Curi RMB Capital LLC Raises Position in The Home Depot, Inc. (NYSE:HD)

Curi RMB Capital LLC increased its holdings in The Home Depot, Inc. (NYSE:HD) by 1.8% in the third quarter, Holdings Channel.com reports. The firm owned 37,342 shares of the home improvement retailer’s stock after purchasing an additional 657 shares during the period. Curi RMB Capital LLC’s holdings in Home Depot were worth $15,131,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in HD. Fairway Wealth LLC purchased a new position in shares of Home Depot during the 2nd quarter worth about $25,000. Kings Path Partners LLC acquired a new position in Home Depot during the second quarter worth approximately $33,000. Livelsberger Financial Advisory purchased a new position in Home Depot during the third quarter worth approximately $46,000. Denver PWM LLC acquired a new position in shares of Home Depot in the 2nd quarter valued at $40,000. Finally, Abich Financial Wealth Management LLC grew its stake in shares of Home Depot by 68.0% during the 1st quarter. Abich Financial Wealth Management LLC now owns 126 shares of the home improvement retailer’s stock valued at $48,000 after buying an additional 51 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Trading Up 1.8 %

NYSE:HD opened at $410.39 on Thursday. The company has a market cap of $407.64 billion, a PE ratio of 27.88, a P/E/G ratio of 2.79 and a beta of 1.01. The business’s 50 day moving average is $397.67 and its two-hundred day moving average is $365.56. The company has a quick ratio of 0.33, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 52 week low of $300.14 and a 52 week high of $421.56.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.14. The business had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business’s revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the company posted $3.81 EPS. On average, analysts predict that The Home Depot, Inc. will post 14.99 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. UBS Group increased their target price on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Evercore ISI lifted their price objective on Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research note on Wednesday. Wells Fargo & Company increased their target price on shares of Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. DA Davidson lifted their price target on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Truist Financial increased their price objective on shares of Home Depot from $459.00 to $465.00 and gave the stock a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $426.00.

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.