The Home Depot, Inc. (NYSE:HD) Shares Acquired by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC raised its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 87.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,424 shares of the home improvement retailer's stock after buying an additional 1,129 shares during the period. Strategic Financial Concepts LLC's holdings in Home Depot were worth $943,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

HD has been the topic of a number of analyst reports. Barclays lifted their price objective on shares of Home Depot from $372.00 to $420.00 and gave the company an "overweight" rating in a research note on Tuesday, November 5th. DA Davidson lifted their price objective on shares of Home Depot from $430.00 to $466.00 and gave the company a "buy" rating in a research note on Friday, October 25th. JPMorgan Chase & Co. lifted their price objective on shares of Home Depot from $450.00 to $475.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. Mizuho lifted their price target on shares of Home Depot from $435.00 to $440.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 13th. Finally, Truist Financial lifted their price target on shares of Home Depot from $465.00 to $467.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $433.44.

Home Depot Stock Performance

Shares of HD traded down $9.82 during midday trading on Friday, hitting $384.82. 5,284,208 shares of the stock traded hands, compared to its average volume of 3,076,670. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. The firm has a market capitalization 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. 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's 50 day moving average price is $402.77 and its two-hundred day moving average price is $397.00.

Home Depot 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.