Stock Price Analysis of The Home Depot, Inc. (HD)

Home Depot Store Exterior

Home Depot Store Exterior

Cornercap Investment Counsel Inc. now owns 38,565 shares of the home improvement retailer's stock valued at $5,171,000 after buying an additional 3,620 shares during the last quarter.

"We were pleased with our results as they reflected broad-based growth across our interconnected platform and all geographies", Craig Menear, Home Depot CEO, wrote in a statement.

Over the last twelve months The Home Depot, Inc.'s stock price has increased from 0.00 to 157, a change of 0%. This means that-all other things being equal-Home Depot's earnings per share look nearly 50 percent better than it would if they had the same shares in 2004.

Stock is now moving with a positive distance from the 200 day simple moving average of approximately 15.6%, and has a solid year to date (YTD) performance of 18.05% which means the stock is constantly adding to its value from the previous fiscal year end price. Mascoma Wealth Management LLC bought a new stake in Home Depot during the fourth quarter valued at approximately $166,000. Noesis Capital Mangement Corp now owns 4,284 shares of the home improvement retailer's stock valued at $551,000 after buying an additional 20 shares during the period. Also, the number of institutional investors holding Home Depot Inc in their top 10 stock positions decreased from 140 to 118 for a decrease of 22. On Friday, November 18 BOYD JEFFERY H bought $1.28 million worth of Home Depot Inc (NYSE:HD) or 10,000 shares. The stock has a 50 day moving average of $150.81 and a 200-day moving average of $139.69. The Home Depot Inc. has $165 highest and $106 lowest target. The company has market cap of $189.47 billion. This is an increase of approximately 117% compared to the typical daily volume of 5,621 put options. Union Bankshares Corp holds 0.32% of its portfolio in Home Depot Inc (NYSE:HD) for 6,434 shares.

The Atlanta-based home improvement warehouse operator reported Q1 earnings per share (EPS) of $1.67, which was $0.06 better than the Wall Street consensus estimate of $1.61. Home Depot had a net margin of 8.23% and a return on equity of 123.29%. Net earnings for the first quarter of fiscal 2017 were $2.0 billion, or $1.67 per diluted share, compared with net earnings of $1.8 billion, or $1.44 per diluted share, in the same period of fiscal 2016. The company's quarterly revenue was up 5.8% on a year-over-year basis. Equities research analysts expect that Home Depot Inc will post $7.20 EPS for the current year.

Gross profit in the reported quarter improved 4.7% to $8,154 million from $7,791 million in the year-ago quarter, primarily driven by higher sales.

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The Home Depot, Inc.is a home improvement retailer. The research report and subsequent rating should be used to complement individual homework and strategy. Wedbush reiterated a "neutral" rating and set a $145.00 target price on shares of Home Depot in a research note on Wednesday, February 22nd. Stifel Nicolaus reinitiated the shares of HD in report on Tuesday, August 2 with "Buy" rating.

The Home Depot, Inc. was covered by a number of analysts recently, 13 rated the stock as Buy, 10 rated Hold, 0 rated sell and 0 gave an Underperform.

Shares of Home Depot (NYSE:HD) traded up 1.3289% on Monday, reaching $159.4208. BTIG Research reaffirmed a "buy" rating and issued a $155.00 price target on shares of Home Depot in a report on Thursday, February 16th.

Among 2 analysts covering Telephone and Data Systems (NYSE:TDS), 0 have Buy rating, 0 Sell and 2 Hold.

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