RW Investment Management LLC Boosts Stock Position in The Home Depot, Inc. (NYSE:HD)

RW Investment Management LLC grew its holdings in The Home Depot, Inc. (NYSE:HD) by 3.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,111 shares of the home improvement retailer’s stock after purchasing an additional 39 shares during the period. RW Investment Management LLC’s holdings in Home Depot were worth $432,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Synergy Asset Management LLC purchased a new position in Home Depot during the 4th quarter worth $26,000. Wingate Wealth Advisors Inc. bought a new position in shares of Home Depot during the 4th quarter worth $28,000. Legacy Investment Solutions LLC purchased a new position in shares of Home Depot during the third quarter valued at $41,000. Sugar Maple Asset Management LLC bought a new stake in shares of Home Depot in the fourth quarter valued at about $41,000. Finally, Finley Financial LLC purchased a new stake in Home Depot in the fourth quarter worth about $59,000. 70.86% of the stock is currently owned by institutional investors.

Home Depot Price Performance

Shares of HD opened at $394.63 on Friday. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The company’s fifty day moving average price is $402.77 and its 200-day moving average price is $397.00. 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 $392.01 billion, a PE ratio of 26.81, a price-to-earnings-growth ratio of 4.12 and a beta of 1.05.

Wall Street Analyst Weigh In

A number of research firms have commented on HD. Barclays raised their target price on shares of Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Bank of America lifted their price objective on shares of Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. DA Davidson upped their target price on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a report on Friday, October 25th. JPMorgan Chase & Co. increased their target price on Home Depot from $450.00 to $475.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Finally, Royal Bank of Canada boosted their price target on Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a research report on Monday, November 11th. One 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’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $433.44.

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.