The Home Depot, Inc. (NYSE:HD) Shares Sold by Legacy Capital Group California Inc.

Legacy Capital Group California Inc. trimmed its position in The Home Depot, Inc. (NYSE:HD) by 27.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 862 shares of the home improvement retailer’s stock after selling 334 shares during the period. Legacy Capital Group California Inc.’s holdings in Home Depot were worth $335,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Trinity Legacy Partners LLC raised its holdings in shares of Home Depot by 3.3% in the 4th quarter. Trinity Legacy Partners LLC now owns 15,554 shares of the home improvement retailer’s stock worth $6,050,000 after purchasing an additional 502 shares in the last quarter. Financial Harvest LLC acquired a new position in Home Depot in the fourth quarter worth approximately $226,000. Nicholson Wealth Management Group LLC increased its holdings in shares of Home Depot by 39.7% in the fourth quarter. Nicholson Wealth Management Group LLC now owns 4,892 shares of the home improvement retailer’s stock valued at $1,903,000 after buying an additional 1,389 shares in the last quarter. Prakash Investment Advisors LLC acquired a new stake in shares of Home Depot during the 4th quarter valued at $506,000. Finally, Zullo Investment Group Inc. lifted its position in shares of Home Depot by 1.5% during the 4th quarter. Zullo Investment Group Inc. now owns 8,553 shares of the home improvement retailer’s stock valued at $3,327,000 after acquiring an additional 124 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HD. Bank of America boosted their target price on Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. DA Davidson upped their price objective on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research note on Friday, October 25th. 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. Truist Financial upped their price target on shares of Home Depot from $465.00 to $467.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Home Depot from $450.00 to $475.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. One research 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.com, the company has an average rating of “Moderate Buy” and a consensus price target of $433.44.

Home Depot Stock Performance

Shares of HD opened at $384.82 on Friday. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. 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 company has a market capitalization of $382.26 billion, a PE ratio of 26.14, a price-to-earnings-growth ratio of 4.04 and a beta of 1.05. The company’s fifty day moving average price is $402.13 and its 200 day moving average price is $397.24.

Home Depot Company 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.