The Home Depot Inc. (NYSE:HD) shares saw unusually-strong trading volume on Tuesday . Approximately 4,778,772 shares traded hands during trading, an increase of 27% from the previous session’s volume of 3,756,305 shares.The stock last traded at $136.74 and had previously closed at $137.06.

Several research analysts recently commented on HD shares. Zacks Investment Research upgraded shares of The Home Depot from a “hold” rating to a “buy” rating and set a $152.00 target price for the company in a report on Wednesday, April 20th. Citigroup Inc. upgraded shares of The Home Depot to a “buy” rating and set a $152.00 target price for the company in a report on Thursday, May 19th. Deutsche Bank AG increased their price target on shares of The Home Depot from $135.00 to $143.00 and gave the company a “buy” rating in a research note on Wednesday, May 18th. Argus reiterated a “buy” rating and issued a $150.00 price target (up previously from $145.00) on shares of The Home Depot in a research note on Wednesday, May 18th. Finally, Robert W. Baird reiterated a “buy” rating on shares of The Home Depot in a research note on Monday, May 16th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $145.09.

The stock has a 50-day moving average of $134.90 and a 200-day moving average of $130.85. The stock has a market capitalization of $169.47 billion and a PE ratio of 23.93.

The Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, August 16th. The home improvement retailer reported $1.97 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.97. The company had revenue of $26.47 billion for the quarter, compared to the consensus estimate of $26.47 billion. The company’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.71 earnings per share. Equities research analysts forecast that The Home Depot Inc. will post $6.32 earnings per share for the current year.

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

Several hedge funds and institutional investors recently bought and sold shares of HD. Vanguard Group Inc. boosted its position 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 valued at $9,753,059,000 after buying an additional 668,060 shares during the period. Morgan Stanley boosted its position 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 valued at $1,357,984,000 after buying an additional 1,334,313 shares during the period. PNC Financial Services Group Inc. boosted its position in 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 valued at $773,721,000 after buying an additional 33,357 shares during the period. Jennison Associates LLC boosted its position 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 valued at $581,070,000 after buying an additional 3,217,223 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in 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 valued at $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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