CRA Financial Services LLC Sells 1,039 Shares of The Home Depot, Inc. (NYSE:HD)

CRA Financial Services LLC lessened its stake in shares of The Home Depot, Inc. (NYSE:HD) by 6.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,341 shares of the home improvement retailer’s stock after selling 1,039 shares during the period. Home Depot comprises approximately 1.1% of CRA Financial Services LLC’s investment portfolio, making the stock its 19th biggest holding. CRA Financial Services LLC’s holdings in Home Depot were worth $6,356,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of HD. Synergy Asset Management LLC bought a new position in Home Depot in the fourth quarter worth approximately $26,000. Wingate Wealth Advisors Inc. bought a new position in Home Depot in the fourth quarter worth approximately $28,000. Legacy Investment Solutions LLC bought a new position in Home Depot in the third quarter worth approximately $41,000. Sugar Maple Asset Management LLC bought a new position in Home Depot in the fourth quarter worth approximately $41,000. Finally, Livelsberger Financial Advisory bought a new position in Home Depot in the third quarter worth approximately $46,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of HD opened at $402.76 on Wednesday. The business’s 50-day moving average is $403.70 and its two-hundred day moving average is $397.03. The company has a market capitalization of $400.08 billion, a P/E ratio of 27.36, a P/E/G ratio of 4.22 and a beta of 1.05. 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 fifty-two week low of $323.77 and a fifty-two week high of $439.37.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Truist Financial boosted their price objective 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. Telsey Advisory Group raised shares of Home Depot from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $360.00 to $455.00 in a report on Friday, November 8th. Royal Bank of Canada lifted their price target 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. Barclays lifted their price target on shares of Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Finally, Sanford C. Bernstein initiated coverage on shares of Home Depot in a report on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 price target on the stock. One 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. According to data from MarketBeat.com, the stock has an average 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.