Callahan Advisors LLC Grows Stake in The Home Depot, Inc. (NYSE:HD)

Callahan Advisors LLC lifted its position in The Home Depot, Inc. (NYSE:HD) by 109.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 8,286 shares of the home improvement retailer’s stock after purchasing an additional 4,337 shares during the period. Callahan Advisors LLC’s holdings in Home Depot were worth $3,223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Synergy Asset Management LLC bought a new position in Home Depot in the 4th quarter worth $26,000. Wingate Wealth Advisors Inc. bought a new position in Home Depot in the 4th quarter worth $28,000. Legacy Investment Solutions LLC bought a new position in Home Depot in the 3rd quarter worth $41,000. Sugar Maple Asset Management LLC bought a new position in Home Depot in the 4th quarter worth $41,000. Finally, Livelsberger Financial Advisory bought a new position in Home Depot in the 3rd quarter worth $46,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HD. Wells Fargo & Company raised their target price on Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Telsey Advisory Group raised Home Depot from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $360.00 to $455.00 in a report on Friday, November 8th. Truist Financial raised their target price on Home Depot from $465.00 to $467.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. raised their price target on Home Depot from $450.00 to $475.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Finally, Barclays raised their price target on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $433.44.

Home Depot Trading Down 1.6 %

HD opened at $402.76 on Wednesday. The firm has a market cap of $400.08 billion, a P/E ratio of 27.36, a P/E/G ratio of 4.22 and a beta of 1.05. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 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. The stock has a 50-day moving average of $403.70 and a 200 day moving average of $397.03.

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.