World Investment Advisors Boosts Holdings in The Home Depot, Inc. (NYSE:HD)

World Investment Advisors raised its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 13.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,006 shares of the home improvement retailer's stock after purchasing an additional 6,907 shares during the quarter. World Investment Advisors' holdings in Home Depot were worth $22,175,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. POM Investment Strategies LLC boosted its stake in Home Depot by 1.1% in the fourth quarter. POM Investment Strategies LLC now owns 2,117 shares of the home improvement retailer's stock valued at $824,000 after acquiring an additional 24 shares in the last quarter. Center for Financial Planning Inc. lifted its holdings in shares of Home Depot by 0.5% during the 4th quarter. Center for Financial Planning Inc. now owns 4,653 shares of the home improvement retailer's stock valued at $1,810,000 after purchasing an additional 24 shares during the last quarter. Insight Inv LLC boosted its position in shares of Home Depot by 2.0% in the 3rd quarter. Insight Inv LLC now owns 1,246 shares of the home improvement retailer's stock worth $505,000 after purchasing an additional 25 shares in the last quarter. Marino Stram & Associates LLC grew its stake in Home Depot by 2.3% during the 4th quarter. Marino Stram & Associates LLC now owns 1,108 shares of the home improvement retailer's stock worth $431,000 after buying an additional 25 shares during the last quarter. Finally, Live Oak Private Wealth LLC increased its position in Home Depot by 0.5% during the 4th quarter. Live Oak Private Wealth LLC now owns 4,915 shares of the home improvement retailer's stock valued at $1,912,000 after buying an additional 25 shares in the last quarter. 70.86% of the stock is owned by institutional investors.

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Home Depot Trading Down 4.1 %

NYSE:HD traded down $15.12 on Thursday, reaching $355.77. The company's stock had a trading volume of 5,402,816 shares, compared to its average volume of 3,444,510. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37. The stock has a 50 day moving average price of $386.11 and a 200 day moving average price of $398.35. The firm has a market cap of $353.64 billion, a price-to-earnings ratio of 24.17, a price-to-earnings-growth ratio of 4.03 and a beta of 1.08. 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 posted its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, beating analysts' consensus estimates of $3.04 by $0.09. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company had revenue of $39.70 billion for the quarter, compared to analysts' expectations of $39.15 billion. During the same quarter in the prior year, the company posted $2.82 earnings per share. Home Depot's revenue for the quarter was up 14.1% compared to the same quarter last year. On average, equities analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a dividend of $2.30 per share. This is a positive change from Home Depot's previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a dividend yield of 2.59%. The ex-dividend date was Thursday, March 13th. Home Depot's dividend payout ratio (DPR) is currently 61.66%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Guggenheim reissued a "buy" rating and issued a $450.00 price target on shares of Home Depot in a report on Wednesday, February 26th. HSBC raised shares of Home Depot from a "reduce" rating to a "hold" rating and boosted their target price for the stock from $356.00 to $410.00 in a research report on Wednesday, February 26th. Truist Financial lowered their price objective on shares of Home Depot from $467.00 to $437.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. JPMorgan Chase & Co. upped their target price on Home Depot from $450.00 to $475.00 and gave the company an "overweight" rating in a research report on Monday, February 10th. Finally, Piper Sandler lowered their price target on Home Depot from $435.00 to $418.00 and set an "overweight" rating for the company in a research report on Monday, March 24th. Nine analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Home Depot presently has a consensus rating of "Moderate Buy" and a consensus price target of $435.85.

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.