Renaissance Group LLC Sells 5918 Shares of Home Depot, Inc

Renaissance Group LLC Sells 5918 Shares of Home Depot, Inc

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Sales in the most recent quarter surged, thanks in part to rebuilding efforts after a pair of devastating hurricanes hit Texas and Florida, and wildfires consumed entire neighborhoods in the West.

Investors sentiment increased to 0.95 in Q2 2017. The home improvement retailer reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.03. Mascoma Wealth Management LLC grew its position in Home Depot by 0.6% in the 2nd quarter. Reilly Financial Advisors Llc bought 20,437 shares as the company's stock rose 9.30% with the market. Jennison Associates LLC increased its stake in Home Depot by 14.4% in the second quarter. Paragon Wealth Strategies LLC now owns 1,825 shares of the home improvement retailer's stock worth $280,000 after purchasing an additional 7 shares in the last quarter. Telos Mngmt holds 0.16% in The Home Depot, Inc. Empire Life Investments Inc. now owns 957 shares of the home improvement retailer's stock valued at $157,000 after buying an additional 670 shares during the last quarter.

A number of equities research analysts have issued reports on the stock.

The Home Depot, Inc (The Home Depot) is a home improvement retailer. The stock has "Buy" rating by BMO Capital Markets on Wednesday, September 13. The rating was maintained by Telsey Advisory Group with "Outperform" on Monday, December 4.

Home Depot (NYSE:HD) sets long-term targets as part of its investor and analyst day event today. S&P Research maintained the stock with "Hold" rating in Wednesday, August 19 report. (HD)-16 analysts issued Buy for the stock, 9 analysts gave Outperform rating, 9 think it's a Hold, 0 issued Underperform, while 0 analyst gave a Sell rating. While 20-Day Moving Average VS Current Price shows "Buy" Signal. Home Depot Inc has a 52-week low of $119.20 and a 52-week high of $160.86. Given that its average daily volume over the 30 days has been 4.57 million shares a day, this signifies a pretty significant change over the norm. American Beacon Advisors Inc. acquired a new stake in shares of Home Depot during the first quarter valued at about $100,000. (NYSE:HD). Moreover, Kistler has 0.1% invested in The Home Depot, Inc.

So although The Home Depot, Inc. forecast PE of 25.38 is attractive, when taken with Services sector ratio of 25.01 the asset is still overvalued.

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Though current ratio to gauge the solvency of a company is always not advocated, since it is easily manipulated, with CR of 1.2 company has at least twice as many interim assets than interim liabilities. Current value of outstanding shares stand at $213568.81 M, further The Home Depot, Inc.is one of the predictable Services companies in the world with consistency in financial performance.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 14th.

Kellogg W K Foundation Trust holds 96.92% of its portfolio in Kellogg Company for 67.93 million shares. The ex-dividend date of this dividend is Wednesday, November 29th. The stock witnessed -12.1% declines, -24.26% declines and -44.2% declines for the 1-month, 3-month and 6-month period, respectively. The broad Home Improvement Stores industry boasts an average P/S ratio of 1.44, which is significantly better than the sector's 2967.92.

Home Depot announced that its board has authorized a share repurchase plan on Wednesday, December 6th that permits the company to buyback $15.00 billion in shares. This repurchase authorization permits the home improvement retailer to reacquire shares of its stock through open market purchases. Amalgamated Commercial Bank owns 141,806 shares. Zacks Investment Research's earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Home Depot. The shares were sold at an average price of $156.79, for a total value of $14,214,738.19. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

The stock increased 0.19% or $0.13 during the last trading session, reaching $68.1.

COPYRIGHT VIOLATION NOTICE: This news story was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this article on another site, it was illegally stolen and reposted in violation of United States and global copyright & trademark legislation. Finally, Cable Hill Partners LLC increased its stake in Home Depot by 10.4% in the third quarter.

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