Home Depot's quarterly profit jumps 10 percent

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

Home Depot's quarterly profit jumps 10 percent

Alexandria Cap Lc reported 0.02% in Home Depot Inc (NYSE:HD). The institutional investor owned 120,900 shares of the home improvement retailer's stock after selling 5,940 shares during the quarter.

In recent action, The Home Depot, Inc. Meag Munich Ergo Kapitalanlagegesellschaft Mbh owns 0.96% invested in Home Depot Inc (NYSE:HD) for 142,707 shares. It improved, as 38 investors sold HD shares while 632 reduced holdings. Finally, Gordon Haskett started coverage on shares of Home Depot, Inc. (The) by 1.1% during the second quarter. BP PLC now owns 179,000 shares of the home improvement retailer's stock valued at $27,459,000 after acquiring an additional 25,000 shares in the last quarter. Benin Corporation has invested 0.19% of its portfolio in Home Depot Inc (NYSE:HD).

Revenue was up 8 percent, to $25.03 billion, as Home Depot's sales per square foot also grew almost 8 percent year-over-year. $4.86M worth of Home Depot Inc (NYSE:HD) was sold by Lennie William G. (The) by 13.3% in the second quarter. Pineno Levin & Ford Asset Management Inc. now owns 2,725 shares of the home improvement retailer's stock valued at $400,000 after buying an additional 9 shares in the last quarter. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) clients and professional customers. (The) by 0.4% during the 1st quarter. Alexandria Capital LLC now owns 1,250 shares of the home improvement retailer's stock valued at $160,000 after buying an additional 22 shares in the last quarter. Janney Capital Management LLC lifted its stake in Home Depot, Inc. American International Group Inc owns 358,325 shares valued at $58,608,000.

Centre Asset Management Llc decreased Home Depot Inc (HD) stake by 7.17% reported in 2017Q2 SEC filing. Looking at the stock's movement on the chart, The Home Depot, Inc. recorded a 52-week high of $167.94. Citigroup maintained MTGE Investment Corp (NASDAQ:MTGE) on Wednesday, August 17 with "Neutral" rating. The firm earned "Buy" rating on Monday, July 24 by RBC Capital Markets. The rating was maintained by Maxim Group with "Buy" on Thursday, August 3. As per Wednesday, August 19, the company rating was upgraded by Zacks. Oppenheimer Holdings, Inc. set a $178.00 price target on Home Depot, Inc. Argus Research maintained the shares of EL in report on Thursday, November 2 with "Buy" rating. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have issued a buy rating to the company.

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Bank of America Corporation raised the price target on November 8 boosting the projection from $170.00 to $190.00 and stated a "Buy" rating. 5,113,496 shares of the stock were exchanged. In terms of recent volatility, the average for the month is 1.15% and 1.03% for the past week. Following the completion of the sale, the executive vice president now owns 33,147 shares in the company, valued at approximately $4,984,977.33. Also, EVP Teresa Wynn Roseborough sold 15,000 shares of the stock in a transaction on Monday, August 21st. The stock is trading $162.41 its 50-day moving average by -1.7%. The hedge fund held 30,762 shares of the consumer services company at the end of 2017Q2, valued at $4.72 million, up from 7,509 at the end of the previous reported quarter. First Manhattan Company accumulated 29,892 shares or 0.04% of the stock. Tiaa Cref Invest Management Llc owns 8.78 million shares. State Street Corp increased its position in Home Depot, Inc. If you are reading this news story on another site, it was illegally stolen and republished in violation of United States and global trademark and copyright legislation. The original version of this news story can be viewed at https://weekherald.com/2017/11/13/home-depot-inc-hd-is-macguire-cheswick-tuttle-investment-counsel-llcs-4th-largest-position.html. Private Asset Mgmt Incorporated holds 2.58% or 104,237 shares. (NYSE HD) opened at $164.11 on Monday. 3,554,200 shares of the company's stock traded hands, compared to its average volume of 3,588,330. The company has a market capitalization of $193,455.83, a PE ratio of 23.58, a P/E/G ratio of 1.65 and a beta of 1.08. On Wednesday, May 17 Carey Matt sold $2.30 million worth of Home Depot Inc (NYSE:HD) or 14,680 shares.

Home Depot's quarterly same-store sales blew past analysts' estimates again, as the home improvement retailer saw customer transactions increase, and shoppers on average have been spending more across its stores. Home Depot, Inc. (The) had a net margin of 8.63% and a return on equity of 192.30%. They expect $1.80 EPS, up 12.50% or $0.20 from last year's $1.6 per share. The company's revenue was up 6.6% on a year-over-year basis.

About Home Depot, Inc. Finally, Alliancebernstein L.P. increased its position in Home Depot, Inc.

Homeowners face the likelihood of severely damaged properties, as a result of Hurricane Harvey and Hurricane Irma, necessitating the requirement for home improvement equipment and materials.

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