Ieq Capital LLC Acquires 7,381 Shares of The Home Depot, Inc. (NYSE:HD)

Ieq Capital LLC lifted its holdings in The Home Depot, Inc. (NYSE:HD) by 8.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 98,346 shares of the home improvement retailer’s stock after buying an additional 7,381 shares during the quarter. Ieq Capital LLC’s holdings in Home Depot were worth $38,256,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in HD. AMF Tjanstepension AB raised its holdings in shares of Home Depot by 10.8% in the third quarter. AMF Tjanstepension AB now owns 171,005 shares of the home improvement retailer’s stock valued at $69,340,000 after buying an additional 16,650 shares during the last quarter. SYM FINANCIAL Corp raised its holdings in Home Depot by 17.8% during the 3rd quarter. SYM FINANCIAL Corp now owns 1,917 shares of the home improvement retailer’s stock worth $777,000 after purchasing an additional 289 shares during the last quarter. Wealth Group Ltd. bought a new stake in Home Depot during the 3rd quarter worth about $217,000. Swedbank AB raised its holdings in Home Depot by 17.1% during the 3rd quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer’s stock worth $368,542,000 after purchasing an additional 132,967 shares during the last quarter. Finally, Foundations Investment Advisors LLC raised its holdings in Home Depot by 66.6% during the 3rd quarter. Foundations Investment Advisors LLC now owns 20,194 shares of the home improvement retailer’s stock worth $8,182,000 after purchasing an additional 8,075 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Home Depot Trading Down 2.1 %

NYSE:HD opened at $394.77 on Thursday. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month 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 business has a 50 day moving average price of $403.17 and a two-hundred day moving average price of $397.01. The company has a market cap 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.

Analyst Ratings Changes

Several analysts have weighed in on the company. Truist Financial boosted their price objective on Home Depot from $465.00 to $467.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. DA Davidson boosted their price objective on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Evercore ISI boosted their price objective on Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. boosted their price objective on Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Finally, Barclays boosted their price objective on Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus price target of $433.44.

Home Depot Company 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.