Royal London Asset Management Ltd. cut its holdings in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) by 4.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 391,876 shares of the home improvement retailer’s stock after selling 19,286 shares during the period. Royal London Asset Management Ltd.’s holdings in Home Depot were worth $108,356,000 at the end of the most recent quarter.

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A number of other large investors have also bought and sold shares of the business. Oliver Lagore Vanvalin Investment Group boosted its stake in Home Depot by 5.4% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 648 shares of the home improvement retailer’s stock valued at $178,000 after purchasing an additional 33 shares during the period. Personal CFO Solutions LLC boosted its stake in Home Depot by 1.2% during the 2nd quarter. Personal CFO Solutions LLC now owns 2,872 shares of the home improvement retailer’s stock valued at $788,000 after purchasing an additional 35 shares during the period. Westshore Wealth LLC boosted its stake in Home Depot by 2.8% during the 3rd quarter. Westshore Wealth LLC now owns 1,300 shares of the home improvement retailer’s stock valued at $359,000 after purchasing an additional 35 shares during the period. Bridge Advisory LLC raised its holdings in Home Depot by 1.5% in the 3rd quarter. Bridge Advisory LLC now owns 2,507 shares of the home improvement retailer’s stock valued at $692,000 after acquiring an additional 36 shares in the last quarter. Finally, Folger Nolan Fleming Douglas Capital Management Inc. raised its holdings in Home Depot by 0.6% in the 3rd quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 5,873 shares of the home improvement retailer’s stock valued at $1,621,000 after acquiring an additional 36 shares in the last quarter. 68.31% of the stock is currently owned by institutional investors.

Home Depot Trading Down 2.1 %

Shares of NYSE:HD traded down $6.79 during midday trading on Friday, hitting $314.45. The company had a trading volume of 1,718,776 shares, compared to its average volume of 3,084,800. The Home Depot, Inc. has a 12 month low of $264.51 and a 12 month high of $350.60. The company has a current ratio of 1.39, a quick ratio of 0.33 and a debt-to-equity ratio of 32.16. The stock has a market cap of $321.91 billion, a price-to-earnings ratio of 19.36, a PEG ratio of 1.66 and a beta of 0.93. The firm has a fifty day simple moving average of $321.47 and a 200 day simple moving average of $306.08.

Home Depot (NYSE:HD – Get Rating) last posted its quarterly earnings results on Tuesday, November 15th. The home improvement retailer reported $4.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.11 by $0.13. Home Depot had a negative return on equity of 3,656.69% and a net margin of 10.87%. The business had revenue of $38.87 billion for the quarter, compared to analyst estimates of $37.96 billion. During the same period last year, the company earned $3.92 EPS. The firm’s revenue was up 5.6% on a year-over-year basis. On average, analysts predict that The Home Depot, Inc. will post 16.63 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on HD shares. Cowen upped their price target on Home Depot from $350.00 to $379.00 and gave the company an “outperform” rating in a report on Tuesday, December 13th. Piper Sandler cut their price target on Home Depot from $320.00 to $300.00 in a report on Wednesday. MKM Partners dropped their target price on Home Depot from $330.00 to $312.00 in a report on Wednesday, November 9th. Sanford C. Bernstein assumed coverage on Home Depot in a report on Tuesday, December 6th. They issued a “market perform” rating and a $337.00 target price for the company. Finally, TheStreet raised Home Depot from a “c+” rating to a “b” rating in a report on Tuesday, November 15th. Ten equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $339.65.

Home Depot Company Profile

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The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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