JFS Wealth Advisors LLC Trims Holdings in The Home Depot, Inc. (NYSE:HD)

JFS Wealth Advisors LLC reduced its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 0.8% in the fourth quarter, HoldingsChannel reports. The fund owned 6,225 shares of the home improvement retailer’s stock after selling 49 shares during the period. JFS Wealth Advisors LLC’s holdings in Home Depot were worth $2,422,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of HD. Synergy Asset Management LLC purchased a new position in shares of Home Depot during the fourth quarter valued at approximately $26,000. Wingate Wealth Advisors Inc. bought a new position in Home Depot during the 4th quarter valued at approximately $28,000. Legacy Investment Solutions LLC purchased a new position in Home Depot during the third quarter valued at $41,000. Sugar Maple Asset Management LLC bought a new stake in Home Depot in the fourth quarter worth $41,000. Finally, Livelsberger Financial Advisory purchased a new stake in shares of Home Depot in the third quarter worth $46,000. Institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on HD shares. JPMorgan Chase & Co. upped their price target 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. Morgan Stanley upped their target price on shares of Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Evercore ISI raised their price target on shares of Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. DA Davidson upped their price objective on Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Mizuho lifted their target price on Home Depot from $435.00 to $440.00 and gave the stock 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $433.44.

Insider Transactions at Home Depot

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

Home Depot Price Performance

NYSE HD opened at $409.47 on Monday. The business’s fifty day moving average is $404.49 and its 200 day moving average is $396.14. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. 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 company has a market capitalization of $406.75 billion, a PE ratio of 27.82, a price-to-earnings-growth ratio of 4.22 and a beta of 1.05.

About Home Depot

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.