Dover Advisors LLC Sells 202 Shares of The Home Depot, Inc. (NYSE:HD)

Dover Advisors LLC decreased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 4.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,574 shares of the home improvement retailer’s stock after selling 202 shares during the quarter. Dover Advisors LLC’s holdings in Home Depot were worth $1,779,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Conscious Wealth Investments LLC increased its holdings in shares of Home Depot by 8.0% during the 4th quarter. Conscious Wealth Investments LLC now owns 17,875 shares of the home improvement retailer’s stock valued at $7,318,000 after acquiring an additional 1,318 shares during the last quarter. Cape ANN Savings Bank boosted its position in Home Depot by 6.0% during the fourth quarter. Cape ANN Savings Bank now owns 1,143 shares of the home improvement retailer’s stock worth $445,000 after purchasing an additional 65 shares during the period. Colonial River Investments LLC grew its holdings in Home Depot by 0.9% during the fourth quarter. Colonial River Investments LLC now owns 4,123 shares of the home improvement retailer’s stock valued at $1,604,000 after purchasing an additional 38 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Home Depot during the fourth quarter valued at approximately $4,836,000. Finally, Partners Wealth Management LLC bought a new position in shares of Home Depot in the fourth quarter valued at approximately $327,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Down 2.5 %

Shares of NYSE:HD opened at $384.82 on Monday. The company’s fifty day moving average is $402.13 and its 200-day moving average is $397.93. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37. The company has a market capitalization of $382.26 billion, a PE ratio of 26.14, a P/E/G ratio of 4.03 and a beta of 1.05.

Analysts Set New Price Targets

HD has been the subject of several recent analyst reports. Royal Bank of Canada upped their price objective 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. Stifel Nicolaus upped their price target on shares of Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a report on Monday, November 11th. Evercore ISI lifted their price objective on Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Mizuho increased their target price on Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Finally, Barclays raised their target price on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and an average target price of $433.44.

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.