Today’s Price Action: After Today’s Big Increase, Is Home Depot Inc’s Near-Term Analysis Positive?

Today's Price Action: After Today's Big Increase, Is Home Depot Inc's Near Term Analysis Positive?

The stock of Home Depot Inc (NYSE:HD) is a huge mover today! About 3.18M shares traded hands. Home Depot Inc (NYSE:HD) has risen 0.62% since March 3, 2016 and is uptrending. It has underperformed by 7.73% the S&P500.
The move comes after 8 months positive chart setup for the $158.99B company. It was reported on Oct, 6 by Barchart.com. We have $168.09 PT which if reached, will make NYSE:HD worth $47.70 billion more.

Analysts await Home Depot Inc (NYSE:HD) to report earnings on November, 15. They expect $1.58 earnings per share, up 17.04% or $0.23 from last year’s $1.35 per share. HD’s profit will be $1.94B for 20.46 P/E if the $1.58 EPS becomes a reality. After $1.97 actual earnings per share 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 19 analysts covering The Home Depot Inc. (NYSE:HD), 14 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 74% are positive. The Home Depot Inc. has been the topic of 41 analyst reports since August 19, 2015 according to StockzIntelligence Inc. Cantor Fitzgerald maintained Home Depot Inc (NYSE:HD) on Monday, August 17 with “Hold” rating. Goldman Sachs maintained Home Depot Inc (NYSE:HD) on Tuesday, August 18 with “Neutral” rating. The company was maintained on Wednesday, November 18 by Argus Research. The rating was maintained by Credit Suisse on Wednesday, November 18 with “Outperform”. On Friday, May 13 the stock rating was maintained by Jefferies with “Buy”. Goldman Sachs maintained Home Depot Inc (NYSE:HD) rating on Wednesday, April 6. Goldman Sachs has “Neutral” rating and $143 price target. Vetr downgraded it to “Buy” rating and $121.59 target price in Saturday, August 29 report. Nomura upgraded the shares of HD in a report on Thursday, June 23 to “Buy” rating. UBS maintained the stock with “Buy” rating in Wednesday, November 18 report. SEB Equity Research maintained the shares of HD in a report on Tuesday, August 25 with “Sell” rating.

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 improved, 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.
Hudson Valley Invest Adv, a New York-based fund reported 68,272 shares. Geode Limited Liability Corp accumulated 10.67M shares or 0.74% of the stock. Skylands Limited Liability Corp last reported 0.25% of its portfolio in the stock. Citadel Advisors Ltd Limited Liability Company has 0.03% invested in the company for 184,847 shares. Banque Pictet Cie Sa reported 273,071 shares or 0.93% of all its holdings. Amica Retiree holds 0.81% or 7,480 shares in its portfolio. Cranbrook Wealth Management Limited Com accumulated 1,140 shares or 0.07% of the stock. Nikko Asset Mngmt Americas last reported 0.16% of its portfolio in the stock. Delta Asset Mngmt Lc Tn reported 10,352 shares or 0.23% of all its holdings. Moreover, First Long Island Invsts Limited Liability Company has 1.98% invested in Home Depot Inc (NYSE:HD) for 77,693 shares. Cadence State Bank Na accumulated 12,808 shares or 0.81% of the stock. The Vermont-based Manchester Limited Liability Com has invested 0.26% in Home Depot Inc (NYSE:HD). The Ontario – Canada-based Tdam Usa Inc has invested 1.18% in Home Depot Inc (NYSE:HD). The New Jersey-based Strategy Asset Managers Lc has invested 0.12% in Home Depot Inc (NYSE:HD). Moreover, Stillwater Capital Advisors Limited Liability has 2.52% invested in Home Depot Inc (NYSE:HD) for 66,011 shares.

Insider Transactions: Since May 18, 2016, the stock had 1 insider purchase, and 8 selling transactions for $41.51 million net activity. HOLIFIELD MARK sold $5.64 million worth of stock. Carey Matt had sold 29,357 shares worth $4.00 million. On Tuesday, May 31 Hewett Wayne M. bought $46,386 worth of the stock or 350 shares. TOME CAROL B had sold 97,610 shares worth $13.21M. $3.02 million worth of Home Depot Inc (NYSE:HD) was sold by Lennie William G. on Thursday, May 19. Another trade for 11,671 shares valued at $1.59 million was made by Roseborough Teresa Wynn on Thursday, August 18. $6.07M worth of Home Depot Inc (NYSE:HD) shares were sold by Menear Craig A.

More notable recent Home Depot Inc (NYSE:HD) news were published by: Fool.com which released: “What Is Home Depot Inc’s Competitive Advantage?” on October 05, 2016, also Investorplace.com with their article: “3 Big Stock Charts: Home Depot Inc (HD), Wayfair Inc (W) and iPath S&P 500 VIX …” published on October 05, 2016, Fool.com published: “5 Surprising Facts About Home Depot Inc You Need to Know” on September 20, 2016. More interesting news about Home Depot Inc (NYSE:HD) were released by: Fool.com and their article: “Better Buy: The Home Depot, Inc. vs. Lowe’s” published on September 16, 2016 as well as Fool.com‘s news article titled: “Better Buy: Wal-Mart Stores Inc. vs. Home Depot” with publication date: September 21, 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.

Leave a Comment