Sigma Investment Counselors Inc. Sells 124 Shares of The Home Depot, Inc. (NYSE:HD)

Sigma Investment Counselors Inc. decreased its position in The Home Depot, Inc. (NYSE:HD) by 3.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 3,077 shares of the home improvement retailer’s stock after selling 124 shares during the period. Sigma Investment Counselors Inc.’s holdings in Home Depot were worth $1,197,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. AMF Tjanstepension AB raised its stake in shares of Home Depot by 10.8% during the 3rd quarter. AMF Tjanstepension AB now owns 171,005 shares of the home improvement retailer’s stock worth $69,340,000 after purchasing an additional 16,650 shares in the last quarter. SYM FINANCIAL Corp raised its stake in shares of Home Depot by 17.8% during the 3rd quarter. SYM FINANCIAL Corp now owns 1,917 shares of the home improvement retailer’s stock worth $777,000 after purchasing an additional 289 shares in the last quarter. Wealth Group Ltd. bought a new stake in shares of Home Depot during the 3rd quarter worth approximately $217,000. Swedbank AB raised its stake in shares of Home Depot by 17.1% during the 3rd quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer’s stock worth $368,542,000 after purchasing an additional 132,967 shares in the last quarter. Finally, Asset Planning Services Inc. LA ADV raised its stake in shares of Home Depot by 1.4% during the 3rd quarter. Asset Planning Services Inc. LA ADV now owns 18,912 shares of the home improvement retailer’s stock worth $7,664,000 after purchasing an additional 269 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of HD stock opened at $384.82 on Friday. 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 Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. The company has a market cap of $382.26 billion, a P/E ratio of 26.14, a P/E/G ratio of 4.03 and a beta of 1.05. The business has a fifty day simple moving average of $402.13 and a 200 day simple moving average of $397.54.

Wall Street Analysts Forecast Growth

HD has been the topic of a number of analyst reports. TD Cowen upped their price objective on Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Royal Bank of Canada boosted 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. Truist Financial boosted their target price on Home Depot from $465.00 to $467.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Stifel Nicolaus boosted their target price on Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Finally, JPMorgan Chase & Co. boosted their target price on Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. One equities 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price 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.