Blackston Financial Advisory Group LLC Has $1.30 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

Blackston Financial Advisory Group LLC trimmed its position in The Home Depot, Inc. (NYSE:HD) by 2.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,348 shares of the home improvement retailer’s stock after selling 86 shares during the period. Home Depot makes up about 0.6% of Blackston Financial Advisory Group LLC’s holdings, making the stock its 26th largest holding. Blackston Financial Advisory Group LLC’s holdings in Home Depot were worth $1,302,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. AMF Tjanstepension AB increased its position in Home Depot by 10.8% during the third quarter. AMF Tjanstepension AB now owns 171,005 shares of the home improvement retailer’s stock worth $69,340,000 after acquiring an additional 16,650 shares during the period. SYM FINANCIAL Corp increased its position in Home Depot by 17.8% during the third quarter. SYM FINANCIAL Corp now owns 1,917 shares of the home improvement retailer’s stock worth $777,000 after acquiring an additional 289 shares during the period. Wealth Group Ltd. bought a new position in Home Depot during the third quarter worth $217,000. Swedbank AB increased its position in Home Depot by 17.1% during the third quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer’s stock worth $368,542,000 after acquiring an additional 132,967 shares during the period. Finally, Syntegra Private Wealth Group LLC increased its position in Home Depot by 3.1% during the third quarter. Syntegra Private Wealth Group LLC now owns 3,389 shares of the home improvement retailer’s stock worth $1,373,000 after acquiring an additional 102 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Price Performance

NYSE HD opened at $384.82 on Friday. The business has a 50 day simple moving average of $402.13 and a 200 day simple moving average of $397.24. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-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 stock has a market cap of $382.26 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 4.04 and a beta of 1.05.

Analyst Upgrades and Downgrades

HD has been the topic of several analyst reports. Stifel Nicolaus boosted their price target 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. DA Davidson boosted their price target on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a report on Friday, October 25th. Evercore ISI boosted their price target on shares of Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Wells Fargo & Company boosted their price target on shares of Home Depot from $440.00 to $450.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Home Depot from $450.00 to $475.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus price target of $433.44.

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.