Traction Financial Partners LLC Takes $211,000 Position in The Home Depot, Inc. (NYSE:HD)

Traction Financial Partners LLC bought a new position in shares of The Home Depot, Inc. (NYSE:HD) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 520 shares of the home improvement retailer’s stock, valued at approximately $211,000.

Several other large investors also recently bought and sold shares of HD. Lifeworks Advisors LLC raised its holdings in shares of Home Depot by 9.0% in the 3rd quarter. Lifeworks Advisors LLC now owns 4,049 shares of the home improvement retailer’s stock valued at $1,641,000 after purchasing an additional 333 shares in the last quarter. Intelligence Driven Advisers LLC increased its holdings in Home Depot by 8.5% in the third quarter. Intelligence Driven Advisers LLC now owns 1,639 shares of the home improvement retailer’s stock valued at $664,000 after buying an additional 129 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its stake in Home Depot by 7.8% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 27,340 shares of the home improvement retailer’s stock valued at $11,078,000 after buying an additional 1,970 shares in the last quarter. Black Swift Group LLC lifted its holdings in Home Depot by 16.7% during the 3rd quarter. Black Swift Group LLC now owns 10,500 shares of the home improvement retailer’s stock worth $4,255,000 after buying an additional 1,500 shares during the last quarter. Finally, Metis Global Partners LLC boosted its position in shares of Home Depot by 2.5% during the 3rd quarter. Metis Global Partners LLC now owns 58,941 shares of the home improvement retailer’s stock worth $23,883,000 after acquiring an additional 1,465 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on HD shares. TD Cowen upped their target price on shares of Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a report on Monday, October 28th. UBS Group raised their price objective on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Melius Research began coverage on Home Depot in a research report on Monday, September 23rd. They set a “buy” rating and a $420.00 target price on the stock. DA Davidson raised their price target on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Mizuho boosted their price objective on Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat, Home Depot has an average rating of “Moderate Buy” and an average price target of $426.00.

Home Depot Stock Down 0.1 %

Shares of HD stock traded down $0.54 during trading hours on Thursday, reaching $409.65. The company had a trading volume of 571,089 shares, compared to its average volume of 3,369,642. The stock’s fifty day simple moving average is $397.67 and its 200 day simple moving average is $365.56. The company has a market capitalization of $406.90 billion, a P/E ratio of 27.86, a price-to-earnings-growth ratio of 2.79 and a beta of 1.01. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.33 and a current ratio of 1.13. The Home Depot, Inc. has a twelve month low of $302.34 and a twelve month high of $421.56.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, topping analysts’ consensus estimates of $3.64 by $0.14. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. During the same quarter in the previous year, the business posted $3.81 EPS. The firm’s revenue was up 6.6% compared to the same quarter last year. As a group, sell-side analysts expect that The Home Depot, Inc. will post 14.99 earnings per share for the current fiscal year.

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.