Olympiad Research LP Acquires New Shares in The Home Depot, Inc. (NYSE:HD)

Olympiad Research LP acquired a new stake in The Home Depot, Inc. (NYSE:HD) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 545 shares of the home improvement retailer’s stock, valued at approximately $212,000.

Several other hedge funds have also recently bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Home Depot during the 3rd quarter valued at $336,231,000. FMR LLC grew its holdings in Home Depot by 10.1% during the 3rd quarter. FMR LLC now owns 8,679,237 shares of the home improvement retailer’s stock valued at $3,516,827,000 after buying an additional 795,438 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in Home Depot by 295.6% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 693,318 shares of the home improvement retailer’s stock valued at $280,932,000 after buying an additional 518,054 shares during the last quarter. Strategic Financial Concepts LLC grew its holdings in Home Depot by 37,025.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 480,780 shares of the home improvement retailer’s stock valued at $187,019,000 after buying an additional 479,485 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Home Depot by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 21,700,427 shares of the home improvement retailer’s stock valued at $8,767,449,000 after buying an additional 433,126 shares during the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Bank of America increased their target price on Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. raised 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. Evercore ISI raised 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. Mizuho raised their price objective on Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Finally, Truist Financial raised 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. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-one have given a buy rating to the company’s stock. According to MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and an average price target of $433.44.

Home Depot Trading Down 2.5 %

NYSE:HD opened at $384.82 on Monday. The business’s 50-day moving average is $402.13 and its two-hundred day moving average is $397.93. 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 Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. The firm has a market capitalization of $382.26 billion, a PE ratio of 26.14, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05.

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.