Annex Advisory Services LLC Cuts Stock Position in The Home Depot, Inc. (NYSE:HD)

Annex Advisory Services LLC cut its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 0.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,502 shares of the home improvement retailer’s stock after selling 152 shares during the quarter. Annex Advisory Services LLC’s holdings in Home Depot were worth $8,713,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HD. Montis Financial LLC increased its stake in shares of Home Depot by 41.6% during the 3rd quarter. Montis Financial LLC now owns 1,039 shares of the home improvement retailer’s stock worth $421,000 after purchasing an additional 305 shares during the last quarter. HCR Wealth Advisors lifted its stake in Home Depot by 6.3% in the third quarter. HCR Wealth Advisors now owns 9,026 shares of the home improvement retailer’s stock valued at $3,658,000 after purchasing an additional 536 shares during the last quarter. Avondale Wealth Management grew its holdings in Home Depot by 10.5% during the third quarter. Avondale Wealth Management now owns 1,050 shares of the home improvement retailer’s stock valued at $425,000 after purchasing an additional 100 shares during the period. Code Waechter LLC purchased a new stake in Home Depot in the third quarter worth $512,000. Finally, Avity Investment Management Inc. raised its stake in shares of Home Depot by 3.7% in the third quarter. Avity Investment Management Inc. now owns 30,362 shares of the home improvement retailer’s stock valued at $12,303,000 after buying an additional 1,072 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on HD shares. Loop Capital raised Home Depot from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $360.00 to $460.00 in a report on Wednesday. DA Davidson lifted their target price on shares of Home Depot from $395.00 to $430.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Oppenheimer boosted their price target on shares of Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a research report on Tuesday, September 24th. Truist Financial cut their price objective on shares of Home Depot from $396.00 to $395.00 and set a “buy” rating for the company in a report on Wednesday, August 14th. Finally, Melius Research assumed coverage on shares of Home Depot in a report on Monday, September 23rd. They set a “buy” rating and a $420.00 target price on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $402.38.

Home Depot Stock Up 0.5 %

Shares of NYSE:HD opened at $411.90 on Friday. The firm has a market capitalization of $408.45 billion, a PE ratio of 27.63, a price-to-earnings-growth ratio of 2.88 and a beta of 1.00. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $420.03. The firm has a fifty day moving average of $378.34 and a 200 day moving average of $357.12.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. The firm had revenue of $43.18 billion during the quarter, compared to analysts’ expectations of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the prior year, the business earned $4.65 EPS. As a group, research analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date was Thursday, August 29th. Home Depot’s payout ratio is currently 60.36%.

Home Depot Company 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.