Traders bought shares of The Home Depot Inc. (NYSE:HD) on weakness during trading hours on Thursday. $117.86 million flowed into the stock on the tick-up and $87.59 million flowed out of the stock on the tick-down, for a money net flow of $30.27 million into the stock. Of all equities tracked, The Home Depot had the 13th highest net in-flow for the day. The Home Depot traded down ($0.41) for the day and closed at $131.16

HD has been the topic of a number of research reports. Nomura Holdings Inc. upgraded The Home Depot from a “neutral” rating to a “buy” rating and raised their price target for the company from $140.00 to $155.00 in a research report on Thursday, June 23rd. Argus restated a “buy” rating and set a $150.00 price target (up previously from $145.00) on shares of The Home Depot in a research report on Wednesday, May 18th. JPMorgan Chase & Co. restated an “overweight” rating on shares of The Home Depot in a research report on Tuesday, May 17th. Deutsche Bank AG restated a “buy” rating on shares of The Home Depot in a research report on Wednesday, April 27th. Finally, Barclays PLC initiated coverage on The Home Depot in a research report on Wednesday, March 30th. They set an “overweight” rating and a $150.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $144.51.

The stock has a market cap of $167.12 billion and a price-to-earnings ratio of 23.60. The firm’s 50 day moving average is $129.64 and its 200-day moving average is $128.84.

The Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, May 17th. The home improvement retailer reported $1.44 EPS for the quarter, beating the consensus estimate of $1.35 by $0.09. The company had revenue of $22.80 billion for the quarter, compared to the consensus estimate of $22.35 billion. During the same period last year, the company earned $1.16 EPS. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. Equities analysts anticipate that The Home Depot Inc. will post $6.31 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 16th. Shareholders of record on Thursday, June 2nd were issued a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 2.05%. The ex-dividend date was Tuesday, May 31st.

In related news, EVP Mark Holifield sold 43,026 shares of the stock in a transaction dated Wednesday, May 18th. The shares were sold at an average price of $131.14, for a total value of $5,642,429.64. Following the completion of the transaction, the executive vice president now owns 55,951 shares of the company’s stock, valued at approximately $7,337,414.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Wayne M. Hewett purchased 350 shares of the stock in a transaction that occurred on Tuesday, May 31st. The stock was acquired at an average cost of $132.53 per share, with a total value of $46,385.50. Following the acquisition, the director now owns 1,050 shares in the company, valued at approximately $139,156.50. The disclosure for this purchase can be found here.

Other hedge funds and institutional investors have made changes to their positions in the company. Pinnacle Financial Partners Inc. increased its position in shares of The Home Depot by 3.6% in the fourth quarter. Pinnacle Financial Partners Inc. now owns 7,589 shares of the home improvement retailer’s stock worth $1,004,000 after buying an additional 264 shares during the last quarter. Security National Bank of SO Dak increased its position in shares of The Home Depot by 4.4% in the fourth quarter. Security National Bank of SO Dak now owns 7,651 shares of the home improvement retailer’s stock worth $1,012,000 after buying an additional 325 shares during the last quarter. Trexquant Investment LP acquired a new position in shares of The Home Depot during the fourth quarter worth approximately $1,058,000. Linscomb & Williams Inc. increased its position in shares of The Home Depot by 3.2% in the fourth quarter. Linscomb & Williams Inc. now owns 8,052 shares of the home improvement retailer’s stock worth $1,065,000 after buying an additional 251 shares during the last quarter. Finally, Stevens Capital Management LP increased its position in shares of The Home Depot by 25.6% in the fourth quarter. Stevens Capital Management LP now owns 8,105 shares of the home improvement retailer’s stock worth $1,072,000 after buying an additional 1,651 shares during the last quarter.

The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serve three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

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