Atlas Legacy Advisors LLC Purchases Shares of 3,229 The Home Depot, Inc. (NYSE:HD)

Atlas Legacy Advisors LLC purchased a new stake in The Home Depot, Inc. (NYSE:HD) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,229 shares of the home improvement retailer’s stock, valued at approximately $1,256,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Bank of Jackson Hole Trust purchased a new stake in Home Depot in the fourth quarter valued at $1,214,000. Callahan Advisors LLC boosted its stake in shares of Home Depot by 109.8% during the 4th quarter. Callahan Advisors LLC now owns 8,286 shares of the home improvement retailer’s stock worth $3,223,000 after acquiring an additional 4,337 shares in the last quarter. Davidson Investment Advisors boosted its stake in shares of Home Depot by 2.4% during the 4th quarter. Davidson Investment Advisors now owns 64,369 shares of the home improvement retailer’s stock worth $25,039,000 after acquiring an additional 1,538 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund boosted its stake in shares of Home Depot by 69.9% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 49,869 shares of the home improvement retailer’s stock worth $19,399,000 after acquiring an additional 20,510 shares in the last quarter. Finally, Proactive Wealth Strategies LLC boosted its stake in shares of Home Depot by 9.0% during the 4th quarter. Proactive Wealth Strategies LLC now owns 2,063 shares of the home improvement retailer’s stock worth $803,000 after acquiring an additional 171 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Stock Performance

Home Depot stock opened at $402.76 on Wednesday. The firm has a 50 day simple moving average of $403.70 and a 200-day simple moving average of $397.03. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The stock has a market cap of $400.08 billion, a price-to-earnings ratio of 27.36, a price-to-earnings-growth ratio of 4.22 and a beta of 1.05.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on HD. Barclays increased their target price on shares of Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Wells Fargo & Company increased their target price on shares of Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Stifel Nicolaus increased their target price on shares of Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. TD Cowen upped their price target on shares of Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. 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 given a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently 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.