Home Depot (NYSE:HD) Shares Down 1.1% - Here's What Happened

Shares of The Home Depot, Inc. (NYSE:HD - Get Free Report) fell 1.1% during trading on Friday . The stock traded as low as $390.56 and last traded at $390.29. 767,452 shares changed hands during trading, a decline of 74% from the average session volume of 2,940,080 shares. The stock had previously closed at $394.64.

Analyst Ratings Changes

Several research firms recently commented on HD. Bank of America increased their target price on shares of Home Depot from $425.00 to $450.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. Truist Financial boosted their price target on shares of Home Depot from $465.00 to $467.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Mizuho boosted their price target on shares of Home Depot from $435.00 to $440.00 and gave the company an "outperform" rating in a report on Wednesday, November 13th. Stifel Nicolaus boosted their price target on shares of Home Depot from $375.00 to $400.00 and gave the company a "hold" rating in a report on Monday, November 11th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Home Depot from $450.00 to $475.00 and gave the company an "overweight" rating in a report on Monday, February 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $433.44.

Home Depot Trading Down 1.1 %

The company's 50 day moving average price is $401.53 and its 200 day moving average price is $398.16. The company has a market cap of $378.59 billion, a price-to-earnings ratio of 25.89, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. POM Investment Strategies LLC increased its stake in shares of Home Depot by 1.1% during the 4th quarter. POM Investment Strategies LLC now owns 2,117 shares of the home improvement retailer's stock worth $824,000 after purchasing an additional 24 shares during the last quarter. Center for Financial Planning Inc. boosted its holdings in shares of Home Depot by 0.5% during the 4th 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 period. Insight Inv LLC boosted its holdings in shares of Home Depot by 2.0% during the 3rd 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 period. Marino Stram & Associates LLC boosted its holdings in shares of Home Depot by 2.3% during the 4th 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 period. Finally, Live Oak Private Wealth LLC boosted its holdings in shares of Home Depot by 0.5% during the 4th 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 period. Institutional investors and hedge funds own 70.86% of the company's stock.

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.