Home Depot, Inc. | $HD Stock | Shares Slump Following Q1 Revenue Miss
May 16 2018
The titles are as follows: "Lowe's (LOW) Declines in Sympathy with Home Depot (HD) Following Home Depot's Q1 Comp Miss" announced on May 15, 2018, "Home Depot Building For The Long Haul" on April 21, 2018, "Can Online Sales Drive Growth For Home Depot In The First Quarter?" with a publish date: "May 11, 2018, "Home Depot Inc Stock Is Getting Hammered â€" Nail This Easy DIY Trade" and the last "4 Things That Could Make or Break Home Depot Inc Stock on Tuesday" with publication date: "May 14, 2018. "This is indicative of a stock in an uptrend", he said. Pinnacle Wealth Planning Services Inc. purchased a new stake in The Home Depot during the 4th quarter valued at about $112,000. Institutional investors and hedge funds own 70.85% of the company's stock. Ironwood Inv Counsel Lc holds 1.25% of its portfolio in The Home Depot, Inc. Home Depot fell 2 percent in midday trading. Empire Life Investments Inc. now owns 957 shares of the home improvement retailer's stock valued at $157,000 after acquiring an additional 670 shares during the period. Trillium Asset Management LLC grew its stake in shares of The Home Depot by 2.2% in the third quarter.
Still, Home Depot kept its full-year sales and earnings forecasts intact and said it was seeing double-digit sales growth in May.
US stocks dropped sharply on Tuesday after Home Depot stated quarterly sales that fell short of Wall Street's expectations and interest rates breached new highs. Finally, Dorsey & Whitney Trust CO LLC lifted its holdings in The Home Depot by 7.6% during the 3rd quarter. The stock, which fell over 3 percent in early trade, was last down 1.8 percent at $187.63. The stock grabbed 180 new institutional investments totaling 4,052,335 shares while 98 institutional investors sold out their entire positions totaling 4,137,535 shares. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Roseborough Teresa Wynn sold $1.97 million worth of stock or 10,916 shares. Following the transaction, the director now directly owns 42,300 shares of the company's stock, valued at approximately $7,557,318. Over the last three months, insiders sold 169,027 shares of company stock worth $31,220,882.
The real company's stock price will probably be higher than those virtually calculated, but that is yet going to be seen. The analyst expressed concern over several fundamental hurdles, including Model 3 production and the recent executive restructuring. Credit Suisse Group raised their target price on The Home Depot from $183.00 to $222.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 24th. On Wednesday, January 24 the rating was maintained by Stifel Nicolaus with "Buy". Two research analysts have rated the stock with a sell rating, six have given a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. It is negative, as 51 investors sold HD shares while 662 reduced holdings. The company has a debt-to-equity ratio of 16.69, a quick ratio of 0.38 and a current ratio of 1.17. The Home Depot, Inc. Analysts were estimating second-quarter revenues of $29.72 billion and EPS of $2.84.
Home Depot'searnings was impacted by poor weather trends - often an excuse used by companies to justify a poor quarter. The Home Depot had a net margin of 8.55% and a return on equity of 306.73%. However, the revenue failed to beat the analyst consensus projection of $25,202 million. During the same period a year ago, the firm earned $1.44 EPS. A large volume of successful sales brings the profit to the company, and The Home Depot, Inc. has had some accomplishments in this field.