JBR Co Financial Management Inc Acquires 50 Shares of The Home Depot, Inc. (NYSE:HD)

JBR Co Financial Management Inc boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 7.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 685 shares of the home improvement retailer’s stock after acquiring an additional 50 shares during the quarter. JBR Co Financial Management Inc’s holdings in Home Depot were worth $266,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HD. Pensionfund Sabic raised its position in shares of Home Depot by 51.4% in the fourth quarter. Pensionfund Sabic now owns 11,200 shares of the home improvement retailer’s stock valued at $4,357,000 after purchasing an additional 3,800 shares during the period. Swedbank AB boosted its stake in Home Depot by 17.1% during the third quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer’s stock worth $368,542,000 after buying an additional 132,967 shares in the last quarter. Wedmont Private Capital boosted its stake in Home Depot by 12.5% during the fourth quarter. Wedmont Private Capital now owns 13,569 shares of the home improvement retailer’s stock worth $5,291,000 after buying an additional 1,506 shares in the last quarter. Johnson & White Wealth Management LLC acquired a new stake in Home Depot during the fourth quarter worth $1,793,000. Finally, Cerity Partners LLC boosted its stake in Home Depot by 14.3% during the third quarter. Cerity Partners LLC now owns 673,876 shares of the home improvement retailer’s stock worth $273,055,000 after buying an additional 84,062 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

Home Depot stock opened at $384.82 on Friday. The stock has a 50-day simple moving average of $402.13 and a 200 day simple moving average of $397.54. The company has a quick ratio of 0.31, a current ratio of 1.13 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 stock has a market capitalization of $382.26 billion, a price-to-earnings ratio of 26.14, a P/E/G ratio of 4.03 and a beta of 1.05.

Wall Street Analysts Forecast Growth

HD has been the topic of a number of recent research reports. Bank of America lifted their price target on shares of Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Wells Fargo & Company lifted their price target 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. JPMorgan Chase & Co. lifted their price target on shares of Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Mizuho lifted their price target on shares of Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Finally, TD Cowen lifted their price target on shares of Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-one have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average 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.