It also reduced its holding in First Tr Exchange Traded Fd (FV) by 150,577 shares in the quarter, leaving it with 727,504 shares, and cut its stake in Ishares Tr (FLOT). APG Asset Management N.V. grew its position in Home Depot by 6.3% in the 3rd quarter. Rothschild Capital Partners Llc bought 16,531 shares as the company's stock rose 9.30% with the market. Home Depot stock has climbed about 30% since it reported its fourth-quarter results a year ago. Roseborough Teresa Wynn sold $2.26 million worth of stock or 15,000 shares. Smithfield Trust Co. raised its stake in shares of Home Depot by 0.3% in the second quarter. Finally, BP PLC raised its stake in shares of Home Depot by 16.2% in the second quarter. Fort Pitt Capital Group LLC now owns 3,444 shares of the home improvement retailer's stock valued at $528,000 after acquiring an additional 10 shares during the last quarter.
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The results helped send Home Depot shares up 4.3 per cent to $195 (U.S.) in early trading. (HD) stock price traded at a gap of -4.11% from an average price of last twenty days and stands at a distance of -2.18% away from it's an average price of recent fifty days. Umb Bank N A who had been investing in Home Depot Inc for a number of months, seems to be less bullish one the $218.33B market cap company.
Its adjusted earnings of $1.69 per share beat analysts' estimate of $1.61. The firm had revenue of $23.88 billion during the quarter, compared to analysts' expectations of $23.65 billion. Home Depot had a net margin of 8.66% and a return on equity of 238.88%.
The company expects overall sales growth to slow to 6.5 percent in fiscal 2018, from an increase of 6.7 percent past year, while analysts were expecting a slowdown to about 6 percent.
The Home Depot reported sales of $23.9 billion for the fourth quarter of fiscal 2017, a 7.5% increase from the fourth quarter of fiscal 2016.
Home Depot announced that its Board of Directors has approved a stock repurchase plan on Wednesday, December 6th that allows the company to buyback $15.00 billion in outstanding shares.
The Home Depot, Inc (The Home Depot) is a home improvement retailer.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Vetr downgraded The Home Depot, Inc.
For the trailing twelve months, this company is paying dividend with the payout ratio of 1.90% to its shareholders. The stock was sold at an average price of $183.03, for a total value of $7,576,709.88. Following the sale, the executive vice president now owns 29,559 shares of the company's stock, valued at $5,410,183.77.
Several analysts have issued reports on HD shares. SunTrust Banks boosted their target price on shares of Home Depot from $167.00 to $175.00 and gave the company a "hold" rating in a research note on Thursday, December 7th. UBS Group reissued a "buy" rating and issued a $186.00 price objective (up from $175.00) on shares of Home Depot in a research note on Wednesday, November 15th.
Altaba Inc. (AABA) stock price tumbled -1.20% to finalize at $73.51 throughout previous buying and selling session. They noted that the move was a valuation call. (NYSE:HD), 24 have Buy rating, 0 Sell and 9 Hold. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company's stock. The average customer transactions at Home Depot rose 2%, while the average ticket rose by 5.5% in price to $64 per person.
TRADEMARK VIOLATION NOTICE: "Epoch Investment Partners Inc". If you are viewing this news story on another website, it was stolen and reposted in violation of United States & global copyright and trademark legislation. The Home Depot Inc. had 107 analyst reports since August 19, 2015 according to SRatingsIntel.