March 21, 2018

Home Depot lifts full-year forecasts on boost from hurricanes

14 November 2017, 04:06 | Cesar Cruz

Swarthmore Group Holding in Lauder Estee Cos (EL) Has Cut by $3.04 Million; Acropolis Investment Management Has Raised Home Depot (HD) Position

Vicente Aguiar loads garage door trims into his pickup truck outside The Home Depot in Hialeah Fla. The Home Depot Inc. reports financial results on Tuesday Nov. 14 2017

(NYSE:HD) by 0.1% during the second quarter, according to its most recent 13F filing with the SEC.

A number of other hedge funds also recently bought and sold shares of HD. Jackson Grant Investment Advisers Inc. now owns 1,701 shares of the home improvement retailer's stock valued at $217,000 after buying an additional 9 shares in the last quarter. (The) by 2.9% during the second quarter. Bancshares Of Montreal Can owns 2.74 million shares for 0.4% of their portfolio. Capital Research Global Investors increased its position in Home Depot, Inc. (The) by 41.6% in the second quarter. The home improvement store posted diluted net earnings per share of $1.84 in the quarter on revenues of $25.00 billion. Wedbush Securities Inc. boosted its holdings in Home Depot, Inc. (The) by 13.6% in the first quarter. The institutional investor held 99,900 shares of the consumer non-durables company at the end of 2017Q2, valued at $9.59 million, down from 131,875 at the end of the previous reported quarter. Cantor Fitzgerald maintained Home Depot Inc (NYSE:HD) rating on Monday, August 17.

Since May 17, 2017, it had 0 insider purchases, and 1 sale for $4.86 million activity. It increased, as 38 investors sold HD shares while 632 reduced holdings. Janney Capital Management LLC lifted its stake in Home Depot, Inc. (The) by 66.6% in the second quarter. Beese Fulmer Investment Management Inc. now owns 3,676 shares of the home improvement retailer's stock valued at $469,000 after buying an additional 19 shares in the last quarter. (The) and gave the stock a buy rating in a research report on Monday, October 30th. Arcadia Inv Corporation Mi owns 0.84% invested in Home Depot Inc (NYSE:HD) for 17,280 shares. The firm has "Buy" rating given on Friday, June 23 by Jefferies. (The) in a research report on Tuesday, September 5th. Home Depot Inc (NYSE:HD) has risen 18.65% since November 12, 2016 and is uptrending. (The) from a "hold" rating to a "sell" rating in a report on Wednesday, August 23rd.

Depending on the earnings numbers reported, The Home Depot, Inc. The firm has "Outperform" rating by RBC Capital Markets given on Wednesday, November 16. Oppenheimer Holdings, Inc. set a $178.00 price target on Home Depot, Inc. Wells Fargo upgraded the stock to "Outperform" rating in Friday, May 5 report. (The) from a "buy" rating to a "strong-buy" rating and set a $166.59 price target on the stock in a research report on Monday, August 28th. The company has an average rating of "Buy" and a consensus price target of $173.18. Roseborough Teresa Wynn had sold 29,076 shares worth $4.57M on Wednesday, May 17. In terms of recent volatility, the average for the month is 1.15% and 1.03% for the past week. Following the completion of the sale, the executive vice president now owns 33,147 shares in the company, valued at approximately $4,984,977.33. 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 owns 44,107 shares of the company's stock, valued at $5,999,875.21. The disclosure for this sale can be found here. Insiders own 0.26% of the company's stock. Arrow Financial Corp's holdings in Home Depot, Inc. "(The) (HD) Shares Sold by Macguire Cheswick & Tuttle Investment Counsel LLC" was originally reported by Week Herald and is the property of of Week Herald. If you are reading this article on another publication, it was stolen and reposted in violation of United States & global copyright laws. Rothschild Asset Management Inc owns 369,655 shares worth $60,461,000. (HD) opened at $165.35 on Tuesday. The company has a debt-to-equity ratio of 6.87, a current ratio of 1.30 and a quick ratio of 0.48. HD's profit would be $2.12 billion giving it 22.79 P/E if the $1.80 EPS is correct.

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Among 30 analysts covering The Home Depot Inc.

The company attributed about $282 million in same-store sales growth to the hurricanes. The stock of Home Depot Inc (NYSE:HD) has "Sell" rating given on Tuesday, August 25 by SEB Equity Research. The business had revenue of $28.11 billion for the quarter, compared to the consensus estimate of $27.84 billion. The company's revenue was up 6.6% on a year-over-year basis.

Sales at Home Depot's stores open for more than a year rose 7.9 percent in the third quarter, above the average analyst estimate of 5.9 percent, according to Thomson Reuters I/B/E/S. Guidance will be important, as Home Depot is a bellwether for economic growth on Main Street, USA.

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