Annex Advisory Services LLC increased its holdings in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) by 6.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,587 shares of the home improvement retailer’s stock after acquiring an additional 1,210 during the period. Annex Advisory Services LLC’s holdings in Home Depot were worth $6,162,000 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. Rinkey Investments bought a new stake in Home Depot during the 4th quarter worth approximately $25,000. Shore Point Advisors LLC bought a new position in Home Depot in the 4th quarter valued at $26,000. Barnett & Company Inc. boosted its position in Home Depot by 173.1% in the 4th quarter. Barnett & Company Inc. Now owns 71 shares of the home improvement retailer’s stock valued at $30,000 after buying an additional 45 shares during the last quarter. Retirement Group LLC boosted its position in Home Depot by 111.1% in the 4th quarter. Retirement Group LLC now owns 95 shares of the home improvement retailer’s stock valued at $39,000 after buying an additional 50 during the last quarter. Finally, Family CFO Inc bought a new position in Home Depot in the 4th quarter valued at $42,000. Institutional investors and hedge funds own 70.61% of the company’s stock.
HD has been the topic of a number of recent research reports. Evercore ISI decreased their objective price on Home Depot to $360.00 in a research report on Thursday, June 9th. Trust Financial decreased their price objective on Home Depot from $405.00 to $375.00 and set a “na” rating on the stock in a research report on Wednesday, May 18th. DA Davidson decreased their objective price on Home Depot from $354.00 to $330.00 and set a “na” rating on the stock in a research report on Wednesday, May 18th. MKM Partners started coverage on Home Depot in a research report on Thursday, June 23rd. They issued a “neutral” rating and a $285.00 price objective on the stock. Finally, Piper Sandler increased their price target on Home Depot from $310.00 to $321.00 and gave the company a “neutral” rating in a research note on Wednesday, May 18th. Five investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $369.82.
Shares of Home Depot stock opened at $270.15 on Wednesday. The company has a market capitalization of $277.65 billion, a PE ratio of 17.15, a PEG ratio of 1.70 and a beta of 0.97. The Home Depot, Inc. has a 12 month low of $264.51 and a 12 month high of $420.61. The company has a current ratio of 1.11, a quick ratio of 0.28 and a debt-to-equity ratio of 35.47. The stock’s fifty day simple moving average is $293.50 and its 200 day simple moving average is $330.24.
Home Depot (NYSE:HD – Get Rating) last issued its quarterly earnings data on Tuesday, May 17th. The home improvement retailer reported $4.09 EPS for the quarter, topping the consensus estimate of $3.67 by $0.42. The business had revenue of $38.91 billion for the quarter, compared to the consensus estimate of $36.78 billion. Home Depot had a negative return on equity of 21,952.16% and a net margin of 10.83%. The firm’s revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the business posted $3.86 EPS. Analysts predict that The Home Depot, Inc. will post 16.47 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 16th. Shareholders of record on Thursday, June 2nd were issued a dividend of $1.90 per share. This represents a $7.60 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date was Wednesday, June 1st. Home Depot’s dividend payout ratio (DPR) is presently 48.25%.
In other news, EVP Ann Marie Campbell sold 11,293 shares of the firm’s stock in a transaction dated Tuesday, May 24th. The stock was sold at an average price of $288.03, for a total value of $3,252,722.79. Following the completion of the transaction, the executive vice president now owns 51,175 shares in the company, valued at approximately $14,739,935.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Hector A. Padilla sold 136 shares of the firm’s stock in a transaction dated Thursday, May 19th. The shares were sold at an average price of $289.23, for a total value of $39,335.28. Following the completion of the transaction, the executive vice president now owns 11,230 shares of the company’s stock, valued at approximately $3,248,052.90. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by corporate insiders.
About Home Depot (Get Rating)
The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell 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, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.
Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HD – Get Rating).
Receive News & Ratings for Home Depot Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Home Depot and related companies with MarketBeat.com’s FREE daily email newsletter.