Key Financial Inc lowered its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 36.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,885 shares of the home improvement retailer's stock after selling 1,622 shares during the period. Key Financial Inc's holdings in Home Depot were worth $1,122,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Kestra Investment Management LLC lifted its stake in shares of Home Depot by 3.0% in the 4th quarter. Kestra Investment Management LLC now owns 3,379 shares of the home improvement retailer's stock valued at $1,314,000 after acquiring an additional 97 shares during the last quarter. Beta Wealth Group Inc. raised its position in Home Depot by 32.4% during the 4th quarter. Beta Wealth Group Inc. now owns 9,268 shares of the home improvement retailer's stock valued at $3,605,000 after purchasing an additional 2,269 shares during the last quarter. Braun Stacey Associates Inc. raised its position in Home Depot by 2.4% during the 4th quarter. Braun Stacey Associates Inc. now owns 53,490 shares of the home improvement retailer's stock valued at $20,807,000 after purchasing an additional 1,264 shares during the last quarter. Atria Wealth Solutions Inc. raised its position in Home Depot by 5.9% during the 4th quarter. Atria Wealth Solutions Inc. now owns 68,407 shares of the home improvement retailer's stock valued at $26,610,000 after purchasing an additional 3,786 shares during the last quarter. Finally, Provident Trust Co. raised its position in Home Depot by 45.1% during the 4th quarter. Provident Trust Co. now owns 913,663 shares of the home improvement retailer's stock valued at $355,406,000 after purchasing an additional 284,000 shares during the last quarter. Institutional investors own 70.86% of the company's stock.
Analysts Set New Price Targets
HD has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price target on Home Depot from $450.00 to $475.00 and gave the company an "overweight" rating in a research report on Monday, February 10th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $455.00 price target on shares of Home Depot in a research report on Thursday. Evercore ISI upped their price target on Home Depot from $420.00 to $430.00 and gave the company an "outperform" rating in a research report on Wednesday, November 13th. Wells Fargo & Company upped their price target on Home Depot from $440.00 to $450.00 and gave the company an "overweight" rating in a research report on Thursday, February 13th. Finally, Bank of America upped their target price on Home Depot from $425.00 to $450.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. One 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 stock. According to data from MarketBeat, Home Depot has a consensus rating of "Moderate Buy" and an average price target of $433.44.
Read Our Latest Stock Report on Home Depot
Home Depot Stock Down 2.5 %
HD traded down $9.82 during trading on Friday, hitting $384.82. 5,284,208 shares of the company's stock traded hands, compared to its average volume of 3,076,670. The company's 50 day simple moving average is $402.77 and its two-hundred day simple moving average is $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 Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37. The stock has a market capitalization of $382.26 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 4.04 and a beta of 1.05.
Home Depot Company Profile
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Free Report)
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.
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