The Home Depot, Inc. (NYSE:HD) [Trend Analysis] has kept up with the changing appetite, stock decreased around -1.32% in early session as it gain volume of 3.36 Million shares as compare to its average volume of around 4 million shares and then traded at $133.97. The Home Depot (HD) released on Tuesday that its net earnings for the first quarter of fiscal 2016 of $1.8 billion, or $1.44 per share as compared to $1.6 billion, or $1.21 per share, in the same period of fiscal 2015. For the first quarter of fiscal 2016, eps surged 19.0 percent from the same period in the previous year. On average, 24 analysts polled by Thomson Reuters predictable the firm to report profit per share of $1.36 for the quarter. Analysts’ anticipates typically exclude special items.
The Home Depot lifted its fiscal 2016 sales outlook and now anticipates sales will be up around 6.3% and comp sales will be up about 4.9 percent. The firm also raised its earnings-per-share guidance for the year and now expects eps to grow about 14.8 percent from fiscal 2015 to $6.27. In February, the firm projected: sales growth of about 5.1 to 6.0 percent; same store sales growth of about 3.7 to 4.5 percent; and earnings-per-share growth following anticipated share repurchases of about 12 percent to 13 percent, or $6.12 to $6.18. Analysts expect the firm to report fiscal 2016 profit per share of $6.23.
Moving toward the volatility measures, the price volatility of stock was 1.82% for a week and 1.48% for a month as well as price volatility’s Average True Range for 14 days was 2.07. The beta, which indicates risk in relegation to the market, remained 0.92. The firm past twelve months price to sales ratio was 1.93 and price to cash ratio remained 77.04. As far as the returns are concern, the return on equity was recorded as 88.20% and return on investment was 28.10%, while its return on asset stayed at 16.20%.
For current month, 3 analyst from pool recommended for an “overweight” rating, while 17 gave rating of “Buy” and 9 analysts suggest to “Hold” and 0 gave preference to “underweight,” according to research rating by WSJ.
While alarming thing to be notice is price target, the average pool price target for HD has been mentioned as; 156.00 tends to high price target, medium level touched to 145.00, and 120.00 was assigned as lowest share price targets. To accommodate all of these, average analyst price target appeared by 144.28, where as the current price is 135.34, as per research conducted by WSJ.
The liquidity measure in recent quarter results of company was recorded 1.40 as current ratio, on the other side the debt to equity ratio was 3.37. The Company has gross margin of 34.20% and profit margin was positive 7.90% in trailing twelve months.
The Home Depot, Inc. (NYSE:HD) is ahead its 52 week low with 46.73%and going down from its 52 week high price with -3.33%. The company’s shares performance for the last one month was 0.24% and -0.66% in the previous week. The stock price of firm is moving down from its 20 days moving average with -1.35% and remote isolated positively from 50 days moving average with 0.14%.