Navellier & Associates Inc. Increases Stock Position in The Home Depot, Inc. (NYSE:HD)

Navellier & Associates Inc. increased its position in shares of The Home Depot, Inc. (NYSE:HD) by 14.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,839 shares of the home improvement retailer’s stock after buying an additional 593 shares during the period. Navellier & Associates Inc.’s holdings in Home Depot were worth $1,882,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Wealth Management Nebraska purchased a new stake in Home Depot during the fourth quarter worth $221,000. Prentice Wealth Management LLC boosted its holdings in Home Depot by 3.1% during the fourth quarter. Prentice Wealth Management LLC now owns 1,977 shares of the home improvement retailer’s stock worth $769,000 after buying an additional 60 shares in the last quarter. Bell Bank boosted its holdings in Home Depot by 15.9% during the fourth quarter. Bell Bank now owns 5,046 shares of the home improvement retailer’s stock worth $1,963,000 after buying an additional 694 shares in the last quarter. Dividend Assets Capital LLC boosted its holdings in Home Depot by 4.9% during the fourth quarter. Dividend Assets Capital LLC now owns 1,934 shares of the home improvement retailer’s stock worth $752,000 after buying an additional 90 shares in the last quarter. Finally, Hudson Edge Investment Partners Inc. boosted its holdings in Home Depot by 2.0% during the fourth quarter. Hudson Edge Investment Partners Inc. now owns 16,080 shares of the home improvement retailer’s stock worth $6,255,000 after buying an additional 320 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on HD shares. Stifel Nicolaus increased their price target on shares of Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Barclays increased their price objective on shares of Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Mizuho increased their price objective on shares of Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. increased their price objective on shares of Home Depot from $450.00 to $475.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Finally, Truist Financial increased their price objective on shares of Home Depot from $465.00 to $467.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $433.44.

Home Depot Price Performance

Home Depot stock opened at $384.82 on Friday. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37. The stock has a market cap of $382.26 billion, a P/E ratio of 26.14, a PEG 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 company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65.

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.