Americana Partners LLC Boosts Stock Position in The Home Depot, Inc. (NYSE:HD)

Americana Partners LLC grew its stake in shares of The Home Depot, Inc. (NYSE:HD) by 36.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,830 shares of the home improvement retailer’s stock after buying an additional 10,409 shares during the period. Americana Partners LLC’s holdings in Home Depot were worth $15,104,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in HD. Synergy Asset Management LLC purchased a new position in shares of Home Depot during the 4th quarter valued at about $26,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Home Depot during the 4th quarter valued at about $28,000. Legacy Investment Solutions LLC purchased a new position in shares of Home Depot during the 3rd quarter valued at about $41,000. Sugar Maple Asset Management LLC bought a new stake in Home Depot during the 4th quarter valued at approximately $41,000. Finally, Livelsberger Financial Advisory bought a new stake in Home Depot during the 3rd quarter valued at approximately $46,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the completion of the sale, the executive vice president now directly owns 12,465 shares in the company, valued at approximately $5,018,159.70. This represents a 0.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on HD shares. Bank of America lifted their target price on Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Barclays lifted their target price on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. DA Davidson lifted their target price on Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research note on Friday, October 25th. TD Cowen lifted their target price on Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Finally, Evercore ISI lifted their target price on Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $433.44.

Home Depot Price Performance

HD opened at $409.47 on Monday. The business has a fifty day moving average of $404.49 and a 200 day moving average of $396.14. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The stock has a market cap of $406.75 billion, a P/E ratio of 27.82, a PEG ratio of 4.22 and a beta of 1.05.

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.