Prakash Investment Advisors LLC Invests $506,000 in The Home Depot, Inc. (NYSE:HD)

Prakash Investment Advisors LLC acquired a new position in The Home Depot, Inc. (NYSE:HD) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,300 shares of the home improvement retailer’s stock, valued at approximately $506,000.

Several other institutional investors have also recently made changes to their positions in the stock. Zullo Investment Group Inc. raised its stake in shares of Home Depot by 1.5% in the fourth quarter. Zullo Investment Group Inc. now owns 8,553 shares of the home improvement retailer’s stock worth $3,327,000 after buying an additional 124 shares during the period. Boston Financial Mangement LLC grew its position in shares of Home Depot by 1.4% during the fourth quarter. Boston Financial Mangement LLC now owns 49,103 shares of the home improvement retailer’s stock worth $19,100,000 after purchasing an additional 663 shares in the last quarter. RW Investment Management LLC grew its position in shares of Home Depot by 3.6% during the fourth quarter. RW Investment Management LLC now owns 1,111 shares of the home improvement retailer’s stock worth $432,000 after purchasing an additional 39 shares in the last quarter. Advyzon Investment Management LLC purchased a new stake in shares of Home Depot during the fourth quarter worth about $825,000. Finally, Handelsbanken Fonder AB grew its position in shares of Home Depot by 6.6% during the fourth quarter. Handelsbanken Fonder AB now owns 368,236 shares of the home improvement retailer’s stock worth $143,240,000 after purchasing an additional 22,720 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

HD has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their target price on Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. DA Davidson increased their target price on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Evercore ISI increased their target price 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 increased their target price on Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Finally, Wells Fargo & Company increased their target price on Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $433.44.

Home Depot Price Performance

Shares of Home Depot stock opened at $394.63 on Friday. The stock has a market cap of $392.01 billion, a price-to-earnings ratio of 26.81, a price-to-earnings-growth ratio of 4.12 and a beta of 1.05. 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 stock has a 50 day moving average price of $402.77 and a 200-day moving average price of $397.00. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37.

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.