The Home Depot, Inc. (NYSE:HD) Position Boosted by Strategic Advisors LLC

Strategic Advisors LLC raised its position in The Home Depot, Inc. (NYSE:HD) by 16.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,382 shares of the home improvement retailer’s stock after purchasing an additional 5,993 shares during the quarter. Home Depot accounts for approximately 3.0% of Strategic Advisors LLC’s portfolio, making the stock its 8th largest holding. Strategic Advisors LLC’s holdings in Home Depot were worth $16,875,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of HD. Synergy Asset Management LLC purchased a new stake in shares of Home Depot during the 4th quarter valued at about $26,000. Wingate Wealth Advisors Inc. purchased a new stake in Home Depot during the 4th quarter worth approximately $28,000. Legacy Investment Solutions LLC purchased a new stake in Home Depot during the 3rd quarter worth approximately $41,000. Sugar Maple Asset Management LLC purchased a new stake in Home Depot during the 4th quarter worth approximately $41,000. Finally, Livelsberger Financial Advisory purchased a new stake in Home Depot during the 3rd quarter worth approximately $46,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Home Depot

In other news, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total transaction of $40,258.00. Following the transaction, the executive vice president now owns 12,465 shares in the company, valued at approximately $5,018,159.70. The trade was a 0.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.10% of the stock is owned by insiders.

Home Depot Stock Down 0.7 %

HD opened at $409.47 on Monday. The stock’s fifty day moving average is $404.49 and its 200-day moving average is $396.14. The company has a market capitalization of $406.75 billion, a PE ratio of 27.82, 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 one year low of $323.77 and a one year high of $439.37.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. TD Cowen lifted their price objective on Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a report on Monday, October 28th. JPMorgan Chase & Co. lifted their price objective on Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Morgan Stanley lifted their target price on Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Stifel Nicolaus lifted their target price on Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Finally, DA Davidson lifted their target price on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and an average target price of $433.44.

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.