The Home Depot (HD) Gains Outperform Rating from Analysts at Wells Fargo

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"This is indicative of a stock in an uptrend", he said. Wells Fargo's price objective suggests a potential upside of 7.28% from the company's current price. (NYSE:HD), with 19 analysts believing it is a strong buy.

Nomura Asset Management Company Ltd decreased its stake in Home Depot Inc (HD) by 6.4% based on its latest 2017Q4 regulatory filing with the SEC. The Everence Capital Management Inc holds 28,921 shares with $5.48 million value, up from 27,153 last quarter. Telsey Advisory Group reissued an "outperform" rating and issued a $220.00 target price (up from $190.00) on shares of The Home Depot in a research report on Friday, January 19th.

Today will feature the National Association of Home Builders (NAHB) housing market index, Treasury International Capital data, and business inventories. Stifel Nicolaus upped their target price on The Home Depot from $209.00 to $230.00 and gave the company a "buy" rating in a research report on Thursday, January 25th. Finally, Zacks Investment Research raised The Home Depot from a "hold" rating to a "buy" rating and set a $205.00 price objective on the stock in a research report on Tuesday, February 6th. The average 12 month price objective among brokerages that have issued ratings on the stock in the a year ago is $195.04. Pinnacle Wealth Planning Services Inc. bought a new position in shares of The Home Depot during the fourth quarter worth approximately $112,000. The company exchanged hands with 4144369 shares contrast to its average daily volume of 11.14M shares. Home Depot has $230.0 highest and $170.0 lowest target. Its EPS was $0.14 while outstanding shares of the company were 1.43B. The third largest holder is Capital World Investors, which now holds $11.93 billion worth of this stock and that ownership represents almost 5.38% of its market capitalization. (NYSE:HD). Moreover, First Advisors Lp has 0.14% invested in The Home Depot, Inc.

Revenue and comparable-store sales at the world's largest home-improvement retailer missed analysts' estimates, although profit beat projections for the 16th-straight quarter. The Home Depot had a return on equity of 306.73% and a net margin of 8.55%. The business had revenue of $24.95 billion during the quarter, compared to analysts' expectations of $25.17 billion. Company's EPS for the prior five-years is valued at -59%, leading it to an EPS value of 10.59% for the next five years.

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Atlanta, Georgia, May 15, 2018-The Home Depot reported a sales increase of 4.4% for Q1 2018, compared to Q1 2017. Its stock is also "moving above $180". The stock was purchased at an average cost of $178.29 per share, for a total transaction of $3,000,085.83. Hedge funds and other institutional investors own 70.73% of the company's stock. Also, CEO Craig A. Menear sold 113,687 shares of the firm's stock in a transaction that occurred on Wednesday, February 21st. Following the acquisition, the director now directly owns 46,332 shares in the company, valued at $8,260,532.28. The disclosure for this sale can be found here. It is the second-best Dow performer over the past 30 days. Corporate insiders own 0.25% of the company's stock. HM Payson & Co. lifted its holdings in The Home Depot by 88.2% during the 3rd quarter. Capital International Investors now owns 3,268,036 shares of the home improvement retailer's stock worth $534,520,000 after buying an additional 1,862,134 shares during the last quarter. Trillium Asset Management LLC lifted its holdings in The Home Depot by 4.4% during the 4th quarter. Operating income rose year over year by 1% to $3.38 billion.

The Home Depot, Inc operates as a home improvement retailer.

Many shoppers tend to buy gardening supplies to start home renovations in spring thus making it an important season for home improvement chain stores. Finally, Dorsey & Whitney Trust CO LLC lifted its holdings in The Home Depot by 7.6% during the 3rd quarter.