February 22, 2018

Home Depot announces $15 billion buyback program

06 December 2017, 11:40 | Melvin Schneider

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Holderness Invests stated it has 1.85% of its portfolio in The Home Depot, Inc. (The) (NYSE:HD) by 2.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. Cable Hill Partners LLC now owns 1,116 shares of the home improvement retailer's stock valued at $145,000 after buying an additional 105 shares during the period.

Sales in the most recent quarter surged, thanks in part to rebuilding efforts after a pair of devastating hurricanes hit Texas and Florida, and wildfires consumed entire neighborhoods in the West.

Several other institutional investors and hedge funds have also recently bought and sold shares of HD.

"With tax reform, Home Depot would have an immediate and significant benefit for our tax rate". Since 2002 and through the third quarter of fiscal 2017, the company has returned approximately $73 billion of cash to shareholders through repurchases, repurchasing approximately 1.3 billion shares.

Reilly Financial Advisors Llc increased its stake in Home Depot Inc (HD) by 883.19% based on its latest 2017Q2 regulatory filing with the SEC.

The company is doubling its total investment spending over three years, which puts a limit on its profitability expansion and the shares it can buy back, which could be weighing on investor appetite for the stock today, Edward Jones analyst Robin Diedrich said. Home Depot's dividend payout ratio (DPR) is presently 49.44%.

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Home Depot expects its website to surpass 1.8 billion visits this year while it bolsters options for specific types of customers, including professionals and homeowners doing their own projects and repairs. Schwab Charles Investment Management Inc. now owns 5,839,272 shares of the home improvement retailer's stock valued at $895,745,000 after purchasing an additional 107,466 shares during the period. Used in conjunction with a variety of other ratios, this indicator is a very important tool for investors in determining the effectiveness of a company to generate returns for investors. The shares were sold at an average price of $156.79, for a total value of $14,214,738.19. Following the completion of the transaction, the executive vice president now owns 62,483 shares in the company, valued at $9,816,079.30. Grantham Mayo Van Otterloo & Ltd Liability invested 0% of its portfolio in Stepan Company (NYSE:SCL). (NYSE:HD). Jacobus Wealth Mngmt Inc has 0.15% invested in The Home Depot, Inc. About 4.66 million shares traded or 2.39% up from the average.

Home Depot, Inc. has a fifty-two week low of $128.68 and a fifty-two week high of $186.31. Ruggie Capital Group now owns 1,299 shares of the home improvement retailer's stock worth $199,000 after buying an additional 141 shares during the last quarter. The company has a quick ratio of 0.39, a current ratio of 1.23 and a debt-to-equity ratio of 9.54.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, November 14th. 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 firm had revenue of $25.03 billion during the quarter, compared to analysts' expectations of $24.53 billion. The company's revenue for the quarter was up 8.1% compared to the same quarter a year ago. This buyback authorization authorizes the home improvement retailer to buy shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company's board of directors believes its shares are 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 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date is Wednesday, November 29th. (NYSE:HD) for 50,462 shares.

In morning trading, Home Depot shares fell $2.70 to $180.15. Vetr upgraded shares of Home Depot from a "buy" rating to a "strong-buy" rating and set a $166.59 price target on the stock in a research note on Monday, August 28th. Zacks Investment Research downgraded Home Depot from a "buy" rating to a "hold" rating in a research report on Wednesday, August 30th. Guardian Life Co Of America holds 0.06% or 2,705 shares in its portfolio. As per Friday, May 13, the company rating was maintained by Jefferies. 68,595 are held by Eagle Advisors Ltd Llc. (NYSE:HD) news were published by: which released: "Home Depot Inc". If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of United States and global copyright and trademark legislation. 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.

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