Financial Perspectives Inc Increases Stock Position in The Home Depot, Inc. (NYSE:HD)

Financial Perspectives Inc boosted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 4.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,826 shares of the home improvement retailer’s stock after buying an additional 76 shares during the quarter. Financial Perspectives Inc’s holdings in Home Depot were worth $710,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Synergy Asset Management LLC bought a new position in Home Depot during the fourth quarter worth about $26,000. Wingate Wealth Advisors Inc. bought a new position in Home Depot during the fourth quarter worth about $28,000. Legacy Investment Solutions LLC bought a new position in Home Depot during the third quarter worth about $41,000. Sugar Maple Asset Management LLC bought a new position in Home Depot during the fourth quarter worth about $41,000. Finally, Finley Financial LLC bought a new position in Home Depot during the fourth quarter worth about $59,000. Institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Barclays increased their price target on shares of Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Truist Financial raised their target price on shares of Home Depot from $465.00 to $467.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. JPMorgan Chase & Co. lifted their price target on shares of Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Telsey Advisory Group upgraded shares of 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. Finally, Mizuho lifted their price target on shares of Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. One 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 data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $433.44.

Home Depot Price Performance

Shares of NYSE:HD opened at $394.77 on Thursday. The company has a market cap of $392.15 billion, a P/E ratio of 26.82, a P/E/G 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. The business has a fifty day simple moving average of $403.17 and a 200-day simple moving average of $397.01.

About Home Depot

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.