Home Depot Inc (NYSE:HD): Institutional Investor Sentiment Down to 1.04

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Sentiment for Home Depot Inc (NYSE:HD)

Home Depot Inc (NYSE:HD) institutional sentiment decreased to 1.04 in Q2 2019. Its down -0.06, from 1.1 in 2019Q1. The ratio has dropped, as 680 institutional investors increased or opened new positions, while 656 decreased and sold their stock positions in Home Depot Inc. The institutional investors in our partner’s database now possess: 734.39 million shares, up from 734.02 million shares in 2019Q1. Also, the number of institutional investors holding Home Depot Inc in their top 10 positions increased from 135 to 151 for an increase of 16. Sold All: 54 Reduced: 602 Increased: 545 New Position: 135.

The Home Depot, Inc. operates as a home improvement retailer. The company has market cap of $255.81 billion. 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 , and professional customers. It has a 23.34 P/E ratio. The firm offers installation programs that include flooring, cabinets, countertops, water heaters, and sheds; and professional installation in various categories sold through its in-home sales programs, such as roofing, siding, windows, cabinet refacing, furnaces, and central air systems, as well as acts as a contractor to provide installation services to its DIFM clients through third-party installers.

The stock increased 0.05% or $0.13 during the last trading session, reaching $233.93. About 2.30 million shares traded. The Home Depot, Inc. (NYSE:HD) has risen 8.32% since September 13, 2018 and is uptrending. It has outperformed by 8.32% the S&P500.

Analysts await The Home Depot, Inc. (NYSE:HD) to report earnings on November, 12. They expect $2.52 EPS, up 0.40 % or $0.01 from last year’s $2.51 per share. HD’s profit will be $2.76B for 23.21 P/E if the $2.52 EPS becomes a reality. After $3.17 actual EPS reported by The Home Depot, Inc. for the previous quarter, Wall Street now forecasts -20.50 % negative EPS growth.

Brookmont Capital Management holds 22.1% of its portfolio in The Home Depot, Inc. for 176,718 shares. Garnet Equity Capital Holdings Inc. owns 40,000 shares or 10.83% of their US portfolio. Moreover, Provident Trust Co has 7.82% invested in the company for 1.10 million shares. The Denmark-based C Worldwide Group Holding A S has invested 7.51% in the stock. Bluespruce Investments Lp, a Illinois-based fund reported 770,272 shares.

The Home Depot, Inc. (NYSE:HD) Ratings Coverage

Ratings analysis reveals 71% of Home Depot’s analysts are positive. Out of 7 Wall Street analysts rating Home Depot, 5 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $20000 while the high is $24600. The stock’s average target of $226.75 is -3.07% below today’s ($233.93) share price. HD was included in 17 notes of analysts from March 20, 2019. The firm earned “Outperform” rating on Wednesday, August 14 by Wells Fargo. Robert W. Baird maintained it with “Outperform” rating and $23000 target in Wednesday, August 21 report. The firm has “Overweight” rating given on Monday, April 15 by Morgan Stanley. The stock has “Buy” rating by Citigroup on Monday, April 1. On Wednesday, August 21 the stock rating was maintained by Citigroup with “Buy”. The firm has “Neutral” rating given on Wednesday, August 21 by Wedbush. The company was maintained on Wednesday, August 21 by UBS. The stock of The Home Depot, Inc. (NYSE:HD) has “Overweight” rating given on Thursday, August 22 by Morgan Stanley. The firm has “Neutral” rating by Credit Suisse given on Wednesday, August 21.

More notable recent The Home Depot, Inc. (NYSE:HD) news were published by: Finance.Yahoo.com which released: “What Do Analysts Think About The Home Depot, Inc.’s (NYSE:HD) Future? – Yahoo Finance” on July 01, 2019, also Seekingalpha.com with their article: “BAML still cautious on Home Depot – Seeking Alpha” published on August 20, 2019, Fool.com published: “Lowe’s Closes In on Home Depot – Motley Fool” on August 21, 2019. More interesting news about The Home Depot, Inc. (NYSE:HD) were released by: Seekingalpha.com and their article: “Home Depot Q2 2020 Earnings Preview – Seeking Alpha” published on August 19, 2019 as well as Finance.Yahoo.com‘s news article titled: “Why You Might Be Interested In The Home Depot, Inc. (NYSE:HD) For Its Upcoming Dividend – Yahoo Finance” with publication date: August 30, 2019.

The Home Depot, Inc. (NYSE:HD) Institutional Positions Chart

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