The Home Depot, Inc. (NYSE:HD) Shares Sold by VisionPoint Advisory Group LLC

VisionPoint Advisory Group LLC cut its position in shares of The Home Depot, Inc. (NYSE:HD) by 16.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,511 shares of the home improvement retailer’s stock after selling 487 shares during the quarter. VisionPoint Advisory Group LLC’s holdings in Home Depot were worth $975,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Pensionfund Sabic raised its holdings in shares of Home Depot by 51.4% in the 4th quarter. Pensionfund Sabic now owns 11,200 shares of the home improvement retailer’s stock worth $4,357,000 after purchasing an additional 3,800 shares in the last quarter. Swedbank AB increased its holdings in shares of Home Depot by 17.1% in the third quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer’s stock valued at $368,542,000 after buying an additional 132,967 shares in the last quarter. Wedmont Private Capital lifted its position in shares of Home Depot by 12.5% during the 4th quarter. Wedmont Private Capital now owns 13,569 shares of the home improvement retailer’s stock valued at $5,291,000 after acquiring an additional 1,506 shares during the last quarter. Johnson & White Wealth Management LLC bought a new stake in shares of Home Depot during the 4th quarter worth $1,793,000. Finally, Cerity Partners LLC grew its holdings in shares of Home Depot by 14.3% in the 3rd quarter. Cerity Partners LLC now owns 673,876 shares of the home improvement retailer’s stock worth $273,055,000 after acquiring an additional 84,062 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on HD. TD Cowen upped their target price on Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a report on Monday, October 28th. JPMorgan Chase & Co. raised their target price on shares of Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Stifel Nicolaus lifted their target price 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. DA Davidson raised their price objective on shares of Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Mizuho upped their target price on Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and an average price target of $433.44.

Home Depot Price Performance

Shares of Home Depot stock opened at $384.82 on Friday. 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 firm has a fifty day simple moving average of $402.13 and a 200-day simple moving average of $397.24. The stock has a market capitalization 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 Home Depot, Inc. has a 1-year low of $323.77 and a 1-year 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.