Philip James Wealth Mangement LLC Cuts Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Philip James Wealth Mangement LLC trimmed its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 10.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,496 shares of the home improvement retailer's stock after selling 1,464 shares during the period. Philip James Wealth Mangement LLC's holdings in Home Depot were worth $4,861,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Synergy Asset Management LLC bought a new stake in Home Depot in the fourth quarter valued at about $26,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Home Depot in the fourth quarter valued at approximately $28,000. Legacy Investment Solutions LLC bought a new position in shares of Home Depot during the third quarter worth approximately $41,000. Sugar Maple Asset Management LLC bought a new position in shares of Home Depot during the fourth quarter worth approximately $41,000. Finally, Livelsberger Financial Advisory bought a new position in Home Depot during the 3rd quarter worth $46,000. 70.86% of the stock is owned by institutional investors.

Home Depot Trading Down 2.2 %

NYSE HD traded down $8.88 during trading hours on Wednesday, hitting $394.43. 2,254,450 shares of the company's stock were exchanged, compared to its average volume of 2,967,522. 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 1-year low of $323.77 and a 1-year high of $439.37. The stock has a 50-day simple moving average of $403.70 and a 200 day simple moving average of $397.03. The firm has a market cap of $391.81 billion, a price-to-earnings ratio of 26.82, a PEG ratio of 4.18 and a beta of 1.05.

Analyst Ratings Changes

Several equities research analysts recently weighed in on HD shares. DA Davidson raised their price objective on Home Depot from $430.00 to $466.00 and gave the company a "buy" rating in a report on Friday, October 25th. Bank of America upped their target price on Home Depot from $425.00 to $450.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. increased their price objective on Home Depot from $450.00 to $475.00 and gave the stock an "overweight" rating in a research report on Monday, February 10th. Sanford C. Bernstein started coverage on Home Depot in a research note on Tuesday, October 22nd. They issued a "market perform" rating and a $451.00 target price on the stock. Finally, Stifel Nicolaus lifted their target price 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. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat, Home Depot presently has a consensus rating of "Moderate Buy" and a consensus price target 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.