EverSource Wealth Advisors LLC Sells 3,499 Shares of The Home Depot, Inc. $HD

EverSource Wealth Advisors LLC reduced its stake in The Home Depot, Inc. (NYSE:HD) by 12.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,737 shares of the home improvement retailer’s stock after selling 3,499 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Home Depot were worth $9,437,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Alpha Family Trust raised its stake in shares of Home Depot by 37.5% in the 2nd quarter. Alpha Family Trust now owns 2,715 shares of the home improvement retailer’s stock valued at $995,000 after purchasing an additional 740 shares during the period. CW Advisors LLC boosted its position in shares of Home Depot by 16.4% during the second quarter. CW Advisors LLC now owns 135,063 shares of the home improvement retailer’s stock worth $49,520,000 after buying an additional 19,079 shares during the period. Acorns Advisers LLC grew its holdings in shares of Home Depot by 17.0% during the second quarter. Acorns Advisers LLC now owns 1,745 shares of the home improvement retailer’s stock worth $640,000 after buying an additional 253 shares in the last quarter. Twin Peaks Wealth Advisors LLC raised its position in Home Depot by 20.2% in the 2nd quarter. Twin Peaks Wealth Advisors LLC now owns 815 shares of the home improvement retailer’s stock valued at $323,000 after buying an additional 137 shares during the last quarter. Finally, Nicolet Bankshares Inc. lifted its stake in Home Depot by 1.3% in the 2nd quarter. Nicolet Bankshares Inc. now owns 7,125 shares of the home improvement retailer’s stock valued at $2,612,000 after acquiring an additional 91 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HD has been the topic of a number of recent research reports. Robert W. Baird lowered their price objective on shares of Home Depot from $450.00 to $415.00 and set an “outperform” rating on the stock in a report on Wednesday, November 19th. Morgan Stanley decreased their target price on shares of Home Depot from $430.00 to $395.00 and set an “overweight” rating for the company in a research report on Wednesday, November 19th. Sanford C. Bernstein reissued a “market perform” rating and set a $362.00 price target on shares of Home Depot in a research report on Monday, November 24th. Oppenheimer raised their price objective on Home Depot from $400.00 to $420.00 and gave the company a “market perform” rating in a report on Thursday, September 25th. Finally, Bank of America lowered their target price on Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a research report on Wednesday, November 19th. Twenty-one investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus price target of $403.93.

Insider Transactions at Home Depot

In other Home Depot news, EVP William D. Bastek sold 2,303 shares of the company’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $423.12, for a total value of $974,445.36. Following the transaction, the executive vice president directly owned 24,235 shares of the company’s stock, valued at $10,254,313.20. This represents a 8.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.10% of the stock is owned by company insiders.

Home Depot Price Performance

Shares of HD opened at $357.81 on Thursday. The company’s 50-day moving average is $375.31 and its 200-day moving average is $380.14. The company has a debt-to-equity ratio of 3.82, a current ratio of 1.05 and a quick ratio of 0.29. The firm has a market capitalization of $356.20 billion, a PE ratio of 24.39, a PEG ratio of 6.30 and a beta of 1.06. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $436.36.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). The company had revenue of $41.35 billion during the quarter, compared to analyst estimates of $41.06 billion. Home Depot had a net margin of 8.77% and a return on equity of 160.74%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the company posted $3.78 EPS. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Equities analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be issued a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Thursday, December 4th. Home Depot’s dividend payout ratio (DPR) is presently 62.71%.

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.