Brown Financial Advisors Trims Position in The Home Depot, Inc. (NYSE:HD)

Brown Financial Advisors trimmed its position in shares of The Home Depot, Inc. (NYSE:HD) by 3.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,219 shares of the home improvement retailer’s stock after selling 41 shares during the period. Brown Financial Advisors’ holdings in Home Depot were worth $474,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of HD. Trifecta Capital Advisors LLC grew its position in shares of Home Depot by 6.5% during the fourth quarter. Trifecta Capital Advisors LLC now owns 17,339 shares of the home improvement retailer’s stock worth $6,745,000 after purchasing an additional 1,056 shares in the last quarter. CWS Financial Advisors LLC boosted its stake in Home Depot by 13.4% in the 4th quarter. CWS Financial Advisors LLC now owns 2,590 shares of the home improvement retailer’s stock worth $1,007,000 after purchasing an additional 306 shares during the period. Coyle Financial Counsel LLC grew its holdings in Home Depot by 8.9% during the 4th quarter. Coyle Financial Counsel LLC now owns 926 shares of the home improvement retailer’s stock valued at $360,000 after buying an additional 76 shares in the last quarter. Pine Valley Investments Ltd Liability Co raised its position in shares of Home Depot by 5.3% during the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 31,703 shares of the home improvement retailer’s stock valued at $12,332,000 after buying an additional 1,605 shares during the last quarter. Finally, Prasad Wealth Partners LLC purchased a new position in shares of Home Depot in the fourth quarter worth $586,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on HD shares. Telsey Advisory Group reiterated an “outperform” rating and issued a $455.00 price target on shares of Home Depot in a report on Thursday, February 20th. Royal Bank of Canada lifted their target price on Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a report on Monday, November 11th. TD Cowen increased their price target on Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research note on Monday, October 28th. JPMorgan Chase & Co. lifted their price objective on Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Finally, Truist Financial increased their target price on Home Depot from $465.00 to $467.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-one have given a buy rating to the stock. According to data from MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and a consensus target price of $433.44.

Home Depot Stock Performance

Shares of Home Depot stock opened at $381.12 on Tuesday. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37. The company has a market capitalization of $378.59 billion, a PE ratio of 25.89, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. The stock’s fifty day moving average is $401.53 and its two-hundred day moving average is $398.16. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

Home Depot Company 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.