Trilogy Capital Inc. Purchases 670 Shares of The Home Depot, Inc. (NYSE:HD)

Key Points

• Trilogy Capital Inc. increased its stake in The Home Depot by 22.9% during the 1st quarter, owning a total of 3,590 shares valued at approximately $1.3 million.
• Home Depot's stock has received various updates from analysts, with price targets ranging from $350.00 to $470.00, leading to an average rating of "Moderate Buy".
• The company reported a $3.56 EPS for its most recent quarter, slightly missing estimates, but achieved a year-over-year revenue increase of 9.4% totaling $39.86 billion.

Trilogy Capital Inc. increased its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 22.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,590 shares of the home improvement retailer's stock after acquiring an additional 670 shares during the period. Trilogy Capital Inc.'s holdings in Home Depot were worth $1,316,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of HD. Hurlow Wealth Management Group Inc. raised its stake in shares of Home Depot by 1.3% during the fourth quarter. Hurlow Wealth Management Group Inc. now owns 2,137 shares of the home improvement retailer's stock valued at $831,000 after purchasing an additional 27 shares in the last quarter. Invst LLC raised its stake in shares of Home Depot by 0.4% during the fourth quarter. Invst LLC now owns 6,738 shares of the home improvement retailer's stock valued at $2,621,000 after purchasing an additional 28 shares in the last quarter. Financial Insights Inc. raised its stake in shares of Home Depot by 3.3% during the first quarter. Financial Insights Inc. now owns 880 shares of the home improvement retailer's stock valued at $323,000 after purchasing an additional 28 shares in the last quarter. Wayfinding Financial LLC grew its holdings in Home Depot by 1.2% during the first quarter. Wayfinding Financial LLC now owns 2,353 shares of the home improvement retailer's stock worth $862,000 after acquiring an additional 28 shares during the period. Finally, Pure Portfolios Holdings LLC grew its holdings in Home Depot by 4.7% during the first quarter. Pure Portfolios Holdings LLC now owns 623 shares of the home improvement retailer's stock worth $228,000 after acquiring an additional 28 shares during the period. Institutional investors and hedge funds own 70.86% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on HD. Truist Financial lifted their target price on Home Depot from $393.00 to $417.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. DA Davidson lowered their target price on Home Depot from $470.00 to $450.00 in a report on Tuesday, May 20th. JPMorgan Chase & Co. lifted their target price on Home Depot from $410.00 to $418.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. Mizuho dropped their price target on Home Depot from $450.00 to $435.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 21st. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $455.00 price target on shares of Home Depot in a research note on Monday, June 30th. Seven investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $426.77.

Insiders Place Their Bets

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of the company's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total value of $1,996,327.68. Following the sale, the executive vice president directly owned 17,367 shares in the company, valued at $6,413,285.76. This represents a 23.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Fahim Siddiqui sold 2,600 shares of the company's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total value of $954,564.00. Following the completion of the sale, the executive vice president owned 7,951 shares in the company, valued at $2,919,130.14. This trade represents a 24.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company's stock.

Home Depot Stock Performance

Shares of HD traded down $1.69 on Wednesday, reaching $375.65. 435,444 shares of the stock traded hands, compared to its average volume of 3,530,358. The firm has a market cap of $373.75 billion, a price-to-earnings ratio of 25.49, a P/E/G ratio of 3.59 and a beta of 1.00. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.09 and a quick ratio of 0.28. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. The stock's 50-day moving average price is $365.56 and its 200-day moving average price is $373.69.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.59 by ($0.03). The firm had revenue of $39.86 billion for the quarter, compared to the consensus estimate of $39.24 billion. Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The business's revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.63 earnings per share. Equities analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were given a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date was Thursday, June 5th. Home Depot's dividend payout ratio (DPR) is 62.42%.

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.