Bell Bank Increases Stake in The Home Depot, Inc. (NYSE:HD)

Bell Bank raised its stake in shares of The Home Depot, Inc. (NYSE:HD) by 15.9% during the fourth quarter, HoldingsChannel reports. The firm owned 5,046 shares of the home improvement retailer’s stock after purchasing an additional 694 shares during the quarter. Bell Bank’s holdings in Home Depot were worth $1,963,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Synergy Asset Management LLC acquired a new stake in Home Depot during the 4th quarter valued at approximately $26,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Home Depot in the fourth quarter worth $28,000. Legacy Investment Solutions LLC purchased a new position in shares of Home Depot during the third quarter worth $41,000. Sugar Maple Asset Management LLC acquired a new position in Home Depot during the fourth quarter valued at $41,000. Finally, Finley Financial LLC purchased a new stake in Home Depot in the fourth quarter valued at $59,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on HD shares. Truist Financial boosted their price objective on Home Depot from $465.00 to $467.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. TD Cowen raised their price objective on shares of Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. DA Davidson lifted their target price on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a report on Friday, October 25th. Stifel Nicolaus increased their price target on shares of Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Finally, Evercore ISI lifted their price objective on shares of Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $433.44.

Home Depot Trading Down 2.5 %

Shares of Home Depot stock opened at $384.82 on Friday. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. 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 has a market cap of $382.26 billion, a P/E ratio of 26.14, a P/E/G ratio of 4.04 and a beta of 1.05. The stock’s 50 day simple moving average is $402.13 and its 200-day simple moving average is $397.24.

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.