Versant Capital Management Inc Sells 1,238 Shares of The Home Depot, Inc. $HD

Key Points

• Versant Capital Management Inc reduced its stake in The Home Depot, Inc. by 15.1%, selling 1,238 shares, leaving them with a total of 6,981 shares valued at approximately $2.56 million.
• Home Depot's recent quarterly earnings report showed a slight miss on EPS and revenue estimates, reporting $4.68 EPS and $45.28 billion in revenue.
• The company announced a quarterly dividend of $2.30, expected to be paid on September 18th, which marks an annualized yield of 2.2%.

Versant Capital Management Inc trimmed its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 15.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,981 shares of the home improvement retailer's stock after selling 1,238 shares during the period. Versant Capital Management Inc's holdings in Home Depot were worth $2,560,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake 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 valued at $35,360,494,000 after acquiring an additional 720,447 shares during the last quarter. Asset Planning Services Inc. LA ADV raised its stake in shares of Home Depot by 99,400.7% during the first quarter. Asset Planning Services Inc. LA ADV now owns 18,975,772 shares of the home improvement retailer's stock valued at $6,954,431,000 after acquiring an additional 18,956,701 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Home Depot by 6.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 14,415,278 shares of the home improvement retailer's stock valued at $5,282,398,000 after acquiring an additional 891,326 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Home Depot by 39,194.1% during 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 raised its stake in shares of Home Depot by 19.3% during the first 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 acquiring an additional 1,494,261 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Teresa Wynn Roseborough sold 5,483 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the sale, the executive vice president owned 16,057 shares in the company, valued at $6,635,234.11. This represents a 25.45% decrease in their ownership of the stock. The transaction 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 stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total transaction of $1,359,930.54. Following the sale, the chief financial officer owned 45,455 shares in the company, valued at approximately $18,348,365.30. The trade was a 6.90% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,532 shares of company stock valued at $18,648,987. Insiders own 0.10% of the company's stock.

Home Depot Price Performance

Shares of HD opened at $423.33 on Friday. The stock has a market cap of $421.38 billion, a PE ratio of 28.76, a price-to-earnings-growth ratio of 4.01 and a beta of 1.00. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The firm's 50-day simple moving average is $390.03 and its two-hundred day simple moving average is $372.34.

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

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be issued a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Thursday, September 4th. Home Depot's dividend payout ratio is 62.50%.

Analysts Set New Price Targets

HD has been the subject of several recent analyst reports. Truist Financial upped their price objective on shares of Home Depot from $417.00 to $433.00 and gave the company a "buy" rating in a research note on Wednesday, August 13th. Robert W. Baird boosted their price target on shares of Home Depot from $425.00 to $450.00 and gave the company an "outperform" rating in a research report on Wednesday, August 20th. Guggenheim reiterated a "buy" rating and set a $450.00 price target on shares of Home Depot in a research report on Wednesday, May 21st. 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. Finally, Sanford C. Bernstein reiterated a "market perform" rating and set a $398.00 price target (up previously from $380.00) on shares of Home Depot in a research report on Wednesday, May 21st. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $432.52.

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.

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