Home Depot Beat Earnings Estimates

REUTERS

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.

Related News:

  • FA Cup: Harry Kane's hat-trick helps Tottenham stroll past Fulham

    FA Cup: Harry Kane's hat-trick helps Tottenham stroll past Fulham

    Tottenham fans are praising a young ball-boy after who contributed to their first goal against Fulham in the FA Cup last night. Rashford rounded an on-rushing Jason Steele and passed the ball into the net.
    Boris Johnson & social media attack Tony Blair's call for Brexit revolt

    Boris Johnson & social media attack Tony Blair's call for Brexit revolt

    One of Blair's key arguments is that it was never clear whether a Leave vote would result in a soft Brexit or a hard Brexit . But former leader of the minority Liberal Democrats Nick Clegg said he agreed with what Blair had said.
    Irish woman charged with murder of fiancé in Sydney

    Irish woman charged with murder of fiancé in Sydney

    A crime scene has been established at the scene of the death and homicide squad detectives are investigating. It is understood the victim, along with the woman who is being questioned by police, are Irish nationals.
  • 20 best Oscar-winning movies on Netflix right now

    20 best Oscar-winning movies on Netflix right now

    For his skill and effort, the 32-year-old will likely become the youngest best director victor in Oscars history. This past weekend Moonlight beat out La La Land at the Writers Guild Awards for best original screenplay .
    Rollie Massimino named finalist for Basketball Hall of Fame

    Rollie Massimino named finalist for Basketball Hall of Fame

    The inductees will be announced on April 3 and each candidate needs 18 of the 24 votes from the Honors Committee. The 82-year-old Massimino is still coaching at NAIA school Keiser University in West Palm Beach, Fla.
    Reince Priebus Denies FBI Spoke With Anyone Else In White House

    Reince Priebus Denies FBI Spoke With Anyone Else In White House

    Priebus criticized news outlets that rely on anonymous sources, pointing to two stories that he found especially problematic. Dickerson asked Priebus about whether Trump was serious about calling the news media "the enemy".
  • Australia ready for 'big challenge' against India: Lyon

    Australia ready for 'big challenge' against India: Lyon

    We have had a good preparation, two weeks in Dubai, then in Mumbai (where the team played a three-day first class warm-up game). I am looking at this as a chance to pass knowledge to some, especially the younger spinners who have not toured here before.
    Afridi bids farewell to International Cricket

    Afridi bids farewell to International Cricket

    Now my foundation is important for me. "I have played with seriousness and in a professional way for my country", he said. Afridi played 398 ODIs, scoring 8064 runs, including five centuries and managed to take an impressive 395 wickets.
    Jets' Revis Turns Himself In to Pittsburgh Police

    Jets' Revis Turns Himself In to Pittsburgh Police

    He's due a $2 million roster bonus on March 11, plus another $13 million in base salary (including $6 million guaranteed). However, Watt told the police he did not know if the unidentified guy or Revis knocked out Cousins and Jarivs.
  • Pilot, 4 American tourists killed when plane crashes into mall in Australia

    Pilot, 4 American tourists killed when plane crashes into mall in Australia

    It comes as the fifth victim of the doomed flight has been identified as 67-year-old Texas retiree John Washburn. The Australian Transport Safety Bureau will take over responsibility for the investigation on Tuesday afternoon.
    Eric Church Fights Scalping Bots by Canceling 25000 Fraudulently Purchased Tickets

    Eric Church Fights Scalping Bots by Canceling 25000 Fraudulently Purchased Tickets

    While the musician has used this tactic to combat scammers before for individual shows, it's the first time on this scale. In fact, all remaining dates on Church's tour have had some tickets cancelled, except the April 22 concert in Cincinnati.
    Robin Thicke & Paula Patton Custody Drama - Police Called

    Robin Thicke & Paula Patton Custody Drama - Police Called

    Paula Patton and Robin Thicke have been in the midst of an ugly custody battle, and things don't seem to be getting any better. Sources close to Robin Thicke claim that he was aware Patton has a restraining order, but he never came close to her.


