Transcendent Capital Group LLC Has $77,000 Stock Position in The Home Depot, Inc. (NYSE:HD)

Transcendent Capital Group LLC lowered its position in shares of The Home Depot, Inc. (NYSE:HD) by 77.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 198 shares of the home improvement retailer’s stock after selling 683 shares during the quarter. Transcendent Capital Group LLC’s holdings in Home Depot were worth $77,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in 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 in the 4th quarter worth about $28,000. Legacy Investment Solutions LLC acquired a new stake in Home Depot during the 3rd quarter worth about $41,000. Sugar Maple Asset Management LLC purchased a new position in Home Depot during the 4th quarter valued at about $41,000. Finally, Marshall Investment Management LLC acquired a new position in shares of Home Depot in the 4th quarter valued at about $41,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on HD shares. Evercore ISI raised their price target on shares of Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. TD Cowen lifted their target price on shares of Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Bank of America upped their price target on shares of Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Mizuho lifted their price objective on Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Finally, Truist Financial upped their target price on Home Depot from $465.00 to $467.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $433.44.

Home Depot Stock Down 1.1 %

NYSE HD opened at $381.12 on Tuesday. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. 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 stock has a market cap of $378.59 billion, a PE ratio of 25.89, a PEG ratio of 4.03 and a beta of 1.05. The firm has a 50-day simple moving average of $401.53 and a 200 day simple moving average of $398.16.

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.