Home Depot Q3 earnings fall amid increased investments

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Presently, The Home Depot, Inc. shares are logging -5.62% during the 52-week period from to high price, and 42.87% higher than the lowest price point for the same timeframe.

Among 9 analysts covering Home Depot (NYSE:HD), 7 have Buy rating, 0 Sell and 2 Hold. The business has a 50-day moving average of $233.67 and a 200-day moving average of $216.05. InfoTrie also assigned press coverage about the home improvement retailer an news buzz score of 0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next several days. Robert W. Baird lifted their target price on Home Depot from $230.00 to $245.00 and gave the stock an "accumulate" rating in a report on Tuesday. Thomasville National Bank lifted its stake in Home Depot by 17.7% in the second quarter. (NYSE:HD) news were published by: Finance.Yahoo.com which released: "Why You Might Be Interested In The Home Depot, Inc".

During the last month, 16 analysts gave the stock a BUY rating, 3 of the polled analysts consider the stock should have been awarded an OVERWEIGHT rating, 12 analysts were recommending to HOLD this stock, 0 of gave the stock UNDERWEIGHT rating, and 1 of the polled analysts provided SELL rating.

Kohl's said comparable sales increased 0.4% from a year ago in the quarter ended November 2, after several quarters of declines but less than Wall Street expected. Wells Fargo & Co reaffirmed a "buy" rating and set a $260.00 target price on shares of Home Depot in a research note on Tuesday.


NEW YORK, Nov 19 (Reuters) - The Dow Jones Industrial Average and the S&P 500 fell from record levels on Tuesday as dour forecasts from retailers Home Depot and Kohl's fueled worries about consumer spending and the U.S. Donaldson Capital Management Ltd Liability has invested 3.15% in The Home Depot, Inc. Edward Jones downgraded Home Depot from a "buy" rating to a "hold" rating in a research note on Monday, November 11th. The firm has a market capitalization of $259.87 billion, a PE ratio of 22.84, a P/E/G ratio of 2.36 and a beta of 1.04.

For fiscal 2019, Home Depot modified its guidance to see an increase in sales of approximately 1.8% and an increase in comparable sales of 3.5%. The firm had revenue of $27.22 billion during the quarter, compared to analysts' expectations of $27.51 billion. Price performance for year-to-date for the company's stock appears to be pessimistic, given the fact the metric is recording 31.45%. The stock was sold at an average price of $227.15, for a total transaction of $5,203,552.20.

The company reiterated its EPS guidance of $10.03, which is below the current consensus estimate of $10.14. The firm's revenue for the quarter was up 3.5% compared to the same quarter a year ago. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The stock was sold at an average price of $220.05, for a total transaction of $2,024,460.00. Following the completion of the transaction, the chief financial officer now owns 496,374 shares of the company's stock, valued at $108,725,760.96. Over the last quarter, insiders sold 177,508 shares of company stock valued at $39,076,428. The disclosure for this sale can be found here.

Shares of Home Depot, which have rallied about 40% this year, were off about 4% during premarket trading. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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