Home Depot Earnings: Can't Fix the Weather

Home Depot Earnings: Can't Fix the Weather

Home Depot Earnings: Can't Fix the Weather

To some degree, Home Depot is paying a price for years of very strong results that for one quarter, were merely very good.

Home Depot's (HD) fortunes are so tightly intertwined with the housing market that they are often viewed as a proxy for the sector. Insiders own 0.25% of the company's stock. It also increased its holding in Baidu Inc (NASDAQ:BIDU) by 27,184 shares in the quarter, for a total of 153,024 shares, and has risen its stake in Alphabet Inc. Analysts were estimating second-quarter revenues of $29.72 billion and EPS of $2.84. State of Tennessee Treasury Department lifted its stake in The Home Depot by 43.3% in the fourth quarter. Keeler Thomas Management LLC purchased a new stake in The Home Depot in the 4th quarter worth about $150,000. Burt Wealth Advisors now owns 870 shares of the home improvement retailer's stock worth $142,000 after acquiring an additional 396 shares during the period. (HD) stock price performed at a change of 4.91% from 20 day SMA and stands at a distance of 6.83% away from 50 day SMA. Its EPS was $0.14 while outstanding shares of the company were 1.43B. The Home Depot has a fifty-two week low of $189.87 and a fifty-two week high of $191.54. The firm has a market cap of $222.23 billion, a price-to-earnings ratio of 25.20, a price-to-earnings-growth ratio of 1.53 and a beta of 1.14.

The Home Depot (NYSE:HD) released its quarterly earnings data on Tuesday. The home improvement retailer reported $2.08 EPS for the quarter, topping analysts' consensus estimates of $2.05 by $0.03. The Home Depot had a net margin of 8.55% and a return on equity of 306.73%.

The company said that besides outdoor goods, its business last quarter was solid across other categories.

Many shoppers tend to buy gardening supplies to start home renovations in spring thus making it an important season for home improvement chain stores.

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Institutional investors and hedge funds have recently bought and sold shares of the company. Citigroup restated a buy rating and issued a $219.00 target price (up from $213.00) on shares of The Home Depot in a research note on Wednesday, February 21st.

JD.com, Inc., (NASDAQ: JD) exhibits a change of -2.39% during the current trading, with the company's shares hitting the price near 36.28 on active trading volume of 4144369 contrast its three months average trading volume of 12.93M. Telsey Advisory Group reiterated an "outperform" rating and issued a $220.00 price objective (up previously from $190.00) on shares of The Home Depot in a research note on Friday, January 19th. Finally, Zacks Investment Research downgraded The Home Depot from a "buy" rating to a "hold" rating in a research note on Thursday, February 22nd. Finally, Loop Capital began coverage on The Home Depot in a research note on Thursday, March 1st. In response, Jefferies upgraded the stock to "hold", and issued a price-target hike to $22. In a transaction dated February 27, 2018, the shares were put up for sale at an average price of $187.32, raking in a sum of $3,308,071.

Nomura Asset Management Company Ltd, which manages about $32.64B and $8.64 billion US Long portfolio, upped its stake in Jbg Smith Pptys by 144,275 shares to 201,586 shares, valued at $7.00M in 2017Q4, according to the filing. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

In other The Home Depot news, Director Gregory D. Brenneman bought 16,827 shares of the stock in a transaction on Wednesday, March 21st.

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. Following the completion of the transaction, the executive vice president now owns 73,815 shares of the company's stock, valued at $13,827,025.80. The disclosure for this purchase can be found here.

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