The Home Depot, Inc. (NYSE:HD) Shares Acquired by Davidson Investment Advisors

Davidson Investment Advisors grew its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 2.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 64,369 shares of the home improvement retailer's stock after acquiring an additional 1,538 shares during the quarter. Home Depot comprises approximately 1.2% of Davidson Investment Advisors' holdings, making the stock its 24th largest holding. Davidson Investment Advisors' holdings in Home Depot were worth $25,039,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HD. POM Investment Strategies LLC grew its stake in Home Depot by 1.1% in the fourth quarter. POM Investment Strategies LLC now owns 2,117 shares of the home improvement retailer's stock valued at $824,000 after purchasing an additional 24 shares during the last quarter. Center for Financial Planning Inc. grew its stake in Home Depot by 0.5% in the fourth quarter. Center for Financial Planning Inc. now owns 4,653 shares of the home improvement retailer's stock valued at $1,810,000 after purchasing an additional 24 shares during the last quarter. Insight Inv LLC boosted its holdings in Home Depot by 2.0% in the third quarter. Insight Inv LLC now owns 1,246 shares of the home improvement retailer's stock worth $505,000 after acquiring an additional 25 shares in the last quarter. Marino Stram & Associates LLC boosted its holdings in Home Depot by 2.3% in the fourth quarter. Marino Stram & Associates LLC now owns 1,108 shares of the home improvement retailer's stock worth $431,000 after acquiring an additional 25 shares in the last quarter. Finally, Live Oak Private Wealth LLC boosted its holdings in Home Depot by 0.5% in the fourth quarter. Live Oak Private Wealth LLC now owns 4,915 shares of the home improvement retailer's stock worth $1,912,000 after acquiring an additional 25 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Down 2.5 %

HD stock traded down $9.82 during mid-day trading on Friday, reaching $384.82. The company had a trading volume of 5,284,208 shares, 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 company has a market capitalization of $382.26 billion, a price-to-earnings ratio of 26.14, a price-to-earnings-growth ratio of 4.04 and a beta of 1.05. The firm has a fifty day simple moving average of $402.77 and a 200 day simple moving average of $397.00. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37.

Wall Street Analyst Weigh In

HD has been the subject of several recent analyst reports. DA Davidson raised their price target on Home Depot from $430.00 to $466.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Evercore ISI raised their price target on Home Depot from $420.00 to $430.00 and gave the stock an "outperform" rating in a report on Wednesday, November 13th. Barclays raised 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 lifted their target price on Home Depot from $363.00 to $413.00 and gave the stock a "sector perform" rating in a report on Monday, November 11th. Finally, Truist Financial lifted their target price on Home Depot from $465.00 to $467.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. One equities 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 stock. According to data from MarketBeat, the stock presently 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.