World Investment Advisors LLC Buys 37,723 Shares of The Home Depot, Inc. (NYSE:HD)

World Investment Advisors LLC raised its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 304.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,099 shares of the home improvement retailer's stock after acquiring an additional 37,723 shares during the period. World Investment Advisors LLC's holdings in Home Depot were worth $20,300,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Fairway Wealth LLC bought a new stake in shares of Home Depot in the second quarter worth $25,000. Kings Path Partners LLC bought a new stake in Home Depot during the 2nd quarter valued at $33,000. Denver PWM LLC bought a new position in shares of Home Depot in the second quarter valued at $40,000. Legacy Investment Solutions LLC acquired a new position in shares of Home Depot during the third quarter valued at about $41,000. Finally, Livelsberger Financial Advisory bought a new stake in shares of Home Depot during the third quarter worth about $46,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Price Performance

NYSE HD traded down $6.93 during trading on Thursday, hitting $414.45. 3,672,002 shares of the stock traded hands, compared to its average volume of 3,374,974. The company has a market capitalization of $411.70 billion, a P/E ratio of 28.19, a price-to-earnings-growth ratio of 2.98 and a beta of 1.03. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37. The firm has a 50-day simple moving average of $411.56 and a 200-day simple moving average of $377.09. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.64 by $0.14. The company had revenue of $40.22 billion for the quarter, compared to the consensus estimate of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. Home Depot's revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.81 earnings per share. As a group, analysts predict that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Wednesday, November 27th. Home Depot's dividend payout ratio is currently 61.14%.

Analysts Set New Price Targets

Several brokerages recently weighed in on HD. Guggenheim raised their price target on shares of Home Depot from $390.00 to $450.00 and gave the company a "buy" rating in a research report on Friday, October 4th. Truist Financial upped their price objective on shares of Home Depot from $459.00 to $465.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Daiwa America raised shares of Home Depot to a "hold" rating in a research report on Thursday, August 15th. Wells Fargo & Company upped their target price on Home Depot from $400.00 to $430.00 and gave the company an "overweight" rating in a report on Wednesday, November 6th. Finally, Mizuho lifted their price target on Home Depot from $435.00 to $440.00 and gave the stock an "outperform" rating in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $426.00.

Insider Activity

In related news, EVP Ann Marie Campbell sold 100 shares of the business's stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total transaction of $40,258.00. Following the completion of the transaction, the executive vice president now owns 12,465 shares in the company, valued at $5,018,159.70. The trade was a 0.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Timothy A. Hourigan sold 16,004 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $409.52, for a total value of $6,553,958.08. Following the completion of the sale, the executive vice president now owns 77,475 shares in the company, valued at approximately $31,727,562. The trade was a 17.12 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,188 shares of company stock valued at $15,624,585. 0.10% of the stock is currently owned by insiders.

Home Depot Company 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.