Navellier & Associates Inc. Grows Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Navellier & Associates Inc. lifted its holdings in The Home Depot, Inc. (NYSE:HD) by 14.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 4,839 shares of the home improvement retailer’s stock after purchasing an additional 593 shares during the period. Navellier & Associates Inc.’s holdings in Home Depot were worth $1,882,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Wealth Management Nebraska purchased a new stake in shares of Home Depot in the 4th quarter worth approximately $221,000. Prentice Wealth Management LLC lifted its position in shares of Home Depot by 3.1% in the 4th quarter. Prentice Wealth Management LLC now owns 1,977 shares of the home improvement retailer’s stock worth $769,000 after purchasing an additional 60 shares during the period. Bell Bank lifted its position in shares of Home Depot by 15.9% in the 4th quarter. Bell Bank now owns 5,046 shares of the home improvement retailer’s stock worth $1,963,000 after purchasing an additional 694 shares during the period. Dividend Assets Capital LLC lifted its position in shares of Home Depot by 4.9% in the 4th quarter. Dividend Assets Capital LLC now owns 1,934 shares of the home improvement retailer’s stock worth $752,000 after purchasing an additional 90 shares during the period. Finally, Hudson Edge Investment Partners Inc. lifted its position in shares of Home Depot by 2.0% in the 4th quarter. Hudson Edge Investment Partners Inc. now owns 16,080 shares of the home improvement retailer’s stock worth $6,255,000 after purchasing an additional 320 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

HD has been the subject of several research reports. JPMorgan Chase & Co. upped their price target on shares of Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Wells Fargo & Company boosted their price objective 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. Bank of America boosted their price objective on shares of Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. 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. Finally, DA Davidson boosted their price objective on shares of Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $433.44.

Home Depot Stock Down 2.5 %

NYSE:HD opened at $384.82 on Friday. The firm has a market capitalization of $382.26 billion, a P/E ratio of 26.14, a PEG ratio of 4.04 and a beta of 1.05. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. The company’s fifty day moving average price is $402.13 and its 200-day moving average price is $397.24. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

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.