Fisher Funds Management LTD Invests $27.80 Million in The Home Depot, Inc. (NYSE:HD)

Fisher Funds Management LTD purchased a new position in The Home Depot, Inc. (NYSE:HD) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 71,446 shares of the home improvement retailer’s stock, valued at approximately $27,798,000.

Other large investors have also recently modified their holdings of the company. Geode Capital Management LLC increased its holdings in Home Depot by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 21,700,427 shares of the home improvement retailer’s stock worth $8,767,449,000 after buying an additional 433,126 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of Home Depot by 2.2% during the 3rd quarter. Fisher Asset Management LLC now owns 9,426,649 shares of the home improvement retailer’s stock valued at $3,819,679,000 after purchasing an additional 205,954 shares during the period. FMR LLC grew its stake in shares of Home Depot by 10.1% during the 3rd quarter. FMR LLC now owns 8,679,237 shares of the home improvement retailer’s stock valued at $3,516,827,000 after purchasing an additional 795,438 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Home Depot by 5.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,030,483 shares of the home improvement retailer’s stock valued at $3,253,952,000 after purchasing an additional 409,890 shares during the period. Finally, Swiss National Bank grew its stake in shares of Home Depot by 0.3% during the 3rd quarter. Swiss National Bank now owns 2,943,400 shares of the home improvement retailer’s stock valued at $1,192,666,000 after purchasing an additional 9,200 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of Home Depot stock opened at $384.82 on Friday. The stock’s fifty day moving average is $402.13 and its two-hundred day moving average is $397.54. The company has a market capitalization of $382.26 billion, a PE ratio of 26.14, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. 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 Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37.

Analyst Ratings Changes

HD has been the subject of a number of recent research reports. 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. Barclays boosted their price target on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Truist Financial boosted their price target on Home Depot from $465.00 to $467.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Evercore ISI boosted their price target on Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Finally, Stifel Nicolaus lifted their price objective on Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.