BankPlus Trust Department Makes New $3.31 Million Investment in The Home Depot, Inc. (NYSE:HD)

BankPlus Trust Department purchased a new stake in The Home Depot, Inc. (NYSE:HD) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 8,514 shares of the home improvement retailer’s stock, valued at approximately $3,312,000. Home Depot accounts for approximately 1.1% of BankPlus Trust Department’s holdings, making the stock its 13th biggest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Synergy Asset Management LLC bought a new position in shares of Home Depot during the fourth quarter worth about $26,000. Wingate Wealth Advisors Inc. bought a new position in Home Depot in the fourth quarter valued at $28,000. Legacy Investment Solutions LLC bought a new stake in Home Depot during the 3rd quarter worth about $41,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Home Depot in the fourth quarter valued at about $41,000. Finally, Marshall Investment Management LLC acquired a new position in Home Depot during the fourth quarter valued at approximately $41,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HD has been the topic of several research analyst reports. Barclays increased their price objective on shares of Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. increased their target price on Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Royal Bank of Canada boosted their price target on Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research note on Monday, November 11th. Stifel Nicolaus lifted their target price on Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Finally, Evercore ISI increased their target price 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. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $433.44.

Home Depot Trading Down 2.5 %

Shares of Home Depot stock opened at $384.82 on Monday. The firm has a market capitalization of $382.26 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 4.03 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 stock has a 50 day moving average of $402.13 and a 200 day moving average of $397.93. 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.