The Home Depot, Inc. (NYSE:HD) Shares Acquired by Convergence Investment Partners LLC

Convergence Investment Partners LLC boosted its stake in The Home Depot, Inc. (NYSE:HD) by 14.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,210 shares of the home improvement retailer’s stock after buying an additional 1,746 shares during the period. Home Depot accounts for approximately 1.2% of Convergence Investment Partners LLC’s investment portfolio, making the stock its 14th largest holding. Convergence Investment Partners LLC’s holdings in Home Depot were worth $5,527,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of HD. Synergy Asset Management LLC acquired a new position in Home Depot during the 4th quarter valued at about $26,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Home Depot during the fourth quarter worth approximately $28,000. Legacy Investment Solutions LLC bought a new position in Home Depot in the 3rd quarter worth approximately $41,000. Sugar Maple Asset Management LLC acquired a new stake in Home Depot in the 4th quarter valued at approximately $41,000. Finally, Livelsberger Financial Advisory bought a new stake in Home Depot during the 3rd quarter valued at $46,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Mizuho increased their price target on Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Wells Fargo & Company increased their target price on shares of Home Depot from $440.00 to $450.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Telsey Advisory Group upgraded shares of Home Depot from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $360.00 to $455.00 in a research report on Friday, November 8th. Evercore ISI increased their price objective on shares of Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Finally, DA Davidson boosted their target price on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $433.44.

Home Depot Stock Down 1.6 %

HD stock opened at $402.76 on Wednesday. The company has a 50 day moving average of $403.70 and a two-hundred day moving average of $397.03. The company has a market cap of $400.08 billion, a price-to-earnings ratio of 27.36, a PEG ratio of 4.18 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. The company has a quick ratio of 0.31, a current ratio of 1.13 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.