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Home Depot's Sales Miss Suggests Cooling Housing Market

15 May, 2018, 22:47 | Author: Sara Gill
  • The Top Three Holders Of The Home Depot, Inc. (HD)

According to a filing Eaton Vance Management reduced its stake in Oceaneering Intl Inc (NYSE:OII) by 1.54 million shares to 1.22 million shares, valued at $25.72 million in 2017Q4. Trillium Asset Management LLC lifted its holdings in The Home Depot by 4.4% during the 4th quarter. (NYSE:HD) for 114,512 shs. Brown Management Limited Liability Co owns 0.03% invested in The Home Depot, Inc. Stifel Nicolaus maintained the shares of HD in report on Friday, December 22 with "Buy" rating. Kcm Invest Advsr Ltd Liability Com holds 1.3% in The Home Depot, Inc. (NYSE:HD) for 1.14M shares. Kemnay Advisory Services Inc acquired 9,366 shares as Cit Group Inc (CIT)'s stock rose 2.13%. (NYSE:HD) on Friday, March 2.

The Home Depot, Inc operates as a home improvement retailer.

Recently, In a report published on 15 May, Home Depot (NYSE:HD) shares have had their "Buy" Rating maintained by stock research analysts at Robert W. Baird, who now has a $215.0000 target price per share on firm. (NYSE:HD) for 60,312 shs. Denali Advisors LLC acquired a new position in The Home Depot in the 4th quarter worth about $133,000.

The Home Depot (NYSE:HD) last issued its earnings results on Tuesday, February 20th. Frontier Cap Ltd Llc invested in 0% or 1,235 shares. Broderick Brian C invested in 2.97% or 42,898 shs. Mutual Of Omaha Bancorporation Wealth owns 4,885 shs or 0.25% of their United States capital. The Washington-based Coldstream Inc has invested 0.46% in The Home Depot, Inc. The ratio has increased, as 195 institutional investors opened new or increased equity positions, while 72 sold and reduced their positions in Commerce Bancshares Inc.

HD had 5 selling transactions and 2 insider buys since December 7, 2017. Mai Capital Mngmt has invested 0.9% in The Home Depot, Inc. The insider Roseborough Teresa Wynn sold $1.97M.

"The miss in terms of garden was significant against what we planned", Chief Executive Officer Craig Menear said on a call with analysts. BRENNEMAN GREGORY D also bought $3.00M worth of The Home Depot, Inc. Rothschild Il holds 0.35% or 17,190 shs. 37,680 shs valued at $7.02 million were sold by Campbell Ann Marie on Thursday, February 22. (NYSE:HD) with "Buy" rating.


Net earnings rose by 19.4% year over year.

In the transaction dated February 23, 2018, the great number of shares disposed came courtesy the EVP - U.S. Stores; Campbell Ann Marie disposed a total of 37,680 shares at an average price of $186.26, amounting to approximately $7,018,277. The institutional investor purchased 1,205 shares of the home improvement retailer's stock, valued at approximately $228,000. BMO Capital Markets maintained The Home Depot, Inc.

The Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, May 15th. It has outperformed by 7.39% the S&P500. Tower Research Capital Llc Trc has cut its stake in Powershares Qqq Trust (QQQ) and also reduced its holding in Ishares Tr (IWS) by 44,626 shares in the quarter, for a total of 174 shares.

In April, homebuilder confidence slid for the fourth consecutive month as the cost of home ownership slides out of reach for more Americans. (NYSE:HD) news announced briefly go to: Streetinsider.com, Seekingalpha.com, Streetinsider.com, Nasdaq.com or Streetinsider.com.

Home Depot management made the point that the 2.2% gain comparable sales during April was a weather anomaly due to unusual snow during the month in some regions rather than a lack of consumer demand. Be in 10 Years?" with a publish date: "May 06, 2018, "How Home Depot Inc Is Winning With Millennials" and the last "Game Plan For The Week - Cramer's Mad Money (5/11/18)" with publication date: "May 14, 2018. Capital Advisors Inc Ok holds 0.19% or 16,960 shares in its portfolio. The positive are 80%.

The 52-week low presently is 32.46%, and the 52-week high is now set up at -7.96%. This company shares are 10.95% off its target price of $212.01 and the current market capitalization stands at $221.65B. The Home Depot now has an average rating of "Buy" and an average price target of $194.80. Home Depot had 31 analyst reports since November 16, 2017 according to SRatingsIntel. (NYSE:HD) earned "Buy" rating by Argus Research. Two investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation, twenty-four have given a buy recommendation and one has issued a strong buy recommendation on the company. On Tuesday, February 20 the rating was maintained by Robert W. Baird with "Buy". The rating was maintained by Credit Suisse on Wednesday, November 29 with "Buy".

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