HD - The Home Depot, Inc.
Home Depot (NYSE:HD | HD Price Prediction) and Lowe's (NYSE:LOW) both reported fiscal Q2 results in mid-August, and the earnings reports tell two different stories about the same frozen housing market.
Investors just don't understand Home Depot (HD).
A $1,000 investment in Home Depot stock made in August 2011 would be worth around $13,900 today. Strong earnings growth, bolstered by share repurchases, was key in driving the home improvement retailer's shares dramatically higher over the past decade and a half.
Home Depot reported same-store sales growth in its fiscal Q2 despite tough economic conditions. The company has raised its dividends annually since 2010.
Alpine Woods Capital Investors LLC purchased a new stake in The Home Depot, Inc. (NYSE: HD) during the undefined quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,837 shares of the home improvement retailer's stock, valued at approximately $5,585,000. Home Depot comprises approximately
Home Depot just launched nationwide three-hour delivery, joining big box competitors Target and Walmart. The move raises the stakes on same-day fulfillment as retailers try to win more e-commerce sales.
Focused Alpha LLC acquired a new stake in The Home Depot, Inc. (NYSE: HD) in the undefined quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,599 shares of the home improvement retailer's stock, valued at approximately $564,000. A number of other institutional investors have also
Citizens Financial Group Inc. RI acquired a new stake in The Home Depot, Inc. (NYSE: HD) in the undefined quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 104,640 shares of the home improvement retailer's stock, valued at approximately $36,904,000. Other large investors have also recently
Grandfield and Dodd LLC purchased a new stake in shares of The Home Depot, Inc. (NYSE: HD) in the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 4,323 shares of the home improvement retailer's stock, valued at approximately $1,525,000. Several other hedge funds and other institutional
First National Bank of Omaha acquired a new stake in The Home Depot, Inc. (NYSE: HD) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 23,950 shares of the home improvement retailer's stock, valued at approximately $8,433,000. Other institutional investors have also
Cornerstone Advisors LLC acquired a new position in shares of The Home Depot, Inc. (NYSE: HD) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 57,750 shares of the home improvement retailer's stock, valued at approximately $20,367,000. Other hedge
BlackRock Inc. acquired a new position in shares of The Home Depot, Inc. (NYSE: HD) during the undefined quarter, according to its most recent filing with the SEC. The institutional investor acquired 81,578,902 shares of the home improvement retailer's stock, valued at approximately $28,771,247,000. BlackRock Inc. owned 8.18% of Home Depot at the
The S&P 500 may have hit a new all-time high this month, but that doesn't necessarily mean consumers are feeling good about the economy. While consumer sentiment has rebounded from its historic lows, July retail sales data surprised to the downside at $763.6 billion, down 0.6% from the previous month.
Baxter Bros Inc. purchased a new position in The Home Depot, Inc. (NYSE: HD) during the undefined quarter, according to its most recent 13F filing with the SEC. The firm purchased 19,707 shares of the home improvement retailer's stock, valued at approximately $6,950,000. Other institutional investors have also recently bought and sold shares
Commerzbank Aktiengesellschaft FI acquired a new stake in The Home Depot, Inc. (NYSE: HD) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 196,803 shares of the home improvement retailer's stock, valued at approximately $69,408,000. Home Depot accounts for 1.4% of
Deutsche Bank AG bought a new stake in shares of The Home Depot, Inc. (NYSE: HD) in the undefined quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,860,316 shares of the home improvement retailer's stock, valued at approximately $1,008,776,000. Deutsche Bank AG owned
Compass Capital Management Inc. purchased a new stake in The Home Depot, Inc. (NYSE: HD) in the undefined quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 22,484 shares of the home improvement retailer's stock, valued at approximately $7,930,000. A number of other institutional investors
Focused Wealth Management Inc bought a new stake in shares of The Home Depot, Inc. (NYSE: HD) during the undefined quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,789 shares of the home improvement retailer's stock, valued at approximately $631,000.
During its second fiscal quarter, Home Depot's same-store sales rose at the fastest pace in almost four years. Demand will remain under pressure until the Kevin Warsh-led Federal Reserve takes a much more accommodative stance.
US consumers are continuing to spend, but recent results from major retailers suggest they are becoming more selective about where and how they spend their money. Walmart's sharp stock decline following its latest earnings report has added to concerns that higher prices, elevated gasoline costs, and economic uncertainty are increasingly influencing household spending.