Shares of Home Depot, Inc. (The) (NYSE:HD) hit a new 52-week high on Tuesday . The company traded as high as $161.71 and last traded at $161.49, with a volume of 1,615,703 shares. The stock had previously closed at $161.10.

HD has been the topic of several analyst reports. Sanford C. Bernstein restated a “market perform” rating and issued a $152.00 target price on shares of Home Depot, Inc. (The) in a research report on Wednesday, July 12th. Jefferies Group LLC restated a “buy” rating on shares of Home Depot, Inc. (The) in a research report on Monday, July 24th. Oppenheimer Holdings, Inc. set a $178.00 target price on Home Depot, Inc. (The) and gave the company a “buy” rating in a research report on Tuesday, August 15th. Zacks Investment Research cut Home Depot, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Finally, Wedbush restated a “market perform” rating on shares of Home Depot, Inc. (The) in a research report on Wednesday, August 16th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $169.90.

The stock has a market cap of $190.10 billion, a price-to-earnings ratio of 23.21 and a beta of 1.07. The firm has a 50 day moving average price of $153.29 and a 200-day moving average price of $152.05.

Home Depot, Inc. (The) (NYSE:HD) last issued its earnings results on Tuesday, August 15th. The home improvement retailer reported $2.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.21 by $0.04. The company had revenue of $28.11 billion for the quarter, compared to analysts’ expectations of $27.84 billion. Home Depot, Inc. (The) had a net margin of 8.63% and a return on equity of 192.30%. Home Depot, Inc. (The)’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.97 EPS. On average, analysts anticipate that Home Depot, Inc. will post $7.33 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 14th. Stockholders of record on Thursday, August 31st were issued a $0.89 dividend. The ex-dividend date was Tuesday, August 29th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.21%. Home Depot, Inc. (The)’s payout ratio is 51.15%.

In other news, EVP Ann Marie Campbell sold 10,717 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now directly owns 64,810 shares of the company’s stock, valued at approximately $9,877,044. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Teresa Wynn Roseborough sold 15,000 shares of the company’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $150.39, for a total transaction of $2,255,850.00. Following the completion of the sale, the executive vice president now directly owns 33,147 shares in the company, valued at $4,984,977.33. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 57,717 shares of company stock worth $8,916,321. 0.26% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of the company. American Beacon Advisors Inc. bought a new position in Home Depot, Inc. (The) in the 1st quarter valued at about $100,000. Jacobi Capital Management LLC raised its holdings in Home Depot, Inc. (The) by 16.4% in the 2nd quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock valued at $108,000 after acquiring an additional 101 shares during the period. Riggs Asset Managment Co. Inc. raised its holdings in Home Depot, Inc. (The) by 114.1% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 745 shares of the home improvement retailer’s stock valued at $109,000 after acquiring an additional 397 shares during the period. University of Texas Investment Managment Co. bought a new position in Home Depot, Inc. (The) in the 1st quarter valued at about $132,000. Finally, Glassman Wealth Services raised its holdings in Home Depot, Inc. (The) by 38.3% in the 2nd quarter. Glassman Wealth Services now owns 1,084 shares of the home improvement retailer’s stock valued at $166,000 after acquiring an additional 300 shares during the period. 71.39% of the stock is currently owned by institutional investors.

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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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