Home Depot Inc (HD) reported quarterly earnings results on Tuesday, May-17-2016. The company said it had a profit of $1.44 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.09. Analysts had a consensus of $1.35. The company posted revenue of $22762.00 million in the period, compared to analysts expectations of $22389.43 million. The company’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.16 EPS.
Many Wall Street Analysts have commented on Home Depot Inc. Barclays Initiated Home Depot Inc on Mar 31, 2016 to “Overweight”, Price Target of the shares are set at $150.
Home Depot Inc opened for trading at $133.84 and hit $136.55 on the upside on Monday, eventually ending the session at $135.34, with a gain of 1.66% or 2.21 points. The heightened volatility saw the trading volume jump to 83,94,783 shares. Company has a market cap of $169,574 M.
In a different news, on Dec 11, 2015, Linda R Gooden (director) purchased 380 shares at $132.13 per share price. According to the SEC, on Dec 11, 2015, Timothy M Crow (EVP – Human Resources) sold 34,386 shares at $133.68 per share price. On Dec 11, 2015, Gerard J Arpey (director) purchased 1,000 shares at $134.13 per share price, according to the Form-4 filing with the securities and exchange commission.
The Home Depot Inc. (The Home Depot) is a home improvement retailer. The Home Depot stores sell an assortment of building materials home improvement products and lawn and garden products and provide services. The Home Depot stores average approximately 104000 square feet of enclosed space with approximately 24000 additional square feet of outside garden area. The Home Depot stores serve three primary customer groups: do-it-yourself (DIY) customers do-it-for-me (DIFM) customers and professional customers. As of December 31 2014 the Company had 2269 The Home Depot stores which included 1977 stores in the United States including the Commonwealth of Puerto Rico and the territories of the United States Virgin Islands and Guam; 181 stores in Canada and 111 stores in Mexico.