The Home Depot Inc. (NYSE:HD) shares gapped up prior to trading 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 changing hands.

Several research analysts have recently commented on the stock. Vetr lowered shares of The Home Depot from a “buy” rating to a “hold” rating and set a $135.32 price target for the company. in a report on Monday, July 11th. Nomura raised shares of The Home Depot from a “neutral” rating to a “buy” rating in a research note on Thursday, June 23rd. Jefferies Group reissued a “buy” rating on shares of The Home Depot in a research note on Sunday, July 3rd. Nomura Holdings Inc. raised shares of The Home Depot from a “neutral” rating to a “buy” rating and boosted their target price for the company from $140.00 to $155.00 in a research note on Thursday, June 23rd. Finally, Deutsche Bank AG reissued a “buy” rating and set a $143.00 target price on shares of The Home Depot in a research note on Friday, June 17th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have issued a buy rating to the stock. The Home Depot presently has a consensus rating of “Buy” and an average price target of $144.51.

The firm has a market capitalization of $167.67 billion and a P/E ratio of 23.67. The company has a 50 day moving average of $129.91 and a 200-day moving average of $128.94.

The Home Depot (NYSE:HD) last released its earnings results on Tuesday, May 17th. The home improvement retailer reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.09. During the same quarter in the previous year, the company posted $1.16 earnings per share. The business had revenue of $22.80 billion for the quarter, compared to analyst estimates of $22.35 billion. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. On average, analysts predict that The Home Depot Inc. will post $6.31 EPS for the current fiscal year.

In other news, Director Wayne M. Hewett purchased 350 shares of the business’s stock in a transaction that occurred on Tuesday, May 31st. The shares were acquired at an average cost of $132.53 per share, for a total transaction of $46,385.50. Following the transaction, the director now directly owns 1,050 shares of the company’s stock, valued at approximately $139,156.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Craig A. Menear sold 46,227 shares of the stock in a transaction that occurred on Thursday, May 19th. The shares were sold at an average price of $131.37, for a total transaction of $6,072,840.99. Following the completion of the sale, the chief executive officer now owns 177,068 shares in the company, valued at $23,261,423.16. The disclosure for this sale can be found here.

Several hedge funds have recently made changes to their positions in HD. IPG Investment Advisors LLC increased its stake 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 worth $1,161,000 after buying an additional 2,300 shares in the last quarter. Hanseatic Management Services Inc. increased its stake in shares of The Home Depot by 15.9% in the fourth quarter. Hanseatic Management Services Inc. now owns 56,639 shares of the home improvement retailer’s stock worth $7,491,000 after buying an additional 7,759 shares in the last quarter. DUPONT CAPITAL MANAGEMENT Corp increased its stake in shares of The Home Depot by 1.0% in the fourth quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 188,331 shares of the home improvement retailer’s stock worth $24,907,000 after buying an additional 1,883 shares in the last quarter. Linscomb & Williams Inc. increased its stake 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 in the last quarter. Finally, Trust Co. of Vermont increased its stake in shares of The Home Depot by 0.3% in the fourth quarter. Trust Co. of Vermont now owns 42,630 shares of the home improvement retailer’s stock worth $5,638,000 after buying an additional 125 shares in 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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