Home Depot sticks by outlook, buys back $15 billion in stock

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After $1.05 actual EPS reported by Kellogg Company for the previous quarter, Wall Street now forecasts -8.57% negative EPS growth. Home Depot reported earnings per share of $1.44 in the same quarter last year, which would suggest a positive year over year growth rate of 11.8%. (NYSE:HD) were released by: Benzinga.com and their article: "Discovery, Home Depot, Wells Fargo, And QQQ: "Fast Money" Picks For December 6" published on December 06, 2017 as well as Fool.com's news article titled: "Home Depot Inc".

As of now, the increased share price of The Home Depot, Inc. makes it a lucrative buy for investors.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.81 by $0.03. Home Depot had a net margin of 8.23% and a return on equity of 123.29%. The share price was last seen -2.84% lower, reaching at $14.39 on May. Out of 2 Wall Street analysts rating Kellogg, 0 give it "Buy", 0 "Sell" rating, while 2 recommend "Hold". The Home Depot Inc. had 92 analyst reports since August 19, 2015 according to SRatingsIntel. Argus Research maintained the shares of HD in report on Wednesday, November 18 with "Buy" rating. Foster Dykema Cabot & Communication Inc Ma invested 0.12% of its portfolio in The Home Depot, Inc. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. $164.29's average target is -9.13% below currents $180.8 stock price.

In related news, EVP Matt Carey sold 32,000 shares of the business's stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $156.79, for a total value of $14,214,738.19. Horizon Invests Ltd Com owns 3,581 shares. The stock was trading at a distance of -0.14% from its 52-week highs and stands 40.21% away from its 52-week lows.

Several large investors have recently bought and sold shares of the stock. Moreover, D Scott Neal has 0.07% invested in The Home Depot, Inc. Jacobi Capital Management LLC lifted its holdings in Home Depot by 16.4% in the second quarter. Old Mutual Global Investors (Uk) Ltd stated it has 75,244 shares or 0.09% of all its holdings. The institutional investor owned 133,455 shares of the home improvement retailer's stock after buying an additional 15,000 shares during the period. Piper Jaffray maintained Visa Inc. The Beaumont Financial Partners Llc holds 4,369 shares with $670,000 value, up from 1,689 last quarter. The insider now holds 53,426 shares of The Home Depot, Inc. The stock of The Home Depot, Inc. Stock buyback plans are often an indication that the company's board believes its shares are undervalued. (NYSE:HD). Chevy Chase Tru holds 0.77% of its portfolio in The Home Depot, Inc. About 4.66M shares traded or 2.39% up from the average. The company has a market cap of $201,238.19, a P/E ratio of 23.93, a P/E/G ratio of 1.75 and a beta of 1.08. The stock's 52-week range is $128.68 to $180.67, and its 3-month range is $151.70 to $186.31.

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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.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Nbt Comml Bank N A NY holds 0.27% or 10,787 shares in its portfolio. The ex-dividend date of this dividend is Tuesday, May 30th. The stock witnessed -12.1% declines, -24.26% declines and -44.2% declines for the 1-month, 3-month and 6-month period, respectively. Moffett Nathanson began coverage on shares of Home Depot in a research note on Monday.

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

Shares of Home Depot Inc (HD) traded up 1.07% during trading on Thursday, hitting $155.15. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of US & worldwide trademark & copyright law. Monetary Gp Incorporated reported 2.45% in The Home Depot, Inc. The broad Home Improvement Stores industry boasts an average P/S ratio of 1.44, which is significantly better than the sector's 2967.92.

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