CRA Financial Services LLC Reduces Position in The Home Depot, Inc. (NYSE:HD)

CRA Financial Services LLC cut its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 6.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,341 shares of the home improvement retailer's stock after selling 1,039 shares during the period. Home Depot makes up 1.1% of CRA Financial Services LLC's holdings, making the stock its 19th biggest holding. CRA Financial Services LLC's holdings in Home Depot were worth $6,356,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in HD. Synergy Asset Management LLC bought a new stake in Home Depot in the 4th quarter worth about $26,000. Wingate Wealth Advisors Inc. bought a new position in shares of Home Depot in the fourth quarter valued at approximately $28,000. Legacy Investment Solutions LLC purchased a new stake in shares of Home Depot during the third quarter valued at approximately $41,000. Sugar Maple Asset Management LLC bought a new stake in Home Depot during the fourth quarter worth $41,000. Finally, Livelsberger Financial Advisory purchased a new position in Home Depot in the third quarter worth $46,000. 70.86% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HD has been the subject of several research analyst reports. Stifel Nicolaus raised their price target on shares of 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 upped their price target on Home Depot from $440.00 to $460.00 and gave the company a "buy" rating in a research report on Monday, October 28th. Wells Fargo & Company increased their target price on Home Depot from $440.00 to $450.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. Truist Financial increased their target price on Home Depot from $465.00 to $467.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Finally, Royal Bank of Canada increased their target price on Home Depot from $363.00 to $413.00 and gave the stock a "sector perform" rating in a research report on Monday, November 11th. 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. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $433.44.

Home Depot Price Performance

Shares of NYSE HD traded down $9.82 during trading hours on Friday, reaching $384.82. 5,284,208 shares of the stock traded hands, compared to its average volume of 3,076,670. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. The company has a market capitalization 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. The company's 50-day simple moving average is $402.77 and its two-hundred day simple moving average is $397.00. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

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.