Braun Stacey Associates Inc. Purchases 1,264 Shares of The Home Depot, Inc. (NYSE:HD)

Braun Stacey Associates Inc. increased its position in The Home Depot, Inc. (NYSE:HD) by 2.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 53,490 shares of the home improvement retailer’s stock after purchasing an additional 1,264 shares during the quarter. Braun Stacey Associates Inc.’s holdings in Home Depot were worth $20,807,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Atria Wealth Solutions Inc. grew its holdings in Home Depot by 5.9% in the fourth quarter. Atria Wealth Solutions Inc. now owns 68,407 shares of the home improvement retailer’s stock worth $26,610,000 after purchasing an additional 3,786 shares during the period. Provident Trust Co. grew its stake in shares of Home Depot by 45.1% in the 4th quarter. Provident Trust Co. now owns 913,663 shares of the home improvement retailer’s stock worth $355,406,000 after buying an additional 284,000 shares during the last quarter. GAM Holding AG increased its position in Home Depot by 46.8% during the 4th quarter. GAM Holding AG now owns 13,644 shares of the home improvement retailer’s stock valued at $5,307,000 after buying an additional 4,352 shares in the last quarter. Venturi Wealth Management LLC raised its stake in Home Depot by 8.0% during the fourth quarter. Venturi Wealth Management LLC now owns 43,857 shares of the home improvement retailer’s stock valued at $17,060,000 after buying an additional 3,233 shares during the last quarter. Finally, D.A. Davidson & CO. boosted its holdings in Home Depot by 1.3% in the fourth quarter. D.A. Davidson & CO. now owns 75,037 shares of the home improvement retailer’s stock worth $29,189,000 after acquiring an additional 968 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Trading Down 1.6 %

Shares of Home Depot stock opened at $402.76 on Wednesday. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. The company’s fifty day simple moving average is $403.70 and its 200-day simple moving average is $397.03. 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 stock has a market capitalization of $400.08 billion, a PE ratio of 27.36, a P/E/G ratio of 4.22 and a beta of 1.05.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. DA Davidson raised their price target on Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a report on Friday, October 25th. Evercore ISI raised their price objective on shares of Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Royal Bank of Canada upped their target price 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. Truist Financial increased their price target on shares of Home Depot from $465.00 to $467.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Finally, Sanford C. Bernstein began coverage on Home Depot in a research report on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 price objective on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $433.44.

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.