World Equity Group Inc. Purchases 34 Shares of The Home Depot, Inc. (NYSE:HD)

World Equity Group Inc. raised its position in shares of The Home Depot, Inc. (NYSE:HD) by 0.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,194 shares of the home improvement retailer’s stock after purchasing an additional 34 shares during the quarter. World Equity Group Inc.’s holdings in Home Depot were worth $1,631,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of HD. Delta Financial Group Inc. bought a new stake in shares of Home Depot in the fourth quarter worth approximately $1,158,000. Summit Asset Management LLC grew its stake in shares of Home Depot by 1.7% in the fourth quarter. Summit Asset Management LLC now owns 5,871 shares of the home improvement retailer’s stock worth $2,284,000 after acquiring an additional 100 shares during the period. Delap Wealth Advisory LLC grew its stake in shares of Home Depot by 32.1% in the fourth quarter. Delap Wealth Advisory LLC now owns 802 shares of the home improvement retailer’s stock worth $312,000 after acquiring an additional 195 shares during the period. Cabot Wealth Management Inc. grew its stake in shares of Home Depot by 1.8% in the fourth quarter. Cabot Wealth Management Inc. now owns 34,509 shares of the home improvement retailer’s stock worth $13,424,000 after acquiring an additional 626 shares during the period. Finally, MONECO Advisors LLC boosted its holdings in shares of Home Depot by 28.0% in the fourth quarter. MONECO Advisors LLC now owns 5,889 shares of the home improvement retailer’s stock worth $2,291,000 after buying an additional 1,290 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Trading Down 2.5 %

NYSE HD opened at $384.82 on Friday. The company’s 50-day moving average price is $402.13 and its 200-day moving average price is $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 stock has a market cap of $382.26 billion, a PE ratio of 26.14, a PEG 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.

Wall Street Analyst Weigh In

HD has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price objective on shares of Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Royal Bank of Canada raised their price objective on shares of Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a report on Monday, November 11th. Wells Fargo & Company lifted their price target on shares of Home Depot from $440.00 to $450.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Truist Financial lifted their price target 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. Finally, TD Cowen lifted their price target on shares of Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a report on Monday, October 28th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and an average price target of $433.44.

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.