Home Depot posts 3Q profit, results beat Wall Street forecasts

Analysts polled by Reuters expected the company to post earnings per share of $1.32 on revenue of $21.82 billion. The company’s revenue was up 16.9% on a year-over-year basis.

Since falling to a September low of around $66, Lowe’s (LOW – Get Report) has made several new highs, climbing as much as 12%.

Home Depot shares have risen 15 percent since the beginning of the year, while the Standard & Poor’s 500 index has stayed almost flat.

Home Depot (NYSE:HD) traded up 0.08% on Monday, reaching $120.10. The 50-day moving average is $121.85 and the 200 day moving average is recorded at $115.86. The rating is an average of the various different ratings given by analysts and brokers to Home Depot Incorporated, and then averaged into one rating by a team of analysts at Zacks in Chicago, Illinois. 4,625,116 shares of the company traded hands. (HD) on Tuesday reported fiscal third-quarter earnings of $1.73 billion.

The Atlanta-based company also updated its guidance.

The company has spent $3,423 million cash to carry out financing activities during the nine month period as against cash outgo of $5,211 million in the previous year period. Finally, Credit Suisse raised their price target on Home Depot from $120.00 to $135.00 and gave the company an “outperform” rating in a research report on Tuesday, August 18th.

S&P Equity Research reiterated a Hold rating with a $130 price target. The company comfortably surpassed all the analysts’ expectations. The total value of the transaction was worth $730,800. Following the completion of the transaction, the executive vice president now owns 24,203 shares of the company’s stock, valued at approximately $2,947,925.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

eBay Inc. (EBAY) of the Services sector (Specialty Retail, Other) is up 0.53% already this morning, a change from open of 0.60%. eBay Inc. (NYSE:HD) is a home improvement retailer. The Home Depot stores sell an assortment of building materials, home improvement and lawn and garden products and provide a number of services. The Home Depot stores average approximately 104,000 square feet of enclosed space, with approximately 24,000 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) professional customers and customers. It has 2,270 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico.