New York State Common Retirement Fund Sells 7,543 Shares of The Home Depot, Inc. (NYSE:HD)

New York State Common Retirement Fund trimmed its position in The Home Depot, Inc. (NYSE:HD) by 0.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,306,347 shares of the home improvement retailer’s stock after selling 7,543 shares during the period. Home Depot makes up approximately 0.7% of New York State Common Retirement Fund’s holdings, making the stock its 21st biggest holding. New York State Common Retirement Fund’s holdings in Home Depot were worth $508,156,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Synergy Asset Management LLC purchased a new position in shares of Home Depot in the 4th quarter valued at approximately $26,000. Wingate Wealth Advisors Inc. acquired a new stake in Home Depot during the 4th quarter valued at approximately $28,000. Legacy Investment Solutions LLC purchased a new stake in shares of Home Depot in the 3rd quarter valued at $41,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Home Depot in the fourth quarter worth $41,000. Finally, Livelsberger Financial Advisory purchased a new position in shares of Home Depot during the third quarter worth $46,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Price Performance

HD stock opened at $402.76 on Wednesday. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. 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 $400.08 billion, a PE ratio of 27.36, a price-to-earnings-growth ratio of 4.22 and a beta of 1.05. The business has a 50 day simple moving average of $403.70 and a 200-day simple moving average of $397.03.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Sanford C. Bernstein initiated coverage on Home Depot in a research note on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price objective for the company. 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. DA Davidson raised their price objective on shares of Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Royal Bank of Canada boosted their target price on shares of Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research note on Monday, November 11th. Finally, Evercore ISI raised their price target 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. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $433.44.

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.