Moisand Fitzgerald Tamayo LLC Cuts Stock Position in The Home Depot, Inc. (NYSE:HD)

Moisand Fitzgerald Tamayo LLC cut its holdings in The Home Depot, Inc. (NYSE:HD) by 8.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,518 shares of the home improvement retailer’s stock after selling 141 shares during the quarter. Moisand Fitzgerald Tamayo LLC’s holdings in Home Depot were worth $590,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in HD. Synergy Asset Management LLC purchased a new stake in shares of Home Depot during the fourth quarter worth approximately $26,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of Home Depot during the fourth quarter worth approximately $28,000. Legacy Investment Solutions LLC purchased a new stake in shares of Home Depot during the third quarter worth approximately $41,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Home Depot during the fourth quarter worth approximately $41,000. Finally, Marshall Investment Management LLC purchased a new stake in shares of Home Depot during the fourth quarter worth approximately $41,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Price Performance

HD opened at $384.82 on Monday. The stock’s 50-day moving average price is $402.13 and its 200 day moving average price is $397.93. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37. 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 firm has a market cap of $382.26 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 4.03 and a beta of 1.05.

Analyst Ratings Changes

Several analysts recently commented on HD shares. TD Cowen boosted their price target on Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Telsey Advisory Group reissued an “outperform” rating and set a $455.00 price objective on shares of Home Depot in a research note on Thursday. Barclays boosted their price objective on Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Stifel Nicolaus boosted their price objective on Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Finally, 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 research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $433.44.

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.