In pre-market trading about 30 minutes before the opening bell on Wall Street, the Dow Jones industrial average was down 45 points, or 0.3%.
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Twelve Month Chart For The Home Depot, Inc.
Home Depot Inc (NYSE:HD) traded up +1.66% during trading on Friday, hitting $136.55. First quarter same-store sales rose 6.5% worldwide and 7.4% in the U.S. This represented a 9.0 percent increase on a year-over-year basis. Profit will be about $6.27, the company said Tuesday.
Home Depot (HD) stock price target was increased this morning to $143 from $135 and its “buy” rating was maintained at Deutsche Bank.
According to The Fly, uBS analyst Michael Lasser reiterated a Buy rating on Home Depot (NYSE: HD) yesterday and set a price target of $150.
Agilent Technologies Inc (A) jumped 3.7% or $1.57 to $44.51 after the diagnostics equipment maker reported revenues in the first-quarter ending in April increased 6% from a year ago to $1.02 billion.
Attorney General Eric Schneiderman says the agreement follows investigations in 2014 that found violations at 19 of 21 Home Depot stores and 16 of 18 Lowe’s stores.
The High price target of the company’s Share is at $158.00 based on the calculations and analysis of 23 brokers.
Home Depot raised its fiscal 2016 sales guidance and now expects sales will be up approximately 6.3 percent and comp sales will be up approximately 4.9 percent.
On appliances: There’s no fear expressed from the company on new competition in the category. Chairman, CEO, and president Craig Menear stated: “We were pleased with our stronger-than-expected start to the year, driven by solid execution and broad-based growth across the store”.
Home Depot Inc boosted its sales and profit forecasts for the year after a stronger-than-expected first quarter, providing a rare dose of good news to a gloomy retail sector. It operates The Home Depot stores that sell various building materials, home improvement products, and lawn and garden products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself, do-it-for-me (DIFM), and professional customers.
Home Depot now foresees 2016 earnings of $6.27 per share. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.33 per share.
Net income in the quarter declined 14.5% to $14.2 million or $1.03 per diluted share compared to $16.6 million or $1.16 per share from the same quarter a year ago.
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Sales at existing USA locations bounced 7.4% higher – on top of a 7.1% jump in the prior-year period, beating management’s expectations.
