Raelipskie Partnership Cuts Position in The Home Depot, Inc. (NYSE:HD)

Raelipskie Partnership reduced its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 3.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,770 shares of the home improvement retailer’s stock after selling 212 shares during the quarter. Home Depot accounts for 1.3% of Raelipskie Partnership’s portfolio, making the stock its 16th largest position. Raelipskie Partnership’s holdings in Home Depot were worth $2,633,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Synergy Asset Management LLC purchased a new stake in shares of Home Depot during the 4th quarter valued at about $26,000. Wingate Wealth Advisors Inc. acquired a new stake in Home Depot in the fourth quarter valued at approximately $28,000. Legacy Investment Solutions LLC purchased a new stake in shares of Home Depot during the third quarter valued at approximately $41,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Home Depot during the fourth quarter valued at approximately $41,000. Finally, Livelsberger Financial Advisory acquired a new position in shares of Home Depot during the third quarter worth $46,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Activity

In related news, EVP Ann Marie Campbell sold 100 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total value of $40,258.00. Following the sale, the executive vice president now owns 12,465 shares of the company’s stock, valued at $5,018,159.70. This trade represents a 0.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

HD has been the topic of several analyst reports. DA Davidson lifted their price target 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. Barclays lifted their target price on Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Wells Fargo & Company increased their price target on Home Depot from $440.00 to $450.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Sanford C. Bernstein started coverage on Home Depot in a report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price objective on the stock. Finally, Morgan Stanley increased their target price on Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $433.44.

Home Depot Price Performance

Shares of HD opened at $409.47 on Tuesday. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month 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 stock has a fifty day moving average price of $404.49 and a 200 day moving average price of $396.34. The company has a market cap of $406.75 billion, a P/E ratio of 27.82, a PEG ratio of 4.22 and a beta of 1.05.

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.