Home Depot Stock Stock Near All Time Highs Nearing Earnings
Ticker.tv News | Aug 15, 2016 05:25AM ET
The Home Depot, Inc
The Home Depot Inc (NYSE:HD). , the largest home-improvement retailer in America is set to report earnings on August 16th 2016 before the market opens for trading. The stock is trading near its all-time highs as the American economy vacillates between economic reports that show conflicting information depending upon the season we are in. Some indicate a robust retail recovery and some indicate a more lackluster sluggish consumer spending environment. Make no mistake about it though, Americans love to work on their own homes as evidenced in the stock charts for both Home Depot and its biggest rival competitor Lowe’s Companies Inc (NYSE:LOW).
The Chart Of Daily and Weekly Prices
Please see the above daily price chart for Home Depot going back to the beginning of 2016. You will note how the stock is holding up considerably well above the 50 period moving average in yellow dots.
Above is the weekly price chart for Home Depot going back to the middle of 2013. Notice the strong 45 degree angle of upward prices above the yellow dots-this is the 50 period moving average which indicates a strong trend that is in place where many mutual fund and hedge fund investors like to add to or initiate long positions.
h3 Analysts Expectations/h3Analysts expect Home Depot’s 2Q16 sales to increase by about 7.3% to $26.5 billion. Rising home improvement spending is likely to benefit the house improvement retailer’s ( -Marketrealist
h3 Some Home Depot Fun Facts/h3The average size of a Home Depot retail store is 105,000 square feet.
The largest Home Depot store is 225,000 square feet and is located in Union, NJ.
Home Depot is not only the largest home improvement retail store chain in the U.S., but it is also the largest home improvement retailer in Canada and Mexico.
The Home Depot founders created a Customer Bill of Rights which entitled them to “right assortment, quantities and price, along with trained associates on the sales floor who want to take care of customers.”
Home Depot conducts free Kids Workshop clinics at its stores. More than one million children have built their first toolbox at these workshops.
The Home Depot Garden Club is the largest garden club in the world.
Since 1992, Home Depot has employed 570 Olympic hopefuls in its Olympic Job Opportunity Program. The program provided athletes with benefits and flexibility for training and competition. The program was discontinued in 2009. -About.com
h3 Company Profile/h3
Get The News You Want
The Home Depot, Inc. operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, and lawn and garden products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself, do-it-for-me (DIFM), and professional customers. The company offers installation programs that include flooring, cabinets, countertops, water heaters, and sheds; and professional installation in various categories sold through its in-home sales programs, such as roofing, siding, windows, cabinet refacing, furnaces, and central air systems, as well as acts as a contractor to provide installation services to its DIFM customers through third-party installers. It primarily serves home owners; and renovators/remodelers, general contractors, repairmen, installers, small business owners, and tradesmen. The company also sells its products through online. As of December 31, 2015, it had 2,274 stores, including 1,977 in the United States, 182 in Canada, and 115 in Mexico. The Home Depot, Inc. was founded in 1978 and is based in Atlanta, Georgia.
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