Transcend Capital Advisors LLC Cuts Position in The Home Depot, Inc. (NYSE:HD)

Transcend Capital Advisors LLC reduced its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,765 shares of the home improvement retailer’s stock after selling 553 shares during the quarter. Home Depot accounts for 0.8% of Transcend Capital Advisors LLC’s portfolio, making the stock its 24th largest position. Transcend Capital Advisors LLC’s holdings in Home Depot were worth $11,189,000 as of its most recent SEC filing.

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

Home Depot Trading Down 2.5 %

Home Depot stock opened at $384.82 on Friday. 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 market capitalization of $382.26 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 4.04 and a beta of 1.05. The firm has a 50-day moving average price of $402.13 and a two-hundred day moving average price of $397.24.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Evercore ISI lifted their price target on shares of Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. 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 research report on Monday, November 11th. TD Cowen increased their price target on Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a report on Monday, October 28th. Mizuho lifted 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. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $455.00 target price on shares of Home Depot in a research report on Thursday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat.com, the company currently 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.