Asset Advisors Investment Management LLC Purchases 1,175 Shares of The Home Depot, Inc. (NYSE:HD)

Asset Advisors Investment Management LLC increased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 6.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,165 shares of the home improvement retailer’s stock after purchasing an additional 1,175 shares during the quarter. Asset Advisors Investment Management LLC’s holdings in Home Depot were worth $7,455,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Synergy Asset Management LLC bought a new stake in Home Depot in the 4th quarter worth approximately $26,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Home Depot in the fourth quarter valued at $28,000. Legacy Investment Solutions LLC bought a new stake in Home Depot in the third quarter worth $41,000. Marshall Investment Management LLC bought a new stake in Home Depot in the fourth quarter worth $41,000. Finally, Sugar Maple Asset Management LLC bought a new position in Home Depot during the fourth quarter valued at $41,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of HD stock opened at $384.82 on Monday. The company has a market cap of $382.26 billion, a P/E ratio of 26.14, a PEG ratio of 4.03 and a beta of 1.05. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The stock’s 50-day moving average is $402.13 and its 200 day moving average is $397.93. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Mizuho boosted their target price on shares of Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Wells Fargo & Company boosted their price objective on 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 raised their price objective on Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research note on Monday, November 11th. Truist Financial boosted their target price on Home Depot from $465.00 to $467.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Finally, Stifel Nicolaus increased their price target on Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a report on Monday, November 11th. 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. According to data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and a consensus price target 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.