Home Depot Takes Lumps from Poor Sales

Home Depot Takes Lumps from Poor Sales

The Home Depot, Inc.

Several other hedge funds have also added to or reduced their stakes in HD. Jacobi Capital Management LLC boosted its holdings in The Home Depot by 16.4% during the 2nd quarter. The Everence Capital Management Inc holds 28,921 shares with $5.48 million value, up from 27,153 last quarter. HM Payson & Co. increased its stake in The Home Depot by 88.2% during the third quarter. The stock's price to sales ratio for trailing twelve months is 3.14 and price to book ratio for the most recent quarter is 26.20, whereas price to cash per share for the most recent quarter are 7.38. The stock of The Home Depot, Inc. Dimensional Fund Advisors LP increased its stake in The Home Depot by 0.3% during the third quarter. Trillium Asset Management LLC now owns 125,461 shares of the home improvement retailer's stock worth $23,778,000 after acquiring an additional 5,328 shares during the last quarter. 4,506,717 shares of the company were exchanged, compared to its average volume of 5,082,929. The company's distance from 52-week high price is -18.24% and the current price is 285.07% away from 52-week low price. Operating income rose year over year by 1% to $3.38 billion. Its quick ratio for the most recent quarter is 1.50.

Pointing to unfavorable weather has been the go-to excuse for countless retailers, particularly department stores and apparel chains, in the last few years and it's an excuse Home Depot has rarely trotted out.

Home Depot shares dipped on Tuesday after the retailer reported a quarterly revenue shortfall that it attributed to a slow start to the key spring selling season. The company had revenue of $24.95 billion for the quarter, compared to the consensus estimate of $25.17 billion. The Home Depot had a return on equity of 306.73% and a net margin of 8.55%.

The EPS of ATVI is strolling at 1.28, measuring its EPS growth this year at -7%.

Eli Manning, Giants memorabilia fraud lawsuit settled
They claim they will provide evidence that Manning and the Giants' equipment staff have been defrauding collectors for years. It centers around two helmets that were allegedly passed off as "game-used" without actually being used in games.

Net earnings rose to $2.40 billion or $2.08 per share in the first quarter, from $2.01 billion or $1.67 per share a year earlier.

In other The Home Depot news, Director Armando M. Codina purchased 6,650 shares of the firm's stock in a transaction dated Friday, March 2nd. This figure is launch by taking the postscript price and multiplying it by the total number of shares outstanding. Following the completion of the transaction, the executive vice president now owns 73,815 shares of the company's stock, valued at $13,827,025.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The stock grabbed 180 new institutional investments totaling 4,052,335 shares while 98 institutional investors sold out their entire positions totaling 4,137,535 shares. The stock was sold at an average price of $187.32, for a total transaction of $3,308,071.20.

Nomura Asset Management Company Ltd, which manages about $32.64B and $8.64 billion US Long portfolio, upped its stake in Jbg Smith Pptys by 144,275 shares to 201,586 shares, valued at $7.00M in 2017Q4, according to the filing. The disclosure for this sale can be found here. Over the last three months, insiders sold 169,027 shares of company stock worth $31,220,882.

Analyst's mean target price for the company is $76.15 while analysts mean suggestion is 2. Finally, Loop Capital began coverage on The Home Depot in a research note on Thursday, March 1st. Stifel Nicolaus raised their price objective on The Home Depot from $209.00 to $230.00 and gave the company a "buy" rating in a research note on Thursday, January 25th. Oppenheimer reiterated a buy rating on shares of The Home Depot in a research note on Tuesday, December 26th. That would be in line with Home Depot's results in the 12 months that ended in January. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company's stock. In response, Jefferies upgraded the stock to "hold", and issued a price-target hike to $22.

Related Articles