Financial Management Network Inc. Has $2 Million Holdings in The Home Depot, Inc. (NYSE:HD)

Financial Management Network Inc. reduced its holdings in The Home Depot, Inc. (NYSE:HD) by 2.9% during the 4th quarter, Holdings Channel reports. The fund owned 5,136 shares of the home improvement retailer’s stock after selling 151 shares during the quarter. Financial Management Network Inc.’s holdings in Home Depot were worth $1,999,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Synergy Asset Management LLC bought a new position in Home Depot in the 4th quarter worth approximately $26,000. Wingate Wealth Advisors Inc. bought a new position in Home Depot in the 4th quarter worth approximately $28,000. Legacy Investment Solutions LLC bought a new position in Home Depot in the 3rd quarter worth approximately $41,000. Sugar Maple Asset Management LLC bought a new position in Home Depot in the 4th quarter worth approximately $41,000. Finally, Finley Financial LLC bought a new position in Home Depot in the 4th quarter worth approximately $59,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HD. Barclays boosted their price objective on shares of Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. upped their target price on shares of Home Depot from $450.00 to $475.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Telsey Advisory Group upgraded shares of Home Depot from a “market perform” rating to an “outperform” rating and upped their target price for the company from $360.00 to $455.00 in a research report on Friday, November 8th. Truist Financial upped their target price on shares of Home Depot from $465.00 to $467.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Finally, Evercore ISI upped their target price on shares of Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $433.44.

Home Depot Price Performance

Shares of NYSE HD opened at $394.77 on Thursday. The firm has a market cap of $392.15 billion, a PE ratio of 26.82, a PEG ratio of 4.18 and a beta of 1.05. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. The company has a fifty day moving average price of $403.17 and a 200 day moving average price of $397.01.

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.