Is there a Bearish outlook for Home Depot Inc (NYSE:HD) this week?

November 14, 2017 - By Clifton Ray

 Is there a Bearish outlook for Home Depot Inc (NYSE:HD) this week?
Investors sentiment increased to 0.95 in 2017 Q2. Its up 0.12, from 0.83 in 2017Q1. It increased, as 38 investors sold Home Depot Inc shares while 632 reduced holdings. 120 funds opened positions while 517 raised stakes. 822.13 million shares or 1.82% less from 837.36 million shares in 2017Q1 were reported.
Wade G W And Inc holds 5,817 shares or 0.11% of its portfolio. Northstar Asset Mgmt Ltd Com invested in 6,783 shares or 0.47% of the stock. Howard Hughes Med Institute has 0.79% invested in Home Depot Inc (NYSE:HD) for 28,166 shares. Atlanta Cap Management Communications L L C invested in 208,281 shares or 0.19% of the stock. Oregon Public Employees Retirement Fund has invested 0.85% in Home Depot Inc (NYSE:HD). Spc Fincl Inc has 0.59% invested in Home Depot Inc (NYSE:HD). 213,310 are owned by Chicago Equity Prtnrs Ltd Liability Company. Invest Management Of Virginia Ltd Co stated it has 0.36% of its portfolio in Home Depot Inc (NYSE:HD). Duff Phelps Inv Mngmt owns 13,795 shares or 0.03% of their US portfolio. 1,975 were accumulated by Brick & Kyle. Massmutual Fsb Adv invested in 0% or 81,359 shares. Insight Cap And Mgmt holds 1.57% in Home Depot Inc (NYSE:HD) or 17,413 shares. Menta Ltd Llc has invested 0.27% of its portfolio in Home Depot Inc (NYSE:HD). Massachusetts Financial Service Ma holds 0.02% of its portfolio in Home Depot Inc (NYSE:HD) for 336,671 shares. Moreover, Cullinan has 0.27% invested in Home Depot Inc (NYSE:HD).

Home Depot Inc (NYSE:HD) Ratings Coverage

Among 30 analysts covering The Home Depot Inc. (NYSE:HD), 21 have Buy rating, 0 Sell and 9 Hold. Therefore 70% are positive. The Home Depot Inc. had 82 analyst reports since August 19, 2015 according to SRatingsIntel. The firm has “Buy” rating by Deutsche Bank given on Wednesday, August 17. The firm earned “Buy” rating on Tuesday, August 15 by Oppenheimer. Telsey Advisory Group maintained the shares of HD in report on Wednesday, February 22 with “Outperform” rating. The rating was downgraded by PiperJaffray on Monday, October 31 to “Neutral”. The firm has “Buy” rating given on Wednesday, September 13 by Jefferies. The firm earned “Outperform” rating on Wednesday, August 16 by Raymond James. On Monday, September 18 the stock rating was maintained by RBC Capital Markets with “Buy”. The firm has “Neutral” rating given on Thursday, May 11 by Atlantic Securities. The rating was upgraded by Nomura to “Buy” on Thursday, June 23. As per Monday, December 7, the company rating was maintained by Credit Suisse. Below is a list of Home Depot Inc (NYSE:HD) latest ratings and price target changes.

10/11/2017 Broker: Jefferies Rating: Buy New Target: $189.0 Maintain
08/11/2017 Broker: Bank of America Rating: Buy Old Target: $170 New Target: $190 Maintain
07/11/2017 Broker: KeyBanc Capital Markets Rating: Sector Weight Initiates Coverage On
30/10/2017 Broker: RBC Capital Markets Rating: Buy New Target: $179.0 Maintain
13/10/2017 Broker: Robert W. Baird Rating: Buy New Target: $175.0 Maintain
03/10/2017 Broker: Gordon Haskett Capital Corporation Rating: Buy New Target: $189.0 Initiate
29/09/2017 Broker: Piper Jaffray Rating: Hold New Target: $164.0 Maintain
18/09/2017 Broker: RBC Capital Markets Rating: Buy New Target: $179.0 Maintain
13/09/2017 Broker: BMO Capital Markets Rating: Buy New Target: $176.0 Maintain
13/09/2017 Broker: Jefferies Rating: Buy New Target: $182.0 Maintain

About 10.16 million shares traded or 189.46% up from the average. Home Depot Inc (NYSE:HD) has risen 18.65% since November 14, 2016 and is uptrending. It has outperformed by 1.95% the S&P500.

The Home Depot, Inc. is a home improvement retailer. The company has market cap of $198.11 billion. The Firm sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. It has a 24.13 P/E ratio. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) clients and professional customers.

More notable recent Home Depot Inc (NYSE:HD) news were published by: Reuters.com which released: “Home Depot’s quarterly profit jumps 10 percent” on November 14, 2017, also Fool.com with their article: “Home Depot Inc. Earnings: What to Watch” published on November 09, 2017, Seekingalpha.com published: “Home Depot: Upside Ahead” on November 02, 2017. More interesting news about Home Depot Inc (NYSE:HD) were released by: Bloomberg.com and their article: “Home Depot Is Removing Formaldehyde as Part of Push to Go Green” published on October 25, 2017 as well as Seekingalpha.com‘s news article titled: “Home Depot: I See Another Beat On The Horizon” with publication date: November 08, 2017.

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