Home Depot announces $15 billion buyback program


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Quantitative Systematic Strategies LLC now owns 19,718 shares of the home improvement retailer's stock valued at $3,001,000 after acquiring an additional 2,139 shares during the period.

There was no empirical evidence to suggest that tax deductibility influences the rate of home ownership, Home Depot's Chief Financial Officer Carol Tome said, because only 5 percent of mortgages are more than $500,000, the proposed cap for tax deductions. The Home Depot, Inc. has a quick ratio of 0.4 measuring its ability to meet its short term obligations with its most liquid assets.

The Home Depot, Inc (The Home Depot) is a home improvement retailer. St. Johns Investment Management Company LLC now owns 1,100 shares of the home improvement retailer's stock worth $169,000 after purchasing an additional 495 shares during the period.

COPYRIGHT VIOLATION WARNING: "Renaissance Group LLC Sells 5,918 Shares of Home Depot, Inc". Sawgrass Asset Mgmt Llc holds 2.33% or 334,963 shares in its portfolio. (NYSE:HD). Everett Harris And Ca invested 0.13% in The Home Depot, Inc.

The retailer's shares fell 1.4 percent to $180.22 on the New York Stock Exchange as its latest buyback target pointed to a slowdown in the pace of repurchases. (NYSE:HD). Kings Point Cap Mngmt reported 1,486 shares.

The company holds a market cap of 213568.81 with a P/E of 25.38 indicating whether its share price properly reflects its performance. HD's latest closing price was 16.24% away from the average price of 200 days while it maintained a distance of 8.66% from the 50 Day Moving Average and 6.88% away compared to its SMA 20. Home Depot, Inc. has a 52-week low of $128.68 and a 52-week high of $186.31. Wedgewood Investors Pa stated it has 0.71% in The Home Depot, Inc.

The company reported its last earnings Actual EPS of $1.84/share. The Return on Equity (ROE) value stands at 238.9%. The company had revenue of $25.03 billion for the quarter, compared to the consensus estimate of $24.53 billion. The company's revenue for the quarter was up 8.1% compared to the same quarter previous year.

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The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Nbt Comml Bank N A NY holds 0.27% or 10,787 shares in its portfolio. This represents a $3.56 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Tuesday, May 30th. Oppenheimer maintained The Home Depot, Inc. HD has been the subject of several recent research reports. These risks and uncertainties include but are not limited to those described in Item 1A, "Risk Factors", and elsewhere in our Annual Report on Form 10-K for our fiscal year ended January 29, 2017 and in our subsequent Quarterly Reports on Form 10-Q. The company has an average rating of "Buy" and a consensus price target of $177.22. Viking Fund Management Ltd reported 0.05% of its portfolio in The Home Depot, Inc. Morgan Stanley raised shares of Home Depot from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $150.00 to $165.00 in a research report on Thursday, February 23rd. Eastern Retail Bank holds 1.43% or 126,546 shares.

As of now, the increased share price of The Home Depot, Inc. makes it a lucrative buy for investors.

Analysts have given a mean recommendation of 1.90 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). The stock now has a consensus rating of "Buy" and an average price target of $177.22.

In other news, EVP Matt Carey sold 32,000 shares of the business's stock in a transaction that occurred on Thursday, September 7th. If a stock does not have good liquidity then it may take some time before a broker is able to negotiate a deal to buy or sell a stock and the broker may not be able to get the sell or buy price that the trader is looking for.

Financial companies have announced share buybacks this week. Also, Director Wayne M. Hewett bought 350 shares of the stock in a transaction dated Wednesday, May 17th. It intends to repurchase an additional $2.1 billion of shares in the fourth quarter, it said, bringing total fiscal 2017 share repurchases to $8 billion. The disclosure for this purchase can be found here. The stock traded with the average Volume of 4.57 Million at the end of last session.

Since June 15, 2017, it had 0 buys, and 1 insider sale for $171,774 activity.

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