Buckingham Capital Management Inc. Sells 76 Shares of The Home Depot, Inc. (NYSE:HD)

Buckingham Capital Management Inc. reduced its position in The Home Depot, Inc. (NYSE:HD) by 1.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,610 shares of the home improvement retailer’s stock after selling 76 shares during the period. Buckingham Capital Management Inc.’s holdings in Home Depot were worth $2,571,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Synergy Asset Management LLC bought a new position in shares of Home Depot in the 4th quarter worth $26,000. Wingate Wealth Advisors Inc. bought a new position in shares of Home Depot in the 4th quarter worth $28,000. Legacy Investment Solutions LLC purchased a new stake in Home Depot in the 3rd quarter valued at $41,000. Sugar Maple Asset Management LLC purchased a new stake in Home Depot in the 4th quarter valued at $41,000. Finally, Livelsberger Financial Advisory purchased a new stake in Home Depot in the 3rd quarter valued at $46,000. 70.86% of the stock is currently owned by institutional investors.

Home Depot Trading Down 1.6 %

NYSE HD opened at $402.76 on Wednesday. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. The firm has a market capitalization of $400.08 billion, a PE ratio of 27.36, a P/E/G ratio of 4.22 and a beta of 1.05. The stock’s 50 day moving average is $403.70 and its 200 day moving average is $397.03.

Analysts Set New Price Targets

A number of research firms recently commented on HD. Wells Fargo & Company increased their price target on Home Depot from $440.00 to $450.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Sanford C. Bernstein began coverage on Home Depot in a research report on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 price target for the company. Telsey Advisory Group raised Home Depot from a “market perform” rating to an “outperform” rating and increased their price target for the company from $360.00 to $455.00 in a research report on Friday, November 8th. TD Cowen increased their price target on Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Finally, Mizuho increased their price target on Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. One 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 stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $433.44.

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.