Home Depot Q1 Gains As Average Ticket Boosts Comps

Why Home Depot Got Hammered After Earnings

Why Home Depot Got Hammered After Earnings

At 10:35 a.m. EST, Charles Schwab Corporation (NYSE: SCHW) has grabbed attention from the analysts when it experienced a change of -0.25% to trade at $58.78. CNBC's Jim Cramer says the sell-off in Home Depot's stock is unwarranted and should be bought. 501 grew stakes while 164 funds took stakes. Amalgamated Bancorporation reported 155,773 shs or 0.8% of all its holdings.

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. Sandhill Partners Limited Liability Corp has 0.13% invested in The Home Depot, Inc. (NYSE:HD) has performed 1.59%. Lourd Limited Co reported 6,015 shs stake. Riggs Asset Managment Communications invested in 745 shares. Brighton Jones LLC's holdings in The Home Depot were worth $2,602,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

It is not common for Home Depot, the top U.S. home improvement retailer, to post downbeat results. Credit Suisse Group raised their price objective on The Home Depot from $183.00 to $222.00 and gave the company an "outperform" rating in a research note on Wednesday, January 24th. (NYSE:HD). Yorktown Mgmt & Communication holds 0.6% or 11,000 shares. Nuveen Asset Mngmt Llc owns 454,850 shares. 37,680 shs valued at $7.02 million were sold by Campbell Ann Marie on Thursday, February 22. 41,396 shares were sold by Carey Matt, worth $7.58M.

Home Depot Inc shares fell $5.33 (-2.79%) in premarket trading Tuesday.

The Home Depot, Inc. (NYSE:HD) was sold by Decker Edward P.

Net earnings for the first quarter of fiscal 2018 were $2.4 billion, or $2.08 per diluted share, compared with net earnings of $2.0 billion, or $1.67 per diluted share, in the same period of fiscal 2017. This key information was disclosed in a research report on 15 May. $7.58 million worth of The Home Depot, Inc. $216.67 billion is the market cap of Home Depot Inc. Therefore 71% are positive.

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Home Depot doesn't expect to be adversely affected by higher mortgage rates. The stock was sold at an average price of $183.79, for a total value of $20,894,533.73. Home Depot had 31 analyst reports since November 16, 2017 according to SRatingsIntel. The Home Depot, Inc. (NYSE:HD). Pinebridge Invs Lp invested in 121,045 shares. Robert W. Baird maintained The Home Depot, Inc. (NYSE:HD) on Wednesday, February 21.

Analyst's mean target price for the company is $76.15 while analysts mean suggestion is 2.

HD has been the topic of several other reports. The firm has "Buy" rating given on Wednesday, February 21 by Citigroup. The rating was maintained by Stifel Nicolaus on Wednesday, January 24 with "Buy". On Friday, December 15 the stock has "Buy" rating by BMO Capital Markets. The stock increased 0.40% or $0.77 during the last trading session, reaching $191.08. About 7.88 million shares traded or 56.02% up from the average. HD is uptrending and has moved 18.94% since May 15, 2017. It has outperformed by 7.39% the S&P500.

The Home Depot, Inc. operates as a home improvement retailer. Using market capitalization to show the size of a company is important because company size is a basic determinant of various characteristics in which shareholders are interested, counting risk.

It also engages in the provision of home maintenance, installation, as well as professional service programs to customers. It has a 25.92 P/E ratio. The company also sells installation programs for water heaters, sheds, flooring, countertops, cabinets, roofing, furnaces, siding, windows, central air systems, and cabinet refacing. Country National Bank invested 0% in The Home Depot, Inc. Alpha Beta Stock (ABS) makes sure to keep the information up to date and correct, but we didn't suggest or recommend buying or selling of any financial instrument unless that information is subsequently confirmed on your own.

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