Hourglass Capital LLC Buys 192 Shares of The Home Depot, Inc. (NYSE:HD)

Hourglass Capital LLC grew its stake in The Home Depot, Inc. (NYSE:HD) by 1.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 15,331 shares of the home improvement retailer’s stock after purchasing an additional 192 shares during the quarter. Home Depot makes up 1.6% of Hourglass Capital LLC’s investment portfolio, making the stock its 26th biggest position. Hourglass Capital LLC’s holdings in Home Depot were worth $5,964,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Synergy Asset Management LLC bought a new position in Home Depot in the 4th quarter worth about $26,000. Wingate Wealth Advisors Inc. bought a new position in Home Depot in the 4th quarter worth about $28,000. Legacy Investment Solutions LLC bought a new position in Home Depot in the 3rd quarter worth about $41,000. Sugar Maple Asset Management LLC bought a new position in Home Depot in the 4th quarter worth about $41,000. Finally, Livelsberger Financial Advisory bought a new position in Home Depot in the 3rd quarter worth about $46,000. 70.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on HD. Morgan Stanley upped their price target on shares of Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Telsey Advisory Group raised shares of Home Depot from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $360.00 to $455.00 in a research report on Friday, November 8th. Bank of America upped their price target on shares of Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. upped their price target on shares of Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Finally, Royal Bank of Canada upped their price target on shares of Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a research report on Monday, November 11th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have issued 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 target price of $433.44.

Insider Buying and Selling at Home Depot

In other news, EVP Ann Marie Campbell sold 100 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total value of $40,258.00. Following the sale, the executive vice president now owns 12,465 shares in the company, valued at $5,018,159.70. This represents a 0.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is currently owned by company insiders.

Home Depot Trading Down 0.7 %

Shares of Home Depot stock opened at $409.47 on Monday. 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 12-month low of $323.77 and a 12-month high of $439.37. The firm has a market capitalization of $406.75 billion, a price-to-earnings ratio of 27.82, a PEG ratio of 4.22 and a beta of 1.05. The firm’s 50 day simple moving average is $404.49 and its two-hundred day simple moving average is $396.14.

About Home Depot

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.