Published: Wed, December 06, 2017
Business | By Max Garcia

Crazy Volume Spikes for: The Home Depot, Inc. (NYSE:HD)

Crazy Volume Spikes for: The Home Depot, Inc. (NYSE:HD)

Insider Trading Activity for The Home Depot, Inc. (The) (NYSE:HD) by 52.7% during the 2nd quarter, according to its most recent 13F filing with the SEC.

The Price Index is a ratio that indicates the return of a share price over a past period.

Home Depot noted it will benefit from a lower corporate tax rate. This defines the most likely future of the stock price of The Home Depot, Inc.

Several other institutional investors have also recently added to or reduced their stakes in HD. Patten Patten Inc Tn has invested 0.5% in The Home Depot, Inc. 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. Clearbridge Investments LLC increased its stake in Home Depot by 1.8% in the first quarter.

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. More interesting news about The Home Depot, Inc. Legal & General Group Plc now owns 5,897,791 shares of the home improvement retailer's stock valued at $904,709,000 after purchasing an additional 247,475 shares during the period. Hanson Doremus Invest Management holds 0.03% of its portfolio in The Home Depot, Inc. The stock of The Home Depot, Inc. Eastern Retail Bank holds 1.43% or 126,546 shares. The shares were sold at an average price of $157.10, for a total transaction of $5,027,200.00. Grantham Mayo Van Otterloo & Ltd Liability invested 0% of its portfolio in Stepan Company (NYSE:SCL). Inc. grew its stake in Home Depot by 32.2% during the 1st quarter. (NYSE:HD) for 35,888 shares. About 4.66 million shares traded or 2.39% up from the average. A score of nine indicates a high value stock, while a score of one indicates a low value stock. The rating was maintained by RBC Capital Markets with "Outperform" on Wednesday, November 15.

The Piotroski score is a discrete score ranging from 0-9 that shows nine criteria used to find out the strength of a company's financial position. (NYSE:HD). Everett Harris And Ca invested 0.13% in The Home Depot, Inc.

The company reported its last earnings Actual EPS of $1.84/share. The business had revenue of $23.89 billion for the quarter, compared to the consensus estimate of $23.74 billion. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. The company's revenue for the quarter was up 8.1% compared to the same quarter previous year.

Advent Capital Management DE bought a new position in shares of Home Depot, Inc.

Home Depot announced that its board has authorized a share buyback plan on Wednesday, December 6th that allows the company to repurchase $15.00 billion in outstanding shares. This buyback authorization authorizes the home improvement retailer to buy shares of its stock through open market purchases. Investors of record on Thursday, November 30th will be paid a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 2.29%. The ex-dividend date is Wednesday, November 29th. Home Depot's payout ratio is 49.44%. (NYSE:HD) for 483 shares. Robert W. Baird restated an "outperform" rating and set a $195.00 price target on shares of Home Depot in a research note on Thursday, November 30th. The stock now has a consensus rating of "Buy" and an average price target of $177.22.

Home Depot said it expected to buy back $8 billion of shares in 2017, ahead of its investor day event later on Wednesday. Samlyn Capital Limited Company holds 0.2% or 52,954 shares in its portfolio. (HD)-16 analysts issued Buy for the stock, 9 analysts gave Outperform rating, 9 think it's a Hold, 0 issued Underperform, while 0 analyst gave a Sell rating. The stock has "Hold" rating by KeyBanc Capital Markets on Friday, September 1. Reilly Financial Advisors Llc who had been investing in Home Depot Inc for a number of months, seems to be bullish on the $212.02B market cap company. Atlantic Securities downgraded The Home Depot, Inc. If you are accessing this article on another site, it was illegally stolen and reposted in violation of United States and worldwide copyright & trademark legislation.

However, analysts point out that the world's largest home improvement retailer has a history of conservative guidance, and the company's Chief Financial Officer Carol Tome pointed out during the meeting that Home Depot has beat or exceeded its forecast every year since 2009. It operates The Home Depot stores that sell various building materials, home improvement products, and lawn and garden products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself, do-it-for-me, and professional customers.

Like this: