Home Depot, Inc. (The) (NYSE:HD) saw a large decrease in short interest in the month of June. As of June 30th, there was short interest totalling 13,300,949 shares, a decrease of 35.7% from the June 15th total of 20,681,165 shares. Currently, 1.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 5,238,416 shares, the short-interest ratio is presently 2.5 days.

Shares of Home Depot, Inc. (HD) traded up 0.65% on Friday, hitting $154.88. 3,650,541 shares of the company traded hands. Home Depot, Inc. has a 12 month low of $119.20 and a 12 month high of $160.86. The company has a market capitalization of $185.17 billion, a PE ratio of 23.18 and a beta of 1.08. The stock’s 50-day moving average price is $151.33 and its 200-day moving average price is $149.61.

Home Depot, Inc. (The) (NYSE:HD) last announced its quarterly earnings results on Tuesday, May 16th. The home improvement retailer reported $1.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.61 by $0.06. The business had revenue of $23.89 billion during the quarter, compared to the consensus estimate of $23.74 billion. Home Depot, Inc. (The) had a net margin of 8.53% and a return on equity of 158.80%. The business’s revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.44 EPS. On average, equities analysts predict that Home Depot, Inc. will post $7.25 earnings per share for the current year.

HD has been the subject of several research reports. Robert W. Baird set a $175.00 price objective on shares of Home Depot, Inc. (The) and gave the company a “buy” rating in a report on Wednesday, May 17th. BMO Capital Markets set a $176.00 price target on shares of Home Depot, Inc. (The) and gave the company a “buy” rating in a report on Wednesday, May 17th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $178.00 price target (up previously from $165.00) on shares of Home Depot, Inc. (The) in a report on Wednesday, May 17th. Royal Bank Of Canada set a $166.00 price target on shares of Home Depot, Inc. (The) and gave the company a “buy” rating in a report on Monday, May 15th. Finally, BTIG Research increased their price target on shares of Home Depot, Inc. (The) from $155.00 to $175.00 and gave the company a “buy” rating in a report on Monday, May 15th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $164.72.

In other Home Depot, Inc. (The) news, EVP William G. Lennie sold 31,239 shares of the stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $155.47, for a total transaction of $4,856,727.33. Following the completion of the transaction, the executive vice president now owns 46,294 shares of the company’s stock, valued at approximately $7,197,328.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Craig A. Menear sold 90,661 shares of the stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $156.79, for a total transaction of $14,214,738.19. Following the transaction, the chief executive officer now directly owns 240,090 shares of the company’s stock, valued at approximately $37,643,711.10. 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 ninety days. 0.26% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the stock. Aviva PLC increased its position in shares of Home Depot, Inc. (The) by 1.8% in the fourth quarter. Aviva PLC now owns 1,187,680 shares of the home improvement retailer’s stock worth $159,315,000 after buying an additional 20,481 shares in the last quarter. Adviser Investments LLC acquired a new position in Home Depot, Inc. (The) during the fourth quarter valued at $260,000. Asset Management One Co. Ltd. increased its position in Home Depot, Inc. (The) by 912.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 2,216,934 shares of the home improvement retailer’s stock valued at $297,415,000 after buying an additional 1,997,868 shares during the period. Good Life Advisors LLC acquired a new position in Home Depot, Inc. (The) during the fourth quarter valued at $383,000. Finally, Brown Advisory Inc. increased its position in Home Depot, Inc. (The) by 16.3% in the fourth quarter. Brown Advisory Inc. now owns 307,589 shares of the home improvement retailer’s stock valued at $41,243,000 after buying an additional 43,073 shares during the period. Institutional investors and hedge funds own 71.52% of the company’s stock.

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.

The article first appeared in transcriptdaily.com