Traders sold shares of The Home Depot Inc. (NYSE:HD) on strength during trading hours on Tuesday. $89.58 million flowed into the stock on the tick-up and $119.45 million flowed out of the stock on the tick-down, for a money net flow of $29.87 million out of the stock. Of all equities tracked, The Home Depot had the 17th highest net out-flow for the day. The Home Depot traded up $0.64 for the day and closed at $136.98

Several analysts have recently weighed in on HD shares. Nomura Holdings Inc. upgraded The Home Depot from a “neutral” rating to a “buy” rating and upped their price objective for the company from $140.00 to $155.00 in a report on Thursday, June 23rd. Argus restated a “buy” rating and issued a $150.00 price objective (up previously from $145.00) on shares of The Home Depot in a report on Wednesday, May 18th. JPMorgan Chase & Co. restated an “overweight” rating on shares of The Home Depot in a report on Tuesday, May 17th. Zacks Investment Research lowered The Home Depot from a “buy” rating to a “sell” rating in a report on Tuesday. Finally, Deutsche Bank AG restated a “buy” rating on shares of The Home Depot in a report on Wednesday, April 27th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and eighteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $144.51.

The stock has a market capitalization of $170.40 billion and a P/E ratio of 24.06. The company has a 50 day moving average price of $130.18 and a 200 day moving average price of $128.96.

The Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, May 17th. The home improvement retailer reported $1.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.09. The firm earned $22.80 billion during the quarter, compared to analyst estimates of $22.35 billion. During the same period in the prior year, the business earned $1.16 EPS. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. Analysts expect that The Home Depot Inc. will post $6.31 earnings per share for the current fiscal year.

In related news, 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 sale, the executive vice president now owns 57,361 shares of the company’s stock, valued at $7,542,397.89. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Craig A. Menear sold 46,227 shares of The Home Depot stock in a transaction dated Thursday, May 19th. The shares were sold at an average price of $131.37, for a total value of $6,072,840.99. Following the completion of the sale, the chief executive officer now directly owns 177,068 shares in the company, valued at approximately $23,261,423.16. The disclosure for this sale can be found here.

Several hedge funds recently added to or reduced their stakes in the stock. 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 in 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 in 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 in 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 in 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 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.