FDx Advisors Inc. Sells 85 Shares of The Home Depot, Inc. (NYSE:HD)

FDx Advisors Inc. trimmed its position in The Home Depot, Inc. (NYSE:HD) by 7.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,101 shares of the home improvement retailer’s stock after selling 85 shares during the period. FDx Advisors Inc.’s holdings in Home Depot were worth $428,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of HD. AMF Tjanstepension AB boosted its position in Home Depot by 10.8% in the 3rd quarter. AMF Tjanstepension AB now owns 171,005 shares of the home improvement retailer’s stock valued at $69,340,000 after buying an additional 16,650 shares during the last quarter. SYM FINANCIAL Corp boosted its position in Home Depot by 17.8% in the 3rd quarter. SYM FINANCIAL Corp now owns 1,917 shares of the home improvement retailer’s stock valued at $777,000 after buying an additional 289 shares during the last quarter. Wealth Group Ltd. bought a new position in Home Depot in the 3rd quarter valued at $217,000. Swedbank AB lifted its stake in shares of 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 purchasing an additional 132,967 shares during the period. Finally, Waldron Private Wealth LLC lifted its stake in shares of Home Depot by 6.1% in the 3rd quarter. Waldron Private Wealth LLC now owns 11,120 shares of the home improvement retailer’s stock valued at $4,506,000 after purchasing an additional 644 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on HD shares. Evercore ISI increased their price target on Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Barclays increased their price target on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Bank of America increased 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. Royal Bank of Canada increased their price target on Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research note on Monday, November 11th. Finally, Mizuho increased their price target on Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $433.44.

Home Depot Stock Performance

HD opened at $394.63 on Friday. The business’s 50-day moving average price is $402.77 and its two-hundred day moving average price is $397.00. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The company has a market capitalization of $392.01 billion, a price-to-earnings ratio of 26.81, a P/E/G ratio of 4.12 and a beta of 1.05. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

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.