Rhumbline Advisers Has $752.31 Million Holdings in The Home Depot, Inc. (NYSE:HD)

Rhumbline Advisers decreased its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 1.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,934,015 shares of the home improvement retailer's stock after selling 23,856 shares during the period. Home Depot comprises 0.7% of Rhumbline Advisers' portfolio, making the stock its 18th biggest position. Rhumbline Advisers owned about 0.19% of Home Depot worth $752,313,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on HD shares. Wells Fargo & Company raised their target price on shares of Home Depot from $440.00 to $450.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. Sanford C. Bernstein began coverage on shares of Home Depot in a research note on Tuesday, October 22nd. They issued a "market perform" rating and a $451.00 price objective on the stock. Bank of America lifted their target price on shares of Home Depot from $425.00 to $450.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Stifel Nicolaus increased their price target on Home Depot from $375.00 to $400.00 and gave the company a "hold" rating in a research note on Monday, November 11th. Finally, Barclays raised their price target on Home Depot from $372.00 to $420.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $433.44.

Home Depot Stock Down 2.1 %

NYSE:HD traded down $8.54 on Wednesday, hitting $394.77. 3,694,974 shares of the company's stock were exchanged, compared to its average volume of 3,016,737. The firm has a 50-day moving average price of $403.70 and a 200-day moving average price of $397.03. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The company has a market cap of $392.15 billion, a P/E ratio of 26.82, a price-to-earnings-growth ratio of 4.18 and a beta of 1.05.

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.