Why Home Depot Got Hammered After Earnings

Home Depot delivers mixed 1Q results

Fourth quarter profit came in at $1.52 per share on revenue of $23.9 billion. Johnson Inv Counsel has 0.15% invested in The Home Depot, Inc. (NYSE:HD) for 883 shs.

The Home Depot, Inc operates as a home improvement retailer. (NYSE:HD) reached 32.46% versus a 1-year low price of $144.25. Moreover, Castleark Ltd Liability Corporation has 0.72% invested in The Home Depot, Inc. (NYSE:HD). Schwab Charles Inv Mgmt accumulated 6.18 million shares. First Western Capital Company reported 30,149 shares. The Home Depot had a return on equity of 306.73% and a net margin of 8.55%. HM Payson & Co. lifted its holdings in The Home Depot by 88.2% during the 3rd quarter.

The decline in USA equities came after Home Depot stated first-quarter earnings that beat Wall Street's expectations, but its sales missed estimates thanks to what the company categorized as a "slow start" to spring sales. Leisure, California-based fund reported 16,795 shares.

Since December 7, 2017, it had 2 insider purchases, and 5 insider sales for $36.57 million activity. Jefferies Group reaffirmed a "buy" rating and issued a $223.00 price objective on shares of The Home Depot in a research note on Monday, February 5th. (NYSE:HD) for 2,388 shs. Over the last three months, insiders sold 169,027 shares of company stock worth $31,220,882. 37,680 shs valued at $7.02 million were sold by Campbell Ann Marie on Thursday, February 22. Achmea Investment Management B.V. now owns 195,398 shares of the home improvement retailer's stock valued at $34,824,000 after acquiring an additional 6,051 shares in the last quarter. Menear Craig A sold $20.89 million worth of The Home Depot, Inc. The 12-month consensus price target on the shares is $211.24. S&P Research maintained The Home Depot, Inc.

Total analysts of 20 have positions in Home Depot (NYSE:HD) as follows: 16 rated it a "Buy", 0 with "Sell" and 4 with "Hold". Therefore 80% are positive.

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The 52-week low presently is 32.46%, and the 52-week high is now set up at -7.96%.

Atlanta, Georgia, May 15, 2018-The Home Depot reported a sales increase of 4.4% for Q1 2018, compared to Q1 2017. Finally, Zacks Investment Research raised The Home Depot from a "hold" rating to a "buy" rating and set a $205.00 price objective on the stock in a research report on Tuesday, February 6th. Markel invested 3.29% of its portfolio in The Home Depot, Inc. (NYSE:HD) earned "Buy" rating by Argus Research on Wednesday, November 18. Stifel Nicolaus maintained The Home Depot, Inc. On Wednesday, February 21 the company was maintained by Wedbush. It is also used in ranking the parallel size of stock exchanges, is a measure of the total of the market capitalizations of all companies listed on each stock exchange. (NYSE:HD) has "Overweight" rating given on Tuesday, November 28 by Atlantic Securities. BMO Capital Markets has "Outperform" rating and $213 target. (NYSE:HD) on Friday, October 13 with "Buy" rating. HD outperformed the S&P500 by 7.39%. But while the home improvement retailer might have disappointed some investors, its performance, outlook, and current valuation are actually rather attractive. The company has market cap of $217.80 billion. As of now, TRN has a P/S, P/E and P/B values of 1.42, 25.83 and 1.15 respectively.

It also engages in the provision of home maintenance, installation, as well as professional service programs to customers. Its quick ratio for the most recent quarter is 1.40. The company said sales of things like interior doors, bath fixtures, and interior paint have been strong, along with its contractor business. The retailer delivered first-quarter earnings on Tuesday, and the results proved to be a mixed bag. Labor shortages have also slowed the building of new homes. Wells Fargo began coverage on The Home Depot in a report on Monday, April 23rd.

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