Cladis Investment Advisory LLC Sells 174 Shares of The Home Depot, Inc. $HD

Cladis Investment Advisory LLC lowered its stake in The Home Depot, Inc. (NYSE:HD) by 5.8% during the first quarter, Holdings Channel reports. The firm owned 2,815 shares of the home improvement retailer’s stock after selling 174 shares during the period. Cladis Investment Advisory LLC’s holdings in Home Depot were worth $1,032,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of HD. Financial Gravity Asset Management Inc. bought a new position in Home Depot in the first quarter valued at about $406,000. Wealth Management Partners LLC grew its position in Home Depot by 0.6% in the first quarter. Wealth Management Partners LLC now owns 6,506 shares of the home improvement retailer’s stock valued at $2,384,000 after acquiring an additional 36 shares during the last quarter. Arbor Capital Management Inc. ADV grew its position in Home Depot by 4.8% in the first quarter. Arbor Capital Management Inc. ADV now owns 4,784 shares of the home improvement retailer’s stock valued at $1,757,000 after acquiring an additional 221 shares during the last quarter. ARS Wealth Advisors Group LLC grew its position in Home Depot by 0.8% in the first quarter. ARS Wealth Advisors Group LLC now owns 31,728 shares of the home improvement retailer’s stock valued at $11,628,000 after acquiring an additional 239 shares during the last quarter. Finally, Tabor Asset Management LP bought a new position in Home Depot in the first quarter valued at about $5,886,000. Institutional investors own 70.86% of the company’s stock.

Insider Activity at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of the business’s stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total value of $1,996,327.68. Following the transaction, the executive vice president directly owned 17,367 shares of the company’s stock, valued at approximately $6,413,285.76. The trade was a 23.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Fahim Siddiqui sold 2,600 shares of the business’s stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total value of $954,564.00. Following the completion of the transaction, the executive vice president directly owned 7,951 shares in the company, valued at approximately $2,919,130.14. This trade represents a 24.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by insiders.

Home Depot Price Performance

Home Depot stock opened at $399.29 on Monday. The stock’s 50 day moving average is $370.47 and its 200 day moving average is $371.31. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.09 and a quick ratio of 0.28. The firm has a market cap of $397.27 billion, a P/E ratio of 27.09, a P/E/G ratio of 3.80 and a beta of 1.00. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing analysts’ consensus estimates of $3.59 by ($0.03). The company had revenue of $39.86 billion during the quarter, compared to analyst estimates of $39.24 billion. Home Depot had a return on equity of 242.51% and a net margin of 8.98%. Home Depot’s revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.63 earnings per share. As a group, research analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were paid a $2.30 dividend. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $9.20 annualized dividend and a yield of 2.3%. Home Depot’s payout ratio is 62.42%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Morgan Stanley reiterated an “overweight” rating and issued a $415.00 target price (up previously from $410.00) on shares of Home Depot in a research report on Tuesday, May 20th. Evercore ISI set a $400.00 target price on Home Depot and gave the company an “outperform” rating in a research report on Thursday, May 22nd. Gordon Haskett lifted their target price on Home Depot from $350.00 to $360.00 in a research report on Tuesday, May 20th. Mizuho decreased their target price on Home Depot from $450.00 to $435.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 21st. Finally, JPMorgan Chase & Co. lifted their target price on Home Depot from $410.00 to $418.00 and gave the company an “overweight” rating in a research report on Wednesday, May 21st. Six research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $427.48.

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.