Redmond Asset Management LLC Purchases New Position in The Home Depot, Inc. (NYSE:HD)

Redmond Asset Management LLC purchased a new stake in The Home Depot, Inc. (NYSE:HD) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 583 shares of the home improvement retailer’s stock, valued at approximately $227,000.

A number of other institutional investors have also recently made changes to their positions in HD. Synergy Asset Management LLC purchased a new stake in Home Depot in the 4th quarter worth about $26,000. Wingate Wealth Advisors Inc. purchased a new stake in Home Depot in the 4th quarter worth about $28,000. Legacy Investment Solutions LLC purchased a new stake in Home Depot in the 3rd quarter worth about $41,000. Sugar Maple Asset Management LLC purchased a new stake in Home Depot in the 4th quarter worth about $41,000. Finally, Finley Financial LLC purchased a new stake in Home Depot in the 4th quarter worth about $59,000. Institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

HD has been the topic of a number of recent analyst reports. Truist Financial increased their price objective on shares of Home Depot from $465.00 to $467.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Royal Bank of Canada increased their price objective on shares of Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a research report on Monday, November 11th. Evercore ISI increased their price objective on shares of Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Telsey Advisory Group reissued an “outperform” rating and issued a $455.00 price objective on shares of Home Depot in a research report on Thursday. Finally, Wells Fargo & Company raised their target price on shares of Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. One investment 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 company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $433.44.

Home Depot Price Performance

Shares of HD opened at $384.82 on Friday. The company has a market cap of $382.26 billion, a price-to-earnings ratio of 26.14, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The company has a 50 day moving average of $402.13 and a two-hundred day moving average of $397.54.

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.