Investors Sell Shares of Home Depot, Inc. (The) (NYSE:HD) on Strength (NYSE:HD)

Investors sold shares of Home Depot, Inc. (The) (NYSE:HD) on strength during trading hours on Wednesday. $98.31 million flowed into the stock on the tick-up and $156.46 million flowed out of the stock on the tick-down, for a money net flow of $58.15 million out of the stock. Of all equities tracked, Home Depot, Inc. (The) had the 7th highest net out-flow for the day. Home Depot, Inc. (The) traded up $1.91 for the day and closed at $155.26

Several equities research analysts have recently issued reports on the stock. Atlantic Securities cut shares of Home Depot, Inc. (The) from an “overweight” rating to a “neutral” rating and set a $168.00 price objective on the stock. in a research report on Thursday, May 11th. Stifel Nicolaus restated a “buy” rating and issued a $178.00 price target (up previously from $165.00) on shares of Home Depot, Inc. (The) in a research report on Wednesday, May 17th. Oppenheimer Holdings, Inc. set a $178.00 price target on shares of Home Depot, Inc. (The) and gave the stock a “buy” rating in a research report on Tuesday, May 16th. UBS AG restated a “buy” rating and issued a $175.00 price target (up previously from $173.00) on shares of Home Depot, Inc. (The) in a research report on Wednesday, May 17th. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $152.00 price target on shares of Home Depot, Inc. (The) in a research report on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and nineteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $164.48.

The company has a 50-day moving average price of $151.74 and a 200 day moving average price of $148.97. The stock has a market capitalization of $185.62 billion, a price-to-earnings ratio of 23.23 and a beta of 1.08.

Home Depot, Inc. (The) (NYSE:HD) last announced its quarterly earnings data on Tuesday, May 16th. The home improvement retailer reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.06. The business had revenue of $23.89 billion during the quarter, compared to analysts’ expectations of $23.74 billion. Home Depot, Inc. (The) had a return on equity of 158.80% and a net margin of 8.53%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.44 EPS. Analysts predict that Home Depot, Inc. will post $7.24 EPS for the current fiscal year.

In other news, CEO Craig A. Menear sold 90,661 shares of Home Depot, Inc. (The) stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $156.79, for a total value of $14,214,738.19. Following the completion of the transaction, the chief executive officer now owns 240,090 shares in the company, valued at approximately $37,643,711.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ann Marie Campbell sold 7,000 shares of Home Depot, Inc. (The) stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $156.56, for a total value of $1,095,920.00. Following the completion of the transaction, the executive vice president now owns 54,091 shares of the company’s stock, valued at approximately $8,468,486.96. The disclosure for this sale can be found here. Insiders sold a total of 128,900 shares of company stock valued at $20,167,386 in the last quarter. Company insiders own 0.26% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Norges Bank acquired a new stake in Home Depot, Inc. (The) during the fourth quarter valued at $1,502,692,000. Boston Partners acquired a new stake in Home Depot, Inc. (The) during the first quarter valued at $326,895,000. Harbour Capital Advisors LLC boosted its stake in Home Depot, Inc. (The) by 15,121.1% in the second 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 last quarter. Schwab Charles Investment Management Inc. boosted its stake in Home Depot, Inc. (The) by 43.4% in the first 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 last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in Home Depot, Inc. (The) during the fourth quarter valued at $139,356,000. Institutional investors and hedge funds own 71.52% of the company’s stock.

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Home Depot, Inc. (The) 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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