Trinity Legacy Partners LLC trimmed its stake in The Home Depot, Inc. (NYSE:HD – Get Rating) by 48.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,841 shares of the home improvement retailer’s stock after selling 8,235 shares during the period. Trinity Legacy Partners LLC’s holdings in Home Depot were worth $2,646,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Shore Point Advisors LLC bought a new position in shares of Home Depot in the 4th quarter valued at approximately $26,000. Rinkey Investments bought a new position in shares of Home Depot in the 4th quarter valued at approximately $25,000. Barnett & Company Inc. raised its stake in shares of Home Depot by 173.1% in the 4th quarter. Barnett & Company Inc. now owns 71 shares of the home improvement retailer’s stock valued at $30,000 after acquiring an additional 45 shares in the last quarter. Joseph Group Capital Management bought a new position in shares of Home Depot in the 4th quarter valued at approximately $1,705,000. Finally, Retirement Group LLC increased its position in Home Depot by 111.1% in the 4th quarter. Retirement Group LLC now owns 95 shares of the home improvement retailer’s stock worth $39,000 after buying an additional 50 shares during the period. 70.61% of the stock is currently owned by institutional investors and hedge funds.
In related news, EVP Hector A. Padilla sold 136 shares of the company’s stock in a transaction dated Thursday, May 19th. The stock was sold at an average price of $289.23, for a total value of $39,335.28. Following the completion of the sale, the executive vice president now owns 11,230 shares in the company, valued at $3,248,052.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ann Marie Campbell sold 11,293 shares of the company’s stock in a transaction dated Tuesday, May 24th. The shares were sold at an average price of $288.03, for a total value of $3,252,722.79. Following the completion of the sale, the executive vice president now owns 51,175 shares of the company’s stock, valued at approximately $14,739,935.25. The disclosure for this sale can be found here. Corporate insiders own 0.17% of the company’s stock.
Several brokerages have commented on HD. Citigroup lifted their price target on Home Depot from $327.00 to $348.00 in a research report on Friday, May 20th. Piper Sandler lifted their price target on Home Depot from $310.00 to $321.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 18th. MKM Partners began coverage on Home Depot in a research report on Thursday. They issued a “neutral” rating and a $285.00 price target on the stock. Raymond James dropped their price target on Home Depot from $350.00 to $340.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 18th. Finally, Jefferies Financial Group dropped their price target on Home Depot from $420.00 to $400.00 and set a “buy” rating on the stock in a research report on Wednesday, May 18th. Five investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $369.82.
Shares of HD opened at $283.00 on Friday. The company has a quick ratio of 0.28, a current ratio of 1.11 and a debt-to-equity ratio of 35.47. The Home Depot, Inc. has a 12-month low of $264.51 and a 12-month high of $420.61. The firm has a market capitalization of $290.86 billion, a PE ratio of 17.97, a price-to-earnings-growth ratio of 1.65 and a beta of 0.97. The stock’s fifty day simple moving average is $294.61 and its 200-day simple moving average is $332.16.
Home Depot (NYSE:HD – Get Rating) last issued its quarterly earnings results on Tuesday, May 17th. The home improvement retailer reported $4.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.67 by $0.42. The business had revenue of $38.91 billion for the quarter, compared to analyst estimates of $36.78 billion. Home Depot had a negative return on equity of 21,952.16% and a net margin of 10.83%. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.86 earnings per share. Analysts anticipate that The Home Depot, Inc. will post 16.47 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 16th. Investors of record on Thursday, June 2nd were issued a $1.90 dividend. The ex-dividend date was Wednesday, June 1st. This represents a $7.60 dividend on an annualized basis and a yield of 2.69%. Home Depot’s dividend payout ratio is presently 48.25%.
About Home Depot (Get Rating)
The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell 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, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.
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