Howard Capital Management Inc. Purchases 425 Shares of The Home Depot, Inc. (NYSE:HD)

Howard Capital Management Inc. raised its position in shares of The Home Depot, Inc. (NYSE:HD) by 6.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,847 shares of the home improvement retailer’s stock after acquiring an additional 425 shares during the period. Howard Capital Management Inc.’s holdings in Home Depot were worth $2,663,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Wealthspire Advisors LLC boosted its holdings in Home Depot by 9.0% during the fourth quarter. Wealthspire Advisors LLC now owns 23,717 shares of the home improvement retailer’s stock valued at $9,226,000 after acquiring an additional 1,959 shares during the period. Your Advocates Ltd. LLP boosted its holdings in Home Depot by 27.4% during the fourth quarter. Your Advocates Ltd. LLP now owns 186 shares of the home improvement retailer’s stock valued at $72,000 after acquiring an additional 40 shares during the period. Marshall Investment Management LLC bought a new stake in Home Depot during the fourth quarter valued at about $41,000. JBR Co Financial Management Inc boosted its holdings in Home Depot by 7.9% during the fourth quarter. JBR Co Financial Management Inc now owns 685 shares of the home improvement retailer’s stock valued at $266,000 after acquiring an additional 50 shares during the period. Finally, ST. Nicholas Private Asset Management Inc. bought a new stake in Home Depot during the fourth quarter valued at about $6,469,000. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Performance

NYSE HD opened at $384.82 on Friday. The firm has a market cap of $382.26 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 4.03 and a beta of 1.05. The company has a 50 day moving average of $402.13 and a 200-day moving average of $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 Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37.

Analysts Set New Price Targets

Several research firms recently weighed in on HD. Royal Bank of Canada increased their target price on shares of Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research note on Monday, November 11th. 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 note on Thursday, February 13th. JPMorgan Chase & Co. increased their target price on shares of Home Depot from $450.00 to $475.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Bank of America increased their target price on shares of Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, Stifel Nicolaus increased their target price on shares of Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a research note on Monday, November 11th. One 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.