Beta Wealth Group Inc. Boosts Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Beta Wealth Group Inc. grew its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 32.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,268 shares of the home improvement retailer's stock after buying an additional 2,269 shares during the quarter. Home Depot accounts for approximately 1.6% of Beta Wealth Group Inc.'s holdings, making the stock its 21st biggest holding. Beta Wealth Group Inc.'s holdings in Home Depot were worth $3,605,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Synergy Asset Management LLC purchased a new position in shares of Home Depot in the 4th quarter worth approximately $26,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of Home Depot in the fourth quarter valued at $28,000. Legacy Investment Solutions LLC purchased a new stake in shares of Home Depot in the third quarter valued at $41,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Home Depot in the fourth quarter valued at $41,000. Finally, Livelsberger Financial Advisory purchased a new position in shares of Home Depot during the third quarter valued at approximately $46,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Stock Performance

Shares of Home Depot stock traded down $9.82 during trading on Friday, hitting $384.82. 5,284,208 shares of the company's stock were exchanged, compared to its average volume of 3,076,670. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The business has a 50-day simple moving average of $402.77 and a 200-day simple moving average of $397.00. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. The stock has a market capitalization of $382.26 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 4.04 and a beta of 1.05.

Wall Street Analyst Weigh In

Several brokerages have issued reports on HD. Truist Financial boosted their target price on Home Depot from $465.00 to $467.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Evercore ISI increased their target price on Home Depot from $420.00 to $430.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 13th. Wells Fargo & Company increased their target price on Home Depot from $440.00 to $450.00 and gave the stock an "overweight" rating in a research note on Thursday, February 13th. Mizuho boosted their price objective 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. Finally, Stifel Nicolaus boosted their price objective 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. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $433.44.

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.