Emerald Advisors LLC Sells 119 Shares of The Home Depot, Inc. (NYSE:HD)

Emerald Advisors LLC decreased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 3.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,489 shares of the home improvement retailer’s stock after selling 119 shares during the period. Home Depot makes up 0.2% of Emerald Advisors LLC’s investment portfolio, making the stock its 23rd largest holding. Emerald Advisors LLC’s holdings in Home Depot were worth $1,357,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Synergy Asset Management LLC purchased a new position in Home Depot during the fourth quarter valued at $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 purchased a new stake in Home Depot in the third quarter worth about $41,000. Sugar Maple Asset Management LLC bought a new position in shares of Home Depot during the fourth quarter valued at approximately $41,000. Finally, Finley Financial LLC purchased a new position in shares of Home Depot during the fourth quarter valued at approximately $59,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Truist Financial raised their price objective on Home Depot from $465.00 to $467.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. TD Cowen upped their price target on shares of Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Barclays raised their price objective on shares of Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Evercore ISI upped their target price on shares of Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Finally, Wells Fargo & Company raised their price target on shares of Home Depot from $440.00 to $450.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, seven have issued 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 a consensus target price of $433.44.

Home Depot Trading Down 2.1 %

NYSE:HD opened at $394.77 on Thursday. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The business has a fifty day moving average price of $403.17 and a 200-day moving average price of $397.01. The firm has a market capitalization of $392.15 billion, a price-to-earnings ratio of 26.82, a price-to-earnings-growth ratio of 4.18 and a beta of 1.05. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

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.