Centricity Wealth Management LLC Makes New $498,000 Investment in The Home Depot, Inc. (NYSE:HD)

Centricity Wealth Management LLC purchased a new stake in The Home Depot, Inc. (NYSE:HD) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,280 shares of the home improvement retailer’s stock, valued at approximately $498,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Trinity Legacy Partners LLC raised its holdings in Home Depot by 3.3% in the fourth quarter. Trinity Legacy Partners LLC now owns 15,554 shares of the home improvement retailer’s stock valued at $6,050,000 after acquiring an additional 502 shares in the last quarter. Financial Harvest LLC purchased a new stake in shares of Home Depot in the 4th quarter valued at approximately $226,000. Nicholson Wealth Management Group LLC increased its position in shares of Home Depot by 39.7% in the 4th quarter. Nicholson Wealth Management Group LLC now owns 4,892 shares of the home improvement retailer’s stock valued at $1,903,000 after purchasing an additional 1,389 shares during the last quarter. Prakash Investment Advisors LLC acquired a new stake in shares of Home Depot in the 4th quarter valued at $506,000. Finally, Zullo Investment Group Inc. lifted its position in shares of Home Depot by 1.5% during the 4th quarter. Zullo Investment Group Inc. now owns 8,553 shares of the home improvement retailer’s stock worth $3,327,000 after purchasing an additional 124 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Barclays increased their target price on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Telsey Advisory Group reiterated an “outperform” rating and issued a $455.00 price objective on shares of Home Depot in a report on Thursday. Mizuho boosted their target price on Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Evercore ISI increased their price target on shares of Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Finally, Bank of America raised their price objective on shares of Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. One research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $433.44.

Home Depot Stock Performance

NYSE HD opened at $394.63 on Friday. The business’s 50-day moving average price is $402.77 and its 200 day moving average price is $397.00. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. 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 capitalization of $392.01 billion, a PE ratio of 26.81, a price-to-earnings-growth ratio of 4.04 and a beta of 1.05.

About Home Depot

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.