Pine Valley Investments Ltd Liability Co Increases Holdings in The Home Depot, Inc. (NYSE:HD)

Pine Valley Investments Ltd Liability Co boosted its position in The Home Depot, Inc. (NYSE:HD) by 5.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,703 shares of the home improvement retailer’s stock after buying an additional 1,605 shares during the period. Home Depot makes up approximately 0.7% of Pine Valley Investments Ltd Liability Co’s investment portfolio, making the stock its 28th largest holding. Pine Valley Investments Ltd Liability Co’s holdings in Home Depot were worth $12,332,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Home Depot in the third quarter valued at approximately $336,231,000. FMR LLC increased its holdings in shares of Home Depot by 10.1% during the 3rd quarter. FMR LLC now owns 8,679,237 shares of the home improvement retailer’s stock valued at $3,516,827,000 after purchasing an additional 795,438 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of Home Depot by 295.6% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 693,318 shares of the home improvement retailer’s stock valued at $280,932,000 after purchasing an additional 518,054 shares during the period. Strategic Financial Concepts LLC boosted its holdings in Home Depot by 37,025.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 480,780 shares of the home improvement retailer’s stock worth $187,019,000 after buying an additional 479,485 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Home Depot by 2.0% during the third quarter. Geode Capital Management LLC now owns 21,700,427 shares of the home improvement retailer’s stock valued at $8,767,449,000 after buying an additional 433,126 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Down 1.1 %

Shares of NYSE:HD opened at $381.12 on Tuesday. The firm has a market capitalization of $378.59 billion, a PE ratio of 25.89, a price-to-earnings-growth ratio of 4.03 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. The firm’s 50-day moving average is $401.53 and its two-hundred day moving average is $398.16.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on HD. Mizuho upped their price objective on shares of Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. TD Cowen upped their price target on Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Barclays raised their price objective on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Truist Financial boosted their price objective on Home Depot from $465.00 to $467.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $455.00 target price on shares of Home Depot in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.