SOA Wealth Advisors LLC. Has $5.95 Million Position in The Home Depot, Inc. $HD

Key Points

• SOA Wealth Advisors reduced its Home Depot stake by 29.7% in the second quarter, selling 7,147 shares and retaining 16,880 shares valued at approximately $5.95 million. Home Depot represents about 0.9% of the firm’s portfolio, while institutional investors collectively own 70.86% of the stock.
• Home Depot reported quarterly EPS of $3.43 and revenue of $41.77 billion, both slightly above analyst expectations, with revenue up 4.8% year over year. The company also pays a quarterly dividend of $2.33, equivalent to a 2.8% annual yield.
• Analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and a $373.18 price target, but macroeconomic pressures and elevated recovery expectations pose risks. High interest rates, weak housing activity, margin pressure and CEO Ted Decker’s medical leave could weigh on results or investor sentiment.

SOA Wealth Advisors LLC. lessened its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 29.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,880 shares of the home improvement retailer's stock after selling 7,147 shares during the quarter. Home Depot accounts for approximately 0.9% of SOA Wealth Advisors LLC.'s holdings, making the stock its 26th biggest holding. SOA Wealth Advisors LLC.'s holdings in Home Depot were worth $5,953,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Advocate Investing Services LLC bought a new position in shares of Home Depot during the 4th quarter worth about $25,000. Parvin Asset Management LLC increased its stake in Home Depot by 110.0% in the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer's stock valued at $26,000 after acquiring an additional 33 shares during the period. Cache Advisors LLC bought a new stake in Home Depot in the first quarter valued at about $27,000. Key Capital Management INC acquired a new position in Home Depot in the fourth quarter worth about $28,000. Finally, Merkkuri Wealth Advisors LLC acquired a new position in Home Depot in the first quarter worth about $28,000. Institutional investors own 70.86% of the company's stock.

Key Home Depot News

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: Analysts expect second-quarter sales and earnings growth, supported by continued momentum among professional customers (“Pros”) and gains in digital sales. Wells Fargo also raised its price target to $400, suggesting potential upside if Home Depot delivers a solid report. Home Depot to Post Q2 Earnings Wells Fargo Raises Home Depot Price Target
• Positive Sentiment: Home Depot’s long record of dividend payments may provide support for income-focused investors, while the bankruptcy filing of a smaller hardware rival could modestly reinforce the company’s scale and competitive position. Home Depot Dividend Streak Hardware Rival Files Chapter 11
• Neutral Sentiment: The company’s finance chief Richard McPhail and another senior executive will help manage operations during Decker’s absence. The arrangement limits immediate disruption, but investors may seek more clarity on the duration of the leave and its effect on strategy. Home Depot Executives Step Up During CEO Leave
• Negative Sentiment: Oppenheimer and other analysts caution that second-quarter results may show little evidence of a recovery. High interest rates, weak housing activity, margin pressure and rising fuel costs are weighing on renovation demand and retailer expenses. Home Depot and Lowe’s Results Face Macro Pressures
• Negative Sentiment: Several previews argue that HD may already be priced for a recovery, increasing the risk of a negative reaction if sales, margins or management guidance disappoint. Bernstein has maintained a Hold rating. Home Depot Q2 Earnings Preview Bernstein Maintains Hold Rating

Home Depot Stock Performance

NYSE HD opened at $338.21 on Friday. The Home Depot, Inc. has a 1-year low of $289.10 and a 1-year high of $426.75. The company has a 50 day moving average of $339.17 and a 200-day moving average of $341.85. The company has a current ratio of 1.04, a quick ratio of 0.28 and a debt-to-equity ratio of 3.23. The firm has a market cap of $337.23 billion, a price-to-earnings ratio of 24.02, a PEG ratio of 4.11 and a beta of 0.95.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, topping the consensus estimate of $3.41 by $0.02. The business had revenue of $41.77 billion for the quarter, compared to the consensus estimate of $41.59 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.Home Depot's revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the business earned $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, equities analysts forecast that The Home Depot, Inc. will post 15 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were given a $2.33 dividend. The ex-dividend date was Thursday, June 4th. This represents a $9.32 annualized dividend and a yield of 2.8%. Home Depot's payout ratio is presently 66.19%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HD. Gordon Haskett raised their price target on shares of Home Depot from $320.00 to $330.00 in a research note on Friday, June 12th. Robert W. Baird lowered their price objective on Home Depot from $430.00 to $380.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 20th. Piper Sandler dropped their target price on Home Depot from $422.00 to $421.00 and set an "overweight" rating for the company in a report on Wednesday, May 20th. TD Cowen restated a "buy" rating on shares of Home Depot in a research report on Monday. Finally, HSBC cut their target price on Home Depot from $392.00 to $310.00 and set a "hold" rating for the company in a research report on Wednesday, May 20th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $373.18.

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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