Investors purchased shares of Home Depot Inc (NYSE:HD) on weakness during trading on Monday. $257.43 million flowed into the stock on the tick-up and $240.42 million flowed out of the stock on the tick-down, for a money net flow of $17.01 million into the stock. Of all stocks tracked, Home Depot had the 24th highest net in-flow for the day. Home Depot traded down ($0.06) for the day and closed at $184.06

HD has been the topic of several recent analyst reports. Royal Bank of Canada set a $179.00 target price on shares of Home Depot and gave the company a “buy” rating in a research note on Monday, October 30th. Citigroup boosted their target price on shares of Home Depot from $179.00 to $188.00 and gave the company a “buy” rating in a research note on Thursday, November 16th. Credit Suisse Group boosted their target price on shares of Home Depot from $183.00 to $222.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Bank of America boosted their target price on shares of Home Depot from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. Finally, KeyCorp initiated coverage on shares of Home Depot in a research note on Tuesday, November 7th. They issued a “sector weight” rating on the stock. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. Home Depot presently has a consensus rating of “Buy” and an average price target of $190.32.

The firm has a market cap of $214,940.00, a price-to-earnings ratio of 25.53, a price-to-earnings-growth ratio of 1.34 and a beta of 1.08. The company has a quick ratio of 0.39, a current ratio of 1.23 and a debt-to-equity ratio of 9.54.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.81 by $0.03. The firm had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.53 billion. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.60 EPS. equities analysts anticipate that Home Depot Inc will post 7.38 EPS for the current fiscal year.

Home Depot announced that its Board of Directors has authorized a stock buyback program on Wednesday, December 6th that permits the company to buyback $15.00 billion in shares. This buyback authorization permits the home improvement retailer to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

In other Home Depot news, EVP Matt Carey sold 41,396 shares of the business’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $183.03, for a total transaction of $7,576,709.88. Following the completion of the sale, the executive vice president now directly owns 29,559 shares of the company’s stock, valued at approximately $5,410,183.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.26% of the company’s stock.

Large investors have recently made changes to their positions in the business. Paragon Wealth Strategies LLC increased its stake in shares of Home Depot by 0.4% in the 2nd quarter. Paragon Wealth Strategies LLC now owns 1,825 shares of the home improvement retailer’s stock valued at $280,000 after acquiring an additional 7 shares during the last quarter. Jackson Grant Investment Advisers Inc. increased its stake in shares of Home Depot by 0.4% in the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 1,651 shares of the home improvement retailer’s stock valued at $253,000 after acquiring an additional 7 shares during the last quarter. Mcdaniel Terry & Co. increased its stake in shares of Home Depot by 0.5% in the 2nd quarter. Mcdaniel Terry & Co. now owns 1,678 shares of the home improvement retailer’s stock valued at $257,000 after acquiring an additional 9 shares during the last quarter. Cutter & CO Brokerage Inc. increased its stake in shares of Home Depot by 0.3% in the 2nd quarter. Cutter & CO Brokerage Inc. now owns 3,782 shares of the home improvement retailer’s stock valued at $580,000 after acquiring an additional 10 shares during the last quarter. Finally, Fort Pitt Capital Group LLC increased its stake in shares of Home Depot by 0.3% in the 2nd quarter. Fort Pitt Capital Group LLC now owns 3,444 shares of the home improvement retailer’s stock valued at $528,000 after acquiring an additional 10 shares during the last quarter. 70.34% of the stock is owned by hedge funds and other institutional investors.

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Home Depot Company Profile

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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