The Home Depot, Inc. (NYSE:HD) Shares Purchased by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 69.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,869 shares of the home improvement retailer's stock after purchasing an additional 20,510 shares during the period. Home Depot comprises approximately 1.7% of Kentucky Retirement Systems Insurance Trust Fund's holdings, making the stock its 6th largest holding. Kentucky Retirement Systems Insurance Trust Fund's holdings in Home Depot were worth $19,399,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. POM Investment Strategies LLC increased its position in shares of Home Depot by 1.1% during the fourth quarter. POM Investment Strategies LLC now owns 2,117 shares of the home improvement retailer's stock worth $824,000 after purchasing an additional 24 shares in the last quarter. Center for Financial Planning Inc. increased its position in shares of Home Depot by 0.5% during the fourth quarter. Center for Financial Planning Inc. now owns 4,653 shares of the home improvement retailer's stock worth $1,810,000 after purchasing an additional 24 shares in the last quarter. Insight Inv LLC increased its position in shares of Home Depot by 2.0% during the third quarter. Insight Inv LLC now owns 1,246 shares of the home improvement retailer's stock worth $505,000 after purchasing an additional 25 shares in the last quarter. Marino Stram & Associates LLC increased its position in shares of Home Depot by 2.3% during the fourth quarter. Marino Stram & Associates LLC now owns 1,108 shares of the home improvement retailer's stock worth $431,000 after purchasing an additional 25 shares in the last quarter. Finally, Live Oak Private Wealth LLC increased its position in shares of Home Depot by 0.5% during 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 purchasing an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Home Depot Price Performance

Shares of HD stock traded down $9.82 during mid-day trading on Friday, hitting $384.82. 5,284,208 shares of the stock were exchanged, compared to its average volume of 3,076,670. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. 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 firm has a fifty day moving average of $402.77 and a 200 day moving average of $397.00. The company has a market cap of $382.26 billion, a PE ratio of 26.14, a price-to-earnings-growth ratio of 4.04 and a beta of 1.05.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on HD shares. DA Davidson upped their price target on Home Depot from $430.00 to $466.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. TD Cowen upped their target price on Home Depot from $440.00 to $460.00 and gave the company a "buy" rating in a research report on Monday, October 28th. Telsey Advisory Group reissued an "outperform" rating and issued a $455.00 target price on shares of Home Depot in a research report on Thursday. Barclays upped their target price on Home Depot from $372.00 to $420.00 and gave the company an "overweight" rating in a research report on Tuesday, November 5th. Finally, Royal Bank of Canada upped their target price on Home Depot from $363.00 to $413.00 and gave the company a "sector perform" rating in a research report on Monday, November 11th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-one have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently 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.