Cramer Says Home Depot Deserves 'The Benefit Of The Doubt'


Equities research analysts expect that The Home Depot (NYSE:HD) will post sales of $25.20 billion for the current quarter, Zacks reports. It worsened, as 51 investors sold The Home Depot, Inc. shares while 662 reduced holdings. (NYSE:HD). Boston Advsr Limited Liability Com reported 1.63% of its portfolio in The Home Depot, Inc.

Institutional investors now hold around $157.62 billion or 72.8% in HD stock. Home Depot fell 2 percent in midday trading.

Bokf increased its stake in Home Depot Inc (HD) by 29.12% based on its latest 2017Q4 regulatory filing with the SEC. Davis R M Inc. now owns 13,457 shares of the home improvement retailer's stock worth $2,551,000 after buying an additional 270 shares during the last quarter.

Among 20 analysts covering Home Depot (NYSE:HD), 16 have Buy rating, 0 Sell and 4 Hold. Glenview Trust Co now owns 27,455 shares of the home improvement retailer's stock valued at $4,894,000 after purchasing an additional 1,978 shares in the last quarter. Huber Cap Mgmt Llc reported 0.99% in The Home Depot, Inc. Marietta Wealth Management LLC now owns 19,382 shares of the home improvement retailer's stock worth $3,170,000 after acquiring an additional 3,556 shares during the last quarter. (NYSE:HD) has risen 18.94% since May 15, 2017 and is uptrending. The company has a quick ratio of 0.38, a current ratio of 1.17 and a debt-to-equity ratio of 16.69.

The Home Depot (NYSE:HD) last released its earnings results on Tuesday, May 15th. The company had revenue of $24.95 billion during the quarter, compared to the consensus estimate of $25.17 billion. The Home Depot, Inc.'s Return on Equity (ROE) of 299.80% reveals how much profit they generate with money from shareholders. He was referring to sales of garden-related products such as fertilizers and mulch, which account for 15 percent to 20 percent of revenue, and took a beating in the first quarter. The analyst expressed concern over several fundamental hurdles, including Model 3 production and the recent executive restructuring. On Wednesday, January 10 Robert W. Baird maintained The Home Depot, Inc.

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Analyst's mean target price for the company is $76.15 while analysts mean suggestion is 2. Gabelli began coverage on The Home Depot in a research note on Wednesday, April 11th. Highlander Mngmt Ltd Liability Corp has invested 0.34% in The Home Depot, Inc. In response, Jefferies upgraded the stock to "hold", and issued a price-target hike to $22. Also, there are 3 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.46 average brokerage recommendation. Credit Suisse Group set a $222.00 price target on shares of The Home Depot and gave the company a "buy" rating in a research report on Monday.

In other The Home Depot news, CEO Craig A. Menear sold 113,687 shares of The Home Depot stock in a transaction that occurred on Wednesday, February 21st.

A simple moving average (SMA) is an arithmetic moving average calculated by adding the closing price of the security for some time periods and then dividing this total by the number of time periods. Its stock is also "moving above $180". The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of Symantec Corporation (NASDAQ:SYMC) are up 2.7% in electronic trading, after the software company said its accounting probe would not have any material impact on financial statements. The stock was sold at an average price of $187.32, for a total value of $3,308,071.20. The expected future increase in earnings per share ("EPS") is an incredibly important identifying an under-valued stock. The disclosure for this sale can be found here. On a yearly basis, the performance of the company's stock is projected at 21.77%, and it has been 0.82% in the last 365 days. Hedge funds and other institutional investors own 70.73% of the company's stock.

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