Home Depot Beat Earnings Estimates

Home Depot reported a fourth-quarter profit of $1.74 billion, or $1.44 per share, up from $1.47 billion in the same period a year earlier. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 77,162,511 shares of the stock are valued at $11.03 billion. Finally, Bank of America Corp reissued a "buy" rating and issued a $128.72 price target (up from $127.67) on shares of Home Depot, Inc.

In related news, Director Mark C. Vadon purchased 15,000 shares of the company's stock in a transaction on Tuesday, November 29th. For the past month, The Home Depot, Inc.'s stock has been 5.62%, 14.70% for the last quarter, 7.19% for the past six months and 20.01% for the past 52 weeks. They set a "market perform" rating and a $141.00 target price on the stock. (The) in a research note on Tuesday, November 1st. West Coast Financial LLC raised its position in Home Depot, Inc. The stock had a trading volume of 2,025,917 shares. Covering sell-side analysts are estimating company growth for next year to be 12.95%. (The) in a research note on Sunday, December 4th. (The) by 5.0% in the third quarter.

At the end of 12/31/2016 reporting period, 759 institutional holders increased their position in The Home Depot, Inc. The correct version of this story can be read at https://www.com-unik.info/2017/02/21/home-depot-inc-the-hd-plans-dividend-increase-0-89-per-share.html.


The retailer's $6.45 per share of profit exceeded management's target of $6.33 from three months ago. Corporate insiders own 0.26% of the company's stock.

Home Depot benefited from solid industry growth that even caught the executive team by surprise. The company claimed that it returned over $67 billion to its shareholders since 2002 by buying back about 1.3 billion shares. (The) from a "hold" rating to a "sell" rating and set a $128.01 price target on the stock.in a research report on Wednesday, December 7th. Macquarie reaffirmed a "buy" rating on shares of Home Depot, Inc. HD has an average price target of $153.60, which is a further upside of 7.41%. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. IFM Investors Pty Ltd bought a new position in Home Depot, Inc.

"Our focus on providing localized and innovative product selection, improving the interconnected customer experience, and driving productivity resulted in record sales and net earnings for 2016", Craig Menear, chairman, CEO and president of Home Depot, said in a statement. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services.

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