The Home Depot, Inc. (NYSE:HD) Shares Purchased by Private Advisor Group LLC

Private Advisor Group LLC raised its position in The Home Depot, Inc. (NYSE:HD) by 11.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 127,944 shares of the home improvement retailer’s stock after buying an additional 12,800 shares during the period. Private Advisor Group LLC’s holdings in Home Depot were worth $49,769,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Synergy Asset Management LLC purchased a new position in shares of Home Depot in the fourth quarter worth about $26,000. Wingate Wealth Advisors Inc. purchased a new position in Home Depot in the 4th quarter worth approximately $28,000. Legacy Investment Solutions LLC acquired a new position in shares of Home Depot during the 3rd quarter worth approximately $41,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Home Depot in the fourth quarter valued at approximately $41,000. Finally, Finley Financial LLC purchased a new position in Home Depot during the fourth quarter worth approximately $59,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Stock Down 2.1 %

Home Depot stock opened at $394.77 on Thursday. The firm has a market capitalization of $392.15 billion, a P/E ratio of 26.82, a P/E/G ratio of 4.18 and a beta of 1.05. The stock’s fifty day simple moving average is $403.17 and its 200-day simple moving average is $397.01. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65.

Analyst Upgrades and Downgrades

Several analysts have issued reports on HD shares. Truist Financial upped their target price on Home Depot from $465.00 to $467.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Barclays lifted their target price on shares of Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Royal Bank of Canada increased their price target on shares of Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research note on Monday, November 11th. Bank of America lifted their price target on shares of Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Finally, Evercore ISI increased their price objective on Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. One equities research 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, Home Depot presently has an average rating of “Moderate Buy” and an average price target of $433.44.

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.