Wealth Management Nebraska Invests $221,000 in The Home Depot, Inc. (NYSE:HD)

Wealth Management Nebraska purchased a new stake in The Home Depot, Inc. (NYSE:HD) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 569 shares of the home improvement retailer’s stock, valued at approximately $221,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Synergy Asset Management LLC bought a new stake in Home Depot during the fourth quarter worth about $26,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Home Depot during the 4th quarter worth approximately $28,000. Legacy Investment Solutions LLC bought a new stake in shares of Home Depot during the 3rd quarter worth approximately $41,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Home Depot in the 4th quarter valued at approximately $41,000. Finally, Finley Financial LLC bought a new position in shares of Home Depot in the fourth quarter valued at $59,000. 70.86% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of 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 upped their target price on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a report on Friday, October 25th. Barclays lifted their price target on Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Royal Bank of Canada upped their price objective on Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research note on Monday, November 11th. Finally, Stifel Nicolaus lifted their target price on 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 issued a hold rating and twenty-one have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $433.44.

Home Depot Trading Down 2.5 %

Shares of HD stock opened at $384.82 on Friday. The stock has a 50 day simple moving average of $402.13 and a 200 day simple moving average of $397.24. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The stock has a market cap of $382.26 billion, a P/E ratio of 26.14, a price-to-earnings-growth ratio of 4.04 and a beta of 1.05.

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.