BHK Investment Advisors LLC Sells 49 Shares of The Home Depot, Inc. (NYSE:HD)

BHK Investment Advisors LLC lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 6.6% during the 4th quarter, Holdings Channel reports. The firm owned 695 shares of the home improvement retailer’s stock after selling 49 shares during the period. BHK Investment Advisors LLC’s holdings in Home Depot were worth $270,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Synergy Asset Management LLC bought a new stake in shares of Home Depot during the fourth quarter valued at approximately $26,000. Wingate Wealth Advisors Inc. purchased a new position in Home Depot during the fourth quarter valued at $28,000. Legacy Investment Solutions LLC bought a new stake in Home Depot in the 3rd quarter valued at $41,000. Sugar Maple Asset Management LLC purchased a new stake in Home Depot in the 4th quarter worth $41,000. Finally, Marshall Investment Management LLC bought a new position in shares of Home Depot during the 4th quarter valued at about $41,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Royal Bank of Canada lifted their target price on Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a report on Monday, November 11th. Evercore ISI lifted their price objective on Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Mizuho upped their price objective on Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Stifel Nicolaus raised their target price on shares of Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a report on Monday, November 11th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $455.00 price target on shares of Home Depot in a research report on Thursday, February 20th. One 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, the company currently has a consensus rating of “Moderate Buy” and an average price target of $433.44.

Home Depot Trading Down 1.1 %

Shares of NYSE HD opened at $381.12 on Tuesday. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The company 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 business’s 50 day moving average price is $401.53 and its 200-day moving average price is $398.16.

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.