Alberta Investment Management Corp Purchases 200 Shares of The Home Depot, Inc. (NYSE:HD)

Alberta Investment Management Corp grew its position in The Home Depot, Inc. (NYSE:HD) by 3.5% during the fourth quarter, HoldingsChannel reports. The firm owned 5,900 shares of the home improvement retailer’s stock after buying an additional 200 shares during the period. Alberta Investment Management Corp’s holdings in Home Depot were worth $2,295,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. AMF Tjanstepension AB increased its holdings in Home Depot by 10.8% in the third quarter. AMF Tjanstepension AB now owns 171,005 shares of the home improvement retailer’s stock worth $69,340,000 after purchasing an additional 16,650 shares in the last quarter. SYM FINANCIAL Corp grew its position in shares of Home Depot by 17.8% during the 3rd quarter. SYM FINANCIAL Corp now owns 1,917 shares of the home improvement retailer’s stock worth $777,000 after buying an additional 289 shares during the period. Wealth Group Ltd. bought a new stake in shares of Home Depot in the 3rd quarter valued at $217,000. Swedbank AB lifted its position in shares of Home Depot by 17.1% during the 3rd quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer’s stock valued at $368,542,000 after acquiring an additional 132,967 shares during the period. Finally, Waldron Private Wealth LLC boosted its stake in Home Depot by 6.1% during the third quarter. Waldron Private Wealth LLC now owns 11,120 shares of the home improvement retailer’s stock worth $4,506,000 after acquiring an additional 644 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Price Performance

Home Depot stock opened at $394.63 on Friday. The business’s 50 day simple moving average is $402.77 and its 200 day simple moving average is $397.00. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. The company has a market cap of $392.01 billion, a price-to-earnings ratio of 26.81, a PEG ratio of 4.12 and a beta of 1.05. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HD. Royal Bank of Canada boosted their target price on Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research report on Monday, November 11th. TD Cowen boosted their price objective on Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a report on Monday, October 28th. Bank of America increased their target price on Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Evercore ISI boosted their price target on shares of Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Home Depot from $450.00 to $475.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $433.44.

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.