Investors sold shares of The Home Depot Inc. (NYSE:HD) on strength during trading hours on Friday. $68.87 million flowed into the stock on the tick-up and $177.29 million flowed out of the stock on the tick-down, for a money net flow of $108.42 million out of the stock. Of all stocks tracked, The Home Depot had the 0th highest net out-flow for the day. The Home Depot traded up $0.28 for the day and closed at $138.24

HD has been the topic of several recent research reports. Goldman Sachs Group Inc. increased their target price on shares of The Home Depot from $137.00 to $143.00 and gave the company a “neutral” rating in a report on Wednesday, April 6th. Jefferies Group reaffirmed a “buy” rating and set a $140.00 target price on shares of The Home Depot in a report on Friday, April 8th. Vetr raised shares of The Home Depot from a “hold” rating to a “buy” rating and set a $140.59 target price on the stock in a report on Wednesday, April 13th. Deutsche Bank AG reaffirmed a “buy” rating on shares of The Home Depot in a report on Thursday, April 14th. Finally, Zacks Investment Research raised shares of The Home Depot from a “hold” rating to a “buy” rating and set a $152.00 target price on the stock in a report on Wednesday, April 20th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seventeen have assigned a buy rating to the company. The Home Depot currently has a consensus rating of “Buy” and an average target price of $144.51.

The firm’s 50-day moving average price is $131.60 and its 200-day moving average price is $129.48. The stock has a market cap of $171.97 billion and a price-to-earnings ratio of 24.28.

The Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, May 17th. The home improvement retailer reported $1.44 EPS for the quarter, topping analysts’ consensus estimates 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. The Home Depot’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.16 EPS. On average, equities analysts expect that The Home Depot Inc. will post $6.31 EPS for the current fiscal year.

In other news, Director Wayne M. Hewett acquired 350 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $139,156.50. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Mark Holifield sold 43,026 shares of the firm’s stock in a transaction that occurred on Wednesday, May 18th. The stock was sold at an average price of $131.14, for a total transaction of $5,642,429.64. Following the sale, the executive vice president now directly owns 55,951 shares in the company, valued at approximately $7,337,414.14. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have made changes to their positions in HD. Vanguard Group Inc. raised its position in shares of 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 period. Morgan Stanley raised its position in shares of 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 period. PNC Financial Services Group Inc. raised its position in shares of The Home Depot by 0.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,850,447 shares of the home improvement retailer’s stock worth $773,721,000 after buying an additional 33,357 shares during the period. Jennison Associates LLC raised its position in shares of 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 period. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of The Home Depot by 0.7% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,817,671 shares of the home improvement retailer’s stock worth $509,086,000 after buying an additional 27,155 shares during the period.

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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