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

Clarity Capital Partners LLC trimmed its position in shares of The Home Depot, Inc. (NYSE:HD) by 22.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 730 shares of the home improvement retailer’s stock after selling 213 shares during the quarter. Clarity Capital Partners LLC’s holdings in Home Depot were worth $284,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in HD. Pegasus Asset Management Inc. boosted its holdings in shares of Home Depot by 1.8% during the 3rd quarter. Pegasus Asset Management Inc. now owns 4,994 shares of the home improvement retailer’s stock worth $2,024,000 after purchasing an additional 86 shares during the last quarter. Pensionfund Sabic boosted its stake in Home Depot by 51.4% during the fourth quarter. Pensionfund Sabic now owns 11,200 shares of the home improvement retailer’s stock worth $4,357,000 after buying an additional 3,800 shares during the last quarter. Swedbank AB grew its holdings in Home Depot by 17.1% in the 3rd quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer’s stock valued at $368,542,000 after buying an additional 132,967 shares in the last quarter. Wedmont Private Capital increased its stake in shares of Home Depot by 12.5% in the 4th quarter. Wedmont Private Capital now owns 13,569 shares of the home improvement retailer’s stock worth $5,291,000 after acquiring an additional 1,506 shares during the last quarter. Finally, Johnson & White Wealth Management LLC purchased a new position in shares of Home Depot during the 4th quarter worth $1,793,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Trading Up 1.4 %

Shares of NYSE:HD opened at $412.64 on Friday. The company has a market cap of $409.90 billion, a PE ratio of 28.03, a P/E/G ratio of 4.22 and a beta of 1.05. The company’s 50 day moving average is $405.21 and its two-hundred day moving average is $395.46. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. The company had revenue of $40.22 billion for the quarter, compared to analysts’ expectations of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. Home Depot’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the firm earned $3.81 earnings per share. Equities analysts predict that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on HD. Royal Bank of Canada upped their price objective 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. Wells Fargo & Company raised their price target on shares of Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a report on Thursday. Morgan Stanley upped their price objective on Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Telsey Advisory Group raised Home Depot from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $360.00 to $455.00 in a research note on Friday, November 8th. Finally, Bank of America upped their price target on Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-two have given a buy rating to the company’s stock. According to MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and an average target price of $431.00.

Insider Activity at Home Depot

In related news, EVP Timothy A. Hourigan sold 16,004 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the transaction, the executive vice president now owns 77,475 shares in the company, valued at $31,727,562. This trade represents a 17.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Ann Marie Campbell sold 100 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total value 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 approximately $5,018,159.70. This represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

About Home Depot

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.