Home Depot announces $15 billion buyback program

Home Depot

Investors of record on Thursday, November 30th will be given a dividend of $0.89 per share. Its up 0.12, from 0.83 in 2017Q1. This buyback authorization authorizes the home improvement retailer to buy shares of its stock through open market purchases.

The most recent non open market insider trade was completed by CAMPBELL ANN MARIE on 09/24/2017, and was a disposition of 671 shares with a final price of $159.97. The home improvement retailer reported $1.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.81 by $0.03.

The Home Depot Inc. will detail plans on improving the experience of customers in stores and its delivery capabilities. The company has a market cap of $213.57 Billion. They are also projecting the Low EPS estimate of $1.31 and the High EPS estimate of $1.38. Cap Wealth Planning Ltd Co reported 176,576 shares. 3,445 were accumulated by Palisades Hudson Asset Lp. The institutional investor held 45,871 shares of the consumer services company at the end of 2017Q2, valued at $7.04 million, down from 48,584 at the end of the previous reported quarter.

A number of analysts offered their Estimated Earnings analysis for The Home Depot, Inc.

The stock now shows its YTD (Year to Date) performance of 36.37 percent, whereas its Weekly performance stands at 3.56%. Grimes & Co reported 4,471 shares. Nordea Investment Management Ab reported 1.81 million shares or 0.7% of all its holdings. Inc. grew its stake in Home Depot by 32.2% during the 1st quarter. (NYSE:HD) or 254,280 shares. American Beacon Advisors Inc. acquired a new stake in Home Depot in the first quarter worth $100,000. State Street Corp now owns 55,747,883 shares of the home improvement retailer's stock valued at $8,185,463,000 after acquiring an additional 396,271 shares during the last quarter. Shine Investment Advisory Svcs owns 309 shares. On Saturday, August 29 the stock rating was downgraded by Vetr to "Buy". Oppenheimer maintained The Home Depot, Inc. (NYSE:HD) now has a "Buy" signals on Composite indicators by TrendSpotter. Therefore 74% are positive.

The Home Depot, Inc.'s average Free Cash Flow per Share Growth Rate was 22 percent during the past 12 months. While 20-Day Moving Average VS Current Price shows "Buy" Signal.

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Sell side analysts plays vital role in buying and selling a stock where 6 analysts rated The Home Depot, Inc. Jefferies maintained The Home Depot, Inc. Credit Suisse Group set a $171.00 price target on shares of Home Depot and gave the stock a "buy" rating in a report on Friday, October 13th. The firm has "Buy" rating given on Wednesday, August 17 by Citigroup. (NYSE:HD) rating on Tuesday, August 15. The firm has "Outperform" rating by RBC Capital Markets given on Wednesday, November 16. Finally, Atlantic Securities upgraded Home Depot from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $174.16 to $174.95 in a research note on Tuesday, November 28th.

In related news, EVP Matt Carey sold 32,000 shares of Home Depot stock in a transaction that occurred on Thursday, September 7th. (NYSE:HD) on Monday, February 6 with "Mkt Perform" rating. The company has an average rating of "Buy" and a consensus target price of $177.22. Robert W. Baird maintained The Home Depot, Inc. (HD) share price fell -1.11% to $182.85 in the last trading session. Jennison Associates LLC now owns 6,068,468 shares of the home improvement retailer's stock valued at $930,903,000 after purchasing an additional 761,586 shares during the period. It has outperformed by 1.95% the S&P500.

Moreover, Wealth Planning Limited Liability has 4.34% invested in The Home Depot, Inc. The Company's diluted earnings-per-share guidance includes the benefit of its intent to repurchase an additional $2.1 billion of shares in the fourth quarter, bringing total fiscal 2017 share repurchases to $8 billion.

But Home Depot still has a wide array of home products and is popular in the do-it-yourself and professional contracting communities. It has a 26.32 P/E ratio.

More notable recent The Home Depot, Inc. (NYSE:HD) were released by: Reuters.com and their article: "Home Depot lifts full-year forecasts as hurricanes spur demand" published on November 14, 2017 as well as Seekingalpha.com's news article titled: "Home Depot: Quality, Value And Momentum" with publication date: November 27, 2017.

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