Wealthspire Advisors LLC Raises Position in The Home Depot, Inc. (NYSE:HD)

Wealthspire Advisors LLC lifted its stake in The Home Depot, Inc. (NYSE:HD) by 9.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,717 shares of the home improvement retailer’s stock after buying an additional 1,959 shares during the period. Wealthspire Advisors LLC’s holdings in Home Depot were worth $9,226,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Synergy Asset Management LLC acquired a new position in shares of Home Depot in the fourth quarter worth about $26,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Home Depot in the fourth quarter worth about $28,000. Legacy Investment Solutions LLC acquired a new position in shares of Home Depot in the third quarter worth about $41,000. Sugar Maple Asset Management LLC acquired a new position in shares of Home Depot in the fourth quarter worth about $41,000. Finally, Marshall Investment Management LLC acquired a new position in shares of Home Depot in the fourth quarter worth about $41,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of HD stock opened at $384.82 on Friday. The business has a 50 day simple moving average of $402.13 and a 200 day simple moving average of $397.54. 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 firm has a market capitalization of $382.26 billion, a price-to-earnings ratio of 26.14, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37.

Wall Street Analyst Weigh In

Several research firms recently commented on HD. TD Cowen boosted their price target on Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Evercore ISI upped their price objective on Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Telsey Advisory Group restated an “outperform” rating and set a $455.00 price objective on shares of Home Depot in a research note on Thursday. Truist Financial upped their price objective on Home Depot from $465.00 to $467.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Finally, Mizuho upped their price objective on Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. One 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 company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.