The Home Depot, Inc. (NYSE:HD) Stock Position Raised by Wealthspire Advisors LLC

Wealthspire Advisors LLC lifted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 9.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 23,717 shares of the home improvement retailer’s stock after acquiring an additional 1,959 shares during the quarter. Wealthspire Advisors LLC’s holdings in Home Depot were worth $9,226,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of HD. Synergy Asset Management LLC purchased a new stake in shares of Home Depot in the fourth quarter valued at $26,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of Home Depot in the fourth quarter valued at $28,000. Legacy Investment Solutions LLC purchased a new stake in shares of Home Depot in the third quarter valued at $41,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Home Depot in the fourth quarter valued at $41,000. Finally, Marshall Investment Management LLC purchased a new stake in shares of Home Depot in the fourth quarter valued at $41,000. 70.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Telsey Advisory Group restated an “outperform” rating and issued a $455.00 target price on shares of Home Depot in a report on Thursday. Stifel Nicolaus increased their price objective on Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Barclays increased their price objective on Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. 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 report on Monday, February 10th. Finally, Bank of America increased their price objective on Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-one have given a buy rating to the company’s stock. According to data from MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price of $433.44.

Home Depot Stock Down 2.5 %

HD stock opened at $384.82 on Friday. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. The company has a market cap of $382.26 billion, a PE ratio of 26.14, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. The business’s 50-day simple moving average is $402.13 and its 200 day simple moving average is $397.54. The company has a quick ratio of 0.31, a current ratio of 1.13 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.