Trilogy Capital Inc. Buys 36 Shares of The Home Depot, Inc. (NYSE:HD)

Trilogy Capital Inc. grew its stake in shares of The Home Depot, Inc. (NYSE:HD) by 4.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 914 shares of the home improvement retailer’s stock after acquiring an additional 36 shares during the quarter. Trilogy Capital Inc.’s holdings in Home Depot were worth $350,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bey Douglas LLC bought a new position in shares of Home Depot during the fourth quarter valued at $913,000. Hartline Investment Corp increased its holdings in shares of Home Depot by 3.0% during the fourth quarter. Hartline Investment Corp now owns 15,574 shares of the home improvement retailer’s stock valued at $5,397,000 after acquiring an additional 460 shares in the last quarter. Wolf Group Capital Advisors boosted its position in shares of Home Depot by 6.1% during the fourth quarter. Wolf Group Capital Advisors now owns 7,513 shares of the home improvement retailer’s stock valued at $2,604,000 after buying an additional 430 shares during the last quarter. Alliance Wealth Management Group purchased a new stake in shares of Home Depot during the fourth quarter valued at $253,000. Finally, Zullo Investment Group Inc. boosted its position in shares of Home Depot by 6.6% during the fourth quarter. Zullo Investment Group Inc. now owns 8,153 shares of the home improvement retailer’s stock valued at $2,826,000 after buying an additional 504 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on HD shares. HSBC dropped their price objective on Home Depot from $323.00 to $318.00 and set a “reduce” rating on the stock in a research report on Wednesday, May 15th. TD Cowen dropped their price objective on Home Depot from $440.00 to $420.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. Zelman & Associates raised Home Depot from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 2nd. UBS Group dropped their price objective on Home Depot from $411.00 to $400.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. Finally, Guggenheim reaffirmed a “buy” rating and set a $390.00 price objective on shares of Home Depot in a research report on Friday, April 5th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $378.42.

Home Depot Stock Performance

Shares of NYSE HD traded up $2.75 during trading on Friday, hitting $344.24. The company had a trading volume of 6,344,192 shares, compared to its average volume of 3,519,389. The stock has a 50 day simple moving average of $338.51 and a 200 day simple moving average of $352.74. The company has a debt-to-equity ratio of 23.11, a quick ratio of 0.42 and a current ratio of 1.34. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87. The firm has a market capitalization of $341.35 billion, a P/E ratio of 23.09, a price-to-earnings-growth ratio of 2.38 and a beta of 1.00.

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

Home Depot Announces Dividend

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

Insider Transactions at Home Depot

In related news, EVP Matt Carey sold 56,008 shares of the firm’s stock in a transaction on 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 completion of the transaction, the executive vice president now directly owns 33,325 shares of the company’s stock, valued at $11,503,123.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.10% of the company’s stock.

Home Depot 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.