Traders purchased shares of The Home Depot Inc. (NYSE:HD) on weakness during trading hours on Tuesday. $80.47 million flowed into the stock on the tick-up and $60.95 million flowed out of the stock on the tick-down, for a money net flow of $19.52 million into the stock. Of all companies tracked, The Home Depot had the 22nd highest net in-flow for the day. The Home Depot traded down ($0.45) for the day and closed at $134.10

A number of analysts have recently commented on the company. Stifel Nicolaus assumed coverage on The Home Depot in a research note on Tuesday, August 2nd. They issued a “buy” rating and a $157.00 price target for the company. Zacks Investment Research raised The Home Depot from a “hold” rating to a “buy” rating and set a $149.00 price target for the company in a research note on Monday, May 16th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $150.00 price target (up from $148.00) on shares of The Home Depot in a research note on Tuesday, May 17th. Topeka Capital Markets began coverage on The Home Depot in a research note on Monday, May 23rd. They issued a “buy” rating and a $158.00 price target for the company. Finally, Royal Bank Of Canada boosted their price objective on The Home Depot from $150.00 to $155.00 and gave the company an “outperform” rating in a research report on Wednesday, August 17th. Seven analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. The Home Depot has a consensus rating of “Buy” and an average target price of $147.17.

The company has a market cap of $165.69 billion and a P/E ratio of 22.70. The stock has a 50 day moving average of $136.10 and a 200-day moving average of $132.08.

The Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 16th. The home improvement retailer reported $1.97 earnings per share (EPS) 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 analysts’ expectations of $26.47 billion. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.71 EPS. On average, equities research analysts anticipate that The Home Depot Inc. will post $6.33 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be given a dividend of $0.69 per share. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $2.76 annualized dividend and a dividend yield of 2.06%.

In other The Home Depot news, EVP Timothy M. Crow sold 49,392 shares of the business’s stock in a transaction on Friday, August 19th. The stock was sold at an average price of $135.06, for a total value of $6,670,883.52. Following the transaction, the executive vice president now owns 224,905 shares of the company’s stock, valued at $30,375,669.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Carol B. Tome sold 97,610 shares of the business’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $135.35, for a total value of $13,211,513.50. Following the completion of the transaction, the chief financial officer now directly owns 644,831 shares in the company, valued at approximately $87,277,875.85. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have bought and sold shares of HD. 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 in the last quarter. Karp Capital Management Corp boosted its position in The Home Depot by 13.2% in the fourth quarter. Karp Capital Management Corp now owns 29,047 shares of the home improvement retailer’s stock valued at $3,842,000 after buying an additional 3,388 shares in the last quarter. Schnieders Capital Management LLC boosted its position in The Home Depot by 3.3% in the fourth quarter. Schnieders Capital Management LLC now owns 11,681 shares of the home improvement retailer’s stock valued at $1,545,000 after buying an additional 375 shares in the last quarter. D L Carlson Investment Group Inc. boosted its position in The Home Depot by 1.6% in the fourth quarter. D L Carlson Investment Group Inc. now owns 30,081 shares of the home improvement retailer’s stock valued at $3,978,000 after buying an additional 488 shares in the last quarter. Finally, Spectrum Management Group Inc. boosted its position in The Home Depot by 20.6% in the fourth quarter. Spectrum Management Group Inc. now owns 11,830 shares of the home improvement retailer’s stock valued at $1,565,000 after buying an additional 2,020 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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