Delta Financial Group Inc. Takes $1.16 Million Position in The Home Depot, Inc. (NYSE:HD)

Delta Financial Group Inc. acquired a new stake in The Home Depot, Inc. (NYSE:HD) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 2,978 shares of the home improvement retailer’s stock, valued at approximately $1,158,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of HD. AMF Tjanstepension AB grew its position in shares of Home Depot by 10.8% in the 3rd quarter. AMF Tjanstepension AB now owns 171,005 shares of the home improvement retailer’s stock valued at $69,340,000 after acquiring an additional 16,650 shares during the period. SYM FINANCIAL Corp boosted its holdings in shares of 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 buying an additional 289 shares during the period. Wealth Group Ltd. bought a new stake in shares of Home Depot during the 3rd quarter worth about $217,000. Swedbank AB boosted its holdings in shares of 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 buying an additional 132,967 shares during the period. Finally, Asset Planning Services Inc. LA ADV boosted its holdings in shares of Home Depot by 1.4% during the 3rd quarter. Asset Planning Services Inc. LA ADV now owns 18,912 shares of the home improvement retailer’s stock worth $7,664,000 after buying an additional 269 shares during the period. Institutional investors own 70.86% of the company’s stock.

Home Depot Trading Down 2.5 %

HD opened at $384.82 on Friday. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. 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 PEG ratio of 4.03 and a beta of 1.05. The company’s 50 day moving average price is $402.13 and its two-hundred day moving average price is $397.54.

Analyst Ratings Changes

HD has been the subject of several research analyst reports. Evercore ISI lifted their target price on shares of Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Wells Fargo & Company lifted their target price on shares of Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. lifted their target price on shares of Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Bank of America lifted their price objective on shares of Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Finally, Royal Bank of Canada lifted their price objective on shares of Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a research note on Monday, November 11th. One investment 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 company. According to MarketBeat, Home Depot has a consensus 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.