Lynch & Associates IN Has $778000 Stake in Home Depot Inc (HD)

Home Depot Outperformed Analysts’ Revenue Estimates in 1Q17

What Analysts Are Saying About Home Depot After Earnings

Boulegeris Investments Inc decreased Home Depot Inc (HD) stake by 6.29% reported in 2016Q4 SEC filing. The firm owned 8,150 shares of the home improvement retailer's stock after selling 550 shares during the period. $1.95 million worth of Home Depot Inc (NYSE:HD) shares were bought by VADON MARK C. The First Commonwealth Financial Corp holds 5,459 shares with $732,000 value, down from 9,493 last quarter. Flagship Harbor Advisors LLC now owns 13,763 shares of the home improvement retailer's stock valued at $2,021,000 after buying an additional 2,372 shares in the last quarter. Cable Hill Partners LLC increased its position in Home Depot by 10.4% in the third quarter. Horrell Capital Management Inc. now owns 26,990 shares of the home improvement retailer's stock worth $3,473,000 after buying an additional 128 shares during the period. The Home Depot, Inc. has far performed well this year, with the share price up 16.83% since January. Kistler Tiffany Companies LLC increased its stake in shares of Home Depot by 18.5% in the first quarter. Newman Dignan & Sheerar Inc. now owns 3,622 shares of the home improvement retailer's stock valued at $532,000 after buying an additional 24 shares in the last quarter. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its position in Home Depot by 14,902.0% in the fourth quarter. Hedge funds and other institutional investors own 71.53% of the company's stock.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, May 16th.

Stock is now moving with a positive distance from the 200 day simple moving average of approximately 14.13%, and has a solid year to date (YTD) performance of 16.83% which means the stock is constantly adding to its value from the previous fiscal year end price. Home Depot has a one year low of $119.20 and a one year high of $160.86. Hl Financial Services Llc who had been investing in Home Depot Inc for a number of months, seems to be bullish on the $186.94B market cap company. Home Depot had a return on equity of 123.29% and a net margin of 8.23%. The firm had revenue of $23.89 billion for the quarter, compared to analysts' expectations of $23.74 billion. During the same period in the previous year, the business earned $1.44 EPS.

While considering growth estimates of the company, it has next quarter growth estimates of 11.9% whereas during current quarter it has 12.2% estimations over growth, comparing to the estimations of 12.2% during current year and 13.1% for next year. Equities analysts forecast that Home Depot will post $7.24 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st will be given a $0.89 dividend. Analysts have a mean recommendation of 2.60 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Home Depot's payout ratio is now 44.66%.

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Several research analysts have issued reports on the stock. RBC Capital Markets maintained it with "Outperform" rating and $15 target in Tuesday, May 10 report. Credit Suisse Group AG set a $163.00 price target on Home Depot and gave the company a "buy" rating in a report on Tuesday, May 2nd. Vetr raised Home Depot from a "hold" rating to a "buy" rating and set a $152.86 price target for the company in a report on Wednesday, March 8th.

Stifel reiterated a Buy rating and raised its price target from $165 to $178. Finally, Citigroup Inc reiterated a "buy" rating and issued a $179.00 price target (up from $168.00) on shares of Home Depot in a report on Wednesday. Budros Ruhlin Roe Incorporated has invested 0.09% in Home Depot Inc (NYSE:HD).

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