The Home Depot, Inc. (NYSE:HD) Shares Sold by Clarity Financial LLC

Clarity Financial LLC decreased its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 40.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,228 shares of the home improvement retailer's stock after selling 829 shares during the period. Clarity Financial LLC's holdings in Home Depot were worth $478,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in HD. Quarry LP grew its stake in Home Depot by 36.0% in the 2nd quarter. Quarry LP now owns 136 shares of the home improvement retailer's stock worth $47,000 after acquiring an additional 36 shares during the period. AMF Tjanstepension AB grew its stake in Home Depot by 10.8% in the 3rd quarter. AMF Tjanstepension AB now owns 171,005 shares of the home improvement retailer's stock worth $69,340,000 after acquiring an additional 16,650 shares during the period. Czech National Bank grew its stake in Home Depot by 7.0% in the 3rd quarter. Czech National Bank now owns 202,002 shares of the home improvement retailer's stock worth $81,851,000 after acquiring an additional 13,151 shares during the period. Triton Wealth Management PLLC grew its stake in Home Depot by 5.2% in the 3rd quarter. Triton Wealth Management PLLC now owns 1,577 shares of the home improvement retailer's stock worth $646,000 after acquiring an additional 78 shares during the period. Finally, Goelzer Investment Management Inc. grew its stake in Home Depot by 8.3% in the 3rd quarter. Goelzer Investment Management Inc. now owns 13,913 shares of the home improvement retailer's stock worth $5,638,000 after acquiring an additional 1,061 shares during the period. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Stock Up 0.6 %

Home Depot stock traded up $2.55 during midday trading on Wednesday, hitting $414.04. 2,210,589 shares of the stock were exchanged, compared to its average volume of 3,077,046. The company has a 50 day moving average price of $407.11 and a two-hundred day moving average price of $393.41. The firm has a market cap of $411.29 billion, a P/E ratio of 28.13, a P/E/G ratio of 4.34 and a beta of 1.05. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

Home Depot (NYSE:HD - Get Free Report) last released its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, topping the consensus estimate of $3.64 by $0.14. The company had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company's revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.81 EPS. On average, sell-side analysts predict that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were given a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.17%. The ex-dividend date was Wednesday, November 27th. Home Depot's payout ratio is currently 61.14%.

Insider Transactions at Home Depot

In related news, EVP Ann Marie Campbell sold 100 shares of the business's stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total transaction of $40,258.00. Following the completion of the sale, the executive vice president now owns 12,465 shares of the company's stock, valued at $5,018,159.70. This represents a 0.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Timothy A. Hourigan sold 16,004 shares of the business's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the sale, the executive vice president now directly owns 77,475 shares of the company's stock, valued at approximately $31,727,562. This represents a 17.12 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,188 shares of company stock valued at $15,624,585. Insiders own 0.10% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Evercore ISI lifted their target price on shares of Home Depot from $420.00 to $430.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 13th. Sanford C. Bernstein initiated coverage on shares of Home Depot in a report on Tuesday, October 22nd. They issued a "market perform" rating and a $451.00 price target on the stock. Mizuho lifted their price target on shares of Home Depot from $435.00 to $440.00 and gave the company an "outperform" rating in a report on Wednesday, November 13th. Bank of America lifted their price target on shares of Home Depot from $425.00 to $450.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Finally, Royal Bank of Canada lifted their price target on shares of Home Depot from $363.00 to $413.00 and gave the company a "sector perform" rating in a report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $426.00.

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.