Why Home Depot Got Hammered After Earnings

Eileen GuzmanMay 16, 2018

788.59 million shares or 0.96% less from 796.24 million shares in 2017Q3 were reported. Pictet And Cie (Europe) Sa has invested 0.96% in The Home Depot, Inc. (NYSE:HD) for 1.48 million shares. Keeler Thomas Management LLC bought a new stake in The Home Depot in the fourth quarter worth approximately $150,000. (NYSE:HD). Private Ocean Ltd reported 882 shares. Kcm Invest Advsr Ltd Liability Com holds 1.3% in The Home Depot, Inc. After this sale, 56,155 common shares of HD are directly owned by the insider, with total stake valued at $10,730,097.

HD traded up $0.77 during midday trading on Monday, reaching $191.08. Arrowstreet Capital Limited Partnership now owns 4,059,019 shares of the home improvement retailer's stock worth $769,306,000 after buying an additional 1,279,244 shares during the last quarter. The home improvement retailer reported $2.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.05 by $0.03. (NYSE:HD) for 8,326 shares. New Jersey-based Prudential Fincl has invested 0.44% in The Home Depot, Inc. The Home Depot accounts for about 0.8% of Rhumbline Advisers' portfolio, making the stock its 17th biggest position. (NYSE:HD). Milestone Grp Incorporated Inc owns 0.07% invested in The Home Depot, Inc. (NYSE:HD) for 2,388 shs. 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. 37,680 The Home Depot, Inc.

In addition, Home Depot provides equipment and tool rental services.

HD registered $36.57 million net activity with 2 insider buys and 5 insider sales since December 7, 2017. Menear Craig A sold $20.89 million worth of The Home Depot, Inc. (NYSE:HD) rating on Thursday, November 16. (NYSE:HD) was bought by BRENNEMAN GREGORY D on Wednesday, March 21. (NYSE:HD) earned "Outperform" rating by Credit Suisse.

In 2017Q4 SEC form is reported Tower Research Capital Llc Trc's stake in Home Depot Inc (HD) which was rose by 2157.05%. Following the transaction, the director now directly owns 46,332 shares in the company, valued at approximately $8,260,532.28. The consumer services company at the end of 2017Q4 was priced at $5.95 million.

Institutional investors and hedge funds have recently bought and sold shares of the company. $219.37 billion is the market cap of Home Depot Inc. Empire Life Investments Inc. now owns 957 shares of the home improvement retailer's stock worth $157,000 after purchasing an additional 670 shares during the last quarter. HD is uptrending and has moved 18.94% since May 15, 2017. The Dow rose 68.24 points or 0.3% to 24,889.41, the Nasdaq inched up 8.43 points or 0.1% at 7,411.32 and the S&P 500 crept up 2.41 points or 0.1% to 2,730.13. (NYSE:CIT). Nordea Investment Mngmt owns 136,148 shares or 0.02% of their United States portfolio. Tower Research Capital Llc Trc has cut its stake in Powershares Qqq Trust (QQQ) and also reduced its holding in Ishares Tr (IWS) by 44,626 shares in the quarter, for a total of 174 shares. On Wednesday, February 21 Wedbush maintained The Home Depot, Inc. (NYSE:HD) news released recently go to: Fool.com, Seekingalpha.com, Seekingalpha.com, Seekingalpha.com or Seekingalpha.com. The firm has a market capitalization of $222.23 billion, a P/E ratio of 25.61, a price-to-earnings-growth 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. Finally, Zacks Investment Research lowered The Home Depot from a buy rating to a hold rating in a research note on Thursday, February 22nd. Therefore 80% are positive. The firm has $230.0 highest while $170.0 is the lowest PT. The recent change has given its price a 6.83% lead over SMA 50 and -7.96% deficit over its 52-week high.

"It's the season where contractors start getting busy", said Oliver Pursche, chief market strategist of Bruderman Asset Management in NY, which owns Home Depot shares. On Friday, January 26 the rating was maintained by UBS with "Buy". The stock rating was maintained by Telsey Advisory Group with "Outperform" on Monday, December 4. On Thursday, November 30 the rating was maintained by Robert W. Baird with "Buy".

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