Traders bought shares of Home Depot, Inc. (The) (NYSE:HD) on weakness during trading on Friday. $766.16 million flowed into the stock on the tick-up and $143.84 million flowed out of the stock on the tick-down, for a money net flow of $622.32 million into the stock. Of all stocks tracked, Home Depot, Inc. (The) had the 3rd highest net in-flow for the day. Home Depot, Inc. (The) traded down ($0.98) for the day and closed at $158.40

A number of research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Home Depot, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. Robert W. Baird set a $175.00 price objective on shares of Home Depot, Inc. (The) and gave the stock a “buy” rating in a research note on Sunday, September 10th. Vetr raised shares of Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $165.56 price objective for the company in a research note on Tuesday, June 6th. Bank of America Corporation reissued a “buy” rating and set a $170.00 price objective on shares of Home Depot, Inc. (The) in a research note on Tuesday, September 5th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Home Depot, Inc. (The) in a research note on Tuesday, September 12th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. Home Depot, Inc. (The) has a consensus rating of “Buy” and a consensus target price of $169.86.

The company has a market capitalization of $186.72 billion, a P/E ratio of 22.80 and a beta of 1.07. The firm has a 50 day moving average of $152.78 and a 200-day moving average of $151.82.

Home Depot, Inc. (The) (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 15th. The home improvement retailer reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the firm earned $1.97 EPS. The business’s revenue was up 6.2% on a year-over-year basis. On average, analysts forecast that Home Depot, Inc. will post $7.33 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Shareholders of record on Thursday, August 31st were issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend was Tuesday, August 29th. Home Depot, Inc. (The)’s dividend payout ratio (DPR) is presently 51.15%.

In other news, EVP Ann Marie Campbell sold 10,717 shares of the stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $152.40, for a total value of $1,633,270.80. Following the completion of the transaction, the executive vice president now owns 64,810 shares in the company, valued at approximately $9,877,044. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Matt Carey sold 32,000 shares of the stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $157.10, for a total transaction of $5,027,200.00. Following the completion of the transaction, the executive vice president now owns 62,483 shares of the company’s stock, valued at approximately $9,816,079.30. The disclosure for this sale can be found here. Over the last three months, insiders sold 57,717 shares of company stock valued at $8,916,321. Insiders own 0.26% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Home Depot, Inc. (The) by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 80,417,310 shares of the home improvement retailer’s stock worth $12,336,016,000 after purchasing an additional 703,292 shares in the last quarter. State Street Corp increased its position in shares of Home Depot, Inc. (The) by 0.7% during the 1st quarter. State Street Corp now owns 55,747,883 shares of the home improvement retailer’s stock worth $8,185,463,000 after purchasing an additional 396,271 shares in the last quarter. Capital Research Global Investors increased its position in shares of Home Depot, Inc. (The) by 0.9% during the 2nd quarter. Capital Research Global Investors now owns 20,025,701 shares of the home improvement retailer’s stock worth $3,071,943,000 after purchasing an additional 170,139 shares in the last quarter. Northern Trust Corp increased its position in shares of Home Depot, Inc. (The) by 1.3% during the 2nd quarter. Northern Trust Corp now owns 17,333,833 shares of the home improvement retailer’s stock worth $2,659,010,000 after purchasing an additional 222,958 shares in the last quarter. Finally, Fisher Asset Management LLC increased its position in shares of Home Depot, Inc. (The) by 1.3% during the 1st quarter. Fisher Asset Management LLC now owns 8,649,798 shares of the home improvement retailer’s stock worth $1,270,050,000 after purchasing an additional 108,242 shares in the last quarter. 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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