Clarity Capital Partners LLC Cuts Position in The Home Depot, Inc. (NYSE:HD)

Clarity Capital Partners LLC reduced its position in shares of The Home Depot, Inc. (NYSE:HDFree Report) by 1.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,900 shares of the home improvement retailer’s stock after selling 31 shares during the period. Clarity Capital Partners LLC’s holdings in Home Depot were worth $729,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Bare Financial Services Inc acquired a new position in Home Depot during the fourth quarter worth $26,000. Frank Rimerman Advisors LLC acquired a new position in Home Depot during the fourth quarter worth $27,000. Keener Financial Planning LLC acquired a new position in Home Depot during the fourth quarter worth $31,000. PFG Private Wealth Management LLC lifted its stake in Home Depot by 53.3% during the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 32 shares in the last quarter. Finally, Gilfoyle & Co LLC purchased a new stake in shares of Home Depot during the fourth quarter worth $35,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HD has been the topic of a number of recent research reports. StockNews.com lowered Home Depot from a “buy” rating to a “hold” rating in a research report on Saturday, May 25th. UBS Group cut 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. Telsey Advisory Group reaffirmed a “market perform” rating and set a $360.00 price objective on shares of Home Depot in a research report on Tuesday, May 14th. Citigroup cut their price objective on Home Depot from $415.00 to $395.00 and set a “buy” rating on the stock in a research report on Tuesday, May 7th. Finally, Evercore ISI increased their target price on Home Depot from $415.00 to $420.00 and gave the company an “outperform” rating in a report on Tuesday, May 14th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and an average target price of $378.42.

Get Our Latest Stock Analysis on HD

Insiders Place Their Bets

In other Home Depot news, EVP Matt Carey sold 56,008 shares of Home Depot stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $345.18, for a total value of $19,332,841.44. Following the completion of the sale, the executive vice president now directly owns 33,325 shares of the company’s stock, valued at approximately $11,503,123.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.10% of the stock is owned by corporate insiders.

Home Depot Price Performance

Shares of HD traded up $7.13 during mid-day trading on Wednesday, reaching $344.22. 3,262,075 shares of the company’s stock were exchanged, compared to its average volume of 3,433,186. The company has a quick ratio of 0.42, a current ratio of 1.34 and a debt-to-equity ratio of 23.11. The company has a 50-day simple moving average of $338.82 and a two-hundred day simple moving average of $352.01. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87. The company has a market cap of $341.33 billion, a price-to-earnings ratio of 23.09, a PEG ratio of 2.35 and a beta of 0.98.

Home Depot (NYSE:HDGet Free Report) last issued its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share for the quarter, topping analysts’ consensus estimates of $3.61 by $0.02. The business had revenue of $36.42 billion during the quarter, compared to analysts’ expectations of $36.65 billion. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The company’s revenue was down 2.3% on a year-over-year basis. During the same period last year, the company posted $3.82 EPS. On average, sell-side analysts predict that The Home Depot, Inc. will post 15.28 EPS for the current fiscal year.

Home Depot Announces Dividend

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

Home Depot Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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