Economy

Brokerage Overview of: The Home Depot, Inc. (HD)

Brokerage Overview of: The Home Depot, Inc. (HD)”

Finally, Edge Wealth Management LLC raised its position in shares of Home Depot, Inc. (The) (NYSE:HD) from a buy rating to a hold rating in a research report sent to investors on Friday.

According to Zacks, "Home Depot's spectacular past performance has helped it to surpass the industry in the past year".

Investors are feeling more bearish on shares of the company of late as inferred by the motion in short interest. Notably, sales marked its 13th straight beat, while earnings retained its 5-year long trend of positive surprise.

The company last reported its quarterly results on Aug 15 BMO.

The Home Depot, Inc. (The) from a buy rating to a hold rating and set a $164.09 price objective on the stock.in a research note on Monday, June 19th.

Verizon Communications Inc. (NYSE:VZ) ended its day at $46.11 with the rising stream of -0.19% and its total traded volume was 14.13 million shares less than the average volume. Gwm Advisors LLC bolstered its stake by buying 1,879 shares an increase of 21.7% as of 06/30/2017. Zacks Investment Research raised shares of The Home Depot from a "hold" rating to a "buy" rating and set a $144.00 price target on the stock in a report on Tuesday, October 4th. Finally, Bank of Montreal Can increased its stake in shares of The Home Depot by 6.8% in the third quarter. One analyst has rated the stock with a sell rating, seven have given a hold rating and eighteen have issued a buy rating to the company. Longbow Research restated a "buy" rating and set a $175.00 price objective on shares of Home Depot, Inc. (HD) opened at 159.66 on Friday. The firm has a 50 day moving average price of $150.97 and a 200 day moving average price of $151.33. Home Depot, Inc. has a 12-month low of $119.20 and a 12-month high of $160.86. Court Place Advisors Ltd Llc reported 1.72% of its portfolio in Home Depot Inc (NYSE:HD). In the last earnings report the EPS was $6.95 and is estimated to be $7.32 for the current year with 1,178,817,000 shares outstanding. The firm had revenue of $28.11 billion for the quarter, compared to analysts' expectations of $27.84 billion. Net profit margin of the company was recorded at 8.6 percent, operating profit margin was 14.4 percent, while gross profit margin stands at 34.1 percent. The business's quarterly revenue was up 6.2% compared to the same quarter previous year. The stock of Home Depot Inc (NYSE:HD) earned "Overweight" rating by Barclays Capital on Wednesday, August 16. If you are accessing this piece on another domain, it was illegally stolen and republished in violation of United States and worldwide copyright & trademark laws. The stock was sold at an average price of $130.80, for a total transaction of $2,616,000.00.

Investors sentiment increased to 0.95 in 2016 Q4. This represents a $3.56 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date has been established as Tuesday the 29th of August 2017. On average, equities analysts expect that Home Depot, Inc. will post $7.32 EPS for the current year. Home Depot, Inc. (The)'s dividend payout ratio (DPR) is 51.15%.

More notable recent Home Depot Inc (NYSE:HD) news were published by: Seekingalpha.com which released: "Should We Invest In Home Depot Now?" on September 04, 2017, also Usatoday.com with their article: "Home Depot settles charges that it sold recalled products" published on August 30, 2017, Investorplace.com published: "Monday's Vital Data: Apple Inc".

A total of 10 Billion shares exchanged at hands and its average trading volume is standing at 5.14 Million shares. Following the sale, the executive vice president now directly owns 62,483 shares in the company, valued at $9,816,079.30. The SEC filing shows that Roseborough Teresa Wynn performed a sale of 15,000 shares. The stock witnessed 2.83% gains, 4.38% gains and 8.72% gains for the 1-month, 3-month and 6-month period, respectively. (HD)'s RSI (Relative strength index) is at 68.55, its ATR (Average True Range) value is 2.4, while its Beta factor was calculated at 1.07. Moreover, 1607 Capital Partners Llc has 0.38% invested in the company for 377,422 shares. The disclosure for this sale can be found here. The Eagle Ridge Investment Management holds 66,170 shares with $8.87 million value, down from 96,433 last quarter.

A number of hedge funds have recently modified their holdings of HD. Legacy Private Trust Co. lifted its position in Home Depot, Inc. (The) by 20.8% during the first quarter. Grassi Management owns 1.43% invested in Home Depot Inc (NYSE:HD) for 58,609 shares. Bank of Montreal Can lifted its position in Home Depot, Inc. (The) by 6.1% during the first quarter. Carey Matt also sold $2.30 million worth of Home Depot Inc (NYSE:HD) shares. Clarkston Capital Prtnrs Lc has invested 0.01% of its portfolio in Home Depot Inc (NYSE:HD). (The) by 12.4% during the first quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer's stock valued at $108,000 after buying an additional 101 shares during the last quarter.

About Home Depot, Inc. (The) by 0.6% during the first quarter. Peoples Financial Services CORP. now owns 1,025 shares of the home improvement retailer's stock valued at $151,000 after buying an additional 125 shares during the last quarter.



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