Arcadia Investment Management Corp MI Sells 334 Shares of The Home Depot, Inc. (NYSE:HD)

Arcadia Investment Management Corp MI lessened its position in The Home Depot, Inc. (NYSE:HD) by 1.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,231 shares of the home improvement retailer’s stock after selling 334 shares during the period. Arcadia Investment Management Corp MI’s holdings in Home Depot were worth $6,703,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Synergy Asset Management LLC acquired a new stake in shares of Home Depot during the 4th quarter worth about $26,000. Wingate Wealth Advisors Inc. acquired a new stake in Home Depot in the 4th quarter worth about $28,000. Legacy Investment Solutions LLC acquired a new stake in Home Depot in the 3rd quarter worth about $41,000. Sugar Maple Asset Management LLC acquired a new stake in Home Depot in the 4th quarter worth about $41,000. Finally, Finley Financial LLC acquired a new stake in Home Depot in the 4th quarter worth about $59,000. Institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on HD shares. Bank of America lifted their price objective on shares of Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Evercore ISI lifted their price objective on shares of Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. JPMorgan Chase & Co. lifted their price objective on shares of Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Royal Bank of Canada lifted their price objective on shares of Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a research note on Monday, November 11th. Finally, Wells Fargo & Company lifted their price objective on shares of Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and an average target price of $433.44.

Home Depot Trading Down 0.2 %

Shares of Home Depot stock opened at $394.63 on Friday. The firm has a market capitalization of $392.01 billion, a PE ratio of 26.81, a price-to-earnings-growth ratio of 4.04 and a beta of 1.05. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The firm’s 50 day moving average is $402.77 and its 200 day moving average is $397.00. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37.

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.