November 24, 2016 - By Richard Conner
The EVP – Merchandising of Home Depot Inc, Edward Decker is in the stock market news today. It was exposed in a public report filled by Edward Decker and submitted to the Washington-based SEC on 23/11/2016, he unloaded 20,000 shares from the firm having a value near $2,616,000 USD. The mentioned shares average price was $130.8. The chances that the transaction stays ignored are nil on account of the enormous amount of cash involved. Currently, Edward Decker owns 43,878 shares which make up about 0.00% of Home Depot Inc’s market cap.
Out of 21 analysts covering The Home Depot Inc. (NYSE:HD), 14 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 67% are positive. $156 is the highest target while $106 is the lowest. The $141.29 average target is 7.75% above today’s ($131.13) stock price. The Home Depot Inc. has been the topic of 44 analyst reports since August 19, 2015 according to StockzIntelligence Inc. On Tuesday, May 24 the stock rating was initiated by Topeka Capital Markets with “Buy”. The stock of Home Depot Inc (NYSE:HD) has “Neutral” rating given on Monday, October 31 by PiperJaffray. The firm has “Buy” rating by Deutsche Bank given on Monday, January 25. The firm has “Buy” rating by Vetr given on Wednesday, August 19. Vetr downgraded Home Depot Inc (NYSE:HD) rating on Saturday, August 29. Vetr has “Buy” rating and $121.59 price target. The company was maintained on Wednesday, November 18 by UBS. The rating was maintained by Argus Research with “Buy” on Wednesday, November 18. The rating was maintained by RBC Capital Markets on Wednesday, November 16 with “Outperform”. The firm earned “Outperform” rating on Monday, December 7 by Telsey Advisory Group. The company was upgraded on Thursday, June 23 by Nomura.
Insitutional Activity: The institutional sentiment decreased to 0.85 in 2016 Q2. Its down 0.07, from 0.92 in 2016Q1. The ratio is negative, as 63 funds sold all Home Depot Inc shares owned while 638 reduced positions. 103 funds bought stakes while 543 increased positions. They now own 870.00 million shares or 6.34% less from 928.89 million shares in 2016Q1.
Tradewinds Cap Mgmt Limited Liability Com holds 0.79% of its portfolio in Home Depot Inc (NYSE:HD) for 8,645 shares. Moreover, Lombard Odier Asset Management (Europe) Limited has 0.11% invested in Home Depot Inc (NYSE:HD) for 16,505 shares. Advsrs Asset Mgmt, a Colorado-based fund reported 223,040 shares. Macguire Cheswick And Tuttle Counsel Lc has 124,275 shares for 3.53% of their US portfolio. Hyman Charles D accumulated 31,268 shares or 0.6% of the stock. Rothschild Asset Management last reported 0.78% of its portfolio in the stock. Paloma Prns Mngmt Co has 98,784 shares for 0.14% of their US portfolio. Burnham Asset Corp Ny has 56,232 shares for 2% of their US portfolio. Moreover, Grantham Mayo Van Otterloo Ltd Llc has 1.17% invested in Home Depot Inc (NYSE:HD) for 2.23M shares. Argentus Capital Mgmt Ltd Liability owns 1,369 shares or 0.07% of their US portfolio. Cullen Frost Bankers last reported 1.32% of its portfolio in the stock. Ims Management holds 1.19% or 7,938 shares in its portfolio. Moreover, High Point State Bank And has 0.12% invested in Home Depot Inc (NYSE:HD) for 3,596 shares. Ubs Oconnor Ltd Liability Company holds 0% or 142,500 shares in its portfolio. Pathstone Family Office Ltd Llc last reported 0.16% of its portfolio in the stock.
Insider Transactions: Since May 31, 2016, the stock had 2 insider buys, and 8 selling transactions for $30.32 million net activity. Shares for $2.62 million were sold by Decker Edward P. on Tuesday, November 22. 11,671 Home Depot Inc (NYSE:HD) shares with value of $1.59 million were sold by Roseborough Teresa Wynn. $46,386 worth of Home Depot Inc (NYSE:HD) shares were bought by Hewett Wayne M. $13.21 million worth of Home Depot Inc (NYSE:HD) was sold by TOME CAROL B. BOYD JEFFERY H also bought $1.28M worth of Home Depot Inc (NYSE:HD) shares. Another trade for 49,392 shares valued at $6.67 million was made by Crow Timothy M on Thursday, August 18. $4.00M worth of shares were sold by Carey Matt on Wednesday, August 17.
About 3.61M shares traded hands. Home Depot Inc (NYSE:HD) has declined 2.69% since April 21, 2016 and is downtrending. It has underperformed by 8.02% the S&P500.
The Home Depot, Inc. is a home improvement retailer. The company has a market cap of $165.61 billion. The Firm sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. It has a 21.24 P/E ratio. The Home Depot stores serve three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) clients and professional customers.
According to Zacks Investment Research, “Home Depot is the one of world’s largest home improvement retailer. The company offers a level of service unprecedented among warehouse-style retailers. Home Depot stores cater to do-it-yourselfers, as well as home improvement, construction and building maintenance professionals. The Home Depot currently operates in the USA, Canada, Chile, Puerto Rico, and Argentina. The company also operates EXPO Design Centers across the U.S. and Villager’s Hardware in New Jersey.”
Analysts await Home Depot Inc (NYSE:HD) to report earnings on February, 28. They expect $1.32 EPS, up 12.82% or $0.15 from last year’s $1.17 per share. HD’s profit will be $1.67B for 24.84 P/E if the $1.32 EPS becomes a reality. After $1.60 actual EPS reported by Home Depot Inc for the previous quarter, Wall Street now forecasts -17.50% negative EPS growth.
More notable recent Home Depot Inc (NYSE:HD) news were published by: Fool.com which released: “9 Key Numbers From Home Depot Inc.’s Third Quarter” on November 22, 2016, also Wsj.com with their article: “Venezuela’s Nemesis Is a Hardware Salesman at a Home Depot in Alabama” published on November 20, 2016, Nasdaq.com published: “Better Dividend Stock: Home Depot Inc. vs. Lowe’s” on November 18, 2016. More interesting news about Home Depot Inc (NYSE:HD) were released by: Wsj.com and their article: “Home Depot Sales and Revenue Rise as Customers Spend More Per Transaction” published on November 15, 2016 as well as Foxbusiness.com‘s news article titled: “3 Things to Watch in Home Depot Inc’s Earnings” with publication date: November 10, 2016.
The Home Depot, Inc. (The Home Depot), incorporated on June 29, 1978, is a home improvement retailer. The Firm sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores average approximately 104,000 square feet of enclosed space, with over 24,000 additional square feet of outside garden area. The Home Depot stores serve three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) clients and professional customers. The Firm has approximately 2,270 stores located throughout the United States, including the Commonwealth of Puerto Rico and the territories of the United States Virgin Islands and Guam, Canada and Mexico.
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