Crestwood Advisors Group LLC Lowers Holdings in The Home Depot, Inc. (NYSE:HD)

Crestwood Advisors Group LLC reduced its position in shares of The Home Depot, Inc. (NYSE:HD) by 8.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 206,966 shares of the home improvement retailer’s stock after selling 19,893 shares during the quarter. Home Depot accounts for about 1.5% of Crestwood Advisors Group LLC’s investment portfolio, making the stock its 15th biggest holding. Crestwood Advisors Group LLC’s holdings in Home Depot were worth $80,508,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Synergy Asset Management LLC bought a new position in Home Depot during the fourth quarter valued at approximately $26,000. Wingate Wealth Advisors Inc. purchased a new stake in Home Depot during the 4th quarter valued at $28,000. Legacy Investment Solutions LLC bought a new position in shares of Home Depot during the 3rd quarter valued at $41,000. Sugar Maple Asset Management LLC purchased a new position in shares of Home Depot in the 4th quarter worth $41,000. Finally, Marshall Investment Management LLC purchased a new position in shares of Home Depot in the 4th quarter worth $41,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Stock Down 2.5 %

Shares of HD stock opened at $384.82 on Monday. The company’s fifty day simple moving average is $402.13 and its two-hundred day simple moving average is $397.93. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37. The stock has a market cap of $382.26 billion, a P/E ratio of 26.14, a PEG ratio of 4.03 and a beta of 1.05. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on HD shares. TD Cowen increased their target price on Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a report on Monday, October 28th. Barclays boosted their target price on shares of Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Stifel Nicolaus increased their price target on shares of Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Evercore ISI boosted their price objective on shares of Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. lifted their target price on Home Depot from $450.00 to $475.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-one have given a buy rating to the company’s stock. Based on data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus target price of $433.44.

Home Depot Company 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.