“The [home improvement] industry is still only in the middle innings of a recovery in home remodeling projects, and Home Depot is well-positioned to exploit this opportunity”, Baugh said. However, its previous closing price was seen at $3.51.
Advertisement
A number of large investors have modified their holdings of HD.
An Office Depot spokeswoman said via email the stores are “regionally dispersed”, but declined to share any more details on the concept.
The Office Depot Board has approved the initiation of a quarterly cash dividend. Boothbay Fund Management LLC boosted its stake in shares of The Home Depot by 0.6% in the first quarter.
Tesla Motors (TSLA) is in the processing of acquiring SolarCity in a stock deal valued at about $2.6 billion, or $25.37 a share. Home Depot Inc makes up approx 1.37% of Trust Department Mb Financial Bank N A’s portfolio.Patton Albertson Miller Group reduced its stake in HD by selling 165 shares or 7.91% in the most recent quarter. Lowe’s stock is above buy range after initially breaking out in May.
Home Depot shares were virtually unchanged at 138.70. Company has a market cap of $171,972 M.
The Home Depot Inc. Associated Banc Corp now owns 5,098 shares of the home improvement retailer’s stock worth $680,000 after buying an additional 36 shares during the last quarter.
Alibaba shares were down 0.3% at 84.10 in premarket trading on the stock market today, still near an 86.52 buy point. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Its Senior Vice President & CFO Kalathur Rajesh sold 4,366 company shares for $347000.18, in a transaction on 2015-12-02.
HD has been the topic of several other reports. The stock now has a consensus rating of “Hold” and an average price target of $6.64. The stock’s price moved above its 200 day moving average of $8.73.
The Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, May 17th. The Corporation has average brokerage recommendation (ABR) of 0 based on consensus of the brokerage firms issuing ratings. During the same period past year, the business earned $1.16 EPS. The company reported $0.03 earnings per share for the quarter, missing the analyst consensus estimate by $-0.03. During the same quarter in the prior year, the firm posted $0.06 earnings per share. The stores are roughly 15,000 square feet, far smaller than than the typical Office Depot, which clocks in at 20,000 square feet. The Company sells products and services to consumers through three segments: North American Retail Division, North American Business Solutions Division and International Division.
Advertisement
Office Depot plans to close an additional 300 stores over the next three years.
