Annex Advisory Services LLC Acquires 2,927 Shares of The Home Depot, Inc. $HD

Key Points

• Annex Advisory Services increased its Home Depot stake by 19.8% in the second quarter, purchasing 2,927 additional shares for a total of 17,700 shares valued at approximately $6.24 million. Institutional investors collectively own 70.86% of the company.
• Analysts maintain a “Moderate Buy” consensus on Home Depot, with 18 Buy, 13 Hold and one Sell rating and an average price target of $373.14, despite several recent target-price reductions.
• Home Depot reported quarterly revenue of $41.77 billion and EPS of $3.43, modestly exceeding estimates, while revenue rose 4.8% year over year. The company also pays a quarterly dividend of $2.33 per share, equivalent to a 2.6% annual yield.

Annex Advisory Services LLC lifted its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 19.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,700 shares of the home improvement retailer's stock after purchasing an additional 2,927 shares during the period. Annex Advisory Services LLC's holdings in Home Depot were worth $6,242,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Gator Capital Management LLC purchased a new stake in shares of Home Depot in the 4th quarter worth approximately $3,693,000. King Luther Capital Management Corp raised its stake in Home Depot by 0.6% during the fourth quarter. King Luther Capital Management Corp now owns 1,240,478 shares of the home improvement retailer's stock valued at $426,848,000 after buying an additional 7,180 shares during the last quarter. Thompson Siegel & Walmsley LLC boosted its holdings in Home Depot by 320.4% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 11,292 shares of the home improvement retailer's stock worth $3,886,000 after acquiring an additional 8,606 shares in the last quarter. Capital International Inc. CA grew its stake in shares of Home Depot by 4.3% in the fourth quarter. Capital International Inc. CA now owns 150,368 shares of the home improvement retailer's stock worth $51,742,000 after acquiring an additional 6,187 shares during the last quarter. Finally, Vise Technologies Inc. grew its stake in shares of Home Depot by 72.1% in the fourth quarter. Vise Technologies Inc. now owns 42,335 shares of the home improvement retailer's stock worth $14,568,000 after acquiring an additional 17,731 shares during the last quarter. Institutional investors own 70.86% of the company's stock.

Wall Street Analysts Forecast Growth

HD has been the subject of several recent analyst reports. Telsey Advisory Group lowered their price target on Home Depot from $435.00 to $410.00 and set an "outperform" rating for the company in a research report on Wednesday, May 20th. Truist Financial cut their price objective on shares of Home Depot from $394.00 to $369.00 and set a "buy" rating on the stock in a research report on Tuesday, May 19th. Morgan Stanley reduced their price objective on shares of Home Depot from $420.00 to $400.00 and set an "overweight" rating for the company in a research note on Wednesday, May 20th. Royal Bank Of Canada decreased their target price on shares of Home Depot from $377.00 to $340.00 and set a "sector perform" rating for the company in a report on Wednesday, May 20th. Finally, DA Davidson reiterated a "buy" rating and issued a $377.00 target price on shares of Home Depot in a research note on Monday, July 27th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $373.14.

Home Depot Stock Up 0.8%

HD stock opened at $353.65 on Wednesday. The stock has a market capitalization of $352.63 billion, a P/E ratio of 25.12, a P/E/G ratio of 4.05 and a beta of 0.95. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.28. The Home Depot, Inc. has a 1-year low of $289.10 and a 1-year high of $426.75. The business has a fifty day moving average price of $337.39 and a 200-day moving average price of $342.43.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, beating the consensus estimate of $3.41 by $0.02. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The company had revenue of $41.77 billion for the quarter, compared to analysts' expectations of $41.59 billion. During the same period last year, the firm posted $3.56 earnings per share. Home Depot's 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. Equities analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

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

About Home Depot

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.

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