WealthShield Partners LLC Sells 207 Shares of The Home Depot, Inc. (NYSE:HD)

WealthShield Partners LLC decreased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,983 shares of the home improvement retailer’s stock after selling 207 shares during the period. WealthShield Partners LLC’s holdings in Home Depot were worth $5,050,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Synergy Asset Management LLC acquired a new position in Home Depot during the 4th quarter worth approximately $26,000. Wingate Wealth Advisors Inc. acquired a new position in Home Depot during the 4th quarter worth approximately $28,000. Legacy Investment Solutions LLC acquired a new position in Home Depot during the 3rd quarter worth approximately $41,000. Sugar Maple Asset Management LLC acquired a new position in Home Depot during the 4th quarter worth approximately $41,000. Finally, Marshall Investment Management LLC acquired a new position in Home Depot during the 4th quarter worth approximately $41,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

NYSE:HD opened at $384.82 on Monday. 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 business has a fifty day simple moving average of $402.13 and a two-hundred day simple moving average of $397.93. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The company has a market capitalization of $382.26 billion, a P/E ratio of 26.14, a P/E/G ratio of 4.03 and a beta of 1.05.

Analyst Ratings Changes

A number of research firms recently weighed in on HD. Mizuho upped their price target on Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Telsey Advisory Group restated an “outperform” rating and issued a $455.00 target price on shares of Home Depot in a report on Thursday. Evercore ISI raised their target price on Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Truist Financial raised their target price on Home Depot from $465.00 to $467.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Finally, Bank of America raised 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. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average 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.