Security National Bank Acquires 770 Shares of The Home Depot, Inc. (NYSE:HD)


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Security National Bank raised its holdings in The Home Depot, Inc. (NYSE:HD) by 45.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,455 shares of the home improvement retailer’s stock after buying an additional 770 shares during the quarter. Security National Bank’s holdings in The Home Depot were worth $749,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. CI Investments Inc. increased its holdings in The Home Depot by 7.4% in the 4th quarter. CI Investments Inc. now owns 80,119 shares of the home improvement retailer’s stock valued at $21,281,000 after buying an additional 5,505 shares during the period. Clearview Wealth Advisors LLC bought a new stake in shares of The Home Depot in the 4th quarter worth about $249,000. S&CO Inc. bought a new stake in shares of The Home Depot in the 3rd quarter worth about $5,027,000. Venture Visionary Partners LLC grew its holdings in shares of The Home Depot by 99.2% in the 4th quarter. Venture Visionary Partners LLC now owns 27,768 shares of the home improvement retailer’s stock worth $7,375,000 after purchasing an additional 13,825 shares during the last quarter. Finally, IFP Advisors Inc grew its holdings in shares of The Home Depot by 14.0% in the 4th quarter. IFP Advisors Inc now owns 19,001 shares of the home improvement retailer’s stock worth $5,059,000 after purchasing an additional 2,330 shares during the last quarter. 68.71% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have recently weighed in on HD shares. Zelman & Associates raised shares of The Home Depot from a “hold” rating to a “buy” rating in a report on Friday, February 12th. Citigroup started coverage on shares of The Home Depot in a report on Monday, March 15th. They issued a “buy” rating and a $288.00 target price on the stock. Guggenheim raised shares of The Home Depot from a “neutral” rating to a “buy” rating and set a $310.00 target price on the stock in a report on Wednesday, January 13th. Credit Suisse Group reaffirmed a “buy” rating and issued a $319.00 target price on shares of The Home Depot in a report on Thursday, March 25th. Finally, Wells Fargo & Company upped their price target on shares of The Home Depot from $310.00 to $330.00 and gave the stock an “overweight” rating in a research report on Monday, March 29th. They noted that the move was a valuation call. Five analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $299.32.

The Home Depot stock traded up $0.38 during trading hours on Thursday, reaching $312.85. 78,380 shares of the company’s stock traded hands, compared to its average volume of 4,696,611. The company has a debt-to-equity ratio of 21.39, a quick ratio of 0.72 and a current ratio of 1.36. The Home Depot, Inc. has a fifty-two week low of $191.54 and a fifty-two week high of $315.94. The firm has a market capitalization of $336.81 billion, a price-to-earnings ratio of 27.03, a PEG ratio of 2.13 and a beta of 1.03. The firm’s 50 day moving average is $280.49 and its 200-day moving average is $276.00.

The Home Depot (NYSE:HD) last announced its quarterly earnings results on Monday, February 22nd. The home improvement retailer reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $2.63 by $0.02. The business had revenue of $32.26 billion for the quarter, compared to the consensus estimate of $27.10 billion. The Home Depot had a net margin of 9.94% and a negative return on equity of 910.85%. The Home Depot’s revenue for the quarter was up 25.1% on a year-over-year basis. During the same period last year, the company posted $2.28 EPS. Analysts predict that The Home Depot, Inc. will post 11.76 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 25th. Investors of record on Thursday, March 11th were given a $1.65 dividend. This represents a $6.60 dividend on an annualized basis and a dividend yield of 2.11%. This is an increase from The Home Depot’s previous quarterly dividend of $1.50. The ex-dividend date was Wednesday, March 10th. The Home Depot’s dividend payout ratio (DPR) is currently 64.39%.

The Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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Institutional Ownership by Quarter for The Home Depot (NYSE:HD)

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