12,431 Shares in The Home Depot, Inc. (NYSE:HD) Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new stake in The Home Depot, Inc. (NYSE:HD) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 12,431 shares of the home improvement retailer’s stock, valued at approximately $4,836,000.

Other institutional investors have also recently bought and sold shares of the company. AMF Tjanstepension AB grew its position in Home Depot by 10.8% in the third quarter. AMF Tjanstepension AB now owns 171,005 shares of the home improvement retailer’s stock valued at $69,340,000 after purchasing an additional 16,650 shares in the last quarter. SYM FINANCIAL Corp grew its holdings in shares of Home Depot by 17.8% in the 3rd quarter. SYM FINANCIAL Corp now owns 1,917 shares of the home improvement retailer’s stock valued at $777,000 after acquiring an additional 289 shares in the last quarter. Wealth Group Ltd. bought a new position in shares of Home Depot in the 3rd quarter valued at about $217,000. Swedbank AB grew its holdings in shares of Home Depot by 17.1% in the 3rd quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer’s stock valued at $368,542,000 after acquiring an additional 132,967 shares in the last quarter. Finally, Cross Staff Investments Inc grew its stake in Home Depot by 0.9% in the third quarter. Cross Staff Investments Inc now owns 5,702 shares of the home improvement retailer’s stock valued at $2,311,000 after purchasing an additional 49 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Down 2.5 %

Shares of NYSE:HD opened at $384.82 on Monday. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. The business’s 50 day simple moving average is $402.13 and its two-hundred day simple moving average is $397.93. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The firm has a market cap of $382.26 billion, a P/E ratio of 26.14, a PEG ratio of 4.03 and a beta of 1.05.

Analysts Set New Price Targets

A number of research firms have weighed in on HD. TD Cowen raised their price target on Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Barclays lifted their price objective on shares of Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Bank of America lifted their price objective on shares of Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Stifel Nicolaus lifted their price objective on shares of Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Finally, Wells Fargo & Company lifted their price target on Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $433.44.

About Home Depot

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.