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.

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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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