Fingerlakes Wealth Management Inc. Trims Stake in The Home Depot, Inc. (NYSE:HD)

Fingerlakes Wealth Management Inc. decreased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,972 shares of the home improvement retailer’s stock after selling 54 shares during the period. Fingerlakes Wealth Management Inc.’s holdings in Home Depot were worth $1,156,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Private Advisor Group LLC grew its holdings in shares of Home Depot by 11.1% during the fourth quarter. Private Advisor Group LLC now owns 127,944 shares of the home improvement retailer’s stock worth $49,769,000 after buying an additional 12,800 shares in the last quarter. Alberta Investment Management Corp boosted its position in Home Depot by 3.5% during the fourth quarter. Alberta Investment Management Corp now owns 5,900 shares of the home improvement retailer’s stock worth $2,295,000 after acquiring an additional 200 shares during the last quarter. Financial Perspectives Inc grew its stake in Home Depot by 4.3% in the 4th quarter. Financial Perspectives Inc now owns 1,826 shares of the home improvement retailer’s stock worth $710,000 after acquiring an additional 76 shares during the period. Vista Capital Partners Inc. raised its holdings in Home Depot by 17.0% in the 4th quarter. Vista Capital Partners Inc. now owns 710 shares of the home improvement retailer’s stock valued at $276,000 after acquiring an additional 103 shares during the last quarter. Finally, Pegasus Asset Management Inc. lifted its stake in shares of Home Depot by 4.4% during the 4th quarter. Pegasus Asset Management Inc. now owns 5,213 shares of the home improvement retailer’s stock worth $2,028,000 after purchasing an additional 219 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Down 2.1 %

Shares of Home Depot stock opened at $394.77 on Thursday. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. The business has a 50-day moving average of $403.17 and a 200-day moving average of $397.01. The company has a market capitalization of $392.15 billion, a PE ratio of 26.82, a P/E/G ratio of 4.18 and a beta of 1.05.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. TD Cowen lifted their price objective on Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research report on Monday, October 28th. JPMorgan Chase & Co. upped their price objective on shares of Home Depot from $450.00 to $475.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Mizuho raised their target price on shares of Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Barclays upped their price target on shares of Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Finally, Bank of America lifted their price target on shares of Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a report 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 assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $433.44.

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.