The Home Depot, Inc. (NYSE:HD) Stake Lessened by SNS Financial Group LLC

SNS Financial Group LLC cut its stake in The Home Depot, Inc. (NYSE:HD) by 8.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,879 shares of the home improvement retailer’s stock after selling 179 shares during the period. SNS Financial Group LLC’s holdings in Home Depot were worth $731,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. AMF Tjanstepension AB boosted its holdings in Home Depot by 10.8% during the third quarter. AMF Tjanstepension AB now owns 171,005 shares of the home improvement retailer’s stock worth $69,340,000 after buying an additional 16,650 shares in the last quarter. SYM FINANCIAL Corp lifted its position in shares of Home Depot by 17.8% in the 3rd quarter. SYM FINANCIAL Corp now owns 1,917 shares of the home improvement retailer’s stock valued at $777,000 after acquiring an additional 289 shares in the last quarter. Wealth Group Ltd. purchased a new stake in shares of Home Depot in the 3rd quarter valued at approximately $217,000. Swedbank AB lifted its position in shares of Home Depot by 17.1% in the 3rd quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer’s stock valued at $368,542,000 after acquiring an additional 132,967 shares in the last quarter. Finally, Foundations Investment Advisors LLC lifted its position in shares of Home Depot by 66.6% in the 3rd quarter. Foundations Investment Advisors LLC now owns 20,194 shares of the home improvement retailer’s stock valued at $8,182,000 after acquiring an additional 8,075 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Performance

NYSE:HD opened at $394.77 on Thursday. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The firm’s fifty day simple moving average is $403.17 and its 200 day simple moving average is $397.01. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The firm has a market capitalization of $392.15 billion, a PE ratio of 26.82, a PEG ratio of 4.18 and a beta of 1.05.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Stifel Nicolaus upped their price target on shares of Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Royal Bank of Canada upped their price target on shares of Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. increased their target price on shares of Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Truist Financial increased their target price on shares of Home Depot from $465.00 to $467.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Finally, Mizuho increased 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. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $433.44.

About Home Depot

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.