Atria Wealth Solutions Inc. Acquires 3,786 Shares of The Home Depot, Inc. (NYSE:HD)

Atria Wealth Solutions Inc. boosted its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 5.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,407 shares of the home improvement retailer's stock after buying an additional 3,786 shares during the period. Atria Wealth Solutions Inc.'s holdings in Home Depot were worth $26,610,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of HD. Synergy Asset Management LLC purchased a new position in Home Depot in the 4th quarter valued at approximately $26,000. Wingate Wealth Advisors Inc. purchased a new position in Home Depot in the 4th quarter valued at approximately $28,000. Legacy Investment Solutions LLC purchased a new position in Home Depot in the 3rd quarter valued at approximately $41,000. Sugar Maple Asset Management LLC purchased a new position in Home Depot in the 4th quarter valued at approximately $41,000. Finally, Livelsberger Financial Advisory purchased a new position in Home Depot in the 3rd quarter valued at approximately $46,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Trading Down 2.5 %

Shares of NYSE:HD traded down $9.82 on Friday, reaching $384.82. 5,284,208 shares of the company traded hands, compared to its average volume of 3,076,670. The stock has a market capitalization 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. The business's 50-day simple moving average is $402.13 and its 200 day simple moving average is $397.24. 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 Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on HD shares. Truist Financial lifted their price objective 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. DA Davidson lifted their price objective on shares of Home Depot from $430.00 to $466.00 and gave the company a "buy" rating in a research note on Friday, October 25th. JPMorgan Chase & Co. boosted their price target on shares of Home Depot from $450.00 to $475.00 and gave the company an "overweight" rating in a research report on Monday, February 10th. Stifel Nicolaus boosted their price target on shares of Home Depot from $375.00 to $400.00 and gave the company a "hold" rating in a research report on Monday, November 11th. Finally, Mizuho boosted their price target on shares of Home Depot from $435.00 to $440.00 and gave the company an "outperform" rating in a research report on Wednesday, November 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. Based on data from MarketBeat, Home Depot has a consensus rating of "Moderate Buy" and an average price target 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.