Grove Street Fiduciary LLC Invests $446,000 in The Home Depot, Inc. (NYSE:HD)

Grove Street Fiduciary LLC bought a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,146 shares of the home improvement retailer's stock, valued at approximately $446,000.

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

Home Depot Price Performance

Shares of HD traded down $9.82 on Friday, reaching $384.82. The stock had a trading volume of 5,284,208 shares, compared to its average volume of 3,076,670. The firm has a 50-day moving average of $402.77 and a 200 day moving average of $397.00. The firm has a market capitalization of $382.26 billion, a PE ratio of 26.14, a PEG ratio of 4.04 and a beta of 1.05. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

Analyst Ratings Changes

A number of research analysts recently issued reports on HD shares. Mizuho lifted their price target on shares of Home Depot from $435.00 to $440.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 13th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $455.00 price objective on shares of Home Depot in a research report on Thursday. TD Cowen increased their target price on Home Depot from $440.00 to $460.00 and gave the company a "buy" rating in a report on Monday, October 28th. JPMorgan Chase & Co. raised their price target on Home Depot from $450.00 to $475.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. Finally, Wells Fargo & Company upped their price objective 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 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's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price 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.