Centricity Wealth Management LLC Purchases New Shares in The Home Depot, Inc. (NYSE:HD)

Centricity Wealth Management LLC purchased a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,280 shares of the home improvement retailer's stock, valued at approximately $498,000.

Several other large investors have also recently bought and sold shares of HD. Synergy Asset Management LLC acquired a new position in shares of Home Depot in the fourth quarter valued at about $26,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Home Depot during the 4th quarter worth approximately $28,000. Legacy Investment Solutions LLC bought a new position in shares of Home Depot during the third quarter worth approximately $41,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Home Depot in the fourth quarter valued at approximately $41,000. Finally, Finley Financial LLC bought a new stake in shares of Home Depot in the fourth quarter valued at approximately $59,000. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Down 2.5 %

Shares of NYSE:HD traded down $9.82 during trading on Friday, reaching $384.82. 5,284,208 shares of the stock were exchanged, compared to its average volume of 3,076,670. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. The stock has a fifty day moving average of $402.77 and a two-hundred day moving average of $397.00. 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 firm has a market cap of $382.26 billion, a price-to-earnings ratio of 26.14, a price-to-earnings-growth ratio of 4.04 and a beta of 1.05.

Analyst Ratings Changes

Several equities analysts have weighed in on HD shares. Royal Bank of Canada lifted their price objective on Home Depot from $363.00 to $413.00 and gave the company a "sector perform" rating in a report on Monday, November 11th. Bank of America boosted their price target on Home Depot from $425.00 to $450.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. Wells Fargo & Company increased their price objective on shares of Home Depot from $440.00 to $450.00 and gave the stock an "overweight" rating in a research note on Thursday, February 13th. 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 report on Monday, February 10th. Finally, DA Davidson increased their price target on shares of Home Depot from $430.00 to $466.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently 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.