Puff Wealth Management LLC Takes Position in The Home Depot, Inc. (NYSE:HD)

Puff Wealth Management LLC bought a new position in The Home Depot, Inc. (NYSE:HD) during the fourth quarter, Holdings Channel reports. The firm bought 733 shares of the home improvement retailer’s stock, valued at approximately $285,000.

Several other large investors have also added to or reduced their stakes in the business. Synergy Asset Management LLC purchased a new stake in shares of Home Depot in the fourth quarter worth approximately $26,000. Wingate Wealth Advisors Inc. bought a new stake in Home Depot during the fourth quarter worth $28,000. Legacy Investment Solutions LLC purchased a new stake in Home Depot in the 3rd quarter valued at $41,000. Sugar Maple Asset Management LLC bought a new position in Home Depot during the 4th quarter valued at $41,000. Finally, Livelsberger Financial Advisory purchased a new position in Home Depot during the 3rd quarter worth $46,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Down 0.7 %

HD stock opened at $409.47 on Friday. The stock has a 50-day simple moving average of $404.49 and a two-hundred day simple moving average of $395.91. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. The firm has a market capitalization of $406.75 billion, a PE ratio of 27.82, a PEG ratio of 4.22 and a beta of 1.05. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

Insider Activity at Home Depot

In related news, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total transaction of $40,258.00. Following the completion of the sale, the executive vice president now owns 12,465 shares of the company’s stock, valued at approximately $5,018,159.70. This trade represents a 0.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Timothy A. Hourigan sold 16,004 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $409.52, for a total value of $6,553,958.08. Following the completion of the transaction, the executive vice president now owns 77,475 shares in the company, valued at $31,727,562. This represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Telsey Advisory Group raised shares of Home Depot from a “market perform” rating to an “outperform” rating and raised their price target for the company from $360.00 to $455.00 in a research report on Friday, November 8th. Mizuho lifted their target price 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. Morgan Stanley boosted their target price on Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Barclays increased their price target 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, Wells Fargo & Company boosted their price objective on Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a research report on Thursday. 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $433.44.

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.