Home Depot sees 4Q profit growth on strong housing market
Feb 23 2017
(NYSE:HD) jumped 1.41 percent and ended the day at $145.02. The stock exchanged hands with 4,504,397 shares higher as compared to its average daily volume of 798.25K shares. The Home Depot stores average approximately 104000 square feet of enclosed space with approximately 24000 additional square feet of outside garden area. (HD) is slated to announce its fiscal Q4 earnings on Feb 21 BMO, Feb 21 BMO. Nomura also Upgrade the company to Buy on 23-Jun-16, 2016. Eight equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Looking at the stock's movement on the chart, The Home Depot, Inc. recorded a 52-week high of $142.99. Company has a market cap of $176,658 M. (NYSE:HD)'s growth estimate is 13.7 percent for the current quarter. In calendar year 2016, the company managed a total return of just 3.5% in 2016, and all of that seems to have come from a rally late in the year.
More Americans signed contracts to buy homes in December, according to The National Association of Realtors in its seasonally adjusted pending home sales index, which rose 1.6 percent to 107.3. The median sales price of a single-family home increased in 158 out of 178 metropolitan areas during the fourth quarter, or about 90% of these markets, the NAR said. Piper Jaffray analysts disclosed their opinion on The Home Depot, Inc. (NYSE:HD) opened at 145.02 on Wednesday.
Important factors to focus when evaluating a stock's present and future value are the 52 week price high and low levels. Current stock price is in the upbeat territory taking into account of 20 days moving average with 4.72% and continued bullish run for 50 days moving average with 5.37%. On technical aspect, moving averages may help to distinguish path of dispositions, and they may also be used to set degrees of support and resistance.
The company hiked its quarterly dividend by 29% and enacted a new $15 billion share repurchase program.
When we look at the recommendation trends, the stock presently has an average brokerage recommendation of 0. Housing starts are fresh off their strongest year since 2007.
Total sales of $94.60 billion, up 6.9% from $88.52 billion in the previous year. The stock added 3.68% beyond one week and climbed 6.95% during previous one month session. Thus showing a Surprise of 5.9 percent. Home Depot, Inc. (The) had a net margin of 8.23% and a return on equity of 123.29%. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 0.69% with $1.22 Billion sitting short, betting on future declines. The short ratio in the company's stock is documented at 1.99 and the short float is around of 0.69%.