The Home Depot (HD) Reports Q1 2018 Results

Posted May 16, 2018

Japan's Nikkei 225 Index dipped by 0.2%, while Hong Kong's Hang Seng Index slumped by 1.2%. 51 investors sold all, 662 reduced holdings as HD ratio dropped. 501 grew stakes while 164 funds took stakes. 788.59 million shares or 0.96% less from 796.24 million shares in 2017Q3 were reported. Ford Financial Group Inc. bought a new position in shares of The Home Depot during the fourth quarter worth approximately $108,000. (NYSE:HD) for 1,340 shs.

Several other big-box retailers' shares have not performed as well. The Home Depot has a one year low of $185.20 and a one year high of $191.00.

Shares of the No. 1 USA home improvement chain, which have risen about 22 percent in the past 12 months, fell 2.4 percent to $186.54 in premarket trading on Tuesday. On Tuesday, November 28 Atlantic Securities upgraded the shares of HD in report to "Overweight" rating.

This explanation far from new for Home Depot.

Home Depot reported adjusted earnings per share of $2.08 for the first quarter of fiscal 2018. (NYSE:HD) for 60,312 shs. More interesting news about The Home Depot, Inc. (NYSE:HD). Ing Groep Nv has invested 0.63% in The Home Depot, Inc. Corporate insiders own 0.25% of the company's stock. (NYSE:HD) has risen 18.94% since May 15, 2017 and is uptrending. Ashfield Prtn Lc holds 73,201 shs or 1.78% of its capital.

The Home Depot, Inc. (NYSE:HD). D E Shaw & Inc reported 71,901 shs stake. On Friday, December 22 Stifel Nicolaus maintained The Home Depot, Inc.

HD registered $36.57 million net activity with 2 insider buys and 5 insider sales since December 7, 2017.

For more The Home Depot, Inc. On Wednesday, February 21 Menear Craig A sold $20.89M worth of The Home Depot, Inc.

In other news, EVP Edward P. Decker sold 17,660 shares of the firm's stock in a transaction that occurred on Tuesday, February 27th. The Home Depot had a net margin of 8.55% and a return on equity of 306.73%. (NYSE:HD) was sold by Carey Matt. Campbell Ann Marie sold $7.02 million worth of The Home Depot, Inc. (NYSE:HD) earned "Outperform" rating by Credit Suisse. Denali Advisors LLC acquired a new position in The Home Depot in the 4th quarter worth about $133,000. The company's stock sank 7.15% while Eaton Vance Management bought 494,044 shares.

Nomura Asset Management Company Ltd, which manages about $32.64 billion and $8.64 billion US Long portfolio, upped its stake in Apple Inc (NASDAQ:AAPL) by 130,666 shares to 1.59M shares, valued at $268.66M in 2017Q4, according to the filing.

Institutional investors and hedge funds have recently bought and sold shares of the company. HD touched $190.31 during the last trading session after $3.15 change.The Home Depot, Inc. has 5.36M shares volume, 6.08% up from normal. It has outperformed by 7.39% the S&P500.

Tower Research Capital Llc Trc reduced its stake in Spdr S&P Midcap 400 Etf Tr (MDY) by 9,863 shares to 100 shares, valued at $35,000 in 2017Q4, according to the filing.

As of January 2018, it operated a total of 2,284 stores that included 1,980 in the US including the territories of Guam, US Virgin Islands, and the Commonwealth of Puerto Rico; 122 in Mexico; and 182 in Canada.

For more The Home Depot, Inc. The stock has a market cap of $222.23 billion, a PE ratio of 25.27, a PEG ratio of 1.53 and a beta of 1.14. Be in 10 Years?" with a publish date: "May 06, 2018, "How Home Depot Inc Is Winning With Millennials" and the last "Game Plan For The Week - Cramer's Mad Money (5/11/18)" with publication date: "May 14, 2018.

Among 20 analysts covering CIT Group (NYSE:CIT), 8 have Buy rating, 0 Sell and 12 Hold. Therefore 80% are positive. About 7.04M shares traded or 39.27% up from the average. The stock of The Home Depot, Inc. On Thursday, November 30 the stock rating was maintained by Robert W. Baird with "Buy". UBS maintained it with "Buy" rating and $212.0 target in Friday, January 26 report.

Home-improvement retailers are also subject to concerns that rising US interest rates could slow the growth of the housing market, said Greg Melich, an analyst at MoffettNathanson in NY. Citigroup maintained The Home Depot, Inc. (NYSE:HD) has "Buy" rating given by BMO Capital Markets.

Still, the company maintained its forecast for 2018 sales and earnings.