Published: Tue, May 15, 2018
Finance | By Gustavo Carr

Home Depot's sluggish sales may be warning sign for housing

Home Depot's sluggish sales may be warning sign for housing

Chartist Incorporated Ca has 0.18% invested in The Home Depot, Inc.

The stock decreased 0.27% or $0.18 during the last trading session, reaching $65.28. It's up from 1,390 at the end of the previous reported quarter. Institutional investors and hedge funds own 70.85% of the company's stock. Employees Retirement Sys Of Texas has invested 0.68% of its portfolio in The Home Depot, Inc. (NYSE:HD) for 2,388 shs. (NASDAQ: STKS) is expected to post quarterly earnings at $0.02 per share on revenue of $18.70 million. It also reduced Chubb Ord stake by 4,340 shares and now owns 18,877 shares. Kemnay Advisory Services Inc acquired 9,366 shares as Cit Group Inc (CIT)'s stock rose 2.13%.

Since December 7, 2017, it had 2 insider purchases, and 5 insider sales for $36.57 million activity. On Thursday, February 22 $7.02M worth of stock was sold by Campbell Ann Marie. Menear Craig A sold $20.89 million worth of The Home Depot, Inc. (NYSE:HD) for 60,312 shs. Insiders sold a total of 169,027 shares of company stock worth $31,220,882 in the last ninety days. On Friday, December 8 the insider Carey Matt sold $7.58M.

Of course other factors matter in terms the value of Home Depot stock.

In 2017Q4 SEC form is reported Tower Research Capital Llc Trc's stake in Home Depot Inc (HD) which was rose by 2157.05%.

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Home Depot cited "extreme winter weather" as something that hurt gardening supply sales. (NYSE:HD). Gamco Invsts Inc Et Al has 272,519 shs for 0.32% of their capital. Therefore 80% are positive. Jefferies Group restated a "buy" rating and issued a $223.00 price objective on shares of The Home Depot in a research report on Monday, February 5th. In a transaction dated February 27, 2018, the shares were put up for sale at an average price of $187.32, raking in a sum of $3,308,071. Home Depot stock is going to sink or swim mostly by how it makes investors feel on 4 specific fronts. Stifel Nicolaus lifted 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. Guggenheim maintained the shares of HD in report on Monday, February 26 with "Buy" rating.

That growth extends an already long an impressive streak, and the company hasn't missed a quarterly earnings estimate since Q3 of 2015. That would equate to revenue growth of 6 percent a year.

Shares of The Home Depot opened at $191.08 on Tuesday, MarketBeat reports. (NYSE:HD) earned "Buy" rating by Argus Research. (NYSE:HD) rating. Wedbush has "Hold" rating and $190.0 target. Finally, Zacks Investment Research upgraded shares of The Home Depot from a "hold" rating to a "buy" rating and set a $205.00 price objective for the company in a research report on Tuesday, February 6th. The rating was maintained by Robert W. Baird with "Buy" on Wednesday, January 10. The titles are as follows: "3 Things to Watch in the Stock Market This Week" posted on May 13, 2018, "Home Depot Building For The Long Haul" on April 21, 2018, "Where Will Home Depot Inc". APG Asset Management N.V. now owns 3,727,680 shares of the home improvement retailer's stock valued at $588,364,000 after acquiring an additional 1,485,500 shares in the last quarter. About 7.04M shares traded or 39.27% up from the average. It has outperformed by 7.39% the S&P500.

EVP, Merchandising, Decker Edward P., sold 17,660 common shares of The Home Depot, Inc. Executives also said Tuesday that the company should benefit from the strong USA economy and encouraging housing market.

Home Depot shoppers, particularly professional builders, are more likely to go to a store for plywood, lumber, concrete and other critical construction materials so they can actually see and touch them as opposed to simply buying them online from Amazon. It has a 20.6 P/E ratio. US comparable sales were up 5.6% in February, 5.9% in March, and 2.2% last month. On Wednesday, February 21 Wedbush maintained The Home Depot, Inc. (NYSE:CIT) news were published by: Globenewswire.com which released: "Recent Analysis Shows CIT Group, Republic Services, Etsy, Tiffany, Booz Allen Hamilton Holding, and EOG Resources ..." on May 09, 2018, also Prnewswire.com with their article: "CIT Declares Dividends" published on April 16, 2018, Prnewswire.com published: "FinTech Breakthrough Names CIT Point-Of-Sale Platform As "Best Small Business Lending Solution" In 2018" on May 07, 2018.

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