Traders bought shares of Home Depot Inc (NYSE:HD) on weakness during trading hours on Wednesday. $163.36 million flowed into the stock on the tick-up and $121.23 million flowed out of the stock on the tick-down, for a money net flow of $42.13 million into the stock. Of all equities tracked, Home Depot had the 25th highest net in-flow for the day. Home Depot traded down ($0.66) for the day and closed at $196.95

Several analysts have recently weighed in on HD shares. Gabelli started coverage on Home Depot in a report on Wednesday, April 11th. They set a “buy” rating and a $206.00 price target on the stock. Morgan Stanley set a $210.00 price target on Home Depot and gave the stock a “buy” rating in a report on Wednesday, March 21st. Deutsche Bank set a $210.00 price target on Home Depot and gave the stock a “buy” rating in a report on Tuesday, May 15th. Wells Fargo & Co set a $205.00 price target on Home Depot and gave the stock a “buy” rating in a report on Tuesday, May 15th. Finally, Bank of America restated a “buy” rating and set a $215.00 price target on shares of Home Depot in a report on Tuesday, May 15th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $197.68.

The company has a debt-to-equity ratio of 14.37, a current ratio of 1.17 and a quick ratio of 0.37. The company has a market cap of $226.19 billion, a PE ratio of 26.38, a P/E/G ratio of 1.47 and a beta of 1.12.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, May 15th. The home improvement retailer reported $2.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.05 by $0.03. Home Depot had a return on equity of 399.15% and a net margin of 8.85%. The firm had revenue of $24.95 billion for the quarter, compared to analyst estimates of $25.17 billion. During the same period in the previous year, the firm earned $1.67 earnings per share. The company’s revenue was up 4.4% compared to the same quarter last year. equities research analysts anticipate that Home Depot Inc will post 9.45 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 14th. Shareholders of record on Thursday, May 31st were paid a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend was Wednesday, May 30th. Home Depot’s dividend payout ratio (DPR) is presently 55.23%.

In other Home Depot news, Director Stephanie Linnartz purchased 1,000 shares of the company’s stock in a transaction on Friday, June 1st. The shares were purchased at an average cost of $187.57 per share, with a total value of $187,570.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark Holifield sold 45,549 shares of the business’s stock in a transaction that occurred on Wednesday, May 16th. The shares were sold at an average price of $186.84, for a total value of $8,510,375.16. Following the completion of the transaction, the executive vice president now directly owns 51,879 shares in the company, valued at $9,693,072.36. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Ford Financial Group Inc. acquired a new position in shares of Home Depot during the fourth quarter worth approximately $108,000. Lucia Wealth Services LLC acquired a new position in shares of Home Depot during the first quarter worth approximately $101,000. Earnest Partners LLC acquired a new position in shares of Home Depot during the fourth quarter worth approximately $108,000. Pinnacle Wealth Planning Services Inc. acquired a new position in shares of Home Depot during the fourth quarter worth approximately $112,000. Finally, Institutional & Family Asset Management LLC acquired a new position in shares of Home Depot during the first quarter worth approximately $108,000. 69.16% of the stock is currently owned by hedge funds and other institutional investors.

About Home Depot

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and d├ęcor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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