American National Bank Acquires 841 Shares of The Home Depot, Inc. (NYSE:HD)

American National Bank grew its position in The Home Depot, Inc. (NYSE:HD) by 2.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,726 shares of the home improvement retailer’s stock after buying an additional 841 shares during the quarter. Home Depot accounts for about 1.5% of American National Bank’s portfolio, making the stock its 15th largest holding. American National Bank’s holdings in Home Depot were worth $12,298,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Capital Research Global Investors increased its holdings in Home Depot by 7.2% in the 4th quarter. Capital Research Global Investors now owns 14,765,587 shares of the home improvement retailer’s stock worth $5,117,016,000 after purchasing an additional 992,444 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Home Depot by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,217,777 shares of the home improvement retailer’s stock valued at $4,540,197,000 after buying an additional 347,614 shares during the last quarter. Norges Bank bought a new position in Home Depot in the 4th quarter valued at approximately $4,311,070,000. Fisher Asset Management LLC boosted its position in Home Depot by 2.3% during the 4th quarter. Fisher Asset Management LLC now owns 8,802,085 shares of the home improvement retailer’s stock worth $3,050,363,000 after buying an additional 195,670 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its position in Home Depot by 15.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,437,805 shares of the home improvement retailer’s stock valued at $2,853,143,000 after acquiring an additional 971,833 shares during the period. Institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

HD has been the subject of a number of analyst reports. Raymond James restated a “market perform” rating on shares of Home Depot in a research report on Wednesday, May 15th. Truist Financial reduced their price objective on shares of Home Depot from $396.00 to $395.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th. StockNews.com cut Home Depot from a “buy” rating to a “hold” rating in a research note on Saturday, May 25th. Royal Bank of Canada cut their price target on shares of Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a report on Wednesday, August 14th. Finally, Jefferies Financial Group began coverage on Home Depot in a research report on Tuesday, July 16th. They issued a “buy” rating and a $426.00 price objective on the stock. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $386.33.

Home Depot Trading Down 1.0 %

Shares of NYSE:HD traded down $3.85 on Thursday, hitting $366.61. The company had a trading volume of 1,721,824 shares, compared to its average volume of 3,432,073. The firm’s 50-day simple moving average is $352.51 and its two-hundred day simple moving average is $353.44. The firm has a market capitalization of $363.54 billion, a price-to-earnings ratio of 24.70, a P/E/G ratio of 2.48 and a beta of 0.98. The company has a quick ratio of 0.42, a current ratio of 1.34 and a debt-to-equity ratio of 23.11. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. The company had revenue of $43.18 billion for the quarter, compared to analysts’ expectations of $42.57 billion. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. Home Depot’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.65 EPS. Equities analysts anticipate that The Home Depot, Inc. will post 15.28 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 29th will be given a dividend of $2.25 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a yield of 2.45%. Home Depot’s dividend payout ratio (DPR) is 60.36%.

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.