Semus Wealth Partners LLC Lowers Position in The Home Depot, Inc. (NYSE:HD)

Semus Wealth Partners LLC lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 11.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 756 shares of the home improvement retailer’s stock after selling 101 shares during the quarter. Semus Wealth Partners LLC’s holdings in Home Depot were worth $294,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of HD. Synergy Asset Management LLC purchased a new position in Home Depot in the 4th quarter worth approximately $26,000. Wingate Wealth Advisors Inc. purchased a new position in Home Depot in the fourth quarter worth $28,000. Legacy Investment Solutions LLC bought a new position in Home Depot in the third quarter valued at $41,000. Sugar Maple Asset Management LLC purchased a new stake in Home Depot during the fourth quarter valued at about $41,000. Finally, Livelsberger Financial Advisory bought a new stake in Home Depot during the third quarter worth about $46,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Trading Down 1.6 %

NYSE:HD opened at $402.76 on Wednesday. The stock has a market cap of $400.08 billion, a price-to-earnings ratio of 27.36, a PEG ratio of 4.18 and a beta of 1.05. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The company’s 50 day moving average price is $403.70 and its 200-day moving average price is $397.03. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on HD shares. Mizuho raised their price objective on Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Wells Fargo & Company lifted their price target on shares of Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Royal Bank of Canada upped their price objective 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. Stifel Nicolaus boosted their price target on shares of Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Finally, JPMorgan Chase & Co. boosted their target price on Home Depot from $450.00 to $475.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. 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 company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.