The Home Depot, Inc. (NYSE:HD) Stake Raised by American National Bank & Trust

American National Bank & Trust increased its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 4.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,994 shares of the home improvement retailer's stock after acquiring an additional 1,398 shares during the period. Home Depot makes up about 1.4% of American National Bank & Trust's investment portfolio, making the stock its 22nd biggest position. American National Bank & Trust's holdings in Home Depot were worth $12,825,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of HD. Synergy Asset Management LLC purchased a new stake in Home Depot in the 4th quarter valued at approximately $26,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Home Depot during the 4th quarter worth $28,000. Navigoe LLC purchased a new position in shares of Home Depot during the 4th quarter worth $29,000. Bradley & Co. Private Wealth Management LLC purchased a new position in shares of Home Depot during the 4th quarter worth $32,000. Finally, Quarry LP lifted its stake in shares of Home Depot by 220.0% during the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock worth $37,000 after purchasing an additional 66 shares during the period. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Stock Up 0.2%

Shares of Home Depot stock traded up $0.58 during trading hours on Thursday, hitting $370.68. 960,027 shares of the company's stock traded hands, compared to its average volume of 3,402,852. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a twelve month low of $323.93 and a twelve month high of $439.37. The stock has a 50 day simple moving average of $361.54 and a 200-day simple moving average of $385.28. The company has a market cap of $368.80 billion, a PE ratio of 25.18, a PEG ratio of 4.03 and a beta of 1.05.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results 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). Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company had revenue of $39.86 billion for the quarter, compared to the consensus estimate of $39.24 billion. During the same period in the previous year, the business posted $3.63 EPS. The business's revenue for the quarter was up 9.4% on a year-over-year basis. Equities research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be given a dividend of $2.30 per share. The ex-dividend date is Thursday, June 5th. This represents a $9.20 annualized dividend and a dividend yield of 2.48%. Home Depot's payout ratio is 62.42%.

Insider Transactions at Home Depot

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

Wall Street Analyst Weigh In

HD has been the topic of a number of recent analyst reports. Sanford C. Bernstein reissued a "market perform" rating and set a $398.00 price target (up previously from $380.00) on shares of Home Depot in a research note on Wednesday, May 21st. Jefferies Financial Group reduced their price target on Home Depot from $461.00 to $456.00 in a research note on Tuesday, May 20th. Guggenheim reissued a "buy" rating and set a $450.00 price target on shares of Home Depot in a research note on Wednesday, May 21st. TD Securities lowered Home Depot to a "buy" rating in a research note on Monday. Finally, Stifel Nicolaus raised Home Depot from a "hold" rating to a "buy" rating and increased their price target for the stock from $405.00 to $425.00 in a research note on Wednesday, May 21st. Seven research 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 company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price 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.