Richardson Capital Management LLC Increases Stock Position in The Home Depot, Inc. (NYSE:HD)

Richardson Capital Management LLC grew its stake in The Home Depot, Inc. (NYSE:HD) by 303.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 250 shares of the home improvement retailer’s stock after buying an additional 188 shares during the period. Richardson Capital Management LLC’s holdings in Home Depot were worth $97,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of HD. Synergy Asset Management LLC bought a new position in shares of Home Depot during the 4th quarter valued at $26,000. Wingate Wealth Advisors Inc. purchased a new stake in Home Depot during the 4th quarter valued at $28,000. Legacy Investment Solutions LLC purchased a new stake in shares of Home Depot during the third quarter worth about $41,000. Sugar Maple Asset Management LLC purchased a new stake in Home Depot in the 4th quarter worth approximately $41,000. Finally, Finley Financial LLC bought a new stake in shares of Home Depot in the 4th quarter worth approximately $59,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on HD. TD Cowen boosted their price objective on shares of Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Truist Financial increased their price objective on Home Depot from $465.00 to $467.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Barclays lifted their target price 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. 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 note on Monday, February 10th. Finally, Bank of America increased their target price on Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. One 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 stock. Based on data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus target price of $433.44.

Home Depot Trading Down 2.5 %

Home Depot stock opened at $384.82 on Friday. The firm has a 50 day moving average of $402.13 and a 200 day moving average of $397.54. 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 firm 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. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37.

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.