Wealth Alliance Purchases 140 Shares of The Home Depot, Inc. (NYSE:HD)

Wealth Alliance lifted its position in The Home Depot, Inc. (NYSE:HD) by 2.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,859 shares of the home improvement retailer’s stock after acquiring an additional 140 shares during the quarter. Wealth Alliance’s holdings in Home Depot were worth $2,279,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Synergy Asset Management LLC bought a new stake in shares of Home Depot in the 4th quarter worth about $26,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Home Depot in the 4th quarter worth about $28,000. Legacy Investment Solutions LLC bought a new stake in shares of Home Depot in the 3rd quarter worth about $41,000. Sugar Maple Asset Management LLC purchased a new position in Home Depot in the 4th quarter worth about $41,000. Finally, Finley Financial LLC purchased a new position in Home Depot in the 4th quarter worth about $59,000. Institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on HD shares. Barclays raised their price target on shares of Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Bank of America raised their price target on shares of Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. TD Cowen raised their price target on shares of Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Truist Financial raised their price target on shares of Home Depot from $465.00 to $467.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Finally, Stifel Nicolaus raised their price target 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 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 company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $433.44.

Home Depot Stock Down 2.1 %

HD stock opened at $394.77 on Thursday. The firm has a 50 day moving average of $403.17 and a 200 day moving average of $397.01. The stock has a market capitalization 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. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37.

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.