Why Home Depot Got Hammered After Earnings

What to Expect From Home Depot's Q1

Its down 0.11, from 1.01 in 2017Q3. It dived, as 51 investors sold HD shares while 662 reduced holdings. 164 funds took holdings and 501 increased holdings. Funds hold 788.59 million shares thus 0.96% less from 2017Q3's 796.24 million shares. State Treasurer State Of Michigan, Michigan-based fund reported 962,328 shares. 9,109 were accumulated by Smith Moore And. Lpl Fincl Limited Co reported 37,389 shares. The firm owned 65,195 shares of the home improvement retailer's stock after buying an additional 3,508 shares during the period. Fundx Gp Llc has 0.32% invested in The Home Depot, Inc. Also, Director Gregory D. Brenneman bought 16,827 shares of the business's stock in a transaction that occurred on Wednesday, March 21st. Oak Ridge Investments Limited Liability Corporation reported 9,118 shares stake. Virginia-based Heritage Wealth Advsrs has invested 0.19% in The Home Depot, Inc. Lbmc Investment Advisors Llc acquired 1,652 shares as Home Depot Inc (HD)'s stock declined 7.15%. Roosevelt Invest Group Incorporated invested in 1.88% or 107,873 shares.

Commerce Bank holds 5.36% of its portfolio in Commerce Bancshares, Inc. for 7.37 million shares.

Since December 7, 2017, it had 2 insider buys, and 5 sales for $36.57 million activity. $3.31M worth of stock was sold by Decker Edward P. on Tuesday, February 27. (NYSE:HD). Baker Boyer Financial Bank owns 1,666 shares. 113,687 shares valued at $20.89 million were sold by Menear Craig A on Wednesday, February 21. 6,650 shares were bought by CODINA ARMANDO M, worth $1.19M. (NYSE:HD) was sold by Carey Matt on Friday, December 8. About 5.36M shares traded or 6.08% up from the average.

The sluggish sales growth is particularly surprising since Home Depot has been one of the better-performing retailers for some time now. The stock's average target of $62.29 is -4.58% below today's ($65.28) share price. Keeler Thomas Management LLC acquired a new stake in The Home Depot during the fourth quarter worth about $150,000.

The stock decreased 0.27% or $0.18 during the last trading session, reaching $65.28.

Customer transactions fell 1.3% to 375.9 million, but the average sale rose by 5.8% to $66.02. The Home Depot, Inc. Commerce Bancshares, Inc. (NASDAQ:CBSH) has risen 12.72% since May 14, 2017 and is uptrending. It has outperformed by 7.39% the S&P500.

According to a filing Eaton Vance Management reduced its stake in Oceaneering Intl Inc (NYSE:OII) by 1.54 million shares to 1.22 million shares, valued at $25.72 million in 2017Q4. Bbr Ltd Llc reported 0.04% of its portfolio in The Home Depot, Inc. (NYSE:HD) has 31 ratings reports on 15 May 2018 according to StockzIntelligence.

More news: Cashier-free Amazon Go stores are coming to Chicago and San Francisco

The home improvement retailer reported a profit of $1.67 in the year ago quarter, on revenue of $23.89 billion. Jefferies Group restated a "buy" rating and issued a $223.00 price objective on shares of The Home Depot in a research report on Monday, February 5th. (NYSE:HD) news were published by: Seekingalpha.com which released: "Home Depot Building For The Long Haul" on April 21, 2018, also Seekingalpha.com with their article: "Stocks To Watch: A Fed Head Talks Crypto" published on May 12, 2018, Forbes.com published: "Can Online Sales Drive Growth For Home Depot In The First Quarter?" on May 11, 2018.

For more The Home Depot, Inc. Be in 10 Years?" with a publish date: "May 06, 2018, "How Home Depot Inc Is Winning With Millennials" and the last "Game Plan For The Week - Cramer's Mad Money (5/11/18)" with publication date: "May 14, 2018.

Among 20 analysts covering Home Depot (NYSE:HD), 16 have Buy rating, 0 Sell and 4 Hold. The positive are 80%. CIT Group had 68 analyst reports since July 23, 2015 according to SRatingsIntel. Credit Suisse has "Outperform" rating and $222 target.

Shares of The Home Depot opened at $191.08 on Tuesday, MarketBeat reports. Home Depot is a Dow component. (NASDAQ:CBSH) earned "Sell" rating by Keefe Bruyette & Woods on Thursday, January 18. The rating was maintained by RBC Capital Markets with "Buy" on Thursday, December 7. Stifel Nicolaus maintained it with "Buy" rating and $225.0 target in Wednesday, February 21 report.

But with rising home prices and mortgage rates, the home improvement retailer - along with rival Lowe's - could feel the pinch, considering that a red hot housing sector has fueled much of their sales in recent years. On Tuesday, January 30 the firm has "Buy" rating by Guggenheim given. On Monday, February 26 the stock rating was maintained by Guggenheim with "Buy". On Tuesday, February 20 the rating was maintained by Robert W. Baird with "Buy".

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