The Home Depot, Inc. (NYSE:HD) Shares Sold by Good Life Advisors LLC

Good Life Advisors LLC reduced its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 56.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,512 shares of the home improvement retailer's stock after selling 7,124 shares during the quarter. Good Life Advisors LLC's holdings in Home Depot were worth $2,144,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. POM Investment Strategies LLC raised its holdings in shares of 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 worth $824,000 after buying an additional 24 shares during the last quarter. Center for Financial Planning Inc. raised its holdings 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 worth $1,810,000 after buying an additional 24 shares during the last quarter. Insight Inv LLC raised its holdings in shares of Home Depot by 2.0% in the third quarter. Insight Inv LLC now owns 1,246 shares of the home improvement retailer's stock worth $505,000 after buying an additional 25 shares during the last quarter. Marino Stram & Associates LLC raised its holdings 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 worth $431,000 after buying an additional 25 shares during the last quarter. Finally, Live Oak Private Wealth LLC raised its holdings in shares of Home Depot by 0.5% in the fourth quarter. Live Oak Private Wealth LLC now owns 4,915 shares of the home improvement retailer's stock worth $1,912,000 after buying an additional 25 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on HD. DA Davidson raised their price target 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. Wells Fargo & Company raised their price target on shares of Home Depot from $440.00 to $450.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. Truist Financial increased their price objective on shares of Home Depot from $465.00 to $467.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Bank of America increased their price objective on shares of Home Depot from $425.00 to $450.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. Finally, TD Cowen increased their price objective on shares of Home Depot from $440.00 to $460.00 and gave the stock a "buy" rating in a research note on Monday, October 28th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $433.44.

Home Depot Price Performance

Shares of HD stock traded down $9.71 on Friday, reaching $384.93. 2,753,496 shares of the company were exchanged, compared to its average volume of 2,987,616. The company has a market cap of $382.37 billion, a price-to-earnings ratio of 26.14, a P/E/G ratio of 4.04 and a beta of 1.05. The business has a 50-day moving average price of $402.77 and a 200 day moving average price of $397.00. 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 Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37.

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.