Sci-tech

Reasons Why Home Depot is One of the Best S&P 500 Stocks

The fund owned 233,250 shares of the home improvement retailer's stock after selling 11,377 shares during the period. Ltd. increased its position in shares of Home Depot, Inc.

Other institutional investors also recently made changes to their positions in the company. (The) by 912.0% in the fourth quarter. Ltd. now owns 2,216,934 shares of the home improvement retailer's stock worth $297,415,000 after buying an additional 1,997,868 shares during the last quarter. 1St Source Bankshares invested 0.7% in Home Depot Inc (NYSE:HD). 7,000 shares valued at $1.10 million were sold by Campbell Ann Marie on Wednesday, May 17.

Cambridge Trust Company increased Home Depot Inc (HD) stake by 9.96% reported in 2016Q4 SEC filing. (The) by 1.3% in the first quarter. CT Financial Advisors LLC now owns 758 shares of the home improvement retailer's stock worth $111,000 after buying an additional 3 shares in the last quarter. Donaldson Cap Mngmt Ltd Limited Liability Company reported 2.22% in Home Depot Inc (NYSE:HD). These factors helped the company post earnings surprise in first-quarter fiscal 2017, retaining the four-year long trend of beating earnings estimates. Crow Timothy M had sold 88,253 shares worth $12.82 million. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers. (The) by 2.2% in the fourth quarter. The fund owned 208,880 shares of the home improvement retailer's stock after buying an additional 175,639 shares during the period. It also upped Darden Restaurants Inc (NYSE:DRI) stake by 1.94 million shares and now owns 3.19 million shares. $54,989 worth of Home Depot Inc (NYSE:HD) was bought by Hewett Wayne M. Carey Matt sold $2.30M worth of Home Depot Inc (NYSE:HD) on Wednesday, May 17. Wilbanks Smith Thomas Asset Management Lc holds 0.05% or 4,003 shares in its portfolio.

Company shares last traded at $152.59 a bit lower than the 50 day moving average which is $155.07 and which is just a bit higher than the 200 day moving average of $146.38. Allianz Asset Mngmt Ag has invested 0.34% in Home Depot Inc (NYSE:HD).

The P/E ratio is 22.83 and the market cap of the company is 182.43B. Zacks upgraded Home Depot Inc (NYSE:HD) on Monday, August 17 to "Sell" rating. Investors bought 8,096 put options on the stock. This is an increase of 110% compared to the average volume of 3,861 put options.

Home Depot, Inc. (The) (NYSE:HD) last announced its quarterly earnings results on Tuesday, May 16th. In the last earnings report the EPS was $6.68 and is projected to be $7.24 for the current year with 1,195,554,000 shares now outstanding. Home Depot, Inc. (The) had a net margin of 8.53% and a return on equity of 158.80%. The business had revenue of $23.89 billion during the quarter, compared to analysts' expectations of $23.74 billion. Analysts expect next quarter's EPS will be $1.79 and the next full year EPS is anticipated to be $8.19. The business's quarterly revenue was up 4.9% compared to the same quarter previous year. RBC Capital Markets maintained Home Depot Inc (NYSE:HD) rating on Wednesday, February 22.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Thursday, June 1st were given a $0.89 dividend.

Bamco Inc decreased Allergan Plc stake by 2,537 shares to 14,572 valued at $3.06 million in 2016Q4. The ex-dividend date was Tuesday, May 30th. The Home Depot Inc. had 53 analyst reports since August 19, 2015 according to SRatingsIntel.

Shares of Home Depot, Inc. "(The) (HD) Shares Sold by ProShare Advisors LLC" was posted by BNB Daily and is owned by of BNB Daily. If you are reading this article on another publication, it was stolen and reposted in violation of United States & global copyright and trademark laws. (The) news, CEO Craig A. Menear sold 90,661 shares of Home Depot, Inc.

A number of analysts have commented on HD shares. Murphy Pohlad Asset Ltd Liability stated it has 0.56% of its portfolio in Home Depot Inc (NYSE:HD). (The) from a hold rating to a buy rating and set a $169.00 price objective for the company in a research note on Wednesday. Tortoise Invest Mgmt Lc holds 0.12% in Home Depot Inc (NYSE:HD) or 2,534 shares. Credit Suisse Group set a $163.00 target price on Home Depot, Inc. Morgan Stanley upgraded the stock to "Overweight" rating in Thursday, February 23 report. (The) from a "hold" rating to a "buy" rating and set a $170.00 price target on the stock in a research report on Tuesday, April 25th. Finally, BTIG Research raised their price target on shares of Home Depot, Inc. (The) in a research note on Friday, June 16th. The firm has "Buy" rating given on Wednesday, August 17 by Citigroup. The legal version of this piece of content can be accessed at https://www.chaffeybreeze.com/2017/07/13/home-depot-inc-the-nysehd-given-market-perform-rating-at-sanford-c-bernstein.html. (The) stock in a transaction that occurred on Thursday, May 18th. The stock has "Hold" rating by Cantor Fitzgerald on Wednesday, November 18. The total value of its holdings increased 21.0%. Following the sale, the chief executive officer now directly owns 240,090 shares in the company, valued at approximately $37,643,711.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.



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