Cabot Wealth Management Inc. Has $13.42 Million Position in The Home Depot, Inc. (NYSE:HD)

Cabot Wealth Management Inc. grew its stake in The Home Depot, Inc. (NYSE:HD) by 1.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,509 shares of the home improvement retailer’s stock after buying an additional 626 shares during the period. Home Depot accounts for about 1.7% of Cabot Wealth Management Inc.’s holdings, making the stock its 19th biggest holding. Cabot Wealth Management Inc.’s holdings in Home Depot were worth $13,424,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Synergy Asset Management LLC acquired a new stake in Home Depot during the 4th quarter valued at approximately $26,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Home Depot in the 4th quarter worth approximately $28,000. Legacy Investment Solutions LLC bought a new stake in shares of Home Depot in the 3rd quarter valued at $41,000. Marshall Investment Management LLC acquired a new stake in shares of Home Depot during the fourth quarter worth $41,000. Finally, Sugar Maple Asset Management LLC bought a new position in Home Depot during the fourth quarter worth $41,000. 70.86% of the stock is currently owned by institutional investors.

Home Depot Trading Down 2.5 %

NYSE HD opened at $384.82 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The business has a fifty day simple moving average of $402.13 and a 200 day simple moving average of $397.54. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. The firm has a market capitalization of $382.26 billion, a P/E ratio of 26.14, a PEG ratio of 4.03 and a beta of 1.05.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Stifel Nicolaus upped their price target on shares of Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Evercore ISI upped their target price on Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Telsey Advisory Group reiterated an “outperform” rating and issued a $455.00 target price on shares of Home Depot in a report on Thursday. Mizuho boosted their price target on Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Finally, Barclays raised their price objective on shares of Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.