Paradigm Asset Management Co. LLC Cuts Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Paradigm Asset Management Co. LLC cut its stake in The Home Depot, Inc. (NYSE:HD) by 19.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,290 shares of the home improvement retailer’s stock after selling 1,300 shares during the period. Paradigm Asset Management Co. LLC’s holdings in Home Depot were worth $2,058,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Synergy Asset Management LLC purchased a new stake in shares of Home Depot in the 4th quarter valued at approximately $26,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Home Depot during the fourth quarter worth $28,000. Legacy Investment Solutions LLC purchased a new position in Home Depot in the third quarter valued at $41,000. Sugar Maple Asset Management LLC acquired a new stake in Home Depot in the fourth quarter valued at $41,000. Finally, Finley Financial LLC acquired a new stake in Home Depot in the fourth quarter valued at $59,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on HD. TD Cowen upped their price objective on Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Barclays upped their price target on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Wells Fargo & Company raised their price objective on shares of Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Stifel Nicolaus upped their target price on shares of Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a report on Monday, November 11th. Finally, DA Davidson increased their target price on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research report on Friday, October 25th. One investment 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 stock. According to MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and a consensus price target of $433.44.

Home Depot Price Performance

Shares of NYSE HD opened at $384.82 on Friday. The stock has a fifty day moving average price of $402.13 and a 200 day moving average price of $397.24. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. 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 company has a market cap of $382.26 billion, a PE ratio of 26.14, a P/E/G ratio of 4.04 and a beta of 1.05.

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.