Home Depot Boosts Guidance After Q3 Earnings Beat Views

Vicente Aguiar loads garage door trims into his pickup truck outside The Home Depot in Hialeah Fla. The Home Depot Inc. reports financial results on Tuesday Nov. 14 2017

Vicente Aguiar loads garage door trims into his pickup truck outside The Home Depot in Hialeah Fla. The Home Depot Inc. reports financial results on Tuesday Nov. 14 2017

Alliancebernstein L.P. now holds 9,354,080 shares valued at $1,529,953,000. Parametric Port Ltd Limited Liability Company, a Washington-based fund reported 3.27M shares. 243,134 are owned by Ontario Teachers Pension Plan Board. First PREMIER Bank boosted its position in shares of The Home Depot by 29.2% in the second quarter. Baldwin Brothers Ma holds 1,354 shares or 0.03% of its portfolio. Teachers Retirement Systems Of The State Of Kentucky, Kentucky-based fund reported 410,751 shares.

Shaker Financial Services Llc decreased Central Secs Corp (CET) stake by 14.65% reported in 2017Q2 SEC filing. 50,640 are owned by Parsons Cap Mgmt Ri. Profit will be about $7.36 a share, above the previous forecast of $7.29 a share, Home Depot said. EPS ratio determined by looking at last 12 month figures is 6.96. Whitnell & Company reported 0.94% stake. Williams Jones And Assoc Limited Liability Company stated it has 85,328 shares.

As the earnings date approaches, we can see that insider ownership is now 0.10% shares, and institutional ownership is at 73.20% for The Home Depot, Inc. Verition Fund Mgmt invested 0.05% of its portfolio in Home Depot Inc (NYSE:HD). Independent Port Consultants holds 0.27% or 4,199 shares.

American International Group Inc reduced its investment by selling 98,444 shares a decrease of 21.6% as of 09/30/2017. Operating expenses at the company rose 5.2% to $4.97 billion. The Symphony Asset Management Llc holds 43,551 shares with $6.68M value, down from 48,321 last quarter. Home Depot Inc Com now has $195.62B valuation.

The company is so far trading up by 0.17% percent from yesterday's close. About 230,707 shares traded. Janney Montgomery Scott LLC lifted its stake in Home Depot, Inc. It has outperformed by 1.95% the S&P500. Its investment stood at $77,644,000 an increase of $13,944,000 according to the filing.

Quarterly Earnings Growth on year-over-year basis stands at 14.2 percent.

Yet, considering Home Depot's healthy sales and profit growth, it's likely that both retailers enjoyed large, but temporary, boosts from natural disasters in the third quarter while their core businesses continued along the same path that's included steady market share gains for the industry leader. Wela Strategies Inc. acquired a new position in Home Depot, Inc. The full-year view implies Q4 EPS of $1.60 vs. consensus views for $1.59.

Among 30 analysts covering The Home Depot Inc. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. Therefore 70% are positive. The Home Depot Inc. has $190 highest and $106 lowest target.

Home Depot had recorded US$377 million in sales of storm-recovery merchandise in 2012 after Hurricanes Irene and Sandy. The firm earned "Buy" rating on Wednesday, August 17 by Deutsche Bank.

In related news, EVP Ann Marie Campbell sold 10,717 shares of the stock in a transaction on Wednesday, August 16th. Finally, Credit Suisse Group set a $171.00 price objective on Home Depot, Inc. Cantor Fitzgerald has "Hold" rating and $106 target. The rating was initiated by Gordon Haskett Capital Corporation with "Buy" on Tuesday, October 3. As per Thursday, June 23, the company rating was upgraded by Nomura. Goldman Sachs maintained the stock with "Neutral" rating in Wednesday, April 6 report. The company was maintained on Wednesday, November 18 by UBS. On Monday, August 7 the stock rating was maintained by Canaccord Genuity with "Buy". The firm has "Buy" rating by RBC Capital Markets given on Monday, September 18.

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