Published: Thu, November 16, 2017
Hi-Tech | By Ellis Neal

Almost $300M Spent At Home Depot During Hurricane Season

Almost $300M Spent At Home Depot During Hurricane Season

Other equities analysts also recently issued research reports about the company.

The same media also reported that 20 out of 31 surveyed investment analysts had rated Home Depot's stock as "Buy", while 8 - as "Hold". The firm has "Outperform" rating given on Monday, October 12 by Barrington Research.

Scotia Capital Inc, which manages about $5.93B US Long portfolio, decreased its stake in Express Scripts Hldg Co (NASDAQ:ESRX) by 12,948 shares to 9,079 shares, valued at $580,000 in 2017Q2, according to the filing. The firm has "Buy" rating given on Tuesday, August 15 by Robert W. Baird. The value of the company's investment in Home Depot went from $341,051,000 to $334,295,000 a change of 2.0% quarter over quarter. (The) from a "hold" rating to a "buy" rating and set a $164.18 price target for the company in a research report on Thursday, July 20th. As Home Depot's sales per square foot also grew almost 8% year over year, and customer transactions increased by 2.5 percent. The company now has a consensus rating of "Buy" and an average target price of $175.30. (The) from a sell rating to a hold rating in a research note on Friday, August 11th. The stock of Home Depot Inc (NYSE:HD) has "Buy" rating given on Friday, May 13 by Jefferies. The Georgia-based Cacti Asset Management Lc has invested 0% in Home Depot Inc (NYSE:HD). (NYSE:HD) traded up $2.71 during trading on Tuesday, reaching $168.06. Finance Prtnrs Capital Mgmt Ltd Limited Liability Company accumulated 1,777 shares. Home Depot, Inc. has a 52 week low of $122.92 and a 52 week high of $168.14. The firm has a market capitalization of $194,917.56, a price-to-earnings ratio of 23.76, a price-to-earnings-growth ratio of 1.66 and a beta of 1.08. The company has a debt-to-equity ratio of 6.87, a current ratio of 1.30 and a quick ratio of 0.48. Cornerstone Cap holds 1.35% of its portfolio in Home Depot Inc (NYSE:HD) for 46,204 shares. The home improvement retailer reported $1.84 EPS for the quarter, beating analysts' consensus estimates of $1.81 by $0.03. The return on assets stands at 18.8%, Return on Equity now is 192.3% and the Return on Investment value is 31.8%.

On a similar note, analysts expect EPS of $1.81 in October 2017 quarter and $1.59 in January 2018 quarter, representing 13.13% and 10.42% growth, respectively. During the same quarter previous year, the business earned $1.60 earnings per share. If you are reading this story on another website, it was illegally stolen and republished in violation of USA and worldwide copyright & trademark legislation. The legal version of this piece can be viewed at https://www.dispatchtribunal.com/2017/11/15/home-depot-inc-the-hd-given-a-178-00-price-target-at-oppenheimer-holdings-inc.html.

In related news, EVP Teresa Wynn Roseborough sold 15,000 shares of Home Depot, Inc. Also, EVP Matt Carey sold 32,000 shares of the stock in a transaction that occurred on Thursday, September 7th. $159.25's average target is -4.93% below currents $167.5 stock price. Following the completion of the transaction, the executive vice president now directly owns 62,483 shares in the company, valued at approximately $9,816,079.30. The disclosure for this sale can be found here. Institutional investors and hedge funds own 71.36% of the company's stock.

Nearly $300M Spent At Home Depot During Hurricane Season
Home Depot (NYSE:HD) target bumped up to $186.00, released a research note earlier today by RBC Capital

Zacks Investment Management increased Home Depot Inc (HD) stake by 0.96% reported in 2017Q2 SEC filing. (The) by 16.4% in the second quarter.

About Home Depot, Inc. (The) by 114.1% in the first quarter. The portion of a company's profit allocated to each outstanding share of common stock was $2.11 a share in the trailing twelve months. Aqr Capital Mngmt Ltd Liability has invested 0% of its portfolio in Anika Therapeutics Inc (NASDAQ:ANIK). Major department stores like Macy's and J.C. Penney that reported third-quarter results last week said that the storms had hurt their sales. Pineno Levin & Ford Asset Management Inc. now owns 2,725 shares of the home improvement retailer's stock worth $400,000 after acquiring an additional 9 shares during the period.

Shares of Home Depot, Inc. (The) by 63.4% in the third quarter.

"The devastation caused by hurricanes and wildfires has been anything but a disaster for Home Depot, with the rebuilding efforts pushing already strong sales growth even higher", writes Neil Saunders, the managing director of GlobalData Retail. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serve three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

Like this: