The Home Depot, Inc. (NYSE:HD) Shares Sold by C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors cut its stake in The Home Depot, Inc. (NYSE:HD) by 1.0% during the 4th quarter, HoldingsChannel reports. The fund owned 12,801 shares of the home improvement retailer’s stock after selling 128 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in Home Depot were worth $4,980,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Kestra Investment Management LLC raised its holdings in Home Depot by 3.0% in the fourth quarter. Kestra Investment Management LLC now owns 3,379 shares of the home improvement retailer’s stock valued at $1,314,000 after acquiring an additional 97 shares in the last quarter. Beta Wealth Group Inc. raised its holdings in Home Depot by 32.4% in the fourth quarter. Beta Wealth Group Inc. now owns 9,268 shares of the home improvement retailer’s stock valued at $3,605,000 after acquiring an additional 2,269 shares in the last quarter. Braun Stacey Associates Inc. raised its holdings in Home Depot by 2.4% in the fourth quarter. Braun Stacey Associates Inc. now owns 53,490 shares of the home improvement retailer’s stock valued at $20,807,000 after acquiring an additional 1,264 shares in the last quarter. Atria Wealth Solutions Inc. raised its holdings in shares of Home Depot by 5.9% during the fourth quarter. Atria Wealth Solutions Inc. now owns 68,407 shares of the home improvement retailer’s stock worth $26,610,000 after purchasing an additional 3,786 shares during the period. Finally, Provident Trust Co. raised its holdings in shares of Home Depot by 45.1% during the fourth quarter. Provident Trust Co. now owns 913,663 shares of the home improvement retailer’s stock worth $355,406,000 after purchasing an additional 284,000 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Performance

Shares of HD opened at $402.76 on Wednesday. The firm has a 50-day moving average price of $403.70 and a 200 day moving average price of $397.03. The firm has a market capitalization of $400.08 billion, a PE ratio of 27.36, a P/E/G ratio of 4.22 and a beta of 1.05. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37.

Wall Street Analysts Forecast Growth

HD has been the topic of a number of research reports. Barclays increased their target price on shares of Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Bank of America increased their target price on shares of Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Royal Bank of Canada increased their target price on shares of Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a report on Monday, November 11th. Wells Fargo & Company increased their target price on shares of Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Finally, 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 report on Monday, February 10th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.