Trustmark National Bank Trust Department Reduces Stake in The Home Depot, Inc. (NYSE:HD)

Trustmark National Bank Trust Department lowered its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 7.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,347 shares of the home improvement retailer's stock after selling 1,546 shares during the quarter. Trustmark National Bank Trust Department's holdings in Home Depot were worth $7,915,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of HD. Synergy Asset Management LLC bought a new position in shares of Home Depot during the fourth quarter valued at $26,000. Wingate Wealth Advisors Inc. bought a new stake in Home Depot during the 4th quarter valued at about $28,000. Bradley & Co. Private Wealth Management LLC purchased a new position in Home Depot in the fourth quarter worth about $32,000. Marshall Investment Management LLC purchased a new position in Home Depot in the fourth quarter worth about $41,000. Finally, Sellwood Investment Partners LLC bought a new position in shares of Home Depot in the fourth quarter worth approximately $39,000. Institutional investors own 70.86% of the company's stock.

Home Depot Price Performance

HD stock traded up $3.06 during trading on Monday, reaching $356.92. The company's stock had a trading volume of 2,841,813 shares, compared to its average volume of 3,487,086. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The company's fifty day moving average is $374.14 and its 200-day moving average is $395.67. The company has a market capitalization of $354.79 billion, a P/E ratio of 24.25, a price-to-earnings-growth ratio of 4.03 and a beta of 1.09. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37.

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Home Depot (NYSE:HD - Get Free Report) last released its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.04 by $0.09. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm had revenue of $39.70 billion during the quarter, compared to analysts' expectations of $39.15 billion. During the same quarter last year, the business posted $2.82 earnings per share. The firm's revenue was up 14.1% on a year-over-year basis. On average, research analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a dividend of $2.30 per share. This is a positive change from Home Depot's previous quarterly dividend of $2.25. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.58%. Home Depot's dividend payout ratio (DPR) is presently 61.66%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HD. Hsbc Global Res upgraded shares of Home Depot from a "moderate sell" rating to a "hold" rating in a report on Wednesday, February 26th. Piper Sandler decreased their price target on Home Depot from $435.00 to $418.00 and set an "overweight" rating for the company in a research note on Monday, March 24th. KGI Securities raised Home Depot to a "strong-buy" rating in a research report on Monday, March 3rd. Truist Financial reduced their price objective on Home Depot from $437.00 to $391.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, Royal Bank of Canada lowered their target price on shares of Home Depot from $431.00 to $424.00 and set a "sector perform" rating on the stock in a research note on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Home Depot currently has an average rating of "Moderate Buy" and a consensus target price of $434.08.

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.