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Home Depot announces $15 billion buyback program
06 December 2017, 07:51 | Hattie Nash
Home Depot announces $15 billion buyback program
(NYSE:HD). Ifrah Financial Ser reported 2,099 shares. It increased, as 38 investors sold The Home Depot, Inc. shares while 632 reduced holdings. Novare Capital Mngmt Limited Com stated it has 1.29% of its portfolio in The Home Depot, Inc. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. (NYSE:HD). Fulton Bank Na stated it has 0.29% of its portfolio in The Home Depot, Inc. Northern Trust Corp increased its stake in shares of Home Depot by 1.3% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 876 shares of the home improvement retailer's stock valued at $145,000 after purchasing an additional 340 shares during the last quarter.
Examining Institutional Ownership at The Home Depot, Inc. Following the transaction, the executive vice president now directly owns 62,483 shares in the company, valued at approximately $9,816,079.30. During the same period in the previous year, the business posted $1.60 earnings per share. analysts predict that Home Depot, Inc. will post 7.38 earnings per share for the current year.
But Home Depot still has a wide array of home products and is popular in the do-it-yourself and professional contracting communities. The shares were sold at an average price of $157.10, for a total value of $5,027,200.00. Oppenheimer Asset Mgmt accumulated 76,259 shares or 0.32% of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. (NYSE:HD). Hutchin Hill Limited Partnership has invested 0.51% in The Home Depot, Inc. It also reduced its holding in Liberty Media Corp Delaware by 55,000 shares in the quarter, leaving it with 95,000 shares, and cut its stake in Bhp Billiton Plc (NYSE:BBL). 2,826,177 shares of the company's stock traded hands, compared to its average volume of 4,448,647. The Home Depot Inc. has $195.0 highest and $106 lowest target. The financial firm has made a decision to place a "Buy" rating on HD stock. The company has a current ratio of 1.23, a quick ratio of 0.39 and a debt-to-equity ratio of 9.54.
Moffett Nathanson began coverage on shares of Home Depot (NYSE:HD) in a report released on Monday. The home improvement retailer reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.03. The company issued revenue guidance of +6.3% YoY to ~$100.6 billion, compared to the consensus revenue estimate of $100.68 billion. The company's revenue for the quarter was up 8.1% compared to the same quarter past year.
Among 31 analysts covering The Home Depot Inc. Manikay Partners Llc who had been investing in Pandora Media Inc for a number of months, seems to be bullish on the $1.18 billion market cap company. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th.
Investors sentiment increased to 0.95 in Q2 2017. This represents a $3.56 annualized dividend and a dividend yield of 1.98%. (HD) Ex-Dividend Date Scheduled for November 29, 2017" with publication date: "November 28, 2017. Home Depot's dividend payout ratio is now 49.44%.
HD has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Home Depot from a "buy" rating to a "hold" rating in a report on Friday, September 8th. Home Depot now has a consensus rating of Buy and a consensus price target of $177.22. Argus upped their target price on shares of Home Depot from $180.00 to $190.00 and gave the stock a "buy" rating in a report on Wednesday, November 15th. (NYSE:HD). Curbstone holds 0.63% or 6,865 shares. Aviance Mngmt Limited Liability Company has 0.08% invested in The Home Depot, Inc. Bernstein initiated The Home Depot, Inc.
WARNING: This story was first posted by StockNewsTimes and is the sole property of of StockNewsTimes. The firm 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 clients through third-party installers.
Northern Trust Corp Cuts Stake in Wal-Mart Stores, Inc. (WMT)
Following the transaction, the insider now directly owns 6,748,580 shares in the company, valued at approximately $535,499,823. In other Wal-Mart Stores news, SVP David Chojnowski sold 684 shares of the stock in a transaction dated Friday, November 17th.
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