Stock On Watch: Home Depot Inc (NYSE:HD) Institutional Investors Quarterly Sentiment

November 24, 2016 - By Louis Casey   ·   0 Comments

Stock On Watch: Home Depot Inc (NYSE:HD) Institutional Investors Quarterly Sentiment

Sentiment for Home Depot Inc (NYSE:HD)

Home Depot Inc (NYSE:HD) institutional sentiment decreased to 0.85 in 2016 Q2. Its down -0.07, from 0.92 in 2016Q1. The ratio dropped, as 646 active investment managers increased and started new positions, while 701 trimmed and sold holdings in Home Depot Inc. The active investment managers in our partner’s database now own: 870.00 million shares, down from 928.89 million shares in 2016Q1. Also, the number of active investment managers holding Home Depot Inc in their top 10 positions decreased from 206 to 151 for a decrease of 55. Sold All: 63 Reduced: 638 Increased: 543 New Position: 103.

The Home Depot, Inc. is a home improvement retailer. The company has a market cap of $165.61 billion. The Firm sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. It has a 21.24 P/E ratio. The Home Depot stores serve three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) clients and professional customers.

The stock increased 0.18% or $0.23 on November 23, hitting $131.21. About 3.61 million shares traded hands. Home Depot Inc (NYSE:HD) has declined 3.28% since April 22, 2016 and is downtrending. It has underperformed by 8.69% the S&P500.

Analysts await Home Depot Inc (NYSE:HD) to report earnings on February, 28. They expect $1.32 earnings per share, up 12.82% or $0.15 from last year’s $1.17 per share. HD’s profit will be $1.67B for 24.85 P/E if the $1.32 EPS becomes a reality. After $1.60 actual earnings per share reported by Home Depot Inc for the previous quarter, Wall Street now forecasts -17.50% negative EPS growth.

According to Zacks Investment Research, “Home Depot is the one of world’s largest home improvement retailer. The company offers a level of service unprecedented among warehouse-style retailers. Home Depot stores cater to do-it-yourselfers, as well as home improvement, construction and building maintenance professionals. The Home Depot currently operates in the USA, Canada, Chile, Puerto Rico, and Argentina. The company also operates EXPO Design Centers across the U.S. and Villager’s Hardware in New Jersey.”

Two Creeks Capital Management Lp holds 19.4% of its portfolio in Home Depot Inc for 2.30 million shares. Glade Brook Capital Partners Llc owns 148,132 shares or 15.24% of their US portfolio. Moreover, Brookmont Capital Management has 9.92% invested in the company for 213,362 shares. The New York-based Gabalex Capital Management Llc has invested 9.31% in the stock. Jasper Ridge Partners L.P., a California-based fund reported 960,845 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 2 insider purchases, and 8 insider sales for $30.32 million net activity.

Home Depot Inc (NYSE:HD) Ratings Coverage

Ratings analysis reveals 67% of The Home Depot Inc.’s analysts are positive. Out of 21 Wall Street analysts rating The Home Depot Inc., 14 give it “Buy”, 0 “Sell” rating, while 7 recommend “Hold”. The lowest target is $106 while the high is $156. The stock’s average target of $141.29 is 7.68% above today’s ($131.21) share price. HD was included in 44 notes of analysts from August 19, 2015. The stock has “Neutral” rating given by PiperJaffray on Monday, October 31. Argus Research maintained the stock with “Buy” rating in Wednesday, November 18 report. Longbow maintained Home Depot Inc (NYSE:HD) rating on Friday, August 14. Longbow has “Buy” rating and $130 price target. The stock of Home Depot Inc (NYSE:HD) earned “Buy” rating by UBS on Wednesday, November 18. The stock of Home Depot Inc (NYSE:HD) has “Buy” rating given on Tuesday, August 2 by Stifel Nicolaus. The stock of Home Depot Inc (NYSE:HD) earned “Buy” rating by Vetr on Saturday, August 29. The stock has “Sell” rating given by SEB Equity Research on Tuesday, August 25. The stock of Home Depot Inc (NYSE:HD) has “Outperform” rating given on Wednesday, November 16 by RBC Capital Markets. The rating was downgraded by Vetr to “Buy” on Wednesday, August 19. As per Wednesday, August 17, the company rating was maintained by Deutsche Bank.

HD Company Profile

The Home Depot, Inc. (The Home Depot), incorporated on June 29, 1978, is a home improvement retailer. The Firm sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores average approximately 104,000 square feet of enclosed space, with over 24,000 additional square feet of outside garden area. The Home Depot stores serve three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) clients and professional customers. The Firm has approximately 2,270 stores located throughout the United States, including the Commonwealth of Puerto Rico and the territories of the United States Virgin Islands and Guam, Canada and Mexico.

More notable recent Home Depot Inc (NYSE:HD) news were published by: Fool.com which released: “9 Key Numbers From Home Depot Inc.’s Third Quarter” on November 22, 2016, also Wsj.com with their article: “Venezuela’s Nemesis Is a Hardware Salesman at a Home Depot in Alabama” published on November 20, 2016, Fool.com published: “5 Things Home Depot Inc. Management Wants You to Know” on November 17, 2016. More interesting news about Home Depot Inc (NYSE:HD) were released by: Nasdaq.com and their article: “Better Dividend Stock: Home Depot Inc. vs. Lowe’s” published on November 18, 2016 as well as Wsj.com‘s news article titled: “Home Depot Sales and Revenue Rise as Customers Spend More Per Transaction” with publication date: November 15, 2016.

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By Louis Casey


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