736 Shares in The Home Depot, Inc. (NYSE:HD) Acquired by Joel Adams & Associates Inc.

Joel Adams & Associates Inc. bought a new stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 736 shares of the home improvement retailer's stock, valued at approximately $286,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HD. Synergy Asset Management LLC purchased a new position in shares of Home Depot in the fourth quarter worth $26,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Home Depot in the fourth quarter worth $28,000. Legacy Investment Solutions LLC purchased a new position in shares of Home Depot in the third quarter worth $41,000. Sugar Maple Asset Management LLC purchased a new position in shares of Home Depot in the fourth quarter worth $41,000. Finally, Finley Financial LLC purchased a new position in shares of Home Depot in the fourth quarter worth $59,000. Hedge funds and other institutional investors own 70.86% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on HD shares. Wells Fargo & Company increased their price objective on shares of Home Depot from $440.00 to $450.00 and gave the stock an "overweight" rating in a research note on Thursday, February 13th. Royal Bank of Canada boosted their target price on shares of Home Depot from $363.00 to $413.00 and gave the stock a "sector perform" rating in a research note on Monday, November 11th. JPMorgan Chase & Co. boosted their target price on shares of Home Depot from $450.00 to $475.00 and gave the stock an "overweight" rating in a research note on Monday, February 10th. Telsey Advisory Group restated an "outperform" rating and set a $455.00 price target on shares of Home Depot in a research report on Thursday. Finally, Mizuho boosted their price target on shares of Home Depot from $435.00 to $440.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. One 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 company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $433.44.

Home Depot Trading Down 2.4 %

Shares of Home Depot stock traded down $9.48 on Friday, reaching $385.17. The company had a trading volume of 2,753,496 shares, compared to its average volume of 2,987,616. The firm's 50 day moving average price is $402.77 and its two-hundred day moving average price is $397.00. The firm has a market cap of $382.61 billion, a PE ratio of 26.14, a PEG ratio of 4.04 and a beta of 1.05. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13.

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.