World Investment Advisors Purchases 1,552 Shares of The Home Depot, Inc. $HD

World Investment Advisors lifted its holdings in The Home Depot, Inc. (NYSE:HD) by 2.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 75,484 shares of the home improvement retailer’s stock after acquiring an additional 1,552 shares during the period. Home Depot makes up approximately 0.6% of World Investment Advisors’ portfolio, making the stock its 29th biggest position. World Investment Advisors’ holdings in Home Depot were worth $30,586,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Legend Financial Advisors Inc. bought a new stake in Home Depot in the second quarter worth approximately $28,000. Sagard Holdings Management Inc. acquired a new stake in shares of Home Depot during the 2nd quarter worth approximately $29,000. LFA Lugano Financial Advisors SA bought a new stake in shares of Home Depot in the 2nd quarter valued at $32,000. Legacy Investment Solutions LLC acquired a new position in shares of Home Depot during the 2nd quarter valued at $35,000. Finally, Dougherty Wealth Advisers LLC acquired a new position in shares of Home Depot during the 3rd quarter valued at $38,000. Institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

HD has been the subject of a number of research reports. Wolfe Research raised their price target on shares of Home Depot from $414.00 to $415.00 and gave the stock an “outperform” rating in a report on Monday. Argus reduced their target price on Home Depot from $450.00 to $425.00 and set a “buy” rating for the company in a research note on Thursday, November 20th. DZ Bank reaffirmed a “sell” rating on shares of Home Depot in a research note on Tuesday, November 18th. Stifel Nicolaus cut their price target on Home Depot from $370.00 to $350.00 and set a “hold” rating on the stock in a report on Monday, December 1st. Finally, UBS Group set a $430.00 price objective on Home Depot in a report on Wednesday, December 10th. Twenty-one investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and an average price target of $402.10.

Insider Transactions at Home Depot

In other Home Depot news, EVP Angie Brown sold 1,946 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $357.63, for a total value of $695,947.98. Following the completion of the sale, the executive vice president owned 3,941 shares in the company, valued at approximately $1,409,419.83. This trade represents a 33.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Ann Marie Campbell sold 145 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $358.26, for a total value of $51,947.70. Following the completion of the transaction, the executive vice president owned 12,320 shares in the company, valued at $4,413,763.20. The trade was a 1.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is owned by company insiders.

Home Depot Stock Performance

Shares of HD opened at $347.08 on Friday. The firm has a market capitalization of $345.52 billion, a P/E ratio of 23.66, a P/E/G ratio of 12.94 and a beta of 1.06. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $426.75. The stock has a 50 day moving average price of $362.26 and a two-hundred day moving average price of $378.04. The company has a debt-to-equity ratio of 3.82, a quick ratio of 0.29 and a current ratio of 1.05.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). Home Depot had a net margin of 8.77% and a return on equity of 160.74%. The company had revenue of $41.35 billion during the quarter, compared to the consensus estimate of $41.06 billion. During the same quarter in the prior year, the business earned $3.78 EPS. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Equities analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were issued a $2.30 dividend. The ex-dividend date was Thursday, December 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.7%. Home Depot’s dividend payout ratio is currently 62.71%.

Home Depot Profile

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.