The Home Depot, Inc. (NYSE:HD) Shares Sold by Callan Capital LLC

Callan Capital LLC reduced its position in shares of The Home Depot, Inc. (NYSE:HD) by 2.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,395 shares of the home improvement retailer’s stock after selling 156 shares during the quarter. Callan Capital LLC’s holdings in Home Depot were worth $2,098,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Synergy Asset Management LLC acquired a new position in Home Depot during the fourth quarter worth about $26,000. Wingate Wealth Advisors Inc. bought a new position in shares of Home Depot during the 4th quarter valued at about $28,000. Legacy Investment Solutions LLC bought a new position in shares of Home Depot during the 3rd quarter valued at about $41,000. Sugar Maple Asset Management LLC bought a new stake in shares of Home Depot in the 4th quarter worth approximately $41,000. Finally, Finley Financial LLC acquired a new stake in Home Depot during the fourth quarter valued at approximately $59,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Down 2.5 %

HD opened at $384.82 on Friday. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month 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 business has a 50 day moving average price of $402.13 and a 200 day moving average price of $397.24. The firm has a market cap of $382.26 billion, a P/E ratio of 26.14, a price-to-earnings-growth ratio of 4.04 and a beta of 1.05.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HD. Telsey Advisory Group restated an “outperform” rating and issued a $455.00 target price on shares of Home Depot in a report on Thursday. Truist Financial increased their price target on Home Depot from $465.00 to $467.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Royal Bank of Canada boosted their price objective on Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a report on Monday, November 11th. Evercore ISI raised their target price on shares of Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Finally, Barclays boosted their price target on shares of Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. One 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $433.44.

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.