Home Depot sets $15 billion share buyback, investment plan

SEC FORM 4 - SEC.gov

Sitrin Capital Management LLC Has $6.18 Million Stake in Home Depot, Inc. (The) (NYSE:HD)

(NYSE:HD) has the Market Capitalization of 213.57 Billion. The firm owned 73,511 shares of the home improvement retailer's stock after buying an additional 2,314 shares during the period. The authority will not be liable for anyone who makes stock portfolio or financial decisions as per the editorial, which is based only on limited and open source information.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HD. Jackson Grant Investment Advisers Inc. increased its position in shares of Home Depot by 0.4% during the first quarter. The home improvement retailer reported $1.84 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.81 by $0.03. Home Depot's dividend payout ratio is now 44.66%. Mascoma Wealth Management LLC now owns 1,143 shares of the home improvement retailer's stock worth $175,000 after purchasing an additional 7 shares in the last quarter. Jennison Associates LLC increased its stake in Home Depot by 14.4% in the second quarter.

Home Depot shares fell 0.9% to 181.14 on the stock market today. Empire Life Investments Inc. now owns 957 shares of the home improvement retailer's stock valued at $157,000 after buying an additional 670 shares during the last quarter. Finally, Silicon Valley Capital Partners grew its position in Home Depot by 0.6% in the 2nd quarter. Leading up to this report, we have seen a 11.23% rise in the stock price over the last 30 days and a 16.79% increase over the past 3 months. Moffett Nathanson began coverage on shares of Home Depot in a research note on Monday. The rating was maintained by RBC Capital Markets on Friday, July 24 with "Outperform". UBS maintained the shares of HD in report on Wednesday, November 15 with "Buy" rating. Credit Suisse maintained the shares of HD in report on Monday, December 7 with "Outperform" rating. (The) (NYSE:HD) have been given a consensus recommendation of "Buy" by the twenty-nine ratings firms that are now covering the firm, Marketbeat reports. $164.29's average target is -10.15% below currents $182.85 stock price. Home Depot Inc has a 52-week low of $119.20 and a 52-week high of $160.86. (NYSE HD) traded down $2.66 during midday trading on Wednesday, hitting $180.19. The stock increased 1.07% or $1.16 during the last trading session, reaching $109.74. The figure tells us what earnings were generated from invested capital of The Home Depot, Inc.

The company has a current ratio of 1.2 gauging towards its ability in paying short-term and long-term obligations. (NYSE:HD). Fulton Bank Na stated it has 0.29% of its portfolio in The Home Depot, Inc. The home improvement retailer reported $1.84 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.81 by $0.03.

As customers' home values were underwater, they pulled back on home improvements, sending Home Depot's sales plunging. Peoples Financial Services CORP. now owns 1,025 shares of the home improvement retailer's stock valued at $151,000 after buying an additional 125 shares during the period.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. The insider, CAREY MATT, now holds 51,816 shares of HD. The ex-dividend date of this dividend is Tuesday, May 30th. A change of -1.11% in the price clearly indicates a strong asset performance for the corporation, bearing in mind the total returns from its investment and dividends or distributions obtained from the investment. This repurchase authorization permits the home improvement retailer to reacquire shares of its stock through open market purchases. Following the transaction, the chief executive officer now owns 240,090 shares of the company's stock, valued at $37,643,711.10. Finally, Citigroup Inc boosted their target price on shares of Home Depot from $163.00 to $168.00 and gave the stock a "top pick" rating in a research report on Wednesday, February 22nd. About 6.89M shares traded or 52.13% up from the average. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.26% of the company's stock.

COPYRIGHT VIOLATION NOTICE: This news story was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of USA & global trademark & copyright law. Patten Patten Inc Tn has invested 0.5% in The Home Depot, Inc.

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