The Home Depot, Inc. (NYSE:HD) Shares Bought by Trifecta Capital Advisors LLC

Trifecta Capital Advisors LLC grew its stake in The Home Depot, Inc. (NYSE:HD) by 4.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,600 shares of the home improvement retailer’s stock after purchasing an additional 640 shares during the quarter. Home Depot makes up 1.4% of Trifecta Capital Advisors LLC’s holdings, making the stock its 20th biggest position. Trifecta Capital Advisors LLC’s holdings in Home Depot were worth $5,600,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Occidental Asset Management LLC lifted its stake in shares of Home Depot by 4.8% in the first quarter. Occidental Asset Management LLC now owns 11,916 shares of the home improvement retailer’s stock worth $4,571,000 after buying an additional 545 shares in the last quarter. WD Rutherford LLC lifted its stake in Home Depot by 3.6% in the 1st quarter. WD Rutherford LLC now owns 11,602 shares of the home improvement retailer’s stock worth $4,451,000 after purchasing an additional 405 shares in the last quarter. Independence Bank of Kentucky boosted its holdings in shares of Home Depot by 4.3% during the 1st quarter. Independence Bank of Kentucky now owns 4,628 shares of the home improvement retailer’s stock worth $1,775,000 after purchasing an additional 192 shares during the last quarter. Norris Perne & French LLP MI grew its position in shares of Home Depot by 0.6% in the first quarter. Norris Perne & French LLP MI now owns 52,865 shares of the home improvement retailer’s stock valued at $20,279,000 after purchasing an additional 319 shares in the last quarter. Finally, OneAscent Financial Services LLC increased its holdings in shares of Home Depot by 28.1% in the first quarter. OneAscent Financial Services LLC now owns 5,441 shares of the home improvement retailer’s stock valued at $2,087,000 after purchasing an additional 1,193 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Up 0.8 %

NYSE:HD traded up $2.75 during midday trading on Friday, hitting $344.24. 6,344,192 shares of the company were exchanged, compared to its average volume of 3,519,389. The company has a current ratio of 1.34, a quick ratio of 0.42 and a debt-to-equity ratio of 23.11. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87. The company has a market capitalization of $341.35 billion, a PE ratio of 23.09, a price-to-earnings-growth ratio of 2.36 and a beta of 1.00. The company has a fifty day simple moving average of $338.51 and a 200 day simple moving average of $352.60.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share for the quarter, beating analysts’ consensus estimates of $3.61 by $0.02. The company had revenue of $36.42 billion during the quarter, compared to analysts’ expectations of $36.65 billion. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.82 earnings per share. As a group, equities analysts anticipate that The Home Depot, Inc. will post 15.28 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th were paid a $2.25 dividend. The ex-dividend date was Thursday, May 30th. This represents a $9.00 annualized dividend and a yield of 2.61%. Home Depot’s dividend payout ratio is currently 60.36%.

Insiders Place Their Bets

In other news, EVP Matt Carey sold 56,008 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the transaction, the executive vice president now directly owns 33,325 shares in the company, valued at $11,503,123.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have issued reports on the company. HSBC cut their target price on Home Depot from $323.00 to $318.00 and set a “reduce” rating for the company in a research note on Wednesday, May 15th. StockNews.com cut shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Saturday, May 25th. Guggenheim reaffirmed a “buy” rating and set a $390.00 price target on shares of Home Depot in a research report on Friday, April 5th. Mizuho began coverage on Home Depot in a research note on Tuesday, March 19th. They set a “buy” rating and a $415.00 target price for the company. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $360.00 price target on shares of Home Depot in a research report on Tuesday, May 14th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and a consensus price target of $378.42.

Home Depot Company 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.