Home Depot, Inc. (The) (NASDAQ:HD) Expected To Report Earnings On Tuesday

Home Depot, Inc. (The) (NYSE:HD) closed with a change of 0.46%

The stock is now up almost 20% this year, making it one of the top performers in the Dow this year - along with Apple, McDonald's and Visa. West Coast Financial LLC raised its position in Home Depot by 0.3% in the third quarter. After a recent check, company stock has been trading near the $157.04 mark. Thomas J. Herzfeld Advisors Inc. bought a new stake in Home Depot during the fourth quarter worth about $131,000. During the same quarter in the previous year, the firm earned $1.17 earnings per share. Inc. now owns 745 shares of the home improvement retailer's stock valued at $109,000 after buying an additional 397 shares during the period. HD also raised its diluted earnings-per-share growth guidance for the year and now expects diluted earnings-per-share growth after anticipated share repurchases of approximately 11% from fiscal 2016 to $7.15.

Home Depot cut its shares outstanding nearly in half in the last 12 years. Stelac Advisory Ser Limited Co owns 0.23% invested in Home Depot Inc (NYSE:HD) for 5,233 shares. Bank of New York Mellon Corp now owns 15,467,418 shares of the home improvement retailer's stock worth $1,990,348,000 after buying an additional 410,547 shares during the last quarter. BlackRock Group LTD now owns 10,284,651 shares of the home improvement retailer's stock worth $1,323,430,000 after buying an additional 100,986 shares during the last quarter. Institutional investors and hedge funds own 71.53% of the company's stock. RBC Capital Markets maintained Home Depot Inc (NYSE:HD) on Wednesday, November 16 with "Outperform" rating. About 37,804 shares traded. The company was initiated on Tuesday, May 24 by Topeka Capital Markets. The stock has a 50 day moving average of $150.81 and a 200-day moving average of $139.69. (NYSE:HD) is now trading 0.78% below its 52-week-high, 31.64% above its 52-week-low and in the range of $145.76-$158.15 over the past month.

Home Depot's first quarter sales rose 4.9% to $23.9 billion, beating analyst estimates. Home Depot had a net margin of 8.23% and a return on equity of 123.29%. The company had revenue of $22.21 billion during the quarter, compared to analysts' expectations of $21.74 billion.

The company reported an impressive total revenue of 94.6 Billion in the last fiscal year. Operating income of $3.35 billion was up 8.8% year over year and net profit rose 11.7% to $2.01 billion.

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HD has been the topic of a number of research analyst reports. Finally, Jefferies Group LLC boosted their price target on Home Depot from $167.00 to $182.00 and gave the stock a "buy" rating in a research report on Friday. 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.

FILE - In this Wednesday, May 18, 2016, file photo, people approach an entrance to a Home Depot store in Bellingham, Mass. At recent closing price of $32.22, IVZ has a chance to add $3.23 or 10.02% in 52 weeks, based on mean target price ($35.45) placed by analysts.The analyst consensus opinion of 2.1 looks like a hold.

Traditional interpretation and usage of the RSI is that RSI values of 70 or above indicate that a security is becoming overbought or overvalued, and therefore may be primed for a trend reversal or corrective pullback in price.

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