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

Pring Turner Capital Group Inc. cut its stake in shares of The Home Depot, Inc. (NYSE:HD) by 1.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 14,902 shares of the home improvement retailer’s stock after selling 274 shares during the period. Home Depot comprises approximately 3.9% of Pring Turner Capital Group Inc.’s portfolio, making the stock its 6th largest holding. Pring Turner Capital Group Inc.’s holdings in Home Depot were worth $5,797,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. AMF Tjanstepension AB lifted its stake in Home Depot by 10.8% during the third quarter. AMF Tjanstepension AB now owns 171,005 shares of the home improvement retailer’s stock worth $69,340,000 after purchasing an additional 16,650 shares during the last quarter. SYM FINANCIAL Corp lifted its stake in Home Depot by 17.8% during the third quarter. SYM FINANCIAL Corp now owns 1,917 shares of the home improvement retailer’s stock worth $777,000 after purchasing an additional 289 shares during the last quarter. Wealth Group Ltd. purchased a new stake in Home Depot during the third quarter worth approximately $217,000. Swedbank AB lifted its stake in Home Depot by 17.1% during the third quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer’s stock worth $368,542,000 after purchasing an additional 132,967 shares during the last quarter. Finally, Parcion Private Wealth LLC lifted its stake in Home Depot by 6.8% during the third quarter. Parcion Private Wealth LLC now owns 16,425 shares of the home improvement retailer’s stock worth $6,655,000 after purchasing an additional 1,042 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HD has been the subject of a number of research reports. Barclays boosted their price objective on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Wells Fargo & Company boosted their price objective on Home Depot from $440.00 to $450.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Telsey Advisory Group reiterated an “outperform” rating and issued a $455.00 price objective on shares of Home Depot in a research note on Thursday, February 20th. Evercore ISI boosted their price objective on Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Finally, Mizuho boosted their price objective on Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. One investment 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 company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $433.44.

Home Depot Trading Down 1.1 %

Shares of HD stock opened at $381.12 on Tuesday. The business’s fifty day moving average price is $401.53 and its 200 day moving average price is $398.16. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. The firm has a market capitalization of $378.59 billion, a PE ratio of 25.89, a P/E/G ratio of 4.03 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.

Home Depot 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.