Home Depot (NYSE:HD) Shares Down 0.7% - What's Next?

The Home Depot, Inc. (NYSE:HD - Get Free Report) fell 0.7% during trading on Monday . The company traded as low as $408.56 and last traded at $409.47. 3,001,846 shares were traded during trading, an increase of 0% from the average session volume of 2,987,510 shares. The stock had previously closed at $412.43.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. TD Cowen upped 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. 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 note on Monday, February 10th. Royal Bank of Canada raised their target price on Home Depot from $363.00 to $413.00 and gave the company a "sector perform" rating in a research report on Monday, November 11th. Mizuho upped their price target on Home Depot from $435.00 to $440.00 and gave the company an "outperform" rating in a research report on Wednesday, November 13th. Finally, Barclays increased their price target on Home Depot from $372.00 to $420.00 and gave the stock an "overweight" rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have issued a buy rating to the company's stock. According to MarketBeat.com, Home Depot has an average rating of "Moderate Buy" and a consensus price target of $433.44.

Home Depot Trading Down 2.5 %

The stock has a 50 day simple moving average of $402.77 and a 200-day simple moving average of $397.00. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The firm has a market capitalization of $382.26 billion, a P/E ratio of 26.14, a P/E/G ratio of 4.04 and a beta of 1.05.

Hedge Funds Weigh In On Home Depot

Large investors have recently bought and sold shares of the business. Norges Bank acquired a new position in shares of Home Depot during the fourth quarter worth $5,032,910,000. International Assets Investment Management LLC boosted its position in shares of Home Depot by 51,250.1% during the 3rd quarter. International Assets Investment Management LLC now owns 8,779,833 shares of the home improvement retailer's stock valued at $35,575,880,000 after acquiring an additional 8,762,735 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Home Depot during the fourth quarter worth $2,212,546,000. Proficio Capital Partners LLC increased its position in shares of Home Depot by 21,394.9% in the 4th quarter. Proficio Capital Partners LLC now owns 2,039,862 shares of the home improvement retailer's stock valued at $793,486,000 after purchasing an additional 2,030,372 shares during the last quarter. Finally, Northern Trust Corp grew its stake in Home Depot by 13.3% during the 4th quarter. Northern Trust Corp now owns 12,149,890 shares of the home improvement retailer's stock worth $4,726,186,000 after buying an additional 1,424,857 shares during the last quarter. Hedge funds and other institutional investors 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.