Valley Wealth Managers Inc. Has $4.15 Million Holdings in The Home Depot, Inc. (NYSE:HD)

Valley Wealth Managers Inc. decreased its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 10.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,655 shares of the home improvement retailer's stock after selling 1,285 shares during the quarter. Valley Wealth Managers Inc.'s holdings in Home Depot were worth $4,145,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently 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 about $26,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Home Depot during the fourth quarter valued at about $28,000. Legacy Investment Solutions LLC bought a new stake in shares of Home Depot during the third quarter valued at about $41,000. Sugar Maple Asset Management LLC bought a new stake in Home Depot in the fourth quarter worth about $41,000. Finally, Livelsberger Financial Advisory bought a new stake in Home Depot in the third quarter worth about $46,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on HD shares. Evercore ISI boosted their price target on shares of Home Depot from $420.00 to $430.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. Stifel Nicolaus boosted their price target on shares of Home Depot from $375.00 to $400.00 and gave the stock a "hold" rating in a research report on Monday, November 11th. Bank of America boosted their price objective on Home Depot from $425.00 to $450.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Wells Fargo & Company boosted their price objective on Home Depot from $440.00 to $450.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. Finally, Royal Bank of Canada boosted their price objective on Home Depot from $363.00 to $413.00 and gave the stock a "sector perform" rating in a report on Monday, November 11th. One equities research 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 company. Based on data from MarketBeat.com, Home Depot has a consensus rating of "Moderate Buy" and an average price target of $433.44.

Home Depot Stock Performance

Home Depot stock traded down $9.82 during trading hours on Friday, reaching $384.82. 5,284,208 shares of the company were exchanged, compared to its average volume of 3,076,670. The firm 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 company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The stock has a 50-day moving average of $402.77 and a 200 day moving average of $397.00. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37.

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.