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techkenyot.com June 25, 2018


Home Depot posts rare sales miss as delayed spring hits demand

16 May 2018, 01:52 | Hattie Nash

Home Depot posts rare sales miss as delayed spring hits demand

Home Depot posts rare sales miss as delayed spring hits demand

Home Depot checked in with $24.95 billion and 4.2 percent respectively. Relative Volume (or RVOL) is a volume indicator, meaning it assists measure shareholder interest in a stock. Wells Fargo's price objective suggests a potential upside of 7.28% from the company's current price.

HD has been the topic of several research reports.

The miss was the first in seven quarters for the top USA home improvement chain, which has in recent years largely bucked the trend of big-box stores losing shoppers to online retailers including Amazon.com Inc. Home Depot fell 2 percent in midday trading. Credit Suisse Group raised their target price on The Home Depot from $183.00 to $222.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 24th.

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Tesla Inc (NASDAQ:TSLA) stock is down 2.6% ahead of the bell, after Morgan Stanley cut its price target o $291 from $376, as well as itsshort- and long-term auto margin forecasts. Furthermore, the 50-day simple moving average is projected at 5.17%, and the 200-day simple moving average is also estimated at 8.12%. Johnson Inv Counsel has 0.15% invested in The Home Depot, Inc. The company has a current ratio of 1.17, a quick ratio of 0.38 and a debt-to-equity ratio of 16.69. The third largest holder is Capital World Investors, which now holds $11.93 billion worth of this stock and that ownership represents almost 5.38% of its market capitalization.

The Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, February 20th. Consensus estimates called for $2.06 in EPS and revenues of $25.22 billion.

Investors were also concerned that its first quarter same-store sales grew 4.2%, over 1% below analysts' expectations, the first time in seven quarters that comparable sales disappointed. During the same quarter in the prior year, the company earned $1.44 EPS. (NYSE:HD) shares with value of $7.58 million were sold by Carey Matt. Shares for $3.00M were bought by BRENNEMAN GREGORY D. The insider CODINA ARMANDO M bought $1.19 million. The shares were purchased at an average price of $178.29 per share, for a total transaction of $3,000,085.83. The institutional investor held 368,657 shares of the consumer services company at the end of 2017Q4, valued at $69.87M, down from 393,881 at the end of the previous reported quarter. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. CEO Craig Menear offered up some insight into the numbers. Following the acquisition, the director now directly owns 46,332 shares in the company, valued at $8,260,532.28. Insiders sold 169,027 shares of company stock worth $31,220,882 in the last 90 days. The S&P 500 declined 0.9 percent as utilities and real estate stocks lagged. Institutional investors and hedge funds own 70.85% of the company's stock. Jennison Associates LLC increased its position in The Home Depot by 65.4% in the fourth quarter.

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Home Depot reported adjusted earnings per share of $2.08 for the first quarter of fiscal 2018.

Everence Capital Management Inc decreased Estee Lauder Cl A Ord (NYSE:EL) stake by 5,310 shares to 4,590 valued at $584,000 in 2017Q4. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer's stock worth $108,000 after purchasing an additional 101 shares during the period. (HD) is one of the largest in Services and Home Improvement Stores. "Some of these will be recaptured, possibly helping the next quarter, but many more impulse driven buys are likely to have been lost", writes Neil Saunders, Managing Director of GlobalData Retail, in his comment on the results.

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