Global Retirement Partners LLC Increases Stock Position in The Home Depot, Inc. (NYSE:HD)

Global Retirement Partners LLC raised its holdings in The Home Depot, Inc. (NYSE:HD) by 3.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 35,353 shares of the home improvement retailer’s stock after purchasing an additional 1,067 shares during the quarter. Global Retirement Partners LLC’s holdings in Home Depot were worth $13,752,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of HD. Synergy Asset Management LLC purchased a new stake in shares of Home Depot during the 4th quarter worth approximately $26,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Home Depot during the 4th quarter worth approximately $28,000. Legacy Investment Solutions LLC acquired a new position in shares of Home Depot during the 3rd quarter worth approximately $41,000. Sugar Maple Asset Management LLC acquired a new position in shares of Home Depot during the 4th quarter worth approximately $41,000. Finally, Finley Financial LLC acquired a new position in shares of Home Depot during the 4th quarter worth approximately $59,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Down 2.1 %

Shares of Home Depot stock opened at $394.77 on Thursday. The company has a fifty day moving average price of $403.17 and a 200 day moving average price of $397.01. 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 twelve month low of $323.77 and a twelve month high of $439.37. The stock has a market cap of $392.15 billion, a price-to-earnings ratio of 26.82, a price-to-earnings-growth ratio of 4.18 and a beta of 1.05.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Royal Bank of Canada lifted their price objective on Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. lifted their price objective on Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Stifel Nicolaus lifted their price objective on Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Barclays lifted their price objective on Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Finally, Wells Fargo & Company boosted their price target on Home Depot from $440.00 to $450.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. One investment 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. According to MarketBeat, Home Depot has an average rating of “Moderate Buy” and an average target price 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.