Bell Bank Acquires 694 Shares of The Home Depot, Inc. (NYSE:HD)

Bell Bank lifted its holdings in The Home Depot, Inc. (NYSE:HD) by 15.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,046 shares of the home improvement retailer’s stock after acquiring an additional 694 shares during the period. Bell Bank’s holdings in Home Depot were worth $1,963,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Synergy Asset Management LLC purchased a new stake in Home Depot during the 4th quarter valued at $26,000. Wingate Wealth Advisors Inc. bought a new position in Home Depot during the fourth quarter valued at $28,000. Legacy Investment Solutions LLC purchased a new stake in shares of Home Depot in the third quarter valued at $41,000. Sugar Maple Asset Management LLC bought a new stake in shares of Home Depot in the 4th quarter worth about $41,000. Finally, Finley Financial LLC purchased a new position in shares of Home Depot during the 4th quarter worth about $59,000. 70.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on HD. Stifel Nicolaus increased their price objective 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. Wells Fargo & Company raised their price target on Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Mizuho boosted their price objective on Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Bank of America increased their target price on Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Finally, DA Davidson lifted their target price on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-one have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $433.44.

Home Depot Trading Down 2.5 %

NYSE HD opened at $384.82 on Friday. 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 firm has a market cap of $382.26 billion, a PE ratio of 26.14, a price-to-earnings-growth ratio of 4.04 and a beta of 1.05. The company has a 50 day moving average price of $402.13 and a 200 day moving average price of $397.24. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37.

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.