Clarity Wealth Advisors LLC Purchases 185 Shares of The Home Depot, Inc. (NYSE:HD)

Clarity Wealth Advisors LLC raised its position in shares of The Home Depot, Inc. (NYSE:HD) by 16.0% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,339 shares of the home improvement retailer’s stock after purchasing an additional 185 shares during the quarter. Clarity Wealth Advisors LLC’s holdings in Home Depot were worth $514,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bare Financial Services Inc bought a new stake in shares of Home Depot during the fourth quarter valued at approximately $26,000. Frank Rimerman Advisors LLC bought a new position in Home Depot in the 4th quarter valued at approximately $27,000. Keener Financial Planning LLC purchased a new stake in Home Depot during the 4th quarter valued at $31,000. PFG Private Wealth Management LLC increased its holdings in shares of Home Depot by 53.3% in the 4th 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 position in shares of Home Depot in the fourth quarter worth $35,000. 70.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HD has been the topic of several recent analyst reports. StockNews.com cut Home Depot from a “buy” rating to a “hold” rating in a research report on Saturday, May 25th. Telsey Advisory Group restated a “market perform” rating and set a $360.00 target price on shares of Home Depot in a research note on Tuesday, May 14th. Citigroup reduced their price target on shares of Home Depot from $415.00 to $395.00 and set a “buy” rating for the company in a research note on Tuesday, May 7th. UBS Group decreased their price objective on shares of Home Depot from $411.00 to $400.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. Finally, Wells Fargo & Company dropped their target price on shares of Home Depot from $425.00 to $400.00 and set an “overweight” rating on the stock in a report on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $378.42.

Insider Transactions at Home Depot

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

Home Depot Price Performance

NYSE HD opened at $344.24 on Monday. The stock has a market cap of $341.35 billion, a price-to-earnings ratio of 23.09, a PEG ratio of 2.38 and a beta of 0.99. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87. The company’s 50 day moving average is $338.51 and its two-hundred day moving average is $352.80. The company has a current ratio of 1.34, a quick ratio of 0.42 and a debt-to-equity ratio of 23.11.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, beating the consensus estimate of $3.61 by $0.02. The firm had revenue of $36.42 billion for the quarter, compared to the consensus estimate 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 firm earned $3.82 EPS. As a group, research analysts anticipate that The Home Depot, Inc. will post 15.28 earnings per share for the current year.

Home Depot Announces Dividend

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

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.