Kornitzer Capital Management Inc. KS Reduces Position in The Home Depot, Inc. (NYSE:HD)

Kornitzer Capital Management Inc. KS lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,239 shares of the home improvement retailer’s stock after selling 255 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Home Depot were worth $8,651,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Synergy Asset Management LLC bought a new stake in shares of Home Depot during the fourth quarter valued at approximately $26,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Home Depot during the fourth quarter valued at approximately $28,000. Legacy Investment Solutions LLC bought a new stake in shares of Home Depot during the third quarter valued at approximately $41,000. Sugar Maple Asset Management LLC bought a new position in Home Depot in the fourth quarter worth approximately $41,000. Finally, Livelsberger Financial Advisory bought a new position in Home Depot in the third quarter worth approximately $46,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Trading Down 1.6 %

Shares of Home Depot stock opened at $402.76 on Wednesday. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The company’s 50-day simple moving average is $403.70 and its 200-day simple moving average is $397.03. The firm has a market cap of $400.08 billion, a price-to-earnings ratio of 27.36, a price-to-earnings-growth ratio of 4.22 and a beta of 1.05.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on HD. Barclays boosted their price objective on shares of Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Mizuho boosted their price objective on shares of Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Evercore ISI boosted their price objective 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. TD Cowen boosted their price objective on shares of Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Finally, JPMorgan Chase & Co. upped their price target on Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and a consensus target price of $433.44.

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.