The Home Depot, Inc. (NYSE:HD) Shares Sold by LWM Advisory Services LLC

LWM Advisory Services LLC cut its stake in The Home Depot, Inc. (NYSE:HD) by 14.3% in the fourth quarter, Holdings Channel reports. The fund owned 1,353 shares of the home improvement retailer’s stock after selling 225 shares during the period. LWM Advisory Services LLC’s holdings in Home Depot were worth $526,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Synergy Asset Management LLC purchased a new position in shares of Home Depot during the 4th quarter worth $26,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Home Depot during the 4th quarter worth $28,000. Legacy Investment Solutions LLC purchased a new position in shares of Home Depot during the 3rd quarter worth $41,000. Sugar Maple Asset Management LLC purchased a new position in shares of Home Depot during the 4th quarter worth $41,000. Finally, Finley Financial LLC purchased a new position in shares of Home Depot during the 4th quarter worth $59,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Price Performance

Shares of NYSE HD opened at $384.82 on Friday. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. The firm has a market capitalization of $382.26 billion, a PE ratio of 26.14, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. The stock’s 50-day simple moving average is $402.13 and its 200-day simple moving average is $397.54.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HD. Evercore ISI increased their price target on Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Bank of America increased their price target on Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. increased their price target on Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Mizuho raised their target price on Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Finally, Truist Financial raised their target price on Home Depot from $465.00 to $467.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. One investment 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $433.44.

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.