The Home Depot, Inc. (NYSE:HD) Shares Bought by Cumberland Partners Ltd

Cumberland Partners Ltd lifted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 2.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 79,608 shares of the home improvement retailer’s stock after purchasing an additional 2,234 shares during the period. Home Depot accounts for about 2.2% of Cumberland Partners Ltd’s portfolio, making the stock its 15th largest holding. Cumberland Partners Ltd’s holdings in Home Depot were worth $30,967,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in HD. Pegasus Asset Management Inc. grew its holdings in Home Depot by 1.8% in the 3rd quarter. Pegasus Asset Management Inc. now owns 4,994 shares of the home improvement retailer’s stock valued at $2,024,000 after buying an additional 86 shares in the last quarter. Pensionfund Sabic grew its holdings in shares of Home Depot by 51.4% in the fourth quarter. Pensionfund Sabic now owns 11,200 shares of the home improvement retailer’s stock valued at $4,357,000 after purchasing an additional 3,800 shares during the period. Swedbank AB increased its position in Home Depot by 17.1% during the third quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer’s stock worth $368,542,000 after purchasing an additional 132,967 shares during the last quarter. Wedmont Private Capital raised its stake in Home Depot by 12.5% during the fourth quarter. Wedmont Private Capital now owns 13,569 shares of the home improvement retailer’s stock worth $5,291,000 after purchasing an additional 1,506 shares during the period. Finally, Johnson & White Wealth Management LLC acquired a new position in Home Depot in the 4th quarter valued at about $1,793,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Stock Down 2.1 %

HD stock opened at $394.77 on Thursday. The company’s 50 day moving average price is $403.17 and its 200 day moving average price is $397.01. The firm has a market capitalization of $392.15 billion, a price-to-earnings ratio of 26.82, a PEG ratio of 4.18 and a beta of 1.05. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13.

Analyst Ratings Changes

Several analysts have recently commented on HD shares. Wells Fargo & Company lifted their price target 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. Evercore ISI upped their price target on Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. JPMorgan Chase & Co. raised their price objective on Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Royal Bank of Canada upped 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 report on Monday, November 11th. Finally, Stifel Nicolaus lifted their price target 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. 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $433.44.

Home Depot Company 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.