Howard Capital Management Inc. Has $2.66 Million Position in The Home Depot, Inc. (NYSE:HD)

Howard Capital Management Inc. lifted its stake in The Home Depot, Inc. (NYSE:HD) by 6.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 6,847 shares of the home improvement retailer’s stock after purchasing an additional 425 shares during the quarter. Howard Capital Management Inc.’s holdings in Home Depot were worth $2,663,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of HD. Synergy Asset Management LLC bought a new position in Home Depot in the fourth quarter valued at approximately $26,000. Wingate Wealth Advisors Inc. bought a new position in Home Depot in the fourth quarter valued at approximately $28,000. Legacy Investment Solutions LLC bought a new position in Home Depot in the third quarter valued at approximately $41,000. Sugar Maple Asset Management LLC bought a new position in Home Depot in the fourth quarter valued at approximately $41,000. Finally, Marshall Investment Management LLC bought a new position in Home Depot in the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Down 2.5 %

Shares of HD stock opened at $384.82 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The firm’s fifty day moving average price is $402.13 and its two-hundred day moving average price is $397.54. The firm has a market capitalization of $382.26 billion, a P/E ratio of 26.14, a PEG ratio of 4.03 and a beta of 1.05.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on HD. Wells Fargo & Company raised their price objective on shares of Home Depot from $440.00 to $450.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $455.00 price objective on shares of Home Depot in a research note on Thursday. Royal Bank of Canada raised their price objective on shares of Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research note on Monday, November 11th. Stifel Nicolaus lifted their price target on shares of Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Finally, TD Cowen lifted their price target on shares of Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.