Investors purchased shares of The Home Depot Inc. (NYSE:HD) on weakness during trading hours on Tuesday. $130.19 million flowed into the stock on the tick-up and $98.09 million flowed out of the stock on the tick-down, for a money net flow of $32.10 million into the stock. Of all equities tracked, The Home Depot had the 7th highest net in-flow for the day. The Home Depot traded down ($0.31) for the day and closed at $134.84

Several equities analysts have issued reports on the stock. Deutsche Bank AG reissued a “buy” rating and issued a $143.00 price objective on shares of The Home Depot in a research note on Friday, June 17th. Nomura raised shares of The Home Depot from a “neutral” rating to a “buy” rating in a research note on Thursday, June 23rd. Goldman Sachs Group Inc. boosted their price objective on shares of The Home Depot from $137.00 to $143.00 and gave the company a “neutral” rating in a research note on Wednesday, April 6th. Zacks Investment Research cut shares of The Home Depot from a “buy” rating to a “hold” rating in a research note on Tuesday, April 26th. Finally, Credit Suisse Group AG boosted their price objective on shares of The Home Depot from $145.00 to $147.00 and gave the company an “outperform” rating in a research note on Wednesday, May 18th. One investment 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 presently has an average rating of “Buy” and an average price target of $144.51.

The company has a market capitalization of $167.74 billion and a PE ratio of 23.69. The firm has a 50-day moving average price of $129.84 and a 200-day moving average price of $128.85.

The Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, May 17th. The home improvement retailer reported $1.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.09. The firm had revenue of $22.80 billion for the quarter, compared to analyst estimates of $22.35 billion. During the same period in the previous year, the business posted $1.16 EPS. The Home Depot’s revenue for the quarter was up 9.0% compared to the same quarter last year. On average, equities analysts forecast that The Home Depot Inc. will post $6.31 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 16th. Stockholders 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 2.04%. The ex-dividend date of this dividend was Tuesday, May 31st.

In related news, Director Wayne M. Hewett purchased 350 shares of the firm’s stock in a transaction that occurred on Tuesday, May 31st. The shares were acquired at an average price of $132.53 per share, with a total value of $46,385.50. Following the purchase, the director now directly owns 1,050 shares in the company, valued at $139,156.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP William G. Lennie sold 22,996 shares of the business’s stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $131.49, for a total value of $3,023,744.04. Following the completion of the sale, the executive vice president now directly owns 57,361 shares in the company, valued at approximately $7,542,397.89. The disclosure for this sale can be found here.

Several large investors have recently added to or reduced their stakes in the company. Jennison Associates LLC increased its stake in The Home Depot by 273.5% in the fourth quarter. Jennison Associates LLC now owns 4,393,726 shares of the home improvement retailer’s stock worth $581,070,000 after buying an additional 3,217,223 shares during the last quarter. Morgan Stanley increased its stake in The Home Depot by 14.9% in the fourth quarter. Morgan Stanley now owns 10,268,310 shares of the home improvement retailer’s stock worth $1,357,984,000 after buying an additional 1,334,313 shares during the last quarter. Vanguard Group Inc. increased its stake in The Home Depot by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 73,747,144 shares of the home improvement retailer’s stock worth $9,753,059,000 after buying an additional 668,060 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in The Home Depot by 82.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 762,852 shares of the home improvement retailer’s stock worth $100,888,000 after buying an additional 343,906 shares during the last quarter. Finally, OppenheimerFunds Inc. increased its stake in The Home Depot by 9.6% in the fourth quarter. OppenheimerFunds Inc. now owns 2,931,914 shares of the home improvement retailer’s stock worth $387,784,000 after buying an additional 256,719 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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