The Home Depot, Inc. (NYSE:HD) Shares Bought by GAM Holding AG

GAM Holding AG lifted its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 46.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,644 shares of the home improvement retailer's stock after acquiring an additional 4,352 shares during the period. GAM Holding AG's holdings in Home Depot were worth $5,307,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Synergy Asset Management LLC bought a new stake in shares of Home Depot in the 4th quarter valued at approximately $26,000. Wingate Wealth Advisors Inc. purchased a new position in Home Depot during the 4th quarter worth $28,000. Legacy Investment Solutions LLC purchased a new position in shares of Home Depot in the 3rd quarter valued at $41,000. Sugar Maple Asset Management LLC purchased a new position in shares of Home Depot in the 4th quarter valued at $41,000. Finally, Livelsberger Financial Advisory purchased a new position in shares of Home Depot in the 3rd quarter valued at $46,000. Institutional investors own 70.86% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on HD. Mizuho raised their price objective on Home Depot from $435.00 to $440.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. Wells Fargo & Company lifted their price objective on Home Depot from $440.00 to $450.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. Telsey Advisory Group restated an "outperform" rating and issued a $455.00 price target on shares of Home Depot in a research note on Thursday. Bank of America boosted their price objective on Home Depot from $425.00 to $450.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. Finally, JPMorgan Chase & Co. boosted their price objective on Home Depot from $450.00 to $475.00 and gave the stock an "overweight" rating in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-one have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $433.44.

Home Depot Trading Down 2.5 %

NYSE:HD traded down $9.82 during trading hours on Friday, reaching $384.82. 5,284,208 shares of the stock were exchanged, compared to its average volume of 3,076,670. The company 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. The business has a 50-day moving average of $402.13 and a two-hundred day moving average of $397.24. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37.

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.