Published: Wed, May 16, 2018
Markets | By Noel Gibbs

Home Depot Sales Miss Estimates; Fretting Ensues

Home Depot Sales Miss Estimates; Fretting Ensues

The 52-week low presently is 32.46%, and the 52-week high is now set up at -7.96%. Eaton Vance Management has cut its stake in American Tower Corp New (NYSE:AMT) and also reduced its holding in Alleghany Corp Del (NYSE:Y) by 101,018 shares in the quarter, for a total of 37,437 shares.

A number of other hedge funds also recently bought and sold shares of HD. Blb&B Ltd Liability has invested 0.06% in The Home Depot, Inc.

Spring is an especially important season for the home improvement retailer as shoppers traditionally stock up on gardening supplies and renovation materials. University Of Texas Managment Co invested 0.15% of its capital in The Home Depot, Inc.

Ar Asset Mgmt owns 23,250 shares or 1.7% of their U.S. portfolio. Jacobi Capital Management LLC increased its holdings in shares of The Home Depot by 16.4% during the second quarter. The stock witnessed 10.58% gains, 3.81% gains and 17.03% gains for the 1-month, 3-month and 6-month period, respectively. Trillium Asset Management LLC lifted its holdings in The Home Depot by 4.4% during the 4th quarter. Finally, West Coast Financial LLC grew its stake in shares of The Home Depot by 32.8% in the third quarter. Over the last three months, insiders sold 169,027 shares of company stock worth $31,220,882. Institutional investors and hedge funds own 70.85% of the company's stock.

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HD has been the topic of several other reports. On Thursday, November 16 the stock has "Buy" rating by Citigroup. Finally, Zacks Investment Research lowered The Home Depot from a buy rating to a hold rating in a research note on Thursday, February 22nd. But, they always look for clear and accurate business statistic, regardless of the target company. On Wednesday, February 21 Wedbush maintained The Home Depot, Inc. In response, Jefferies upgraded the stock to "hold", and issued a price-target hike to $22.

Moving on, Home Depot is now trading at 19.8X forward 12-months earnings estimates.

Before Tuesday's dip, shares of Home Depot were up roughly 19% over the past year, topping the S&P 500's 13.8% climb. $204.78's average target is 8.38% above currents $188.94 stock price. Following the transaction, the director now directly owns 42,300 shares of the company's stock, valued at approximately $7,557,318. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Following the transaction, the director now directly owns 46,332 shares in the company, valued at $8,260,532.28. The disclosure for this purchase can be found here. Achmea Investment Management B.V. now owns 195,398 shares of the home improvement retailer's stock valued at $34,824,000 after acquiring an additional 6,051 shares in the last quarter.

Home Depot Inc shares fell $5.33 (-2.79%) in premarket trading Tuesday. 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. The S&P 500 declined 0.9 percent as utilities and real estate stocks lagged. Both of these estimates help underscore the fact that Home Depot's first quarter ticket sales popped 5.8%, helping offset a 1.3% decline in overall customer transactions. The stock has a market capitalization of $217,738.48, a price-to-earnings ratio of 24.98, a PEG ratio of 1.49 and a beta of 1.15.

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

Revenue and comparable-store sales at the world's largest home-improvement retailer missed analysts' estimates, although profit beat projections for the 16th-straight quarter. During the same quarter in the prior year, the company earned $1.44 EPS. During the same period previous year, the firm posted $1.67 earnings per share.

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