Wealthstream Advisors Inc. Grows Stake in The Home Depot, Inc. (NYSE:HD)

Wealthstream Advisors Inc. grew its position in The Home Depot, Inc. (NYSE:HD) by 3.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,825 shares of the home improvement retailer’s stock after buying an additional 68 shares during the quarter. Wealthstream Advisors Inc.’s holdings in Home Depot were worth $739,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Fairway Wealth LLC purchased a new stake in Home Depot during the second quarter worth $25,000. Kings Path Partners LLC bought a new position in shares of Home Depot in the 2nd quarter worth $33,000. Denver PWM LLC purchased a new stake in shares of Home Depot during the 2nd quarter worth $40,000. Livelsberger Financial Advisory purchased a new stake in shares of Home Depot during the 3rd quarter worth $46,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in Home Depot during the second quarter valued at about $47,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Gordon Haskett raised shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price target for the company in a research report on Wednesday, October 2nd. Oppenheimer boosted their price objective on shares of Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a research note on Tuesday, September 24th. Morgan Stanley raised their target price on shares of Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Sanford C. Bernstein assumed coverage on shares of Home Depot in a report on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 price target on the stock. Finally, Melius Research assumed coverage on Home Depot in a report on Monday, September 23rd. They set a “buy” rating and a $420.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $426.00.

Home Depot Trading Up 1.8 %

NYSE HD opened at $410.39 on Thursday. The Home Depot, Inc. has a 1 year low of $300.14 and a 1 year high of $421.56. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.33. The company has a market capitalization of $407.64 billion, a PE ratio of 27.88, a P/E/G ratio of 2.79 and a beta of 1.01. The company has a fifty day moving average of $397.67 and a 200 day moving average of $365.56.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.14. The business had revenue of $40.22 billion during the quarter, compared to analysts’ expectations of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.81 EPS. Research analysts forecast that The Home Depot, Inc. will post 14.99 earnings per share for the current year.

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.