Annandale Capital LLC Buys 1,500 Shares of The Home Depot, Inc. (NYSE:HD)

Annandale Capital LLC grew its stake in shares of The Home Depot, Inc. (NYSE:HD) by 9.2% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 17,749 shares of the home improvement retailer’s stock after buying an additional 1,500 shares during the period. Home Depot accounts for 1.0% of Annandale Capital LLC’s portfolio, making the stock its 20th largest position. Annandale Capital LLC’s holdings in Home Depot were worth $6,110,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HD. Fairway Wealth LLC bought a new position in Home Depot during the second quarter valued at approximately $25,000. Frank Rimerman Advisors LLC bought a new position in shares of Home Depot during the 4th quarter valued at $27,000. Kings Path Partners LLC purchased a new position in Home Depot in the 2nd quarter worth $33,000. A.P. Gilfoyle & Co. L.P. bought a new stake in Home Depot in the first quarter worth $38,000. Finally, Livelsberger Financial Advisory purchased a new stake in Home Depot during the fourth quarter valued at about $39,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Daiwa America raised Home Depot to a “hold” rating in a research note on Thursday, August 15th. Truist Financial cut their target price on shares of Home Depot from $396.00 to $395.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. UBS Group upped their price target on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Loop Capital boosted their price objective on shares of Home Depot from $330.00 to $360.00 and gave the company a “hold” rating in a research report on Tuesday, September 17th. 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 for the company. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and an average target price of $391.88.

Home Depot Price Performance

Shares of NYSE:HD opened at $399.53 on Friday. The business has a fifty day moving average price of $368.10 and a 200-day moving average price of $355.07. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33. The company has a market capitalization of $396.18 billion, a PE ratio of 26.80, a PEG ratio of 2.71 and a beta of 1.00. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $403.54.

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

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were given a $2.25 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 annualized dividend and a yield of 2.25%. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

About Home Depot

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.