Evergreen Capital Management LLC Lowers Stake in The Home Depot, Inc. $HD

Key Points

• Evergreen Capital Management LLC reduced its stake in Home Depot by 9.4% in the 1st quarter, owning 15,555 shares valued at approximately $5.70 million after selling some shares.
• Home Depot's CEO, Edward P. Decker, sold 32,897 shares at an average price of $397.22, resulting in a significant decrease in his holdings and total shares valued at around $48.63 million.
• The company has recently announced a quarterly dividend of $2.30 per share, representing a 2.3% yield, with a payout ratio of 62.50%.

Evergreen Capital Management LLC cut its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 9.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,555 shares of the home improvement retailer's stock after selling 1,616 shares during the period. Evergreen Capital Management LLC's holdings in Home Depot were worth $5,701,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Home Depot by 0.8% during the first quarter. Vanguard Group Inc. now owns 96,484,199 shares of the home improvement retailer's stock worth $35,360,494,000 after buying an additional 720,447 shares during the period. Asset Planning Services Inc. LA ADV lifted its holdings 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 buying an additional 18,956,701 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Home Depot by 6.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 14,415,278 shares of the home improvement retailer's stock worth $5,282,398,000 after buying an additional 891,326 shares during the last quarter. GAMMA Investing LLC lifted its position in Home Depot by 39,194.1% in the first quarter. GAMMA Investing LLC now owns 10,236,903 shares of the home improvement retailer's stock valued at $37,517,230,000 after acquiring an additional 10,210,851 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of 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 valued at $3,391,240,000 after purchasing an additional 1,494,261 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Home Depot Price Performance

Shares of HD traded down $0.36 during trading hours on Tuesday, reaching $406.41. The company had a trading volume of 3,328,301 shares, compared to its average volume of 3,544,990. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31. The company has a market capitalization of $404.53 billion, a price-to-earnings ratio of 27.61, a PEG ratio of 3.86 and a beta of 1.00. The firm has a 50 day simple moving average of $381.41 and a 200-day simple moving average of $370.83.

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

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be paid a $2.30 dividend. This represents a $9.20 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, September 4th. Home Depot's dividend payout ratio (DPR) is presently 62.50%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on HD shares. Telsey Advisory Group reiterated an "outperform" rating and issued a $455.00 price objective on shares of Home Depot in a research note on Tuesday, August 19th. Jefferies Financial Group reduced their price target on shares of Home Depot from $461.00 to $456.00 in a research report on Tuesday, May 20th. TD Securities downgraded shares of Home Depot to a "buy" rating in a research report on Monday, June 2nd. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $398.00 target price (up from $380.00) on shares of Home Depot in a report on Wednesday, May 21st. Finally, Royal Bank Of Canada reduced their target price on shares of Home Depot from $424.00 to $399.00 and set a "sector perform" rating for the company in a report on Thursday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat, Home Depot currently has a consensus rating of "Moderate Buy" and a consensus price target of $432.52.

Insiders Place Their Bets

In other news, EVP Angie Brown sold 1,000 shares of the firm's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total value of $404,070.00. Following the completion of the transaction, the executive vice president owned 3,837 shares in the company, valued at $1,550,416.59. This trade represents a 20.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Richard V. Mcphail sold 3,369 shares of the firm'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 completion of the transaction, the chief financial officer owned 45,455 shares of the company's stock, valued at approximately $18,348,365.30. This represents a 6.90% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 46,532 shares of company stock valued at $18,648,987. Company insiders own 0.10% of the company's stock.

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.