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Storm Relief Yields Sales Momentum for Home Depot

14 November 2017

Greatmark Inv Prns has 2.92% invested in Home Depot Inc (NYSE:HD) for 47,571 shares. The company's stock had a trading volume of 3,554,900 shares, compared to its average volume of 4,358,007. Hewett Wayne M. bought $54,989 worth of Home Depot Inc (NYSE:HD) on Wednesday, May 17. (The) by 3.0% in the 2nd quarter. Silicon Valley Capital Partners now owns 1,485 shares of the home improvement retailer's stock valued at $228,000 after buying an additional 9 shares in the last quarter. After having $2.25 EPS previously, Home Depot Inc's analysts see -20.00% EPS growth. (The) by 0.3% in the 2nd quarter. State Street Corp now owns 55,747,883 shares of the home improvement retailer's stock worth $8,185,463,000 after acquiring an additional 396,271 shares during the period. (The) by 12.2% in the 2nd quarter. It also increased its holding in Metlife Inc (Call) (NYSE:MET) by 807,000 shares in the quarter, for a total of 3.81 million shares, and has risen its stake in Textron Inc (Call) (NYSE:TXT). Robert W. Baird maintained the shares of HD in report on Tuesday, August 15 with "Buy" rating. (The) by 16.2% in the 2nd quarter.

As of Monday's market close, Home Depot shares have climbed almost 24 percent in 2017. Home Depot Inc (NYSE:HD) has risen 18.65% since November 13, 2016 and is uptrending. (The) by 1.5% in the second quarter. Institutional investors own 71.36% of the company's stock.

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Looking ahead, Home Depot forecast full-year EPS of $7.36, which is slightly higher than the $7.34 per share analysts are looking for. "(The) (NYSE:HD)" was originally reported by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this piece on another site, it was stolen and reposted in violation of worldwide copyright legislation. The legal version of this piece can be viewed at https://www.dispatchtribunal.com/2017/11/13/home-depot-inc-the-hd-shares-sold-by-arrow-financial-corp.html. Carey Matt sold $2.30M worth of stock or 14,680 shares. The stock was sold at an average price of $157.10, for a total transaction of $5,027,200.00.

Arcadia Investment Management Corp decreased Stryker Corp (NYSE:SYK) stake by 2,179 shares to 71,723 valued at $9.95M in 2017Q2. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. It is positive, as 38 investors sold HD shares while 632 reduced holdings. The disclosure for this sale can be found here. 48,769 shares were sold by HOLIFIELD MARK, worth $7.65M on Wednesday, May 17. The company has a debt-to-equity ratio of 6.87, a current ratio of 1.30 and a quick ratio of 0.48. Home Depot Inc now has $193.46 billion valuation. Updated Fiscal 2017 Guidance Based on its year-to-date performance, underlying strength of the core business, and projected hurricane recovery sales, the Company lifted its fiscal 2017 sales growth guidance and now expects sales will be up approximately 6.3 percent and comp sales will be up approximately 6.5 percent.

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Home Depot Inc (HD.N), the largest US home improvement chain, beat analysts' third-quarter sales and profit estimates on Tuesday, as hurricanes Harvey and Irma boosted demand for storm-related emergency products and rebuilding materials. The hedge fund run by Mike Masters held 2.50 million shares of the major banks company at the end of 2017Q2, valued at $44.48 million, down from 3.00M at the end of the previous reported quarter. The business had revenue of $28.11 billion for the quarter, compared to the consensus estimate of $27.84 billion. The Home Depot had a return on equity of 110.52% and a net margin of 8.08%. Piershale Financial Group Inc. boosted its stake in The Home Depot by 0.5% in the second quarter.

Several analysts have weighed in on the company. (The) from $170.00 to $190.00 and gave the company a "buy" rating in a report on Wednesday, November 8th. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers. (The) in a report on Tuesday, September 12th. The stock of Home Depot Inc (NYSE:HD) earned "Outperform" rating by RBC Capital Markets on Wednesday, November 18. Telsey Advisory Group maintained the shares of HD in report on Monday, December 7 with "Outperform" rating. This increasing trend is set to continue in the future, benefiting Home Depot who is heavily reliant on the improvement of this industry. Oppenheimer Holdings, Inc. set a $178.00 price target on Home Depot, Inc. Citigroup Inc. reaffirmed a "buy" rating and issued a $179.00 price target on shares of Home Depot, Inc. Atlantic Securities downgraded Home Depot Inc (NYSE:HD) on Thursday, May 11 to "Neutral" rating. Finally, Alliancebernstein L.P. increased its position in Home Depot, Inc.

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According to the U.S. Census Bureau's retail sales data, home improvement spending remains healthier still than most retail categories. Comparable sales are now predicted to climb 6.5 percent, compared to prior estimates calling for an increase of 5.5 percent.

Storm Relief Yields Sales Momentum for Home Depot