Traders sold shares of The Home Depot Inc. (NYSE:HD) on strength during trading on Friday following insider selling activity. $151.73 million flowed into the stock on the tick-up and $188.35 million flowed out of the stock on the tick-down, for a money net flow of $36.62 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 $3.60 for the day and closed at $128.93Specifically, CFO Carol B. Tome sold 97,610 shares of the firm’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 sale, the chief financial officer now directly owns 644,831 shares of the company’s stock, valued at $87,277,875.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark Holifield sold 15,606 shares of the firm’s stock in a transaction on Thursday, November 17th. The stock was sold at an average price of $128.39, for a total value of $2,003,654.34. Following the completion of the sale, the executive vice president now directly owns 39,499 shares of the company’s stock, valued at $5,071,276.61. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.

HD has been the subject of a number of recent research reports. Piper Jaffray Cos. downgraded The Home Depot from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $152.00 to $121.00 in a research report on Monday, October 31st. Macquarie reissued a “buy” rating on shares of The Home Depot in a research report on Tuesday, November 1st. Vetr downgraded The Home Depot from a “buy” rating to a “hold” rating and set a $132.30 target price for the company. in a research report on Monday, October 3rd. Zacks Investment Research upgraded The Home Depot from a “sell” rating to a “hold” rating in a research report on Tuesday, August 9th. Finally, Argus reiterated a “hold” rating and issued a $154.00 price target on shares of The Home Depot in a research report on Friday, September 16th. Seven equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $145.58.

The firm has a 50-day moving average price of $125.71 and a 200-day moving average price of $130.93. The stock has a market cap of $157.08 billion, a PE ratio of 20.83 and a beta of 1.05.

The Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, November 15th. The home improvement retailer reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.02. The Home Depot had a net margin of 8.23% and a return on equity of 123.29%. The company earned $23.20 billion during the quarter, compared to analysts’ expectations of $23.05 billion. During the same quarter in the prior year, the company earned $1.36 EPS. The Home Depot’s revenue was up 6.1% compared to the same quarter last year. Analysts expect that The Home Depot Inc. will post $6.34 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be paid a dividend of $0.69 per share. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $2.76 annualized dividend and a yield of 2.15%. The Home Depot’s dividend payout ratio is presently 44.66%.

Hedge funds have recently made changes to their positions in the stock. Brookfield Asset Management Inc. boosted its stake in shares of The Home Depot by 16.1% in the second quarter. Brookfield Asset Management Inc. now owns 813 shares of the home improvement retailer’s stock valued at $104,000 after buying an additional 113 shares in the last quarter. Valley National Advisers Inc. raised its position in The Home Depot by 17.6% in the second quarter. Valley National Advisers Inc. now owns 855 shares of the home improvement retailer’s stock valued at $109,000 after buying an additional 128 shares during the last quarter. First PREMIER Bank raised its position in The Home Depot by 29.2% in the second quarter. First PREMIER Bank now owns 885 shares of the home improvement retailer’s stock valued at $113,000 after buying an additional 200 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in The Home Depot by 35.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 917 shares of the home improvement retailer’s stock valued at $117,000 after buying an additional 239 shares during the last quarter. Finally, Invictus RG raised its position in The Home Depot by 215.7% in the second quarter. Invictus RG now owns 944 shares of the home improvement retailer’s stock valued at $121,000 after buying an additional 645 shares during the last quarter. 71.62% of the stock is owned by institutional investors.

About The Home Depot

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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