Trifecta Capital Advisors LLC Buys 1,056 Shares of The Home Depot, Inc. (NYSE:HD)

Trifecta Capital Advisors LLC increased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 6.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,339 shares of the home improvement retailer’s stock after acquiring an additional 1,056 shares during the quarter. Home Depot makes up 1.3% of Trifecta Capital Advisors LLC’s investment portfolio, making the stock its 23rd largest position. Trifecta Capital Advisors LLC’s holdings in Home Depot were worth $6,745,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of HD. Synergy Asset Management LLC purchased a new stake in Home Depot in the 4th quarter worth approximately $26,000. Wingate Wealth Advisors Inc. purchased a new stake in Home Depot in the 4th quarter worth approximately $28,000. Legacy Investment Solutions LLC purchased a new stake in Home Depot in the 3rd quarter worth approximately $41,000. Sugar Maple Asset Management LLC purchased a new stake in Home Depot in the 4th quarter worth approximately $41,000. Finally, Marshall Investment Management LLC purchased a new stake in Home Depot in the 4th quarter worth approximately $41,000. 70.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on HD. Wells Fargo & Company increased their price objective on Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. increased their price objective on Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. TD Cowen increased their price objective on Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Royal Bank of Canada raised their target price on Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research note on Monday, November 11th. Finally, Truist Financial raised their target price on Home Depot from $465.00 to $467.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $433.44.

Home Depot Stock Down 1.1 %

Shares of NYSE:HD opened at $381.12 on Tuesday. The stock has a market capitalization of $378.59 billion, a price-to-earnings ratio of 25.89, a PEG ratio of 4.03 and a beta of 1.05. The stock has a fifty day simple moving average of $401.53 and a two-hundred day simple moving average of $398.16. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37. 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 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.