The Home Depot, Inc. (NYSE:HD) Shares Bought by Capital Performance Advisors LLP

Capital Performance Advisors LLP boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 24.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 923 shares of the home improvement retailer’s stock after buying an additional 183 shares during the quarter. Capital Performance Advisors LLP’s holdings in Home Depot were worth $359,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Synergy Asset Management LLC purchased a new position in shares of Home Depot during the fourth quarter worth $26,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Home Depot during 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 purchased a new position in shares of Home Depot during the fourth quarter worth $41,000. Finally, Livelsberger Financial Advisory purchased a new position in shares of Home Depot during the third quarter worth $46,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

HD has been the subject of several research analyst reports. Royal Bank of Canada raised their price target on Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a research report on Monday, November 11th. Stifel Nicolaus lifted their target price on Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a report on Monday, November 11th. Telsey Advisory Group upgraded Home Depot from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $360.00 to $455.00 in a report on Friday, November 8th. Bank of America lifted their target price on Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Finally, DA Davidson lifted their target price on Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have assigned a buy rating to the company. According to MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and an average price target of $433.44.

Insider Transactions at Home Depot

In related news, EVP Ann Marie Campbell sold 100 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the transaction, the executive vice president now owns 12,465 shares in the company, valued at $5,018,159.70. The trade was a 0.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.10% of the company’s stock.

Home Depot Stock Down 0.7 %

HD opened at $409.47 on Monday. The business’s 50-day simple moving average is $404.49 and its 200-day simple moving average is $396.14. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The stock has a market capitalization of $406.75 billion, a P/E ratio of 27.82, a price-to-earnings-growth ratio of 4.22 and a beta of 1.05.

Home Depot 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.