Emerald Advisors LLC Reduces Stock Position in The Home Depot, Inc. (NYSE:HD)

Emerald Advisors LLC decreased its holdings in The Home Depot, Inc. (NYSE:HD) by 3.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,489 shares of the home improvement retailer’s stock after selling 119 shares during the period. Home Depot comprises approximately 0.2% of Emerald Advisors LLC’s holdings, making the stock its 23rd largest holding. Emerald Advisors LLC’s holdings in Home Depot were worth $1,357,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

HD has been the topic of several research reports. Mizuho raised 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. Barclays raised their price target on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Bank of America upped their price objective on shares of Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Wells Fargo & Company raised their target price on shares of Home Depot from $440.00 to $450.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Finally, 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 report on Friday, October 25th. One research 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’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $433.44.

Home Depot Stock Down 2.1 %

HD stock opened at $394.77 on Thursday. The stock has a market capitalization of $392.15 billion, a PE ratio of 26.82, a price-to-earnings-growth ratio of 4.18 and a beta of 1.05. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The firm has a 50 day moving average of $403.17 and a 200 day moving average of $397.01.

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.