How Home Depot Earnings Are Pushing the Stock to New Highs

May 17 13:02 2017

Analysts forecast that Home Depot Inc will post $7.22 EPS for the current fiscal year. Closing price generally refers to the last price at which a stock trades during a regular trading session.

TJX Companies Inc (TJX) declined 2.8% or $2.16 to $74.74 after the off-price apparel and home fashions retailer reported net sales in the first-quarter ending in March increased 3% from a year ago to $7.8 million.

Since November 16, 2016, it had 2 insider buys, and 4 sales for $33.48 million activity. Wedgewood Pa holds 0.68% or 5,472 shares.

Home Depot, Inc. (The) (HD) now has P/E (Price to Earnings) ratio of 24.32 while the company’s industry has 22.85 P/E and the sector P/E is 22.99. The stock has a consensus rating of “Buy” and a consensus target price of $154.23. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of Home Depot during the fourth quarter valued at about $139,356,000. Passport Limited Liability reported 0.12% in Home Depot Inc (NYSE:HD). EPS is broadly thought to be one of the most important factors when evaluating the price of a share. (HD) is a part of Services sector and belongs to Home Improvement Stores industry. Jackson Grant Investment Advisers Inc. increased its stake in Home Depot by 0.4% in the first quarter. Earnings per share is the segment of profit for a company that is allocated to every outstanding share of a company’s common stock.

Among 5 analysts covering Relx (NYSE:RELX), 3 have Buy rating, 0 Sell and 2 Hold. Hedge funds and other institutional investors own 71.53% of the company’s stock. Cacti Asset Mgmt Ltd Co has 0% invested in Home Depot Inc (NYSE:HD) for 100 shares. Typically, they estimate what the company’s earnings and cash flow will be for the next couple of years, and then apply a ratio – such as a price-to-earnings ratio – to those estimates to determine what the future stock price should theoretically be. The stock of Home Depot Inc (NYSE:HD) has “Neutral” rating given on Thursday, May 11 by Atlantic Securities.

Number of analysts are eying on this stock, and after detailed observation, they have given the stock mean target price of $14.34 while their mean recommendation is 2.90 (1=Buy, 5=sell). The stock now has a Market Cap of $5.24B.

The Home Depot, Inc. announced its recent quarter financial results after the market close on 21/02/2017, crushing consensus estimates with both its revenue and earnings. The stock of Home Depot Inc (NYSE:HD) earned “Mkt Perform” rating by Bernstein on Monday, February 6. The firm earned “Buy” rating on Tuesday, May 24 by Topeka Capital Markets.

The bad news is analysts don’t believe there’s a room for the share price to move in the upward direction. Home Depot spent $1.3 billion on share buybacks for FQ1 and paid $1.1 billion in dividends. Crow Timothy M sold $12.82M worth of stock or 88,253 shares. Earnings per share increased 16 percent to $1.67 from $1.44 in the prior year. The rating was maintained by Telsey Advisory Group on Wednesday, February 22 with “Outperform”. Verition Fund Mngmt Lc holds 6,395 shares or 0.07% of its portfolio.

According to the latest research reports released, 13 analysts have issued a rating of “buy”, 9 analysts “outperform”, 10 analysts “hold”, 0 analysts “underperform” and 0 analysts “sell”. Mcdaniel Terry & Co. raised its position in shares of Home Depot by 0.5% in the first quarter.

While other retailers are suffering Home Depot is profiting from a spike in home-improvement projects that have come with the rebound in housing prices

How Home Depot Earnings Are Pushing the Stock to New Highs
 
 
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