American National Bank Has $8.70 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

American National Bank lifted its position in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) by 2.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,558 shares of the home improvement retailer’s stock after purchasing an additional 683 shares during the quarter. Home Depot makes up about 1.8% of American National Bank’s investment portfolio, making the stock its 16th largest position. American National Bank’s holdings in Home Depot were worth $8,704,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Heartwood Wealth Advisors LLC lifted its stake in Home Depot by 4.1% during the third quarter. Heartwood Wealth Advisors LLC now owns 1,582 shares of the home improvement retailer’s stock worth $437,000 after purchasing an additional 63 shares during the period. West Branch Capital LLC boosted its stake in Home Depot by 0.4% in the 3rd quarter. West Branch Capital LLC now owns 10,863 shares of the home improvement retailer’s stock valued at $2,998,000 after buying an additional 41 shares in the last quarter. Bell & Brown Wealth Advisors LLC grew its position in Home Depot by 3.3% in the third quarter. Bell & Brown Wealth Advisors LLC now owns 7,824 shares of the home improvement retailer’s stock valued at $2,159,000 after acquiring an additional 253 shares during the period. Community Bank of Raymore raised its stake in Home Depot by 120.0% during the third quarter. Community Bank of Raymore now owns 1,650 shares of the home improvement retailer’s stock worth $455,000 after acquiring an additional 900 shares in the last quarter. Finally, Alphastar Capital Management LLC lifted its holdings in shares of Home Depot by 5.3% during the third quarter. Alphastar Capital Management LLC now owns 20,249 shares of the home improvement retailer’s stock valued at $5,587,000 after acquiring an additional 1,025 shares during the period. 68.31% of the stock is currently owned by institutional investors.

Home Depot Stock Performance

Shares of HD stock opened at $288.39 on Friday. The stock has a market cap of $292.70 billion, a PE ratio of 17.29, a price-to-earnings-growth ratio of 1.61 and a beta of 0.93. The stock has a 50-day moving average of $310.70 and a 200-day moving average of $303.66. The company has a debt-to-equity ratio of 26.86, a current ratio of 1.41 and a quick ratio of 0.33. The Home Depot, Inc. has a one year low of $264.51 and a one year high of $347.25.

Home Depot (NYSE:HD – Get Rating) last issued its earnings results on Tuesday, February 21st. The home improvement retailer reported $3.30 EPS for the quarter, beating the consensus estimate of $3.26 by $0.04. The firm had revenue of $35.83 billion during the quarter, compared to the consensus estimate of $36 billion. Home Depot had a net margin of 10.87% and a return on equity of 4,929.40%. The business’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.21 earnings per share. As a group, sell-side analysts expect that The Home Depot, Inc. will post 15.85 earnings per share for the current year.

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 23rd. Stockholders of record on Thursday, March 9th will be issued a dividend of $2.09 per share. This represents a $8.36 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend is Wednesday, March 8th. This is a boost from Home Depot’s previous quarterly dividend of $1.90. Home Depot’s payout ratio is 50.12%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Barclays lowered their target price on shares of Home Depot from $323.00 to $310.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 22nd. Oppenheimer decreased their price objective on shares of Home Depot from $470.00 to $400.00 and set an “outperform” rating on the stock in a research note on Friday, February 17th. Sanford C. Bernstein started coverage on shares of Home Depot in a research note on Tuesday, December 6th. They issued a “market perform” rating and a $337.00 target price for the company. Telsey Advisory Group decreased their price target on Home Depot from $360.00 to $340.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 22nd. Finally, UBS Group dropped their price target on Home Depot from $350.00 to $340.00 and set a “buy” rating for the company in a report on Wednesday, February 22nd. Thirteen analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $331.45.

About Home Depot

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The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.