Conscious Wealth Investments LLC Acquires 1,318 Shares of The Home Depot, Inc. (NYSE:HD)

Conscious Wealth Investments LLC boosted its holdings in The Home Depot, Inc. (NYSE:HD) by 8.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 17,875 shares of the home improvement retailer’s stock after acquiring an additional 1,318 shares during the period. Home Depot accounts for about 5.0% of Conscious Wealth Investments LLC’s portfolio, making the stock its 3rd biggest position. Conscious Wealth Investments LLC’s holdings in Home Depot were worth $7,318,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HD. Synergy Asset Management LLC acquired a new position in Home Depot during the 4th quarter valued at approximately $26,000. Wingate Wealth Advisors Inc. bought a new stake in Home Depot in the fourth quarter valued at $28,000. Legacy Investment Solutions LLC bought a new stake in Home Depot in the third quarter valued at $41,000. Sugar Maple Asset Management LLC acquired a new position in shares of Home Depot during the fourth quarter valued at $41,000. Finally, Marshall Investment Management LLC bought a new position in shares of Home Depot during the fourth quarter worth about $41,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on HD shares. 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. Truist Financial lifted their price target on Home Depot from $465.00 to $467.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Mizuho increased their price objective on Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Barclays raised their target price on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. boosted their price target on Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. One equities research 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $433.44.

Home Depot Price Performance

Shares of NYSE:HD opened at $384.82 on Monday. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The stock has a fifty day moving average of $402.13 and a 200-day moving average of $397.93. The company has a market capitalization of $382.26 billion, a PE ratio of 26.14, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13.

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.