The Home Depot, Inc. $HD Stock Purchased by Evergreen Capital Management LLC

Key Points

• Evergreen Capital Management increased its Home Depot stake by 49% in the third quarter, purchasing 6,662 additional shares and bringing its holdings to 20,245 shares valued at approximately $5.76 million. Institutional investors collectively own 70.86% of the company.
• Home Depot reported better-than-expected quarterly results, with EPS of $4.92 and revenue of $47.86 billion, representing 5.7% year-over-year revenue growth. The company also declared a quarterly dividend of $2.33, or $9.32 annualized, yielding about 2.9%.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and average price target of $375.93 versus the reported share price of $319.73. However, insiders have recently sold shares, and elevated mortgage rates and weak housing activity remain risks to renovation demand.

Evergreen Capital Management LLC increased its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 49.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,245 shares of the home improvement retailer's stock after purchasing an additional 6,662 shares during the period. Evergreen Capital Management LLC's holdings in Home Depot were worth $5,760,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Zeit Capital LLC acquired a new position in Home Depot during the second quarter worth approximately $26,000. Principia Wealth Advisory LLC boosted its position in Home Depot by 60.4% in the 2nd quarter. Principia Wealth Advisory LLC now owns 85 shares of the home improvement retailer's stock valued at $30,000 after buying an additional 32 shares during the last quarter. Merkkuri Wealth Advisors LLC purchased a new stake in shares of Home Depot during the first quarter worth about $28,000. Navigoe LLC acquired a new stake in shares of Home Depot during the second quarter worth approximately $32,000. Finally, Networth Advisors LLC raised its stake in Home Depot by 54.1% during the first quarter. Networth Advisors LLC now owns 94 shares of the home improvement retailer's stock valued at $31,000 after buying an additional 33 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Insider Buying and Selling

In other Home Depot news, CFO Richard McPhail sold 5,989 shares of the business's stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $348.40, for a total value of $2,086,567.60. Following the transaction, the chief financial officer directly owned 48,104 shares in the company, valued at $16,759,433.60. The trade was a 11.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael Rowe sold 710 shares of the business's stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $336.76, for a total transaction of $239,099.60. Following the completion of the transaction, the executive vice president directly owned 6,838 shares of the company's stock, valued at approximately $2,302,764.88. This represents a 9.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 9,829 shares of company stock valued at $3,339,314. 0.08% of the stock is currently owned by insiders.

Home Depot Trading Down 0.0%

Shares of NYSE HD opened at $319.73 on Monday. The business has a 50 day simple moving average of $309.69 and a 200 day simple moving average of $323.87. The Home Depot, Inc. has a 52 week low of $277.15 and a 52 week high of $397.63. The stock has a market cap of $318.99 billion, a price-to-earnings ratio of 22.37, a PEG ratio of 2.27 and a beta of 1.00. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.31 and a current ratio of 1.08.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.73 by $0.19. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The firm had revenue of $47.86 billion during the quarter, compared to analysts' expectations of $47.24 billion. During the same period in the prior year, the company posted $4.68 earnings per share. Home Depot's revenue for the quarter was up 5.7% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, research analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd were issued a $2.33 dividend. The ex-dividend date of this dividend was Thursday, September 3rd. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.9%. Home Depot's dividend payout ratio is presently 65.22%.

Wall Street Analysts Forecast Growth

HD has been the topic of a number of recent research reports. KeyCorp reissued a "sector weight" rating on shares of Home Depot in a report on Wednesday, August 19th. DA Davidson restated a "buy" rating and issued a $377.00 target price on shares of Home Depot in a research report on Wednesday, August 19th. UBS Group reissued a "buy" rating on shares of Home Depot in a report on Thursday, September 17th. Royal Bank Of Canada reduced their price target on shares of Home Depot from $343.00 to $342.00 and set a "sector perform" rating for the company in a research note on Wednesday, August 19th. Finally, Melius Research set a $397.00 price target on Home Depot in a research report on Tuesday, October 6th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $375.93.

Home Depot News Roundup

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: Home Depot is developing the “Orange Exchange,” a supplier initiative intended to connect the retailer with more small businesses. The effort could improve product quality, assortment and availability while supporting long-term customer demand. Home Depot's latest move is good for customers and the U.S. economy
• Positive Sentiment: Recent coverage highlights potential support from lower interest rates, which could gradually stimulate home sales, remodeling activity and larger renovation projects. Home Depot stock rebounds as rate cuts stir home-improvement demand
• Positive Sentiment: Analyst earnings and revenue estimate revisions, along with the company’s growing distribution capabilities, have renewed attention on Home Depot’s valuation. The latest quarterly results also exceeded consensus expectations, with earnings of $4.92 per share and revenue of $47.86 billion.
• Positive Sentiment: Several major institutional investors increased their Home Depot holdings during the latest reported quarter, while the median analyst price target cited by Quiver Quantitative is $375, implying potential upside from recent trading levels.
• Neutral Sentiment: The Home Depot Foundation pledged $1 billion through 2032 for veteran housing and related causes. The announcement strengthens the company’s social-impact profile but is unlikely to materially affect near-term earnings. The Home Depot Foundation Pledges $1 Billion to Veteran Causes by 2032
• Negative Sentiment: Risk-off trading, higher oil prices and persistently elevated mortgage rates are weighing on housing activity and economically sensitive retailers. Soft home sales and affordability concerns could delay big-ticket renovation demand.
• Negative Sentiment: Reported insider activity showed four sales and no purchases over the past six months, a potentially cautious signal, although the transactions do not necessarily indicate a change in the company’s fundamentals.

Home Depot Profile

The Home Depot, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors, and other building and maintenance professionals. The company sells a broad selection of building materials, hardware, tools, appliances, paint, plumbing and electrical supplies, flooring, lighting, lawn and garden products, and home décor.

In addition to merchandise, Home Depot offers services such as product delivery, tool and equipment rental, credit services, and installation for selected products.

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