Key Financial Inc Sells 1,622 Shares of The Home Depot, Inc. (NYSE:HD)

Key Financial Inc trimmed its position in The Home Depot, Inc. (NYSE:HD) by 36.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,885 shares of the home improvement retailer’s stock after selling 1,622 shares during the quarter. Key Financial Inc’s holdings in Home Depot were worth $1,122,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of HD. Synergy Asset Management LLC bought a new stake in Home Depot during the fourth quarter worth about $26,000. Wingate Wealth Advisors Inc. bought a new stake in Home Depot during the fourth quarter worth about $28,000. Legacy Investment Solutions LLC bought a new stake in Home Depot during the third quarter worth about $41,000. Sugar Maple Asset Management LLC bought a new stake in Home Depot during the fourth quarter worth about $41,000. Finally, Livelsberger Financial Advisory bought a new stake in Home Depot during the third quarter worth about $46,000. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Down 1.6 %

NYSE HD opened at $402.76 on Wednesday. The business has a fifty day moving average price of $403.70 and a two-hundred day moving average price of $397.03. 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 Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. The stock has a market capitalization of $400.08 billion, a PE ratio of 27.36, a PEG ratio of 4.22 and a beta of 1.05.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Truist Financial upped their target price on Home Depot from $465.00 to $467.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Bank of America boosted their price target on Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. TD Cowen boosted their price target on Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Wells Fargo & Company boosted their price target on Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Finally, Sanford C. Bernstein assumed coverage on Home Depot in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-one have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.