Edge Capital Group LLC Has $156,000 Stake in The Home Depot, Inc. (NYSE:HD)

Edge Capital Group LLC cut its position in The Home Depot, Inc. (NYSE:HD) by 97.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 400 shares of the home improvement retailer’s stock after selling 13,029 shares during the quarter. Edge Capital Group LLC’s holdings in Home Depot were worth $156,000 as of its most recent SEC filing.

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 fourth quarter valued at approximately $26,000. Wingate Wealth Advisors Inc. bought a new position in shares of Home Depot in the 4th quarter valued at $28,000. Legacy Investment Solutions LLC acquired a new position in shares of Home Depot during the 3rd quarter worth $41,000. Sugar Maple Asset Management LLC bought a new stake in shares of Home Depot during the 4th quarter worth $41,000. Finally, Marshall Investment Management LLC acquired a new stake in Home Depot in the fourth quarter valued at about $41,000. Institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on HD shares. Royal Bank of Canada boosted their target price on Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a research note on Monday, November 11th. Barclays upped their price objective on shares of Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Mizuho raised their target price on shares of Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. TD Cowen boosted their target price 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. Finally, Truist Financial increased their price target on Home Depot from $465.00 to $467.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. 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. According to data from MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus price target of $433.44.

Home Depot Price Performance

HD stock opened at $381.12 on Tuesday. 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 firm has a market cap of $378.59 billion, a price-to-earnings ratio of 25.89, a PEG ratio of 4.03 and a beta of 1.05. The company’s fifty day simple moving average is $401.53 and its 200 day simple moving average is $398.16. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37.

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.