Empower Advisory Group LLC Sells 13,876 Shares of The Home Depot, Inc. (NYSE:HD)

Empower Advisory Group LLC reduced its stake in The Home Depot, Inc. (NYSE:HD) by 4.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 319,045 shares of the home improvement retailer’s stock after selling 13,876 shares during the period. Empower Advisory Group LLC’s holdings in Home Depot were worth $124,105,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Blue Chip Partners LLC boosted its stake in Home Depot by 0.4% in the 4th quarter. Blue Chip Partners LLC now owns 75,291 shares of the home improvement retailer’s stock worth $29,287,000 after purchasing an additional 318 shares during the period. Highview Capital Management LLC DE boosted its position in shares of Home Depot by 7.1% in the fourth quarter. Highview Capital Management LLC DE now owns 2,535 shares of the home improvement retailer’s stock valued at $986,000 after acquiring an additional 169 shares during the period. Woodard & Co. Asset Management Group Inc. ADV grew its stake in Home Depot by 4.5% during the fourth quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 9,392 shares of the home improvement retailer’s stock valued at $3,653,000 after acquiring an additional 407 shares in the last quarter. KLCM Advisors Inc. increased its holdings in Home Depot by 1.4% during the 4th quarter. KLCM Advisors Inc. now owns 2,829 shares of the home improvement retailer’s stock worth $1,100,000 after acquiring an additional 38 shares during the period. Finally, Catalyst Capital Advisors LLC lifted its stake in Home Depot by 12.6% in the 4th quarter. Catalyst Capital Advisors LLC now owns 3,153 shares of the home improvement retailer’s stock worth $1,226,000 after purchasing an additional 354 shares in the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Price Performance

Shares of Home Depot stock opened at $409.47 on Tuesday. 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 Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The business’s 50 day simple moving average is $404.49 and its two-hundred day simple moving average is $396.34. The stock has a market capitalization of $406.75 billion, a P/E ratio of 27.82, a price-to-earnings-growth ratio of 4.22 and a beta of 1.05.

Wall Street Analysts Forecast Growth

HD has been the subject of a number of recent analyst reports. Wells Fargo & Company boosted their price target on shares of Home Depot from $440.00 to $450.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. DA Davidson boosted their target price on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Sanford C. Bernstein assumed coverage on Home Depot in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price target for the company. Royal Bank of Canada boosted 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. Finally, Mizuho raised their target price on shares of Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. One research 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $433.44.

Insider Buying and Selling

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total transaction of $40,258.00. Following the completion of the sale, the executive vice president now owns 12,465 shares of the company’s stock, valued at $5,018,159.70. This represents a 0.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.10% of the stock is owned by insiders.

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.