Kestra Investment Management LLC Has $1.31 Million Stake in The Home Depot, Inc. (NYSE:HD)

Kestra Investment Management LLC increased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 3.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,379 shares of the home improvement retailer’s stock after acquiring an additional 97 shares during the period. Kestra Investment Management LLC’s holdings in Home Depot were worth $1,314,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. AMF Tjanstepension AB grew its holdings in 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 buying an additional 16,650 shares during the last quarter. SYM FINANCIAL Corp grew its holdings in Home Depot by 17.8% in the 3rd quarter. SYM FINANCIAL Corp now owns 1,917 shares of the home improvement retailer’s stock valued at $777,000 after buying an additional 289 shares during the last quarter. Wealth Group Ltd. acquired a new stake in Home Depot in the 3rd quarter valued at approximately $217,000. Swedbank AB grew its holdings in Home Depot by 17.1% in the 3rd quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer’s stock valued at $368,542,000 after buying an additional 132,967 shares during the last quarter. Finally, Trilogy Capital Inc. grew its holdings in Home Depot by 1.5% in the 3rd quarter. Trilogy Capital Inc. now owns 2,910 shares of the home improvement retailer’s stock valued at $1,179,000 after buying an additional 43 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Trading Down 1.6 %

Shares of HD opened at $402.76 on Wednesday. The stock has a fifty day moving average price of $403.70 and a two-hundred day moving average price of $397.03. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. The company has a market cap of $400.08 billion, a price-to-earnings ratio of 27.36, a PEG ratio of 4.22 and a beta of 1.05.

Analyst Ratings Changes

A number of research firms have issued reports on HD. Truist Financial raised their target price on Home Depot from $465.00 to $467.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Wells Fargo & Company lifted their price objective on Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. DA Davidson lifted their price objective on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a report on Friday, October 25th. TD Cowen lifted their price objective on Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Finally, Bank of America lifted their price objective on Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.