Ieq Capital LLC Buys 7,381 Shares of The Home Depot, Inc. (NYSE:HD)

Ieq Capital LLC lifted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 8.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 98,346 shares of the home improvement retailer’s stock after purchasing an additional 7,381 shares during the period. Ieq Capital LLC’s holdings in Home Depot were worth $38,256,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Private Wealth Partners LLC raised its stake in shares of Home Depot by 0.7% during the 4th quarter. Private Wealth Partners LLC now owns 44,245 shares of the home improvement retailer’s stock worth $17,211,000 after purchasing an additional 304 shares in the last quarter. Private Advisor Group LLC raised its stake in Home Depot by 11.1% in the 4th quarter. Private Advisor Group LLC now owns 127,944 shares of the home improvement retailer’s stock valued at $49,769,000 after acquiring an additional 12,800 shares during the period. Alberta Investment Management Corp raised its stake in Home Depot by 3.5% in the 4th quarter. Alberta Investment Management Corp now owns 5,900 shares of the home improvement retailer’s stock valued at $2,295,000 after acquiring an additional 200 shares during the period. Financial Perspectives Inc raised its stake in Home Depot by 4.3% in the 4th quarter. Financial Perspectives Inc now owns 1,826 shares of the home improvement retailer’s stock valued at $710,000 after acquiring an additional 76 shares during the period. Finally, Vista Capital Partners Inc. raised its stake in Home Depot by 17.0% in the 4th quarter. Vista Capital Partners Inc. now owns 710 shares of the home improvement retailer’s stock valued at $276,000 after acquiring an additional 103 shares during the period. Institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on HD. Mizuho increased their price objective on Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Telsey Advisory Group upgraded Home Depot from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $360.00 to $455.00 in a research report on Friday, November 8th. JPMorgan Chase & Co. increased their price objective on Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Barclays increased their price objective on Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Finally, Bank of America increased their target price on Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and a consensus target price of $433.44.

Home Depot Stock Performance

Shares of HD stock opened at $394.77 on Thursday. The business’s 50-day moving average price is $403.17 and its 200-day moving average price is $397.01. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. The firm has a market capitalization of $392.15 billion, a price-to-earnings ratio of 26.82, a PEG ratio of 4.18 and a beta of 1.05. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65.

Home Depot 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.