Abacus Planning Group Inc. Has $1.34 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

Abacus Planning Group Inc. lifted its position in shares of The Home Depot, Inc. (NYSE:HD) by 3.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,452 shares of the home improvement retailer’s stock after acquiring an additional 128 shares during the period. Abacus Planning Group Inc.’s holdings in Home Depot were worth $1,343,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Ieq Capital LLC lifted its holdings in shares of Home Depot by 8.1% during the fourth quarter. Ieq Capital LLC now owns 98,346 shares of the home improvement retailer’s stock worth $38,256,000 after buying an additional 7,381 shares in the last quarter. Private Wealth Partners LLC lifted its holdings in shares of Home Depot by 0.7% during the fourth quarter. Private Wealth Partners LLC now owns 44,245 shares of the home improvement retailer’s stock worth $17,211,000 after buying an additional 304 shares in the last quarter. Private Advisor Group LLC lifted its holdings in shares of Home Depot by 11.1% during the fourth quarter. Private Advisor Group LLC now owns 127,944 shares of the home improvement retailer’s stock worth $49,769,000 after buying an additional 12,800 shares in the last quarter. Alberta Investment Management Corp lifted its holdings in shares of Home Depot by 3.5% during the fourth quarter. Alberta Investment Management Corp now owns 5,900 shares of the home improvement retailer’s stock worth $2,295,000 after buying an additional 200 shares in the last quarter. Finally, Financial Perspectives Inc lifted its holdings in shares of Home Depot by 4.3% during the fourth quarter. Financial Perspectives Inc now owns 1,826 shares of the home improvement retailer’s stock worth $710,000 after buying an additional 76 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of HD opened at $394.77 on Thursday. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. 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 business’s 50 day moving average price is $403.17 and its two-hundred day moving average price is $397.01. The firm has a market cap of $392.15 billion, a PE ratio of 26.82, a price-to-earnings-growth ratio of 4.18 and a beta of 1.05.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HD. DA Davidson lifted their target price on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Evercore ISI raised their price target on Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. TD Cowen raised their price target on Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Bank of America raised their price target on Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Finally, Barclays raised their price target on Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research 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 given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $433.44.

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.