BXM Wealth LLC Acquires New Stake in The Home Depot, Inc. (NYSE:HD)

BXM Wealth LLC purchased a new position in The Home Depot, Inc. (NYSE:HD - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,222 shares of the home improvement retailer's stock, valued at approximately $475,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. AMF Tjanstepension AB grew its stake in shares of Home Depot by 10.8% in the third quarter. AMF Tjanstepension AB now owns 171,005 shares of the home improvement retailer's stock worth $69,340,000 after acquiring an additional 16,650 shares during the period. SYM FINANCIAL Corp raised its stake in Home Depot by 17.8% during the 3rd quarter. SYM FINANCIAL Corp now owns 1,917 shares of the home improvement retailer's stock valued at $777,000 after buying an additional 289 shares during the last quarter. Wealth Group Ltd. bought a new position in shares of Home Depot during the 3rd quarter valued at $217,000. Creative Planning boosted its stake in shares of Home Depot by 7.0% in the 3rd quarter. Creative Planning now owns 513,327 shares of the home improvement retailer's stock worth $199,295,000 after buying an additional 33,703 shares during the last quarter. Finally, Swedbank AB grew its holdings in shares of Home Depot by 17.1% in the third quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer's stock worth $368,542,000 after acquiring an additional 132,967 shares during the period. Hedge funds and other institutional investors own 70.86% of the company's stock.

Home Depot Trading Down 2.1 %

NYSE:HD traded down $8.54 during midday trading on Wednesday, hitting $394.77. 3,694,974 shares of the company traded hands, compared to its average volume of 3,016,737. The firm has a market capitalization 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 firm's fifty day moving average is $403.70 and its 200-day moving average is $397.03. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month 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.

Analyst Ratings Changes

HD has been the topic of several research reports. Barclays raised their target price on Home Depot from $372.00 to $420.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 5th. TD Cowen raised their price objective on shares of Home Depot from $440.00 to $460.00 and gave the stock a "buy" rating in a report on Monday, October 28th. Evercore ISI upped their target price on shares of Home Depot from $420.00 to $430.00 and gave the company an "outperform" rating in a report on Wednesday, November 13th. Telsey Advisory Group upgraded shares of Home Depot from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from $360.00 to $455.00 in a research note on Friday, November 8th. 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 note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus 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.