Dahring Cusmano LLC Invests $239,000 in The Home Depot, Inc. (NYSE:HD)

Dahring Cusmano LLC purchased a new position in The Home Depot, Inc. (NYSE:HD) during the 4th quarter, HoldingsChannel reports. The fund purchased 615 shares of the home improvement retailer’s stock, valued at approximately $239,000.

Several other institutional investors have also recently made changes to their positions in the company. PYA Waltman Capital LLC increased its stake in Home Depot by 1.2% in the fourth quarter. PYA Waltman Capital LLC now owns 10,270 shares of the home improvement retailer’s stock valued at $3,995,000 after acquiring an additional 124 shares during the last quarter. Grove Street Fiduciary LLC bought a new position in Home Depot in the fourth quarter valued at $446,000. Compass Capital Corp MA ADV bought a new position in Home Depot in the fourth quarter valued at $1,109,000. Cordatus Wealth Management LLC increased its stake in Home Depot by 3.6% in the fourth quarter. Cordatus Wealth Management LLC now owns 5,809 shares of the home improvement retailer’s stock valued at $2,259,000 after acquiring an additional 204 shares during the last quarter. Finally, Centricity Wealth Management LLC bought a new position in Home Depot in the fourth quarter valued at $498,000. Institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

HD has been the topic of a number of research analyst reports. Stifel Nicolaus increased their target price on Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. increased their target price on Home Depot from $450.00 to $475.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Barclays increased their target price on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Telsey Advisory Group reissued an “outperform” rating and issued a $455.00 target price on shares of Home Depot in a research note on Thursday. Finally, Royal Bank of Canada upped their price target on shares of Home Depot from $363.00 to $413.00 and gave the company 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 company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $433.44.

Home Depot Price Performance

HD stock opened at $384.82 on Friday. The firm 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. The firm has a market capitalization of $382.26 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 4.04 and a beta of 1.05. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13.

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.