Finance

Home Depot reports higher revenue, beating expectations

Home Depot reports higher revenue, beating expectations

Leavell Investment Management Inc decreased Home Depot Inc Com (HD) stake by 8.26% reported in 2016Q4 SEC filing. Vetr now has $164.18 target price on the home improvement retailer's stock. HD was included in 60 notes of analysts from August 19, 2015. The stock of Home Depot Inc (NYSE:HD) earned "Buy" rating by Citigroup on Wednesday, August 17. Godshalk Welsh has 1.45% invested in Home Depot Inc (NYSE:HD). The stock of Home Depot Inc (NYSE:HD) earned "Outperform" rating by Telsey Advisory Group on Wednesday, February 22. Out of 12 analysts who cover the stock, 10 suggest a Buy rating and 2 recommend to Hold the stock. The stock has a consensus rating of Buy and an average target price of $165.12. Coldstream Mgmt Inc has 0.5% invested in Home Depot Inc (NYSE:HD) for 22,697 shares. The stock's 50 day moving average price is $151.41 and its 200 day moving average price is $149.89. The company has market cap of $9.93 billion. Home Depot Inc has a 52-week low of $119.20 and a 52-week high of $160.86. Piper Jaffray downgraded Home Depot Inc (NYSE:HD) on Monday, October 31 to "Neutral" rating.

The company continues to benefit from a combination of more consumers spending more money on home improvement projects while homebuilders are buying more material to build homes. This is an increase of 331% compared to the average daily volume of 7,312 put options. (HD) announced a profit for its second quarter that rose compared to the same period past year. Home Depot had a net margin of 8.43% and a return on equity of 194.77%.

Revenue for the period ended July increased to $28.11 billion from $26.47 billion, topping the $27.84 billion that analysts polled by Zacks Investment Research forecast. During the same period in the previous year, the firm posted $1.97 earnings per share. -Revenue Change (Y-o-Y): 6.2%.

Currently, EPS of The Home Depot, Inc.

German Economy Expands On Domestic Demand In Second Quarter
Although, this was slightly slower than the forecast of 0.7%, the economy expanded for the 12th consecutive quarter. The provisional figure was lower than the 0.7 percent forecast by analysts surveyed by Factset.

TRADEMARK VIOLATION NOTICE: "American National Insurance Co". If you are reading this report on another publication, it was stolen and reposted in violation of United States and global copyright and trademark laws. The original version of this article can be accessed at https://transcriptdaily.com/2017/08/15/home-depot-inc-the-nysehd-upgraded-to-buy-at-vetr-inc-updated-updated-updated.html. Sales of new homes are rising every month, as do the prices they're selling for. The stock was sold at an average price of $156.79, for a total transaction of $14,214,738.19. Following the completion of the sale, the executive vice president now directly owns 46,294 shares in the company, valued at approximately $7,197,328.18. The transaction was disclosed in a document filed with the SEC, which is available at this link.

In other Home Depot news, Director Wayne M. Hewett bought 350 shares of the firm's stock in a transaction dated Wednesday, May 17th. Following the purchase, the director now owns 1,400 shares in the company, valued at approximately $219,954. The disclosure for this sale can be found here. Shares for $20.26 million were sold by Menear Craig A. 7,000 shares valued at $1.10 million were sold by Campbell Ann Marie on Wednesday, May 17. About shares traded. Msci Inc (NYSE:MSCI) has risen 31.33% since August 15, 2016 and is uptrending. Autus Asset Management LLC raised its stake in Home Depot by 2.5% in the second quarter. Neville Rodie & Shaw Inc sold 5,105 shares as Home Depot (HD)'s stock rose 9.30%. Acrospire Investment Management LLC increased its stake in Home Depot by 300.0% in the second quarter. The Neville Rodie & Shaw Inc holds 47,584 shares with $6.38M value, down from 52,689 last quarter. Piershale Financial Group Inc. boosted its position in Home Depot by 0.6% in the first quarter. CT Financial Advisors LLC now owns 758 shares of the home improvement retailer's stock worth $111,000 after buying an additional 3 shares during the last quarter. Autus Asset Management LLC now owns 2,197 shares of the home improvement retailer's stock worth $337,000 after buying an additional 54 shares during the last quarter.

Several other institutional investors also recently added to or reduced their stakes in the company.