Clarus Wealth Advisors Buys 128 Shares of The Home Depot, Inc. (NYSE:HD)

Clarus Wealth Advisors lifted its stake in shares of The Home Depot, Inc. (NYSE:HDGet Rating) by 8.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,572 shares of the home improvement retailer’s stock after purchasing an additional 128 shares during the quarter. Clarus Wealth Advisors’ holdings in Home Depot were worth $450,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in HD. DAGCO Inc. increased its stake in Home Depot by 0.4% during the 1st quarter. DAGCO Inc. now owns 7,394 shares of the home improvement retailer’s stock valued at $2,276,000 after purchasing an additional 32 shares in the last quarter. Willow Creek Wealth Management Inc. grew its stake in shares of Home Depot by 4.7% in the 4th quarter. Willow Creek Wealth Management Inc. now owns 736 shares of the home improvement retailer’s stock worth $305,000 after acquiring an additional 33 shares in the last quarter. Beam Wealth Advisors Inc. grew its stake in shares of Home Depot by 4.9% in the 1st quarter. Beam Wealth Advisors Inc. now owns 707 shares of the home improvement retailer’s stock worth $212,000 after acquiring an additional 33 shares in the last quarter. Shaker Investments LLC OH grew its stake in shares of Home Depot by 1.0% in the 1st quarter. Shaker Investments LLC OH now owns 3,330 shares of the home improvement retailer’s stock worth $997,000 after acquiring an additional 33 shares in the last quarter. Finally, Atticus Wealth Management LLC grew its stake in shares of Home Depot by 0.5% in the 1st quarter. Atticus Wealth Management LLC now owns 7,098 shares of the home improvement retailer’s stock worth $2,125,000 after acquiring an additional 34 shares in the last quarter. 68.66% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Fahim Siddiqui sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $300.59, for a total value of $300,590.00. Following the transaction, the executive vice president now directly owns 6,180 shares in the company, valued at $1,857,646.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, EVP Matt Carey sold 12,650 shares of the company’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $316.26, for a total value of $4,000,689.00. Following the transaction, the executive vice president now directly owns 34,522 shares in the company, valued at $10,917,927.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Fahim Siddiqui sold 1,000 shares of the stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $300.59, for a total transaction of $300,590.00. Following the transaction, the executive vice president now owns 6,180 shares in the company, valued at $1,857,646.20. The disclosure for this sale can be found here. 0.17% of the stock is owned by company insiders.

Home Depot Trading Down 0.9 %

Shares of Home Depot stock opened at $269.14 on Friday. The Home Depot, Inc. has a 12-month low of $264.51 and a 12-month high of $420.61. The company has a market cap of $275.53 billion, a price-to-earnings ratio of 16.54, a PEG ratio of 1.47 and a beta of 0.99. The company has a current ratio of 1.18, a quick ratio of 0.25 and a debt-to-equity ratio of 165.70. The company’s 50-day moving average price is $299.46 and its 200-day moving average price is $299.57.

Home Depot (NYSE:HDGet Rating) last announced its quarterly earnings results on Tuesday, August 16th. The home improvement retailer reported $5.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.95 by $0.10. Home Depot had a net margin of 10.88% and a negative return on equity of 3,166.43%. The firm had revenue of $43.79 billion for the quarter, compared to the consensus estimate of $43.33 billion. During the same period in the prior year, the firm posted $4.53 earnings per share. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, equities analysts expect that The Home Depot, Inc. will post 16.56 earnings per share for the current fiscal year.

Home Depot declared that its Board of Directors has approved a share repurchase plan on Thursday, August 18th that allows the company to buyback $15.00 billion in outstanding shares. This buyback authorization allows the home improvement retailer to purchase up to 4.5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were given a $1.90 dividend. This represents a $7.60 annualized dividend and a dividend yield of 2.82%. The ex-dividend date was Wednesday, August 31st. Home Depot’s dividend payout ratio (DPR) is 46.71%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Truist Financial upped their target price on shares of Home Depot from $375.00 to $399.00 and gave the stock a “buy” rating in a research note on Wednesday, August 17th. MKM Partners assumed coverage on shares of Home Depot in a research note on Thursday, June 23rd. They issued a “neutral” rating and a $285.00 target price for the company. StockNews.com lowered shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Tuesday. Morgan Stanley boosted their price target on shares of Home Depot from $350.00 to $360.00 and gave the stock an “overweight” rating in a report on Wednesday, August 17th. Finally, Piper Sandler boosted their price target on shares of Home Depot to $327.00 in a report on Monday, August 22nd. Five research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $365.95.

About Home Depot

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The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell 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, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.

See Also

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

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