TCW Group Inc. Lowers Stock Position in The Home Depot, Inc. (NYSE:HD)

TCW Group Inc. trimmed its position in The Home Depot, Inc. (NYSE:HD) by 77.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,471 shares of the home improvement retailer’s stock after selling 206,237 shares during the period. TCW Group Inc.’s holdings in Home Depot were worth $23,912,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Synergy Asset Management LLC purchased a new position in Home Depot in the 4th quarter valued at $26,000. Wingate Wealth Advisors Inc. purchased a new position in Home Depot in the 4th quarter valued at $28,000. Legacy Investment Solutions LLC purchased a new position in Home Depot in the 3rd quarter valued at $41,000. Sugar Maple Asset Management LLC purchased a new position in Home Depot in the 4th quarter valued at $41,000. Finally, Finley Financial LLC purchased a new position in Home Depot in the 4th quarter valued at $59,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HD has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Home Depot from $450.00 to $475.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. TD Cowen raised 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. Mizuho raised their target price on Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Truist Financial raised their target price on Home Depot from $465.00 to $467.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Finally, Barclays raised their target price on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. One 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 data from MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and an average price target of $433.44.

Home Depot Trading Down 2.5 %

Home Depot stock opened at $384.82 on Friday. The stock has a market cap of $382.26 billion, a PE ratio of 26.14, a P/E/G ratio of 4.03 and a beta of 1.05. The stock has a 50-day moving average price of $402.13 and a 200 day moving average price of $397.54. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65.

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.