Y Intercept Hong Kong Ltd Invests $4.84 Million in The Home Depot, Inc. (NYSE:HD)

Y Intercept Hong Kong Ltd acquired a new position in The Home Depot, Inc. (NYSE:HD) during the 4th quarter, HoldingsChannel reports. The fund acquired 12,431 shares of the home improvement retailer’s stock, valued at approximately $4,836,000.

Other hedge funds have also added to or reduced their stakes in the company. Synergy Asset Management LLC bought a new stake in shares of Home Depot in the 4th quarter worth approximately $26,000. Wingate Wealth Advisors Inc. bought a new position in shares of Home Depot during the 4th quarter worth $28,000. Legacy Investment Solutions LLC purchased a new stake in Home Depot in the 3rd quarter worth about $41,000. Sugar Maple Asset Management LLC bought a new stake in Home Depot in the 4th quarter valued at about $41,000. Finally, Marshall Investment Management LLC bought a new stake in Home Depot in the 4th quarter valued at about $41,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Trading Down 2.5 %

Shares of NYSE HD opened at $384.82 on Monday. The firm has a 50-day moving average of $402.13 and a 200 day moving average of $397.93. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The stock has a market cap of $382.26 billion, a P/E ratio of 26.14, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on HD shares. Truist Financial lifted their target price on shares of Home Depot from $465.00 to $467.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. TD Cowen increased their target price on Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Mizuho raised their price target on Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $455.00 price target on shares of Home Depot in a report on Thursday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Home Depot from $450.00 to $475.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. 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 company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.