Rational Advisors LLC Cuts Position in The Home Depot, Inc. (NYSE:HD)

Rational Advisors LLC trimmed its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 55.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,467 shares of the home improvement retailer’s stock after selling 3,033 shares during the quarter. Rational Advisors LLC’s holdings in Home Depot were worth $960,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Pegasus Asset Management Inc. boosted its stake in Home Depot by 1.8% in the third quarter. Pegasus Asset Management Inc. now owns 4,994 shares of the home improvement retailer’s stock valued at $2,024,000 after acquiring an additional 86 shares during the last quarter. Pensionfund Sabic lifted its stake in Home Depot by 51.4% in the fourth quarter. Pensionfund Sabic now owns 11,200 shares of the home improvement retailer’s stock valued at $4,357,000 after purchasing an additional 3,800 shares during the last quarter. Swedbank AB grew its holdings in Home Depot by 17.1% during the third 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. Wedmont Private Capital increased its position in Home Depot by 12.5% in the fourth quarter. Wedmont Private Capital now owns 13,569 shares of the home improvement retailer’s stock worth $5,291,000 after buying an additional 1,506 shares during the last quarter. Finally, Johnson & White Wealth Management LLC bought a new stake in shares of Home Depot in the fourth quarter valued at $1,793,000. 70.86% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Ann Marie Campbell sold 100 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total transaction of $40,258.00. Following the completion of the sale, the executive vice president now directly owns 12,465 shares in the company, valued at $5,018,159.70. This represents a 0.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

HD has been the subject of several research reports. 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 research note on Wednesday, November 13th. JPMorgan Chase & Co. increased their target price on shares of Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Sanford C. Bernstein initiated coverage on shares of Home Depot in a research report on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 price target on the stock. DA Davidson raised their price objective on shares of Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Stifel Nicolaus boosted 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. 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $433.44.

Home Depot Stock Performance

NYSE:HD opened at $409.47 on Tuesday. 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 business has a 50 day moving average of $404.49 and a 200 day moving average of $396.34. The company has a market capitalization of $406.75 billion, a price-to-earnings ratio of 27.82, a PEG ratio of 4.22 and a beta of 1.05.

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.