Wealth Science Advisors LLC Purchases 2,595 Shares of The Home Depot, Inc. $HD

Wealth Science Advisors LLC boosted its holdings in The Home Depot, Inc. (NYSE:HD) by 1,582.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,759 shares of the home improvement retailer’s stock after acquiring an additional 2,595 shares during the quarter. Wealth Science Advisors LLC’s holdings in Home Depot were worth $973,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. HF Advisory Group LLC boosted its stake in Home Depot by 9.3% during the 2nd quarter. HF Advisory Group LLC now owns 727 shares of the home improvement retailer’s stock valued at $256,000 after purchasing an additional 62 shares during the last quarter. Everhart Financial Group Inc. raised its stake in shares of Home Depot by 3.0% in the second quarter. Everhart Financial Group Inc. now owns 5,784 shares of the home improvement retailer’s stock worth $2,040,000 after purchasing an additional 169 shares during the last quarter. Everpar Advisors LLC lifted its holdings in shares of Home Depot by 15.1% during the second quarter. Everpar Advisors LLC now owns 2,485 shares of the home improvement retailer’s stock valued at $876,000 after purchasing an additional 326 shares in the last quarter. Adamsbrown Wealth Consultants LLC bought a new position in shares of Home Depot during the second quarter valued at $224,000. Finally, Hennion & Walsh Asset Management Inc. boosted its position in shares of Home Depot by 38.2% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 6,116 shares of the home improvement retailer’s stock valued at $2,157,000 after buying an additional 1,690 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on HD shares. Guggenheim reiterated a “buy” rating and issued a $425.00 price objective on shares of Home Depot in a report on Monday, July 20th. Royal Bank Of Canada dropped their price target on shares of Home Depot from $377.00 to $340.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 20th. HSBC reduced their price target on shares of Home Depot from $392.00 to $310.00 and set a “hold” rating for the company in a research note on Wednesday, May 20th. Wells Fargo & Company decreased their price objective on shares of Home Depot from $375.00 to $360.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. Finally, Wolfe Research downgraded shares of Home Depot from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, June 23rd. Eighteen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $371.71.

Home Depot Stock Down 0.1%

HD stock opened at $355.41 on Monday. The company has a market cap of $354.39 billion, a price-to-earnings ratio of 25.24, a P/E/G ratio of 4.11 and a beta of 0.95. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.28 and a current ratio of 1.04. The business’s 50-day moving average is $335.75 and its two-hundred day moving average is $342.82. The Home Depot, Inc. has a fifty-two week low of $289.10 and a fifty-two week high of $426.75.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.41 by $0.02. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The business had revenue of $41.77 billion during the quarter, compared to the consensus estimate of $41.59 billion. During the same period in the previous year, the company posted $3.56 EPS. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were given a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a yield of 2.6%. The ex-dividend date was Thursday, June 4th. Home Depot’s payout ratio is 66.19%.

Home Depot Company Profile

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.