FDx Advisors Inc. Sells 85 Shares of The Home Depot, Inc. (NYSE:HD)

FDx Advisors Inc. decreased its stake in The Home Depot, Inc. (NYSE:HD) by 7.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,101 shares of the home improvement retailer’s stock after selling 85 shares during the quarter. FDx Advisors Inc.’s holdings in Home Depot were worth $428,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Synergy Asset Management LLC bought a new position in Home Depot during the fourth quarter worth about $26,000. Wingate Wealth Advisors Inc. bought a new position in Home Depot during the fourth quarter worth about $28,000. Legacy Investment Solutions LLC bought a new position in Home Depot during the third quarter worth about $41,000. Sugar Maple Asset Management LLC bought a new position in Home Depot during the fourth quarter worth about $41,000. Finally, Finley Financial LLC bought a new position in Home Depot during the fourth quarter worth about $59,000. Institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on HD. Truist Financial lifted their price target on Home Depot from $465.00 to $467.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. DA Davidson lifted their price target on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Stifel Nicolaus lifted their price target on Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Bank of America boosted their price objective on Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. boosted their price objective on Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $433.44.

Home Depot Stock Down 0.2 %

Shares of HD opened at $394.63 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 market cap of $392.01 billion, a P/E ratio of 26.81, a P/E/G ratio of 4.12 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. The firm has a 50 day simple moving average of $402.77 and a two-hundred day simple moving average of $397.00.

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.