Kentucky Retirement Systems Reduces Holdings in The Home Depot, Inc. (NYSE:HD)

Kentucky Retirement Systems cut its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 1.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 68,143 shares of the home improvement retailer's stock after selling 938 shares during the quarter. Home Depot comprises 0.8% of Kentucky Retirement Systems' portfolio, making the stock its 20th biggest holding. Kentucky Retirement Systems' holdings in Home Depot were worth $26,507,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. POM Investment Strategies LLC raised its position in 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 valued at $824,000 after purchasing an additional 24 shares during the last quarter. Center for Financial Planning Inc. lifted its stake 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 acquiring an additional 24 shares during the period. Insight Inv LLC increased its holdings in 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 purchasing an additional 25 shares in the last quarter. Marino Stram & Associates LLC increased its holdings in 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 purchasing an additional 25 shares in the last quarter. Finally, Live Oak Private Wealth LLC increased its holdings in 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 purchasing an additional 25 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Price Performance

Shares of Home Depot stock traded down $9.82 during trading on Friday, hitting $384.82. 5,284,208 shares of the stock traded hands, compared to its average volume of 3,076,670. 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 $382.26 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 4.04 and a beta of 1.05. The firm's fifty day moving average is $402.77 and its 200-day moving average is $397.00. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on HD shares. DA Davidson lifted their target price on Home Depot from $430.00 to $466.00 and gave the stock a "buy" rating in a report on Friday, October 25th. TD Cowen upped their price target on Home Depot from $440.00 to $460.00 and gave the stock a "buy" rating in a report on Monday, October 28th. Bank of America upped their price target on Home Depot from $425.00 to $450.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Mizuho boosted their price objective on Home Depot from $435.00 to $440.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. Finally, Stifel Nicolaus upped their price target on Home Depot from $375.00 to $400.00 and gave the company a "hold" rating in a research report on Monday, November 11th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat.com, Home Depot currently has a consensus rating of "Moderate Buy" and an average target price of $433.44.

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.