Meixler Investment Management Ltd. Lowers Position in The Home Depot, Inc. (NYSE:HD)

Meixler Investment Management Ltd. lessened its position in The Home Depot, Inc. (NYSE:HD) by 0.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,122 shares of the home improvement retailer’s stock after selling 28 shares during the quarter. Home Depot makes up about 0.9% of Meixler Investment Management Ltd.’s investment portfolio, making the stock its 24th largest holding. Meixler Investment Management Ltd.’s holdings in Home Depot were worth $1,214,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in HD. Synergy Asset Management LLC purchased a new position in Home Depot during the fourth quarter valued at $26,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Home Depot in the 4th quarter worth $28,000. Legacy Investment Solutions LLC bought a new stake in shares of Home Depot in the 3rd quarter worth $41,000. Sugar Maple Asset Management LLC bought a new stake in shares of Home Depot in the 4th quarter worth $41,000. Finally, Livelsberger Financial Advisory bought a new stake in shares of Home Depot in the 3rd quarter worth $46,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total transaction of $40,258.00. Following the sale, the executive vice president now directly owns 12,465 shares in the company, valued at $5,018,159.70. This represents a 0.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.10% of the company’s stock.

Home Depot Price Performance

NYSE:HD opened at $409.47 on Monday. 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 company has a market capitalization of $406.75 billion, a P/E ratio of 27.82, a P/E/G ratio of 4.22 and a beta of 1.05. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. The business’s 50-day moving average is $404.49 and its 200 day moving average is $396.14.

Wall Street Analyst Weigh In

HD has been the subject of a number of research analyst reports. Evercore ISI lifted their target price on Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Barclays lifted their price objective on Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Mizuho boosted their price target on Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Bank of America boosted their price target on Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Finally, Wells Fargo & Company boosted their price target on Home Depot from $440.00 to $450.00 and gave the company an “overweight” rating in a report on Thursday. One investment 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. Based on data from MarketBeat, the stock 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.