Most liked

Manchester City 5-3 Monaco
City would have looked at that result and the ones against Tottenham this season and will know the dangers Monaco possess. After that, it was all Manchester City , Aguero's side volley made it 3-3.

Trump Says He Didn't Direct Michael Flynn To Discuss Sanctions With Russia
Kellogg, retired General David Petraeus, a former CIA director, and Robert Harward, a former deputy commander of U.S. The Post also first reported last week that Flynn had indeed spoken about sanctions with the Russian ambassador.

Russia's Ambassador To UN Dies Suddenly In New York
He also had a tribute posted by Russian foreign ministry spokeswoman Maria Zakharova who commented on Facebook: "Great diplomat". Ambassador Churkin is survived by his wife and two grown-up children, according to The Independent .

Mount Vernon offering free admission for Presidents Day
President's Day is not only a federal holiday, it has also been adopted by various state governments but for various purposes. But today's holiday is meant to honor presidential contributions that date back a little farther.

Mariah Finally Makes It Official with 'My Boyfriend' Bryan Tanaka
He was spotted with Mariah Carey on Valentine's Day when the two were seen together in a video where they were in a hot tub. The singer has wrapped up the reality show only last month and is planning a tour soon in March.

Somalia:Car bomb blast in Somali capital kills at least 25 people
The Somalian president described the attack as "horrific" on Twitter and shared pictures of himself visiting victims in hospital. The new Somalian president has announced a $100,000 (£80,000) reward for information on anyone planning attacks in the country.

SpaceX Launches From Historic Apollo Moon Pad
He said: "This is the same launch pad used by the Saturn V rocket that first took people to the moon in 1969", the caption reads. According to the Associated Press , NASA was watching the launch closely before it clears SpaceX to carry NASA astronauts.

Germany encouraged over Opel jobs, but United Kingdom union worries
The plans have sparked fears of job losses in Britain, where Vauxhall employs about 35,000 people, as well as in Germany. German Chancellor Angela Merkel is kept updated on the issue, her spokesman Steffen Seibert said.

Gluten Free Diet Might Be Rich in Toxic Metals
Even celebrities Miley Cyrus, Kourtney Kardashian, and Gwyneth Paltrow have touted the diet as a path to a healthier lifestyle. According to proponents of the trend, gluten-free foods can decrease bloating and promote weight loss.

US Homeland Security Chief Promises 'Streamlined' Travel Ban
The replacement order could be issued as early as Tuesday, the Journal reported, citing a USA government official. Trump on Thursday nevertheless hailed the introduction of the travel ban as smooth.

Adama Barrow Osinbajo, Sirleaf, Akufo-Addo attend The Gambia's president inauguration
He promised improved employment opportunities, food security and export growth, sanitation and access to clean water. After weeks of global pressure and threats of a military intervention, Jammeh finally announced he would step down.

Mark Zuckerberg talks of using Facebook to build a better global community
For those who have speculated that Zuckerberg may someday run for president, this statement will fuel further speculation. An nearly 6,000-word manifesto about how his company will take responsibility for helping people understand one another.

New York Jets CB Darrelle Revis charged after alleged altercatio
Revis grew up in the nearby city of Aliquippa and played college football at the University of Pittsburgh. Jones told The Associated Press once a warrant is issued, he will arrange for Revis to turn himself in.

George "The Animal" Steele created unforgettable image in insane world of wrestling
Wrestling legend, high school teacher, and football coach, George Steele , aka " The Animal ", has died at the age of 79. He first competed in the WWE in 1967, squaring off against the promotion's long-time champion, Bruno Sammartino .

Danny Dyer taking 'short break' from EastEnders
The corporation was responding to a report in The Sun which suggested bosses were concerned about the actor looking "exhausted". The situation is said to be a "nightmare" for show bosses who write scripts months in advance, with Carter a central character.