It increased, as 38 investors sold HD shares while 632 reduced holdings.
Though the chain largely has been immune to customers defecting to Amazon.com - it's usually impractical to buy a two-by-four of lumber online - management wants to make sure Home Depot doesn't get passed by. Monetary Gp Incorporated reported 2.45% in The Home Depot, Inc.
However, analysts point out that the world's largest home improvement retailer has a history of conservative guidance, and the company's Chief Financial Officer Carol Tome pointed out during the meeting that Home Depot has beat or exceeded its forecast every year since 2009.
The company on its investor day call sought to allay concerns about limits on deductions for mortgage interest proposed under the Republican U.S. tax overhaul, a factor that may curb the appetite for new homes. The Beaumont Financial Partners Llc holds 4,369 shares with $670,000 value, up from 1,689 last quarter. Moreover, Wetherby Asset Management has 0.6% invested in The Home Depot, Inc. The stock has "Buy" rating by Robert W. Baird on Tuesday, August 15.
Pictet & Cie Europe SA lifted its position in shares of Home Depot, Inc.
Shares of Home Depot (NYSE:HD) traded down $2.05 on Friday, reaching $180.80. In the past 3-month period alone, shares of HD have appreciated +34.12 - or +22.63%.
The company holds a market cap of 213568.81 with a P/E of 25.38 indicating whether its share price properly reflects its performance. The firm has a 50 day moving average of $153.93 and a 200-day moving average of $142.77. The home improvement retailer reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.03.
As customers' home values were underwater, they pulled back on home improvements, sending Home Depot's sales plunging. The company had revenue of $25.03 billion for the quarter, compared to the consensus estimate of $24.53 billion. The company's revenue for the quarter was up 8.1% compared to the same quarter a year ago. Deutsche Bancorp Ag stated it has 0% in Stepan Company (NYSE:SCL).
The Home Depot (HD) reaffirmed its sales and earnings per share guidance for fiscal 2017.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. The insider, CAREY MATT, now holds 51,816 shares of HD. This represents a $3.56 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Wednesday, November 29th. Jennison Associates LLC increased its stake in Home Depot by 14.4% in the second quarter. HD has been the subject of several recent research reports. The Home Depot Inc. had 92 analyst reports since August 19, 2015 according to SRatingsIntel. UBS maintained the shares of HD in report on Wednesday, November 18 with "Buy" rating.
The most recent open market insider trade was Sell of 32,000 shares on a day where the closing price was 157.1. (NYSE:HD) traded down $3.19 during midday trading on Wednesday, hitting $179.66. Jefferies Group reaffirmed a "buy" rating and issued a $182.00 target price on shares of Home Depot in a report on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. The stock now has an average rating of "Buy" and an average price target of $163.26. Overall, the share price is up 36.37% so far this year.
Fundamentalists and value investors are seeing the low ratio of 2.15 as more positive - demonstrating that the company has a great deal of revenue with a fair price. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Wayne M. Hewett bought 350 shares of the stock in a transaction dated Wednesday, May 17th. The total amount of shares outstanding is 1.17 billion, giving the company a market capitalization of about 215.96 billion. The disclosure for this purchase can be found here. In the a year ago there have been a total of 61 insider trades, including 20 open market buys and 41 sells.
The Piotroski score is a discrete score between 0-9 that reflects nine criteria used to determine the strength of a company's financial position.
Home Depot is riding a multi-year recovery in the US housing market and has also benefited from reconstruction and fix work related to Hurricanes Irma and Harvey that struck the United States in August and September. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services.