Advantage Investment Management LLC acquired a new stake in shares of Home Depot during the fourth quarter valued at about $103,000. West Coast Financial LLC now owns 1,760 shares of the home improvement retailer's stock worth $226,000 after buying an additional 5 shares during the period.
Home Depot's stock enjoyed a 2% bump in pre-market trading as the company raised its guidance and beat analyst expectations. Pictet & Cie Europe SA increased its stake in Home Depot by 39.1% in the third quarter. Benedict Finance Advsrs has invested 0.49% of its portfolio in Home Depot Inc (NYSE:HD). Over the last 12 months, HD's stock price has risen $23.72, or +17.53%. After a recent check, company stock has been trading near the $157.04 mark. The original version of this story can be read at https://transcriptdaily.com/2017/05/16/home-depot-inc-hd-expected-to-post-q1-2018-earnings-of-1-63-per-share.html.
The company has a 50 day moving average of 150.81 and a 200 day moving average of 139.69. Mu Investments who had been investing in Home Depot for a number of months, seems to be less bullish one the $193.13B market cap company. The company's share price has outperformed the S&P 500 year to date by over 9.59%.
Saunders cited Home Depot's Spring Black Friday sales event and its new Patio Mix & Match offer, which allows shoppers to customize their patio sets, as examples. This is an increase of approximately 117% compared to the typical daily volume of 5,621 put options. The Company also raised its diluted earnings-per-share growth guidance for the year and now anticipates diluted earnings-per-share growth after anticipated share repurchases of about 11.0 percent from fiscal 2016 to $7.15. The home improvement retailer reported $1.67 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.61 by $0.06. The company had revenue of $22.21 billion during the quarter, compared to the consensus estimate of $21.74 billion. Home Depot had a return on equity of 123.29% and a net margin of 8.23%. These risks and uncertainties include but are not limited to those described in Item 1A, 'Risk Factors, ' and elsewhere in our Annual Report on Form 10-K for our fiscal year ended January 29, 2017 and in our subsequent Quarterly Reports on Form 10-Q.
On a per-share basis, the Atlanta-based company said it had net income of $1.67.
Two Creeks Capital Management Lp holds 13.17% of its portfolio in Home Depot Inc for 1.55 million shares. If you are reading this article on another site, it was illegally copied and republished in violation of U.S. and global copyright and trademark law. If you are reading this piece of content on another publication, it was illegally stolen and reposted in violation of USA and worldwide trademark & copyright legislation.
A number of other analysts have also recently weighed in on HD. The stock of Home Depot Inc (NYSE:HD) earned "Outperform" rating by Telsey Advisory Group on Monday, December 7. Finally, Royal Bank of Canada set a $166.00 price target on Home Depot and gave the stock a "buy" rating in a report on Monday. Analysts have a mean recommendation of 1.90 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). The stock now has an average rating of "Buy" and a consensus price target of $154.58.
The biggest institutional shareholders in Home Depot, Inc. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot Inc. had 49 analyst reports since August 19, 2015 according to SRatingsIntel.