Montag A & Associates Inc. lessened its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 1.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 75,989 shares of the home improvement retailer's stock after selling 1,165 shares during the quarter. Home Depot comprises 1.4% of Montag A & Associates Inc.'s investment portfolio, making the stock its 11th biggest holding. Montag A & Associates Inc.'s holdings in Home Depot were worth $29,559,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in HD. AMF Tjanstepension AB grew its stake in shares of Home Depot by 10.8% in the 3rd quarter. AMF Tjanstepension AB now owns 171,005 shares of the home improvement retailer's stock valued at $69,340,000 after purchasing an additional 16,650 shares during the last quarter. SYM FINANCIAL Corp grew its stake in shares of Home Depot by 17.8% in the 3rd quarter. SYM FINANCIAL Corp now owns 1,917 shares of the home improvement retailer's stock valued at $777,000 after purchasing an additional 289 shares during the last quarter. Wealth Group Ltd. purchased a new stake in shares of Home Depot in the third quarter valued at approximately $217,000. Creative Planning boosted its stake in shares of Home Depot by 7.0% in the third quarter. Creative Planning now owns 513,327 shares of the home improvement retailer's stock valued at $199,295,000 after buying an additional 33,703 shares in the last quarter. Finally, Swedbank AB boosted its stake in shares of Home Depot by 17.1% in the third quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer's stock valued at $368,542,000 after buying an additional 132,967 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.
Wall Street Analysts Forecast Growth
HD has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their price target on Home Depot from $450.00 to $475.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. Evercore ISI lifted their price target on Home Depot from $420.00 to $430.00 and gave the company an "outperform" rating in a research note on Wednesday, November 13th. Truist Financial lifted their price target on Home Depot from $465.00 to $467.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. DA Davidson lifted their price target on Home Depot from $430.00 to $466.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Finally, Barclays lifted their price target on Home Depot from $372.00 to $420.00 and gave the company an "overweight" rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $433.44.
Check Out Our Latest Analysis on Home Depot
Home Depot Trading Down 2.1 %
NYSE HD traded down $8.54 during trading hours on Wednesday, hitting $394.77. 3,776,974 shares of the company's stock were exchanged, compared to its average volume of 3,016,737. The business's 50 day moving average is $403.70 and its 200-day moving average is $397.03. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37. The firm has a market capitalization of $392.15 billion, a P/E ratio of 26.82, a price-to-earnings-growth ratio of 4.18 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.
Home Depot Company Profile
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Free Report)
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.
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