Home Depot feels the wind at its back in third quarter

The logo of Down Jones Industrial Average stock market index listed company Home Depot is seen in Encinitas California

The logo of Down Jones Industrial Average stock market index listed company Home Depot is seen in Encinitas California

They set a sector weight rating on the stock.

It remains hard to quantify the effect of the US housing market on Home Depot and its rival, Lowe's Inc., which reports earnings next week. SEB Equity Research maintained the shares of HD in report on Tuesday, August 25 with "Sell" rating.

BlackRock Group LTD decreased its position in The Home Depot Inc. (The) and gave the company a "buy" rating in a research report on Friday, October 13th. Arcadia Inv Corporation Mi owns 0.84% invested in Home Depot Inc (NYSE:HD) for 17,280 shares.

Construction of new homes fell 4.7 percent in September, the biggest decline in six months, reflecting weakness in both single-family activity and apartment building. Cantor Fitzgerald has "Hold" rating and $106 target. Cypress Mngmt Limited Liability Company invested in 57,406 shares or 2.1% of the stock.

On October 30, 2017 Royal Bank Of Canada updated guidance on HD and giving a rating of "Buy" and price target of $179.00.

The Home Depot Inc. has a 12-month low of $109.62 and a 12-month high of $139.00. The stock rose 0.09% or $0.15 reaching $165.5 per share. About 3,748 shares traded.

The company estimates that hurricane-related sales positively impacted comparable store sales growth by approximately $282 million in the fiscal third quarter. The stock has a market capitalization of $148.49 billion, a P/E ratio of 20.34 and a beta of 1.05.

Home improvement giant and component of the Dow Jones Industrial Average The Home Depot, Inc. For the last period, the company reported quarter over quarter EPS growth of 14.20% and quarter over quarter sales growth of 6.20%. During the same period in the prior year, the firm posted $1.97 EPS. The home improvement company was previously expecting comparable-store sales to grow by about 5.5% and earnings per share-taking into account $7 billion worth of buybacks - to be up 13% to $7.29. "(The) (HD)" was published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this news story on another domain, it was copied illegally and republished in violation of United States & global copyright legislation. Zacks Investment Research cut shares of The Home Depot from a "hold" rating to a "sell" rating in a report on Thursday. Shares for $4.57M were sold by Roseborough Teresa Wynn. The stock was sold at an average price of $152.40, for a total value of $1,633,270.80. Swarthmore Group Inc sold 31,975 shares as the company's stock rose 8.67% with the market. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Analysts have a consensus forecast for fourth-quarter EPS of $1.60 on sales of $23.43 billion. It improved, as 38 investors sold HD shares while 632 reduced holdings. The disclosure for this sale can be found here. Wedbush Securities Inc. now owns 25,885 shares of the home improvement retailer's stock valued at $3,971,000 after acquiring an additional 3,041 shares during the last quarter. Insiders own 0.26% of the company's stock.

Several large investors have recently added to or reduced their stakes in the company.

More notable recent Home Depot Inc (NYSE:HD) news were published by: Bloomberg.com which released: "Lowe's to Sell Craftsman Tools, Gaining Edge Over Home Depot" on October 24, 2017, also Seekingalpha.com with their article: "You Can't Afford Not To Own Home Depot" published on October 19, 2017, Seekingalpha.com published: "Home Depot: I See Another Beat On The Horizon" on November 08, 2017. (The) by 0.9% during the second quarter.

American International Group Inc, which manages about $28.04B US Long portfolio, decreased its stake in Clorox Company (NYSE:CLX) by 95,230 shares to 59,450 shares, valued at $7.92 million in 2017Q2, according to the filing. (The) by 12.4% during the first quarter. Capital World Investors is the second biggest holder with 78 million shares now valued at 12.03 B million whilst State Street Corp has 54 million shares valued at 8.32 B million. 440 Investment Group LLC boosted its holdings in Home Depot, Inc. The firm owned 18,534 shares of the home improvement retailer's stock after selling 768 shares during the period. Northern Trust Corp increased its position in Home Depot, Inc. (The) by 4.5% in the 1st quarter.

The Home Depot, Inc (The Home Depot) is a home improvement retailer. It also increased its holding in Metlife Inc (Call) (NYSE:MET) by 807,000 shares in the quarter, for a total of 3.81 million shares, and has risen its stake in Textron Inc (Call) (NYSE:TXT).

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