Wealthgarden F.S. LLC Sells 6,775 Shares of The Home Depot, Inc. (NYSE:HD)

Wealthgarden F.S. LLC lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 91.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 648 shares of the home improvement retailer’s stock after selling 6,775 shares during the period. Wealthgarden F.S. LLC’s holdings in Home Depot were worth $252,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. POM Investment Strategies LLC increased its holdings in Home Depot by 1.1% in the fourth quarter. POM Investment Strategies LLC now owns 2,117 shares of the home improvement retailer’s stock valued at $824,000 after buying an additional 24 shares in the last quarter. Center for Financial Planning Inc. raised its position in shares of Home Depot by 0.5% in the fourth quarter. Center for Financial Planning Inc. now owns 4,653 shares of the home improvement retailer’s stock valued at $1,810,000 after buying an additional 24 shares during the last quarter. Insight Inv LLC grew its stake in Home Depot by 2.0% during the 3rd quarter. Insight Inv LLC now owns 1,246 shares of the home improvement retailer’s stock valued at $505,000 after acquiring an additional 25 shares in the last quarter. Marino Stram & Associates LLC grew its position in shares of Home Depot by 2.3% in the fourth quarter. Marino Stram & Associates LLC now owns 1,108 shares of the home improvement retailer’s stock valued at $431,000 after purchasing an additional 25 shares in the last quarter. Finally, Live Oak Private Wealth LLC grew its holdings in Home Depot by 0.5% in the 4th quarter. Live Oak Private Wealth LLC now owns 4,915 shares of the home improvement retailer’s stock valued at $1,912,000 after buying an additional 25 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of NYSE HD opened at $384.82 on Friday. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The company has a market cap of $382.26 billion, a PE ratio of 26.14, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. The company has a 50-day simple moving average of $402.13 and a 200-day simple moving average of $397.54. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Stifel Nicolaus raised their target price on Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. TD Cowen boosted their price objective on shares of Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Evercore ISI increased their price objective on Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Barclays raised their price target on Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Home Depot from $450.00 to $475.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. One 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average 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.