World Equity Group Inc. Raises Holdings in The Home Depot, Inc. (NYSE:HD)

World Equity Group Inc. grew its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 39.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,860 shares of the home improvement retailer's stock after purchasing an additional 1,666 shares during the period. World Equity Group Inc.'s holdings in Home Depot were worth $2,179,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of HD. Navigoe LLC acquired a new stake in shares of Home Depot during the 4th quarter valued at about $29,000. Bradley & Co. Private Wealth Management LLC bought a new position in Home Depot in the 4th quarter worth approximately $32,000. Quarry LP increased its position in shares of Home Depot by 220.0% during the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock valued at $37,000 after purchasing an additional 66 shares during the period. Sellwood Investment Partners LLC bought a new stake in shares of Home Depot during the fourth quarter valued at approximately $39,000. Finally, NewSquare Capital LLC increased its position in shares of Home Depot by 200.0% during the fourth quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer's stock valued at $40,000 after purchasing an additional 68 shares during the period. Institutional investors own 70.86% of the company's stock.

Insider Activity at Home Depot

In other news, EVP Fahim Siddiqui sold 2,600 shares of the firm's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total value of $954,564.00. Following the transaction, the executive vice president now owns 7,951 shares of the company's stock, valued at $2,919,130.14. This trade represents a 24.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total value of $1,996,327.68. Following the sale, the executive vice president now directly owns 17,367 shares in the company, valued at $6,413,285.76. This trade represents a 23.74% decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by insiders.

Home Depot Price Performance

NYSE HD traded up $3.18 during trading hours on Friday, reaching $350.21. 8,001,951 shares of the stock traded hands, compared to its average volume of 3,424,242. The company has a market cap of $348.44 billion, a price-to-earnings ratio of 23.76, a price-to-earnings-growth ratio of 3.32 and a beta of 1.02. The stock has a 50 day simple moving average of $362.65 and a two-hundred day simple moving average of $379.75. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.09 and a quick ratio of 0.28. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing the consensus estimate of $3.59 by ($0.03). The company had revenue of $39.86 billion during the quarter, compared to analysts' expectations of $39.24 billion. Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The firm's quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.63 EPS. On average, analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were given a dividend of $2.30 per share. The ex-dividend date was Thursday, June 5th. This represents a $9.20 annualized dividend and a yield of 2.63%. Home Depot's payout ratio is 62.42%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Mizuho decreased their price target on Home Depot from $450.00 to $435.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 21st. Royal Bank Of Canada dropped their price objective on Home Depot from $424.00 to $399.00 and set a "sector perform" rating for the company in a report on Thursday, May 15th. Truist Financial upped their price objective on Home Depot from $393.00 to $417.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Evercore ISI set a $400.00 price target on Home Depot and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Finally, KGI Securities raised Home Depot to a "strong-buy" rating in a research report on Monday, March 3rd. Seven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $426.77.

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.