Parthenon LLC Sells 275 Shares of The Home Depot, Inc. (NYSE:HD)

Parthenon LLC lowered its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,566 shares of the home improvement retailer’s stock after selling 275 shares during the period. Home Depot makes up 1.1% of Parthenon LLC’s investment portfolio, making the stock its 27th largest holding. Parthenon LLC’s holdings in Home Depot were worth $9,167,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Synergy Asset Management LLC purchased a new position in shares of Home Depot in the 4th quarter worth about $26,000. Wingate Wealth Advisors Inc. purchased a new position in Home Depot in the fourth quarter worth about $28,000. Legacy Investment Solutions LLC bought a new position in shares of Home Depot in the third quarter worth 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, Finley Financial LLC bought a new stake in shares of Home Depot during the fourth quarter valued at approximately $59,000. Institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Barclays increased their target price on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Royal Bank of Canada lifted their price objective on Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a report on Monday, November 11th. Telsey Advisory Group upgraded shares of Home Depot from a “market perform” rating to an “outperform” rating and upped their target price for the company from $360.00 to $455.00 in a research note on Friday, November 8th. Truist Financial lifted their price target on shares of Home Depot from $465.00 to $467.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Finally, TD Cowen increased their price objective on shares of Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $433.44.

Home Depot Trading Down 2.1 %

Home Depot stock opened at $394.77 on Thursday. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The firm’s 50 day moving average price is $403.17 and its 200-day moving average price is $397.01. 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 market cap of $392.15 billion, a P/E ratio of 26.82, a PEG ratio of 4.18 and a beta of 1.05.

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.