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Enter Symbol:
 
Home Depot, Inc. (the) (HD) [hlAlert]

Rating:
Mkt Perform
HD
down 4.58 %

Home Depot, Inc. (HD) downgraded to Mkt Perform with price target $25 by FBR Capital Markets

Posted on: Wednesday,  May 20, 2009  8:25 AM ET by FBR Capital Markets

FBR Capital Markets rated Mkt Perform Home Depot, Inc. (NYSE: HD) on 05/20/2009. Previously FBR Capital Markets rated Outperform Home Depot, Inc.
(NYSE: HD) on 04/13/2009., when the stock price was $25.96. Since then, Home Depot, Inc. has lost 4.58% as of 05/20/2009's recent price of $24.77.
If you would have followed the previous FBR Capital Markets's recommendation on HD, you would have lost 4.58% of your investment in 37 days.

The Home Depot, Inc.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 105,000 square feet of enclosed space, with approximately 24,000 additional square feet of outside garden area. During the fiscal year ended February 1, 2009 (fiscal 2008), the Company had 2,233 The Home Depot stores located throughout the United States, including the Commonwealth of Puerto Rico and the territories of the United States Virgin Islands and Guam, Canada, China and Mexico. On January 26, 2009, the Company announced the closing of its EXPO, THD Design Center and Yardbirds stores.

FBR Capital Markets research group uses a highly disciplined analysis focused on intrinsic value, which we developed to critically examine the capital structure of the companies we cover, as well as their competitive positions and the growth opportunities within their industries. We apply this discipline – which helps us assess how effectively a company’s managers deploy the capital entrusted to them – not only in our published research but also when making investing and underwriting judgments.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/20/2009 8:25 AM Hold
None
24.77 25.00
as of 12/31/2009
1 Week   
1 Month   
3 Months   
1 YTD down  -4.58 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/13/2009 8:25 AM Buy
None
25.96 27.75
3/26/2009 8:25 AM Buy
None
24.14 24.75

(*) Stock Price at the time of the recommendation.
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