Analyst Upside Underscores Impressive Growth for The Home Depot, Inc. (NYSE:HD)

State Street Corp now owns 55,351,612 shares of the home improvement retailer's stock worth $7,421,539,000 after buying an additional 1,843,830 shares during the last quarter. Home Depot comprises about 2.8% of Daiwa SB Investments Ltd.'s holdings, making the stock its 6th largest position. The home improvement retailer has a strong history of beating estimates and has become a beloved retailer due to the perceived ability to avoid the Amazon (NASDAQ:AMZN) effect.

The robust housing market also helps boost the professional and trade segment of the market, according to Saunders. The stock of Home Depot Inc (NYSE:HD) earned "Buy" rating by Vetr on Wednesday, August 19. (NYSE:HD) shares have seen a move of 17.75%. Mcdaniel Terry & Co. now owns 1,669 shares of the home improvement retailer's stock worth $245,000 after buying an additional 9 shares during the last quarter. Finally, Osborn Williams & Donohoe LLC raised its stake in Home Depot by 6.5% in the first quarter. West Coast Financial LLC now owns 1,760 shares of the home improvement retailer's stock worth $226,000 after buying an additional 5 shares in the last quarter. Over the last week of the month, it was 0.37%, 12.64% over the last quarter, and 23.27% for the past six months. The 1-year range for the stock is $119.2-$158.15. Stock institutional ownership is 75.40% while insider ownership includes 0.10%. The stock has a 50 day moving average of $151.41 and a 200 day moving average of $140.45. Financial Architects has invested 0.13% in Home Depot Inc (NYSE:HD). (HD) have 1.21 billion outstanding shares now held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders. 15,000 shares were bought by VADON MARK C, worth $1.95 million on Tuesday, November 29. Sentinel Asset Mngmt stated it has 229,000 shares or 0.77% of all its holdings.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, May 16th. Eleven analysts surveyed by Zacks expected $23.74 billion. Home Depot had a net margin of 8.23% and a return on equity of 123.29%.

Elbit Systems Ltd (ESLT) slid 64 cents to $120.02 after the Israel-based aviation and homeland security technology provider said revenues in the first-quarter ending in March advanced 3.9% from a year ago to $749.2 million.

For the year, the company now projects earnings per share of $7.15, up from $7.13 previously and reaffirmed its sales and comparable-store sales growth estimates of 4.6%.

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A number of research firms recently issued reports on HD.

On the last trading day, The Home Depot, Inc. The stock's current RSI reading is at 66.01. The Home Depot, now trading 2.67% above its 20-day and 16.19% versus the 200-day simple moving averages while 5.52% compared with its 50-day simple moving average. The stock has an average rating of "Buy" and a consensus price target of $156.41. (NYSE:HD) stock have an ABR of 1.82.

"Home improvement spending still remains healthier than most areas in retail", says Jefferies analyst Dan Binder. The Firm sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services.

  • Zachary Reyes