Shares of The Home Depot Inc. (NYSE:HD) gapped up before the market opened on Friday . The stock had previously closed at $134.45, but opened at $134.54. The Home Depot shares last traded at $134.93, with a volume of 2,601,578 shares trading hands.

A number of analysts have recently issued reports on HD shares. Barclays PLC started coverage on The Home Depot in a research report on Wednesday, March 30th. They set an “overweight” rating and a $150.00 price objective on the stock. Jefferies Group reiterated a “buy” rating and issued a $140.00 price target on shares of The Home Depot in a research report on Friday, April 8th. Nomura Holdings Inc. upgraded The Home Depot from a “neutral” rating to a “buy” rating and upped their price target for the company from $140.00 to $155.00 in a research report on Thursday, June 23rd. Vetr upgraded The Home Depot from a “buy” rating to a “strong-buy” rating and set a $148.82 price target on the stock in a research report on Wednesday, June 1st. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of The Home Depot in a research report on Tuesday, May 17th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $144.51.

The stock has a 50-day moving average price of $129.88 and a 200-day moving average price of $128.92. The stock has a market capitalization of $167.67 billion and a price-to-earnings ratio of 23.67.

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

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

In related news, Director Wayne M. Hewett bought 350 shares of the business’s stock in a transaction on Tuesday, May 31st. The shares were purchased 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 of the company’s stock, valued at $139,156.50. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, EVP William G. Lennie sold 22,996 shares of The Home Depot stock in a transaction dated Thursday, May 19th. The stock was sold at an average price of $131.49, for a total value of $3,023,744.04. Following the transaction, the executive vice president now directly owns 57,361 shares in the company, valued at $7,542,397.89. The disclosure for this sale can be found here.

Other hedge funds and institutional investors recently made changes to their positions in the company. Nationwide Fund Advisors increased its position in shares of The Home Depot by 4.9% in the fourth quarter. Nationwide Fund Advisors now owns 1,336,686 shares of the home improvement retailer’s stock valued at $176,777,000 after buying an additional 62,390 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH increased its position in shares of The Home Depot by 309.9% in the fourth quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 157,879 shares of the home improvement retailer’s stock valued at $21,074,000 after buying an additional 119,367 shares during the last quarter. California State Teachers Retirement System increased its position in shares of The Home Depot by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 2,407,239 shares of the home improvement retailer’s stock valued at $318,357,000 after buying an additional 38,428 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of The Home Depot by 1.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 383,729 shares of the home improvement retailer’s stock valued at $50,748,000 after buying an additional 6,700 shares during the last quarter. Finally, IPG Investment Advisors LLC increased its position in shares of The Home Depot by 35.5% in the fourth quarter. IPG Investment Advisors LLC now owns 8,779 shares of the home improvement retailer’s stock valued at $1,161,000 after buying an additional 2,300 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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