The Home Depot, Inc. (NYSE:HD) Shares Sold by Addison Advisors LLC

Addison Advisors LLC lowered its stake in shares of The Home Depot, Inc. (NYSE:HD) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,215 shares of the home improvement retailer’s stock after selling 28 shares during the period. Addison Advisors LLC’s holdings in Home Depot were worth $1,640,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HD. AMF Tjanstepension AB boosted its stake in Home Depot by 10.8% during the third quarter. AMF Tjanstepension AB now owns 171,005 shares of the home improvement retailer’s stock worth $69,340,000 after buying an additional 16,650 shares during the last quarter. SYM FINANCIAL Corp boosted its stake in Home Depot by 17.8% during the third quarter. SYM FINANCIAL Corp now owns 1,917 shares of the home improvement retailer’s stock worth $777,000 after buying an additional 289 shares during the last quarter. Wealth Group Ltd. acquired a new position in Home Depot during the third quarter worth $217,000. Swedbank AB boosted its stake in Home Depot by 17.1% during the third quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer’s stock worth $368,542,000 after buying an additional 132,967 shares during the last quarter. Finally, Parcion Private Wealth LLC raised its position in Home Depot by 6.8% in the third quarter. Parcion Private Wealth LLC now owns 16,425 shares of the home improvement retailer’s stock valued at $6,655,000 after purchasing an additional 1,042 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Price Performance

HD stock opened at $381.12 on Tuesday. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The firm has a market capitalization of $378.59 billion, a P/E ratio of 25.89, a P/E/G ratio of 4.03 and a beta of 1.05. The business’s 50-day moving average is $401.53 and its two-hundred day moving average is $398.16. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37.

Analysts Set New Price Targets

A number of research firms have commented on HD. JPMorgan Chase & Co. lifted their target price on Home Depot from $450.00 to $475.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Evercore ISI lifted their target price on Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Telsey Advisory Group restated an “outperform” rating and issued a $455.00 target price on shares of Home Depot in a research report on Thursday, February 20th. Barclays lifted their target price on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Finally, Royal Bank of Canada lifted their target price on Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-one have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $433.44.

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.