Investors sold shares of Home Depot, Inc. (The) (NYSE:HD) on strength during trading hours on Tuesday. $254.53 million flowed into the stock on the tick-up and $307.02 million flowed out of the stock on the tick-down, for a money net flow of $52.49 million out of the stock. Of all equities tracked, Home Depot, Inc. (The) had the 4th highest net out-flow for the day. Home Depot, Inc. (The) traded up $2.15 for the day and closed at $152.93

HD has been the subject of several research reports. Vetr cut shares of Home Depot, Inc. (The) from a “buy” rating to a “hold” rating and set a $164.09 price target for the company. in a research report on Monday, June 19th. Barclays PLC reaffirmed an “overweight” rating and issued a $165.00 price target (up previously from $150.00) on shares of Home Depot, Inc. (The) in a research report on Wednesday, May 17th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $176.00 price target on shares of Home Depot, Inc. (The) in a research report on Friday, June 16th. Citigroup Inc. reaffirmed a “buy” rating and issued a $179.00 price target (up previously from $168.00) on shares of Home Depot, Inc. (The) in a research report on Wednesday, May 17th. Finally, Robert W. Baird set a $175.00 price target on shares of Home Depot, Inc. (The) and gave the stock a “buy” rating in a research report on Wednesday, May 17th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $169.40.

The firm has a market cap of $180.28 billion, a PE ratio of 22.01 and a beta of 1.07. The firm has a 50 day moving average price of $150.35 and a 200-day moving average price of $151.18.

Home Depot, Inc. (The) (NYSE:HD) last released its quarterly earnings results on Tuesday, August 15th. The home improvement retailer reported $2.25 EPS for the quarter, beating the consensus estimate of $2.21 by $0.04. Home Depot, Inc. (The) had a net margin of 8.63% and a return on equity of 192.30%. The firm had revenue of $28.11 billion during the quarter, compared to the consensus estimate of $27.84 billion. During the same quarter in the prior year, the firm earned $1.97 EPS. Home Depot, Inc. (The)’s revenue for the quarter was up 6.2% on a year-over-year basis. Equities research analysts forecast that Home Depot, Inc. will post $7.32 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 31st will be given a $0.89 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $3.56 annualized dividend and a yield of 2.33%. Home Depot, Inc. (The)’s dividend payout ratio (DPR) is 51.15%.

In related news, EVP Teresa Wynn Roseborough sold 15,000 shares of the company’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $150.39, for a total value of $2,255,850.00. Following the completion of the sale, the executive vice president now owns 33,147 shares in the company, valued at approximately $4,984,977.33. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Ann Marie Campbell sold 10,717 shares of the company’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $152.40, for a total transaction of $1,633,270.80. Following the completion of the sale, the executive vice president now owns 64,810 shares of the company’s stock, valued at approximately $9,877,044. The disclosure for this sale can be found here. 0.26% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in HD. Janus Henderson Group PLC increased its stake in Home Depot, Inc. (The) by 2,013.2% in the 2nd quarter. Janus Henderson Group PLC now owns 3,319,727 shares of the home improvement retailer’s stock valued at $509,247,000 after buying an additional 3,162,631 shares during the period. Boston Partners acquired a new position in Home Depot, Inc. (The) in the 1st quarter valued at $326,895,000. Harbour Capital Advisors LLC increased its stake in Home Depot, Inc. (The) by 15,121.1% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,865,037 shares of the home improvement retailer’s stock valued at $12,158,000 after buying an additional 1,852,784 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Home Depot, Inc. (The) by 43.4% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 5,731,806 shares of the home improvement retailer’s stock valued at $841,602,000 after buying an additional 1,734,963 shares during the period. Finally, Westfield Capital Management Co. LP acquired a new position in Home Depot, Inc. (The) in the 2nd quarter valued at $133,780,000. Hedge funds and other institutional investors own 71.45% of the company’s stock.

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About Home Depot, Inc. (The)

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 serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

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