Trust Investment Advisors Has $2.14 Million Stake in The Home Depot, Inc. (NYSE:HD)

Trust Investment Advisors raised its position in The Home Depot, Inc. (NYSE:HD) by 13.6% in the second quarter, HoldingsChannel.com reports. The fund owned 6,203 shares of the home improvement retailer’s stock after purchasing an additional 743 shares during the quarter. Home Depot accounts for approximately 1.4% of Trust Investment Advisors’ portfolio, making the stock its 14th biggest holding. Trust Investment Advisors’ holdings in Home Depot were worth $2,135,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in HD. Fairway Wealth LLC acquired a new position in shares of Home Depot during the 2nd quarter worth approximately $25,000. Frank Rimerman Advisors LLC bought a new position in Home Depot during the fourth quarter worth $27,000. Kings Path Partners LLC acquired a new position in shares of Home Depot in the second quarter valued at $33,000. Burkett Financial Services LLC bought a new position in shares of Home Depot in the fourth quarter valued at about $38,000. Finally, A.P. Gilfoyle & Co. L.P. acquired a new stake in shares of Home Depot during the 1st quarter worth about $38,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of HD stock opened at $390.39 on Friday. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74. The business has a fifty day simple moving average of $364.35 and a 200 day simple moving average of $354.38. The company has a market cap of $387.12 billion, a P/E ratio of 26.18, a P/E/G ratio of 2.57 and a beta of 1.00.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. The company had revenue of $43.18 billion for the quarter, compared to the consensus estimate of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the company posted $4.65 EPS. On average, sell-side analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were issued a dividend of $2.25 per share. The ex-dividend date was Thursday, August 29th. This represents a $9.00 annualized dividend and a dividend yield of 2.31%. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

Wall Street Analyst Weigh In

Several research firms have weighed in on HD. Daiwa America raised shares of Home Depot to a “hold” rating in a report on Thursday, August 15th. Royal Bank of Canada lowered their target price on Home Depot from $377.00 to $363.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 14th. DA Davidson boosted their price target on Home Depot from $395.00 to $430.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Loop Capital increased their price objective on Home Depot from $330.00 to $360.00 and gave the stock a “hold” rating in a research report on Tuesday. Finally, Jefferies Financial Group began coverage on shares of Home Depot in a research report on Tuesday, July 16th. They issued a “buy” rating and a $426.00 target price for the company. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $389.04.

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.