Wednesday, 12 December, 2018

Home Depot feels the wind at its back in third quarter

Home Depot Home Depot feels the wind at its back in third quarter
Sherri Watson | 16 November, 2017, 11:29

On Tuesday, August 15 the stock rating was maintained by Oppenheimer with "Buy".

Among 30 analysts covering The Home Depot Inc.

A number of other equities research analysts also recently issued reports on the company. Cantor Fitzgerald maintained it with "Hold" rating and $125 target in Wednesday, November 18 report. Bernstein initiated it with "Mkt Perform" rating and $141 target in Monday, February 6 report. Spectrum Mngmt Grp holds 0.48% in Home Depot Inc (NYSE:HD) or 8,315 shares.

"We'll be listening for commentary regarding the future impact of recent natural disasters in the USA and Mexico, home-buying and home improvement spending trends among millennials, an update on [Home Depot's] e-commerce initiatives, holiday plans and expectations, and the management's view on the potential impact of changes to the United States tax code or to NAFTA", wrote Kate McShane, an analysts with Citigroup. Investment Counsel Inc. boosted its position in Home Depot, Inc. Finally, Zacks Investment Research raised The Home Depot from a sell rating to a hold rating in a research note on Thursday, November 17th. Credit Suisse Group set a $171.00 price target on Home Depot, Inc. The rating was maintained by Stifel Nicolaus with "Buy" on Friday, October 6. The Home Depot's dividend payout ratio is now 44.66%. Northland Capital maintained Anika Therapeutics Inc (NASDAQ:ANIK) rating on Thursday, July 30. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. If the published price targets set by The Home Depot, Inc. analysts have any power to influence the stock's share price, the highest price target set for HD is $190.

The Home Depot (NYSE:HD) opened at 135.26 on Thursday. Sather Financial Gru accumulated 8,095 shares or 0.36% of the stock. Finance Prtnrs Capital Mgmt Ltd Limited Liability Company accumulated 1,777 shares. Home Depot, Inc. has a twelve month low of $122.92 and a twelve month high of $168.14. The stock has a market cap of $164.77 billion, a PE ratio of 21.96 and a beta of 1.09. Marshwinds Advisory holds 1.32% of its portfolio in Home Depot Inc (NYSE:HD) for 18,127 shares. As of the end of the quarter Alliancebernstein L.P. had acquired 1,326,145 shares growing its position 16.5%. Home Depot, Inc. (The) had a net margin of 8.63% and a return on equity of 192.30%. The business had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.05 billion. During the same period in the previous year, the company posted $1.60 EPS. If you are accessing this news story on another site, it was illegally copied and republished in violation of USA & global copyright & trademark legislation. Following the completion of the transaction, the executive vice president now directly owns 33,147 shares in the company, valued at $4,984,977.33. Also, EVP Matt Carey sold 32,000 shares of Home Depot, Inc. The shares were sold at an average price of $157.10, for a total transaction of $5,027,200.00. Following the transaction, the executive vice president now directly owns 62,483 shares in the company, valued at approximately $9,816,079.30. The disclosure for this sale can be found here.

The company now has an insider ownership of 0.1 Percent and Institutional ownership of 73.2 Percent. Vetr upgraded Home Depot, Inc. Bath Savings Tru has invested 0.27% in Home Depot Inc (NYSE:HD). (The) by 16.4% in the second quarter. Waldron LP now owns 4,004 shares of the home improvement retailer's stock worth $573,000 after purchasing an additional 2,041 shares during the period. Riggs Asset Managment Co. (The) by 114.1% in the first quarter. The stock increased 1.40% or $2.32 during the last trading session, reaching $168.06. Sva Plumb Wealth Management Ltd Llc has invested 0.08% in Home Depot Inc (NYSE:HD). Major department stores like Macy's and J.C. Penney that reported third-quarter results last week said that the storms had hurt their sales. Schwab Charles Investment Management Inc. now owns 5,731,806 shares of the home improvement retailer's stock worth $841,602,000 after buying an additional 1,734,963 shares during the last quarter. (The) by 63.4% in the third quarter. The Palladium Partners Llc holds 185,020 shares with $28.38M value, down from 187,913 last quarter. (The Home Depot), launched on June 29, 1978, is a home improvement retailer. The Firm 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.