Why Home Depot Got Hammered After Earnings

Anna Jefferson
May 15, 2018

51 investors sold all, 662 reduced holdings as HD ratio dived. 164 funds opened positions while 501 raised stakes. The institutional investors in our partner's database reported: 65.55 million shares, up from 62.31 million shares in 2017Q3. Pinnacle Wealth Planning Services Inc. purchased a new stake in The Home Depot during the 4th quarter valued at about $112,000. (NYSE:HD) for 1,340 shs.

Home Depot Inc.'s lackluster results last quarter are adding to concerns the US housing market is slackening. Eaton Vance Management has cut its stake in American Tower Corp New (NYSE:AMT) and also reduced its holding in Alleghany Corp Del (NYSE:Y) by 101,018 shares in the quarter, for a total of 37,437 shares. (NYSE:HD) or 260,824 shs. Cwh Capital Mngmt Inc reported 15,440 shares or 1.37% of all its holdings. (NYSE:HD) or 16,827 shs. Roseborough Teresa Wynn also sold $1.97M worth of The Home Depot, Inc. Earnings amounted to $2.08 a share, Atlanta-based Home Depot said. New Jersey-based Prudential Fincl has invested 0.44% in The Home Depot, Inc. Pictet And Cie (Europe) Sa has invested 0.96% in The Home Depot, Inc. Weiss Multi owns 0.56% invested in The Home Depot, Inc. (NYSE:CIT) or 2,000 shares. Chevy Chase Tru owns 1.04M shs for 0.85% of their capital.

Patio furniture, for instance, was marked down by up to 30 percent, Home Depot's website showed. Country National Bank invested 0% in The Home Depot, Inc.

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Since January 1, 0001, it had 0 buys, and 27 sales for $22.87 million activity. More interesting news about The Home Depot, Inc. And sales have been "strong" so far this month as temperatures warmed up, according to Chief Executive Officer Craig Menear. The insider BRENNEMAN GREGORY D bought $3.00 million. Guggenheim maintained the shares of HD in report on Monday, February 26 with "Buy" rating. (NYSE:HD) on Wednesday, February 21. The Home Depot had a net margin of 8.55% and a return on equity of 306.73%. (NYSE:HD) was sold by Carey Matt. Campbell Ann Marie sold $7.02 million worth of The Home Depot, Inc. (NYSE:HD) with "Buy" rating.

The Home Depot (NYSE:HD) last released its earnings results on Tuesday, February 20th. Following the completion of the purchase, the director now directly owns 46,332 shares in the company, valued at approximately $8,260,532.28. The consumer services company announced $5.95M value for the 2017Q4.

The miss was the first in seven quarters for the top US home improvement chain, which has in recent years largely bucked the trend of big-box stores losing shoppers to online retailers including Amazon.com Inc.

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Shares of Home Depot are down 0.67% premarket to $189.80. (NYSE:HD) has risen 18.94% since May 14, 2017 and is uptrending. The stock outperformed the S&P 500 by 7.39%. Its stake in Powershares Qqq Trust (QQQ) was reduced by 386,866 shares to 31 shares valued at $5,000 in 2017Q4, according to the filing.

In April, homebuilder confidence slid for the fourth consecutive month as the cost of home ownership slides out of reach for more Americans. Aperio Grp Limited Company reported 0.83% of its capital in 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. Cibc Natl Bank Usa holds 0.15% of its portfolio in The Home Depot, Inc. The positive are 80%. The company's distance from 52-week high price is -13.95% and the current price is 14.95% away from 52-week low price. Finally, Jefferies Group reissued a "buy" rating and set a $223.00 target price on shares of The Home Depot in a research note on Monday, February 5th. On Wednesday, February 21 Wedbush maintained The Home Depot, Inc. CBSH was included in 16 notes of analysts from December 6, 2017. In Wednesday, November 15 report Argus Research maintained the stock with "Buy" rating. The rating was maintained by Stifel Nicolaus with "Buy" on Friday, December 22. In Wednesday, November 15 report UBS maintained the stock with "Buy" rating. The stock of The Home Depot, Inc. (NYSE:HD) has "Buy" rating given by BMO Capital Markets.

The sales outlook helped the company's shares trim initial losses. Telsey Advisory Group reiterated an "outperform" rating and issued a $220.00 price objective (up from $190.00) on shares of The Home Depot in a report on Friday, January 19th. (NYSE:CIT) earned "Hold" rating by Keefe Bruyette & Woods on Sunday, February 4.

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