Trilogy Capital Inc. Sells 373 Shares of The Home Depot, Inc. $HD

Trilogy Capital Inc. reduced its position in The Home Depot, Inc. (NYSE:HD) by 10.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,217 shares of the home improvement retailer’s stock after selling 373 shares during the period. Trilogy Capital Inc.’s holdings in Home Depot were worth $1,180,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. QTR Family Wealth LLC lifted its holdings in shares of Home Depot by 52.1% in the 2nd quarter. QTR Family Wealth LLC now owns 2,572 shares of the home improvement retailer’s stock worth $943,000 after purchasing an additional 881 shares in the last quarter. Trust Co. of Vermont lifted its holdings in shares of Home Depot by 0.7% in the 2nd quarter. Trust Co. of Vermont now owns 56,107 shares of the home improvement retailer’s stock worth $20,571,000 after purchasing an additional 391 shares in the last quarter. Bartlett & CO. Wealth Management LLC lifted its holdings in shares of Home Depot by 0.5% in the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 35,621 shares of the home improvement retailer’s stock worth $13,060,000 after purchasing an additional 169 shares in the last quarter. Ninety One UK Ltd lifted its holdings in shares of Home Depot by 9.3% in the 2nd quarter. Ninety One UK Ltd now owns 20,797 shares of the home improvement retailer’s stock worth $7,625,000 after purchasing an additional 1,763 shares in the last quarter. Finally, Childress Capital Advisors LLC lifted its holdings in shares of Home Depot by 22.8% in the 2nd quarter. Childress Capital Advisors LLC now owns 3,887 shares of the home improvement retailer’s stock worth $1,425,000 after purchasing an additional 721 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP William D. Bastek sold 2,303 shares of the business’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $423.12, for a total value of $974,445.36. Following the sale, the executive vice president directly owned 24,235 shares in the company, valued at approximately $10,254,313.20. The trade was a 8.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Richard V. Mcphail sold 3,369 shares of the business’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total value of $1,359,930.54. Following the completion of the sale, the chief financial officer owned 45,455 shares in the company, valued at $18,348,365.30. This represents a 6.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 48,835 shares of company stock worth $19,623,432 in the last ninety days. 0.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on HD. Telsey Advisory Group restated an “outperform” rating and set a $455.00 price objective on shares of Home Depot in a research note on Tuesday, August 19th. JPMorgan Chase & Co. dropped their price objective on Home Depot from $460.00 to $452.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 20th. Robert W. Baird raised their price objective on Home Depot from $425.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. Wells Fargo & Company raised their price objective on Home Depot from $420.00 to $450.00 and gave the company an “overweight” rating in a research note on Wednesday, August 20th. Finally, Wolfe Research began coverage on Home Depot in a research note on Thursday, September 18th. They set an “outperform” rating and a $497.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus target price of $436.40.

Home Depot Trading Down 1.9%

NYSE HD opened at $397.46 on Thursday. The stock has a market capitalization of $395.63 billion, a price-to-earnings ratio of 27.00, a PEG ratio of 3.84 and a beta of 1.01. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34. The business’s fifty day moving average is $401.81 and its 200-day moving average is $375.61.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.69 by ($0.01). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The firm had revenue of $45.28 billion during the quarter, compared to the consensus estimate of $45.43 billion. During the same quarter in the prior year, the firm posted $4.60 earnings per share. The company’s revenue was up 4.9% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Equities research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Thursday, September 4th. Home Depot’s payout ratio is currently 62.50%.

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.