The Home Depot, Inc. (NYSE:HD) Shares Bought by Prentice Wealth Management LLC

Prentice Wealth Management LLC raised its position in shares of The Home Depot, Inc. (NYSE:HD) by 3.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,977 shares of the home improvement retailer’s stock after purchasing an additional 60 shares during the quarter. Prentice Wealth Management LLC’s holdings in Home Depot were worth $769,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. AMF Tjanstepension AB grew its position in Home Depot by 10.8% during the 3rd quarter. AMF Tjanstepension AB now owns 171,005 shares of the home improvement retailer’s stock worth $69,340,000 after purchasing an additional 16,650 shares during the period. SYM FINANCIAL Corp lifted its holdings 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 buying an additional 289 shares during the period. Wealth Group Ltd. purchased a new stake in shares of Home Depot in the third quarter worth about $217,000. Swedbank AB grew its holdings in Home Depot by 17.1% during the third quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer’s stock worth $368,542,000 after acquiring an additional 132,967 shares during the period. Finally, Syntegra Private Wealth Group LLC raised its position in Home Depot by 3.1% during the third quarter. Syntegra Private Wealth Group LLC now owns 3,389 shares of the home improvement retailer’s stock valued at $1,373,000 after acquiring an additional 102 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Down 2.5 %

Shares of NYSE HD opened at $384.82 on Friday. The company has a market capitalization of $382.26 billion, a P/E ratio of 26.14, a P/E/G ratio of 4.04 and a beta of 1.05. 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 has a 50 day simple moving average of $402.13 and a 200-day simple moving average of $397.24. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37.

Analyst Ratings Changes

Several equities research analysts have commented on the company. TD Cowen upped their price objective on Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Barclays increased their price target on shares of Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Telsey Advisory Group reiterated an “outperform” rating and issued a $455.00 price objective on shares of Home Depot in a research report on Thursday. Mizuho lifted their price target on Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Finally, JPMorgan Chase & Co. boosted their price objective on Home Depot from $450.00 to $475.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $433.44.

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.