Notable Runner: Is Buying Home Depot Inc Here a Winning Strategy?

Notable Runner: Is Buying Home Depot Inc Here a Winning Strategy?

The stock of Home Depot Inc (NYSE:HD) is a huge mover today! About 2.59M shares traded hands. Home Depot Inc (NYSE:HD) has declined 2.99% since April 11, 2016 and is downtrending. It has underperformed by 9.14% the S&P500.
The move comes after 6 months positive chart setup for the $164.51B company. It was reported on Nov, 11 by Barchart.com. We have $161.25 PT which if reached, will make NYSE:HD worth $39.48 billion more.

Analysts await Home Depot Inc (NYSE:HD) to report earnings on November, 15. They expect $1.58 EPS, up 17.04% or $0.23 from last year’s $1.35 per share. HD’s profit will be $2.00 billion for 20.58 P/E if the $1.58 EPS becomes a reality. After $1.97 actual EPS reported by Home Depot Inc for the previous quarter, Wall Street now forecasts -19.80% negative EPS growth.

Home Depot Inc (NYSE:HD) Ratings Coverage

Out of 21 analysts covering The Home Depot Inc. (NYSE:HD), 14 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 67% are positive. The Home Depot Inc. has been the topic of 43 analyst reports since August 19, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Vetr given on Wednesday, August 19. The firm earned “Buy” rating on Wednesday, August 17 by Argus Research. Citigroup maintained it with “Buy” rating and $155 target price in Wednesday, August 17 report. The firm has “Hold” rating by S&P Research given on Wednesday, August 19. The stock of Home Depot Inc (NYSE:HD) has “Buy” rating given on Wednesday, November 18 by UBS. PiperJaffray downgraded the shares of HD in a report on Monday, October 31 to “Neutral” rating. The stock of Home Depot Inc (NYSE:HD) has “Neutral” rating given on Monday, October 31 by Piper Jaffray. As per Tuesday, August 25, the company rating was maintained by SEB Equity Research. The company was maintained on Monday, December 7 by Telsey Advisory Group. The firm earned “Hold” rating on Monday, August 17 by Cantor Fitzgerald.

According to Zacks Investment Research, “Home Depot is the one of world’s largest home improvement retailer. The company offers a level of service unprecedented among warehouse-style retailers. Home Depot stores cater to do-it-yourselfers, as well as home improvement, construction and building maintenance professionals. The Home Depot currently operates in the USA, Canada, Chile, Puerto Rico, and Argentina. The company also operates EXPO Design Centers across the U.S. and Villager’s Hardware in New Jersey.”

Insitutional Activity: The institutional sentiment increased to 0.92 in Q2 2016. Its up 0.05, from 0.87 in 2016Q1. The ratio is positive, as 63 funds sold all Home Depot Inc shares owned while 638 reduced positions. 103 funds bought stakes while 543 increased positions. They now own 870.00 million shares or 6.34% less from 928.89 million shares in 2016Q1.
Ims Mgmt last reported 7,938 shares in the company. Walter Keenan Financial Consulting Mi Adv holds 0.84% or 11,799 shares in its portfolio. Yhb Advsr Inc has 0.97% invested in the company for 34,463 shares. Gerstein Fisher accumulated 60,198 shares or 1.01% of the stock. Nomura Holdg, a Japan-based fund reported 2,523 shares. Greenwood Capital Associate last reported 0.85% of its portfolio in the stock. Springbok Capital Mgmt Limited Company holds 0.38% of its portfolio in Home Depot Inc (NYSE:HD) for 21,011 shares. The Nebraska-based Farmers And Merchants Invests has invested 0.2% in Home Depot Inc (NYSE:HD). Allstate Corporation holds 73,729 shares or 0.62% of its portfolio. Bancshares Of The West last reported 0.38% of its portfolio in the stock. Blb&B Advsr Limited Liability Company accumulated 1,625 shares or 0.04% of the stock. Bryn Mawr Tru has invested 0.53% of its portfolio in Home Depot Inc (NYSE:HD). Supplemental Annuity Collective Trust Of Nj holds 21,681 shares or 1.38% of its portfolio. The California-based First Quadrant Ltd Partnership Ca has invested 1.05% in Home Depot Inc (NYSE:HD). Guardian Life Ins Company Of America accumulated 0.05% or 4,754 shares.

Insider Transactions: Since May 18, 2016, the stock had 1 buying transaction, and 8 sales for $41.51 million net activity. Another trade for 97,610 shares valued at $13.21 million was made by TOME CAROL B on Monday, August 22. Carey Matt also sold $4.00 million worth of Home Depot Inc (NYSE:HD) on Wednesday, August 17. On Thursday, August 18 the insider Crow Timothy M sold $6.67M. Another trade for 43,026 shares valued at $5.64M was made by HOLIFIELD MARK on Wednesday, May 18. $1.35 million worth of Home Depot Inc (NYSE:HD) was sold by Decker Edward P. on Friday, August 19. 350 shares were bought by Hewett Wayne M., worth $46,386 on Tuesday, May 31. Lennie William G. sold $3.02M worth of stock or 22,996 shares.

More important recent Home Depot Inc (NYSE:HD) news were published by: Foxbusiness.com which released: “3 Things to Watch in Home Depot Inc’s Earnings” on November 10, 2016, also Foxbusiness.com published article titled: “The Number That Matters Most to Home Depot Inc.’s Business”, Fool.com published: “A Close Look at Home Depot Inc’s Dividend” on October 24, 2016. More interesting news about Home Depot Inc (NYSE:HD) was released by: Fool.com and their article: “2 Ways Home Depot Inc Is Losing to the Competition” with publication date: October 18, 2016.

HD Company Profile

The Home Depot, Inc. (The Home Depot), incorporated on June 29, 1978, is a home improvement retailer. The Firm sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores average approximately 104,000 square feet of enclosed space, with over 24,000 additional square feet of outside garden area. The Home Depot stores serve three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) clients and professional customers. The Firm has approximately 2,270 stores located throughout the United States, including the Commonwealth of Puerto Rico and the territories of the United States Virgin Islands and Guam, Canada and Mexico.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment