The Home Depot, Inc. (NYSE:HD) Stake Trimmed by Indie Asset Partners LLC

Indie Asset Partners LLC cut its position in shares of The Home Depot, Inc. (NYSE:HD) by 13.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,252 shares of the home improvement retailer’s stock after selling 198 shares during the quarter. Indie Asset Partners LLC’s holdings in Home Depot were worth $487,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Synergy Asset Management LLC acquired a new position in Home Depot in the 4th quarter worth approximately $26,000. Wingate Wealth Advisors Inc. acquired a new stake in Home Depot during the 4th quarter worth about $28,000. Legacy Investment Solutions LLC purchased a new stake in shares of Home Depot in the third quarter worth approximately $41,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Home Depot during the fourth quarter worth approximately $41,000. Finally, Finley Financial LLC purchased a new position in Home Depot during the fourth quarter valued at approximately $59,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. DA Davidson upped their price target on shares of Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Stifel Nicolaus raised their price target on Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Telsey Advisory Group reissued an “outperform” rating and issued a $455.00 price target on shares of Home Depot in a research note on Thursday. Royal Bank of Canada raised their price objective on shares of Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research report on Monday, November 11th. Finally, Wells Fargo & Company increased their price target on shares of Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $433.44.

Home Depot Price Performance

Shares of HD stock opened at $384.82 on Friday. The company has a market capitalization of $382.26 billion, a P/E ratio of 26.14, a P/E/G ratio of 4.04 and a beta of 1.05. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. The stock has a 50 day moving average of $402.13 and a two-hundred day moving average of $397.24.

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.