Home Depot Takes Lumps from Poor Sales

Home Depot delivers mixed 1Q results

Wells Fargo's price objective suggests a potential upside of 7.28% from the company's current price. (NYSE:HD) has 31 ratings reports on 15 May 2018 according to StockzIntelligence.

In December, Home Depot laid out long-term goals of boosting annual sales to as much as $120 billion by 2020, from $100.9 billion previous year. In response, Jefferies upgraded the stock to "hold", and issued a price-target hike to $22. The firm earned "Outperform" rating on Wednesday, January 24 by Credit Suisse. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. They set a "buy" rating and a $206.00 price target for the company. Moreover, Goelzer Invest Mngmt Inc has 0.04% invested in The Home Depot, Inc. 4,757,589 shares of the company's stock were exchanged, compared to its average volume of 5,082,929. (NYSE:HD). Inv Management Of Virginia Limited Liability Corp has invested 0.43% in The Home Depot, Inc. The RSI index of the company now stands at, while the change from open is calculated at 0.18%. The third largest holder is Capital World Investors, which now holds $11.93 billion worth of this stock and that ownership represents almost 5.38% of its market capitalization.

The Home Depot (NYSE:HD) last issued its earnings results on Tuesday, May 15th.

Thomson Reuters had forecast $25.15 billion in revenue and 5.4 percent in same-store sales growth. The Home Depot had a net margin of 8.55% and a return on equity of 306.73%. The firm had revenue of $23.88 billion for the quarter, compared to analyst estimates of $23.65 billion. During the same period past year, the firm earned $1.44 EPS.

Home Depot shares are up 0.7 percent year to date after being weighed down earlier this year in part because of the impact of an unusually long and snowy winter on sales, investors and analysts said. (NYSE:HD) was bought by BRENNEMAN GREGORY D on Wednesday, March 21. The stock grabbed 180 new institutional investments totaling 4,052,335 shares while 98 institutional investors sold out their entire positions totaling 4,137,535 shares. The insider Menear Craig A sold 113,687 shares worth $20.89 million.

5-year-old attacked by bear in Grand Junction
CPW told CBS Denver Sunday afternoon they have set up three traps in the neighborhood which will be left overnight. The child's mother discovered the attack when she heard screaming and saw a large black bear dragging the girl.

A simple moving average (SMA) is an arithmetic moving average calculated by adding the closing price of the security for some time periods and then dividing this total by the number of time periods. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 72,237,480 shares of the stock are valued at $13.75 billion. The disclosure for this sale can be found here.

Performance Review: Over the last 5.0 days, Pandora Media, Inc. Corporate insiders own 0.25% of the company's stock. Institutional investors and hedge funds own 70.85% of the company's stock. HM Payson & Co. lifted its holdings in The Home Depot by 88.2% during the 3rd 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.

The stock decreased 1.12% or $2.14 during the last trading session, reaching $188.94. Japan-based Nomura Asset Mgmt Com has invested 0.81% in The Home Depot, Inc. "Some of these will be recaptured, possibly helping the next quarter, but many more impulse driven buys are likely to have been lost", writes Neil Saunders, Managing Director of GlobalData Retail, in his comment on the results. Finally, West Coast Financial LLC grew its stake in shares of The Home Depot by 32.8% in the third quarter.

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