Peoples Bank OH Sells 696 Shares of The Home Depot, Inc. (NYSE:HD)

Peoples Bank OH lessened its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 20.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,702 shares of the home improvement retailer's stock after selling 696 shares during the quarter. Peoples Bank OH's holdings in Home Depot were worth $1,051,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HD. Synergy Asset Management LLC purchased a new stake in shares of Home Depot during the 4th quarter worth about $26,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Home Depot during the 4th quarter valued at $28,000. Legacy Investment Solutions LLC purchased a new stake in Home Depot during the 3rd quarter worth $41,000. Sugar Maple Asset Management LLC acquired a new stake in Home Depot in the 4th quarter valued at $41,000. Finally, Finley Financial LLC purchased a new position in Home Depot in the fourth quarter valued at about $59,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Performance

Home Depot stock traded down $9.82 on Friday, hitting $384.82. The company's stock had a trading volume of 5,284,208 shares, compared to its average volume of 3,076,670. The company has a fifty day moving average price of $402.77 and a 200-day moving average price of $397.00. 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 firm has a market cap of $382.26 billion, a P/E ratio of 26.14, a price-to-earnings-growth ratio of 4.04 and a beta of 1.05. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37.

Analyst Upgrades and Downgrades

HD has been the subject of several analyst reports. DA Davidson upped their target price on shares of Home Depot from $430.00 to $466.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Royal Bank of Canada increased their price target on Home Depot from $363.00 to $413.00 and gave the stock a "sector perform" rating in a research report on Monday, November 11th. Wells Fargo & Company upped their price objective on Home Depot from $440.00 to $450.00 and gave the stock an "overweight" rating in a research note on Thursday, February 13th. Barclays raised their price target on shares of Home Depot from $372.00 to $420.00 and gave the company an "overweight" rating in a research note on Tuesday, November 5th. Finally, Telsey Advisory Group restated an "outperform" rating and set a $455.00 price target on shares of Home Depot in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat.com, Home Depot currently has an average rating of "Moderate Buy" and a consensus price target of $433.44.

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.