Published: Tue, May 15, 2018
Business | By Kate Woods

Home Depot's 1Q profit overshadowed by same-store sales

Home Depot's 1Q profit overshadowed by same-store sales

164 funds opened positions while 501 raised stakes. They expect $0.88 earnings per share, up 23.94 % or $0.17 from last year's $0.71 per share. (NYSE:CIT) earned "Hold" rating by Keefe Bruyette & Woods on Sunday, February 4. 9,109 were accumulated by Smith Moore And. University Of Texas Managment Co invested 0.15% of its capital in The Home Depot, Inc.

Other institutional investors have also recently bought and sold shares of the company. Wedge Capital L Limited Partnership Nc stated it has 1.54M shares or 0.68% of all its holdings. Capwealth Advsr Ltd Liability Com accumulated 86,140 shares.

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"[Home] Depot's 4.2% comp gain would be the envy of many retailers struggling to generate same store sales above LSD levels, but it was the Atlanta-based chain's weakest comp increase since [the second quarter of 2015]", noted Retail Metrics President Ken Perkins in comments emailed to Retail Dive. Financial Advisory Grp has 0.37% invested in The Home Depot, Inc. (NYSE:HD). Private Ocean Ltd reported 882 shares.

Since December 7, 2017, it had 2 insider buys, and 5 sales for $36.57 million activity. On Wednesday, March 21 BRENNEMAN GREGORY D bought $3.00M worth of The Home Depot, Inc. (NYSE:HD). Country Trust Bank reported 0% stake. $3.00M worth of The Home Depot, Inc. On Wednesday, February 21 the company was maintained by Stifel Nicolaus. Hanson Doremus Invest owns 0.06% invested in The Home Depot, Inc. Another trade for 41,396 shares valued at $7.58M was made by Carey Matt on Friday, December 8.

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The downbeat results - which pushed Home Depot shares down 3 percent in premarket trade - are uncommon for the top US home improvement chain, which has largely bucked the trend of retailers losing shoppers to Inc (AMZN.O) and other online players. Following the completion of the purchase, the director now owns 46,332 shares in the company, valued at $8,260,532.28. At the end of 2017Q4, the institutional investor held 2.38 million shares of the consumer services company, priced at $451.12M, up from 1.89M at the end of the previous reported quarter. The Home Depot has a 12 month low of $189.87 and a 12 month high of $191.54. Corporate insiders own 0.25% of the company's stock. $219.37 billion is Home Depot Inc's MC. CIT Group Inc. (NYSE:CIT) has risen 25.02% since May 14, 2017 and is uptrending. HD outperformed the S&P500 by 7.39%.

Voya Investment Management Llc, which manages about $84.40 billion and $48.11B US Long portfolio, upped its stake in Ralph Lauren Corp (NYSE:RL) by 888,675 shares to 918,617 shares, valued at $95.25M in 2017Q4, according to the filing. It also increased its holding in Exxon Mobil Corp (NYSE:XOM) by 89,079 shares in the quarter, for a total of 1.22M shares, and has risen its stake in Global Pmts Inc (NYSE:GPN). Moreover, Compass Mgmt has 0.07% invested in The Home Depot, Inc. (NYSE:HD) for 2,145 shares. HD is touching $187.96 during the last trading session, after decreased 1.63%.The Home Depot, Inc. has 5.10 million shares volume, 0.92% up from normal. CBSH's profit will be $93.81 million for 18.55 P/E if the $0.88 EPS becomes a reality. Dimensional Fund Advisors LP increased its holdings in shares of The Home Depot by 0.3% in the 3rd quarter. Motco's holdings in The Home Depot were worth $147,000 at the end of the most recent reporting period. Virginia-based Heritage Wealth Advsrs has invested 0.19% in The Home Depot, Inc. Finally, Gabelli started coverage on shares of The Home Depot in a research report on Wednesday, April 11th. The Home Depot now has an average rating of "Buy" and an average price target of $194.80. Therefore 40% are positive. (NYSE:HD) has 35 ratings reports on 14 May 2018 according to StockzIntelligence. The stock's average target of $62.29 is -4.58% below today's ($65.28) share price. Finally, Zacks Investment Research upgraded shares of The Home Depot from a "hold" rating to a "buy" rating and set a $205.00 price objective for the company in a research report on Tuesday, February 6th. The stock of Commerce Bancshares, Inc.

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Lbmc Investment Advisors Llc increased Home Depot Inc (HD) stake by 131.95% reported in 2017Q4 SEC filing. On Thursday, December 7 the company was maintained by Bernstein. On Wednesday, January 31 the stock rating was maintained by Wells Fargo with "Market Perform".

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