Published: Wed, May 16, 2018
Finance | By Claude Patterson

Why Home Depot Got Hammered After Earnings

Why Home Depot Got Hammered After Earnings

(HD) finalized the Monday at price of $191.08 after traded 6991601 shares. 164 funds opened positions while 501 raised stakes. A total of 1,109,714 shares exchanged hands during the intra-day trade contrast with its average trading volume of 2.12M shares, while its relative volume stands at 3.38. Green Valley Invsts Ltd Liability Co reported 461,885 shs or 4.17% of all its holdings. Hodges owns 29,906 shares. (NYSE:HD). Cypress Asset Tx owns 38,993 shs or 1.59% of their U.S. capital. Ing Groep Nv reported 199,721 shares. 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.

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. Huntington Natl Bank reported 1.01% of its portfolio in The Home Depot, Inc. (NYSE:HD). Gamco Invsts Inc Et Al has 272,519 shs for 0.32% of their capital. (NYSE:HD). Pinebridge Invs Lp invested in 121,045 shares. The company has a quick ratio of 0.38, a current ratio of 1.17 and a debt-to-equity ratio of 16.69.

HD had 5 selling transactions and 2 insider buys since December 7, 2017. Eaton Vance Management has cut its stake in American Tower Corp New (NYSE:AMT) and also reduced its holding in Alleghany Corp Del (NYSE:Y) by 101,018 shares in the quarter, for a total of 37,437 shares. (NYSE:HD) on Wednesday, February 21. On Thursday, February 22 $7.02M worth of stock was sold by Campbell Ann Marie. $3.00M worth of The Home Depot, Inc. (NYSE:HD) or 10,916 shares. 41,396 shares were sold by Carey Matt, worth $7.58M. Moreover, Compass Mgmt has 0.07% invested in The Home Depot, Inc.

To some degree, Home Depot is paying a price for years of very strong results that for one quarter, were merely very good. (NYSE:HD) on Wednesday, March 21. Institutional investors and hedge funds own 70.73% of the company's stock. Estabrook Capital Management's holdings in The Home Depot were worth $5,236,000 at the end of the most recent quarter. The stock price moved with change of 0.15% to its 50 Day low point and changed 12.12% comparing to its 50 Day high point. Volume is the number of shares or agreement traded in a security or a whole market during a given period. Mai Capital Mngmt has invested 0.9% in The Home Depot, Inc. HD outperformed the S&P500 by 7.39%. Following the sale, the executive vice president now directly owns 73,815 shares in the company, valued at approximately $13,827,025.80., Inc. a China based Company, belongs to Technology sector and Internet Information Providers industry.

Home Depot's sales at established stores missed Wall Street forecasts for the first time in seven quarters, as cooler weather in some USA states led to a slower-than-expected start to the spring selling season. More interesting news about The Home Depot, Inc. Finally, Morgan Stanley set a $210.00 target price on The Home Depot and gave the stock a "buy" rating in a research report on Wednesday, March 21st. The positive are 80%. The company has a consensus rating of "Buy" and a consensus target price of $194.80. The firm earned "Buy" rating on Wednesday, January 24 by Stifel Nicolaus. On Friday, January 26 the company was maintained by UBS. They issued a "buy" rating and a $206.00 price objective on the stock.

Taking a look at the performance of Activision Blizzard, Inc. stock, an investor will come to know that the weekly performance for this stock is valued at 1.89%, resulting in a performance for the month at 8.83%. The firm has "Buy" rating given on Thursday, November 16 by Citigroup. It is also used in ranking the parallel size of stock exchanges, is a measure of the total of the market capitalizations of all companies listed on each stock exchange.

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