The Home Depot, Inc. (NYSE:HD) Shares Sold by Lincluden Management Ltd.

Lincluden Management Ltd. lowered its position in shares of The Home Depot, Inc. (NYSE:HD) by 0.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 14,459 shares of the home improvement retailer’s stock after selling 57 shares during the quarter. Lincluden Management Ltd.’s holdings in Home Depot were worth $5,624,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HD. Synergy Asset Management LLC acquired a new stake in shares of Home Depot in the fourth quarter worth $26,000. Wingate Wealth Advisors Inc. purchased a new stake in Home Depot during the 4th quarter worth $28,000. Legacy Investment Solutions LLC purchased a new stake in Home Depot during the 3rd quarter worth $41,000. Sugar Maple Asset Management LLC acquired a new stake in Home Depot in the 4th quarter valued at $41,000. Finally, Marshall Investment Management LLC purchased a new position in Home Depot in the fourth quarter valued at about $41,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Down 1.1 %

HD stock opened at $381.12 on Tuesday. The firm has a fifty day moving average price of $401.53 and a two-hundred day moving average price of $398.16. 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 1-year low of $323.77 and a 1-year high of $439.37. The firm has a market cap of $378.59 billion, a price-to-earnings ratio of 25.89, a PEG ratio of 4.03 and a beta of 1.05.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Bank of America upped their target price on Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. TD Cowen upped their price target on Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Truist Financial lifted their price objective on shares of Home Depot from $465.00 to $467.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Royal Bank of Canada upped 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 lifted their price target on shares of Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. One equities 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.