The Home Depot, Inc. $HD Shares Acquired by Annex Advisory Services LLC

Key Points

• Annex Advisory Services LLC increased its stake in Home Depot by 3.8% during the second quarter, owning a total of 21,536 shares worth approximately $7.9 million.
• Various hedge funds, including Wealth Management Partners LLC and Bond & Devick Financial Network Inc., also increased their positions in Home Depot, indicating growing institutional interest.
• Home Depot reported earnings of $4.68 per share for the latest quarter, slightly missing analysts' expectations, and its stock recently opened at $415.77.

Annex Advisory Services LLC grew its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 3.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,536 shares of the home improvement retailer's stock after purchasing an additional 796 shares during the period. Annex Advisory Services LLC's holdings in Home Depot were worth $7,896,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Asset Planning Services Inc. LA ADV boosted its position in Home Depot by 99,400.7% during the 1st quarter. Asset Planning Services Inc. LA ADV now owns 18,975,772 shares of the home improvement retailer's stock worth $6,954,431,000 after acquiring an additional 18,956,701 shares during the period. GAMMA Investing LLC lifted its holdings in Home Depot by 39,194.1% in the 1st quarter. GAMMA Investing LLC now owns 10,236,903 shares of the home improvement retailer's stock worth $37,517,230,000 after purchasing an additional 10,210,851 shares during the last quarter. Nuveen LLC acquired a new stake in Home Depot in the 1st quarter worth approximately $2,076,592,000. Price T Rowe Associates Inc. MD lifted its holdings in Home Depot by 19.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,253,292 shares of the home improvement retailer's stock worth $3,391,240,000 after purchasing an additional 1,494,261 shares during the last quarter. Finally, Kingstone Capital Partners Texas LLC acquired a new stake in Home Depot in the 2nd quarter worth approximately $418,486,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Down 0.4%

HD traded down $1.71 during trading on Friday, reaching $415.77. 6,709,599 shares of the stock were exchanged, compared to its average volume of 3,792,485. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15. The stock has a market cap of $413.85 billion, a P/E ratio of 28.25, a price-to-earnings-growth ratio of 3.94 and a beta of 1.00. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. The stock's 50 day moving average price is $394.94 and its two-hundred day moving average price is $373.33.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share for the quarter, missing the consensus estimate of $4.69 by ($0.01). The company had revenue of $45.28 billion for the quarter, compared to the consensus estimate of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. Home Depot's revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the business posted $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Equities analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were issued a dividend of $2.30 per share. The ex-dividend date was Thursday, September 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.2%. Home Depot's dividend payout ratio (DPR) is presently 62.50%.

Insider Buying and Selling

In other Home Depot news, EVP William D. Bastek sold 2,303 shares of the firm's stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $423.12, for a total value of $974,445.36. Following the transaction, the executive vice president directly owned 24,235 shares of the company's stock, valued at approximately $10,254,313.20. This trade represents a 8.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Richard V. Mcphail sold 3,369 shares of the business's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total value of $1,359,930.54. Following the transaction, the chief financial officer owned 45,455 shares of the company's stock, valued at approximately $18,348,365.30. The trade was a 6.90% decrease in their position. The disclosure for this sale can be found here. Insiders sold 48,835 shares of company stock worth $19,623,432 in the last three months. 0.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently weighed in on HD. Stifel Nicolaus boosted their target price on Home Depot from $425.00 to $432.00 and gave the stock a "buy" rating in a report on Monday, August 18th. DA Davidson restated a "buy" rating and set a $450.00 price objective on shares of Home Depot in a research report on Tuesday, August 19th. Morgan Stanley boosted their price objective on Home Depot from $415.00 to $430.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 20th. Robert W. Baird upped their price objective on Home Depot from $425.00 to $450.00 and gave the company an "outperform" rating in a report on Wednesday, August 20th. Finally, Mizuho raised their price objective on Home Depot from $435.00 to $450.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $435.00.

Home Depot Profile

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.