Strategic Financial Concepts LLC Purchases 1,129 Shares of The Home Depot, Inc. (NYSE:HD)

Strategic Financial Concepts LLC boosted its position in The Home Depot, Inc. (NYSE:HD) by 87.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,424 shares of the home improvement retailer’s stock after buying an additional 1,129 shares during the quarter. Strategic Financial Concepts LLC’s holdings in Home Depot were worth $943,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Synergy Asset Management LLC bought a new stake in shares of Home Depot in the fourth quarter worth $26,000. Wingate Wealth Advisors Inc. acquired a new stake in Home Depot in the 4th quarter valued at $28,000. Legacy Investment Solutions LLC bought a new stake in Home Depot during the 3rd quarter worth about $41,000. Sugar Maple Asset Management LLC acquired a new position in shares of Home Depot during the 4th quarter worth about $41,000. Finally, Livelsberger Financial Advisory bought a new position in shares of Home Depot in the 3rd quarter valued at about $46,000. Institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

HD has been the topic of several analyst reports. Telsey Advisory Group raised Home Depot from a “market perform” rating to an “outperform” rating and increased their price target for the company from $360.00 to $455.00 in a research report on Friday, November 8th. Bank of America increased their price objective on Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Truist Financial boosted their target price on shares of Home Depot from $465.00 to $467.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Wells Fargo & Company increased their price target on shares of Home Depot from $440.00 to $450.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Finally, Stifel Nicolaus boosted their price objective on shares of Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price of $433.44.

Home Depot Price Performance

Shares of Home Depot stock opened at $402.76 on Wednesday. The company has a 50-day simple moving average of $404.09 and a two-hundred day simple moving average of $396.70. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. The stock has a market capitalization of $400.08 billion, a price-to-earnings ratio of 27.36, a price-to-earnings-growth ratio of 4.22 and a beta of 1.05. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

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.