Allworth Financial LP Raises Stake in The Home Depot, Inc. (NYSE:HD)

Allworth Financial LP increased its position in The Home Depot, Inc. (NYSE:HD) by 33.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 168,965 shares of the home improvement retailer’s stock after buying an additional 42,063 shares during the period. Allworth Financial LP’s holdings in Home Depot were worth $69,293,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Synergy Asset Management LLC purchased a new stake in Home Depot in the 4th quarter valued at about $26,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Home Depot in the fourth quarter worth approximately $28,000. Legacy Investment Solutions LLC purchased a new stake in Home Depot in the third quarter valued at approximately $41,000. Sugar Maple Asset Management LLC acquired a new position in Home Depot during the fourth quarter worth approximately $41,000. Finally, Livelsberger Financial Advisory purchased a new position in Home Depot during the third quarter worth approximately $46,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of HD stock opened at $409.47 on Monday. The firm has a fifty day moving average of $404.49 and a two-hundred day moving average of $396.14. The firm has a market cap of $406.75 billion, a P/E ratio of 27.82, a P/E/G ratio of 4.22 and a beta of 1.05. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Evercore ISI boosted their price objective on shares of Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. TD Cowen boosted their price target on Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Royal Bank of Canada raised their price objective on 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 boosted their target price on Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Mizuho raised their price target on shares of Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. One 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 data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $433.44.

Insider Buying and Selling

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total transaction of $40,258.00. Following the transaction, the executive vice president now owns 12,465 shares of the company’s stock, valued at $5,018,159.70. This trade represents a 0.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.10% of the company’s stock.

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.