Cumberland Partners Ltd Boosts Holdings in The Home Depot, Inc. (NYSE:HD)

Cumberland Partners Ltd increased its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 2.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 79,608 shares of the home improvement retailer's stock after purchasing an additional 2,234 shares during the period. Home Depot accounts for approximately 2.2% of Cumberland Partners Ltd's holdings, making the stock its 15th largest position. Cumberland Partners Ltd's holdings in Home Depot were worth $30,967,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on HD shares. Barclays upped their price target on shares of Home Depot from $372.00 to $420.00 and gave the company an "overweight" rating in a research note on Tuesday, November 5th. DA Davidson raised their target price on shares of Home Depot from $430.00 to $466.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Stifel Nicolaus lifted their price target on shares of Home Depot from $375.00 to $400.00 and gave the company a "hold" rating in a research report on Monday, November 11th. Royal Bank of Canada increased their price target 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. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $455.00 price objective on shares of Home Depot in a report on Thursday. 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, Home Depot currently has an average rating of "Moderate Buy" and an average target price of $433.44.

Home Depot Stock Down 2.7 %

Shares of NYSE HD traded down $10.60 during trading on Friday, reaching $384.04. The company had a trading volume of 3,004,073 shares, compared to its average volume of 3,002,329. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The stock has a market cap of $381.49 billion, a PE ratio of 26.16, a P/E/G ratio of 4.04 and a beta of 1.05. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37. The business's 50-day moving average is $402.77 and its 200 day moving average is $397.00.

Home Depot 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.