Mengis Capital Management Inc. Sells 1,376 Shares of The Home Depot, Inc. (NYSE:HD)

Mengis Capital Management Inc. reduced its stake in The Home Depot, Inc. (NYSE:HD) by 11.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,147 shares of the home improvement retailer’s stock after selling 1,376 shares during the period. Mengis Capital Management Inc.’s holdings in Home Depot were worth $3,947,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Home Depot in the 3rd quarter worth about $336,231,000. FMR LLC grew its holdings in Home Depot by 10.1% during the 3rd quarter. FMR LLC now owns 8,679,237 shares of the home improvement retailer’s stock valued at $3,516,827,000 after buying an additional 795,438 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in Home Depot by 295.6% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 693,318 shares of the home improvement retailer’s stock valued at $280,932,000 after acquiring an additional 518,054 shares in the last quarter. Strategic Financial Concepts LLC raised its position in shares of Home Depot by 37,025.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 480,780 shares of the home improvement retailer’s stock valued at $187,019,000 after buying an additional 479,485 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Home Depot by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 21,700,427 shares of the home improvement retailer’s stock worth $8,767,449,000 after acquiring an additional 433,126 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Royal Bank of Canada raised their price objective on Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research report on Monday, November 11th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $455.00 target price on shares of Home Depot in a research note on Thursday, February 20th. Truist Financial upped their price target on Home Depot from $465.00 to $467.00 and gave the stock a “buy” rating in a research note 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, 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 note on Tuesday, November 5th. One 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 company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $433.44.

Home Depot Price Performance

HD stock opened at $381.12 on Tuesday. 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 firm has a market capitalization of $378.59 billion, a PE ratio of 25.89, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. The business has a 50 day simple moving average of $401.53 and a 200-day simple moving average of $398.16. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37.

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.