Storm Relief Yields Sales Momentum for Home Depot

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A number of other research analysts also recently commented on the stock. Finally, BMO Capital Markets reissued an "outperform" rating on shares of Home Depot, Inc. (The) in a research note on Monday, July 24th. KeyCorp updated coverage of HD by announcing an initial rating of "Sector Weight".

Centre Asset Management Llc decreased Home Depot Inc (HD) stake by 7.17% reported in 2017Q2 SEC filing. Citigroup Inc. reiterated a "buy" rating and set a $179.00 price objective on shares of Home Depot, Inc.

The current ratio for The Home Depot, Inc. Telsey Advisory Group maintained the stock with "Outperform" rating in Monday, December 7 report. Meag Munich Ergo Kapitalanlagegesellschaft Mbh owns 0.96% invested in Home Depot Inc (NYSE:HD) for 142,707 shares. Atlantic Securities downgraded Home Depot Inc (NYSE:HD) on Thursday, May 11 to "Neutral" rating. Credit Suisse Group released research on HD stating a rating of "Buy" and projecting a price target of $171.00. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock now has a consensus rating of Buy and a consensus target price of $173.18. Jackson Grant Investment Advisers Inc. boosted its stake in The Home Depot by 0.5% in the second quarter. (HD) traded up $0.84 during midday trading on Wednesday, reaching $164.11. Clifford Swan Invest Counsel Ltd Limited Liability Company invested in 52,811 shares or 0.51% of the stock. The company has a quick ratio of 0.48, a current ratio of 1.30 and a debt-to-equity ratio of 6.87. The firm has a market cap of $193,455.83, a PE ratio of 23.58, a PEG ratio of 1.65 and a beta of 1.08.

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Home Depot's quarterly same-store sales blew past analysts' estimates again, as the home improvement retailer saw customer transactions increase, and shoppers on average have been spending more across its stores. Analysts are forecasting earnings of $1.82 on a per share basis this quarter.

Net sales rose 8 percent to $25.03 billion, helped by a 5 percent jump in average ticket and as customer transactions rose 2.5 percent. They do not reflect on the certified policy or position of any business stakeholders, financial specialists, or economic analysts.

WARNING: This piece was originally published by TrueBlueTribune and is owned by of TrueBlueTribune. If you are reading this piece on another site, it was stolen and reposted in violation of global copyright legislation. Finally, Lee Financial Co raised its position in shares of Home Depot, Inc. The correct version of this piece can be read at https://www.truebluetribune.com/2017/11/13/cabot-wealth-management-inc-has-6-85-million-position-in-home-depot-inc-the-hd.html. (The) stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $150.39, for a total transaction of $2,255,850.00. Following the sale, the executive vice president now owns 33,147 shares of the company's stock, valued at approximately $4,984,977.33. Vetr upgraded shares of Home Depot, Inc. On Thursday, October 29 the stock rating was maintained by Wunderlich with "Hold". 5,113,496 shares of the stock were exchanged. These holdings make up 75.19% of the company's outstanding shares.

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Analysts expected earnings of $1.82 per share for the quarter on sales of $24.55 billion. Benin Corporation has invested 0.19% of its portfolio in Home Depot Inc (NYSE:HD). The stock of Home Depot Inc (NYSE:HD) earned "Hold" rating by Piper Jaffray on Friday, September 29. BB&T Corp now owns 95,905 shares of the home improvement retailer's stock worth $14,082,000 after acquiring an additional 11,750 shares in the last quarter.

Home Depot, Inc. has a 12 month low of $122.92 and a 12 month high of $167.94. Forward Ltd Liability Com invested in 0.08% or 5,946 shares. Capital World Investors is the second biggest holder with 78 million shares now valued at 12.03 B million whilst State Street Corp has 54 million shares valued at 8.32 B million.

Investors sentiment increased to 0.95 in 2017 Q2. Picton Mahoney Asset Mgmt holds 91,850 shares or 1% of its portfolio. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) clients and professional customers. The Moors & Cabot Inc holds 15,355 shares with $2.36M value, down from 25,256 last quarter. Oppenheimer Holdings, Inc. set a $178.00 price target on Home Depot, Inc. Carey Matt sold $2.30M worth of stock or 14,680 shares.

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The home improvement retailer has also raised its full-year profit outlook and is predicting to earn $7.36 a share, up from its previous forecast of $7.29 per share.

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