Kentucky Retirement Systems Sells 938 Shares of The Home Depot, Inc. (NYSE:HD)

Kentucky Retirement Systems lowered its stake in The Home Depot, Inc. (NYSE:HD) by 1.4% in the 4th quarter, Holdings Channel reports. The firm owned 68,143 shares of the home improvement retailer’s stock after selling 938 shares during the quarter. Home Depot accounts for approximately 0.8% of Kentucky Retirement Systems’ portfolio, making the stock its 20th largest position. Kentucky Retirement Systems’ holdings in Home Depot were worth $26,507,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pensionfund Sabic raised its holdings in shares of Home Depot by 51.4% in the 4th quarter. Pensionfund Sabic now owns 11,200 shares of the home improvement retailer’s stock valued at $4,357,000 after acquiring an additional 3,800 shares in the last quarter. Swedbank AB raised its holdings in shares of Home Depot by 17.1% in the 3rd quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer’s stock valued at $368,542,000 after acquiring an additional 132,967 shares in the last quarter. Wedmont Private Capital raised its holdings in shares of Home Depot by 12.5% in the 4th quarter. Wedmont Private Capital now owns 13,569 shares of the home improvement retailer’s stock valued at $5,291,000 after acquiring an additional 1,506 shares in the last quarter. Johnson & White Wealth Management LLC purchased a new stake in shares of Home Depot in the 4th quarter valued at about $1,793,000. Finally, Cerity Partners LLC raised its holdings in shares of Home Depot by 14.3% in the 3rd quarter. Cerity Partners LLC now owns 673,876 shares of the home improvement retailer’s stock valued at $273,055,000 after acquiring an additional 84,062 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Trading Down 0.2 %

Home Depot stock opened at $394.63 on Friday. 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 business’s fifty day simple moving average is $402.77 and its two-hundred day simple moving average is $397.00. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. The company has a market capitalization of $392.01 billion, a price-to-earnings ratio of 26.81, a price-to-earnings-growth ratio of 4.04 and a beta of 1.05.

Analyst Ratings Changes

HD has been the topic of several recent analyst reports. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $455.00 price target on shares of Home Depot in a report on Thursday. DA Davidson raised their price objective on Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a report on Friday, October 25th. Barclays raised their price objective 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 Home Depot from $440.00 to $450.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Finally, Mizuho raised their price objective on Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. One research 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average 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.