Those items generally make up a fifth of Home Depot's sales.
A number of hedge funds have recently bought and sold shares of HD. Barings LLC now owns 92,927 shares of the home improvement retailer's stock valued at $13,644,000 after buying an additional 15,080 shares in the last quarter.
Craig Menear, Home Depot's chairman, CEO and president, touted the "robust" ecommerce sector as a crucial aspect of its strong results. Finally, Vetr raised Home Depot from a "hold" rating to a "buy" rating and set a $152.86 price target on the stock in a research report on Thursday, February 23rd. Moreover, Aviance Limited has 0.37% invested in Home Depot Inc (NYSE:HD).
The problem occurs when the comp sales take a hit as competition picks up whether via Amazon or other retailers looking to capture the gains from the home improvement boom and the company is forced to pull back on share buybacks. Pictet & Cie Europe SA boosted its stake in Home Depot by 39.1% in the third quarter. The 1-year range for the stock is $119.2-$158.15. Home Depot, Inc. (The) (NASDAQ:HD) has risen 21.3% over the past 6 months and is uptrending. The firm has a 50-day moving average of $150.30 and a 200 day moving average of $139.35.
Capstone Asset Management Company decreased Home Depot Inc (HD) stake by 2.04% reported in 2016Q4 SEC filing. The market capitalization of the company is at $188.66 Billion. On Friday, November 18 BOYD JEFFERY H bought $1.28 million worth of Home Depot Inc (NYSE:HD) or 10,000 shares.
Home Depot's first quarter sales rose 4.9% to $23.9 billion, beating analyst estimates. Home Depot had a return on equity of 123.29% and a net margin of 8.23%.
The Home Depot, Inc. announced its recent quarter financial results after the market close on 21/02/2017, crushing consensus estimates with both its revenue and earnings. The institutional investor held 1,060 shares of the consumer services company at the end of 2016Q4, valued at $143,000, down from 32,520 at the end of the previous reported quarter. The company's quarterly revenue was up 5.8% on a year-over-year basis. Home Depot also raised its diluted earnings-per-share growth guidance for the year and now expects diluted earnings-per-share growth after anticipated share repurchases of approximately 11.0% from fiscal 2016 to $7.15. Deutsche Bank maintained Home Depot Inc (NYSE:HD) on Wednesday, August 17 with "Buy" rating. If you are viewing this piece on another site, it was illegally copied and republished in violation of USA & global copyright law.
The home improvement retailer benefited from cold weather early in the quarter that extended the window for winter products and generated traffic during a usually quiet in-between season for Home Depot, according to Saunders.
HD has been the subject of a number of analyst reports. BTIG Research increased their price objective on Home Depot from $155.00 to $175.00 and gave the company a "buy" rating in a research note on Monday. Credit Suisse Group AG set a $163.00 price target on Home Depot and gave the stock a "buy" rating in a research report on Tuesday, May 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company's stock.
Bottom line: there's a few "safe" spaces left in retail: DIY (Home Depot, Lowe's Sherwin Williams), beauty (Ulta, Coty), but nearly everything else-teen apparel, luxury, footwear, drugs and now the discount space-are under pressure. February through April, building material store sales are up 7.1%. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.