Joel Adams & Associates Inc. Takes Position in The Home Depot, Inc. (NYSE:HD)

Joel Adams & Associates Inc. acquired a new stake in shares of The Home Depot, Inc. (NYSE:HD) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 736 shares of the home improvement retailer’s stock, valued at approximately $286,000.

A number of other institutional investors have also recently added to or reduced their stakes in HD. Synergy Asset Management LLC purchased a new stake in Home Depot during the 4th quarter worth $26,000. Wingate Wealth Advisors Inc. purchased a new stake in Home Depot during the 4th quarter worth $28,000. Legacy Investment Solutions LLC purchased a new stake in Home Depot during the 3rd quarter worth $41,000. Sugar Maple Asset Management LLC purchased a new stake in Home Depot during the 4th quarter worth $41,000. Finally, Finley Financial LLC acquired a new position in Home Depot in the 4th quarter worth $59,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Price Performance

HD opened at $394.77 on Thursday. The firm has a market cap of $392.15 billion, a price-to-earnings ratio of 26.82, a price-to-earnings-growth 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’s 50-day moving average price is $403.17 and its 200 day moving average price is $397.01. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HD. Bank of America boosted their price objective on shares of Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Telsey Advisory Group upgraded shares of Home Depot from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $360.00 to $455.00 in a report on Friday, November 8th. Barclays boosted their price objective on shares of Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Stifel Nicolaus boosted their price objective on shares of Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Finally, TD Cowen boosted their price objective on shares of Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a report on Monday, October 28th. 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 stock. According to data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and an average price target 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.