Home Depot Boosts Dividend & Buyback As Q4 Earnings Beat The Street

Home Depot's Q4 total same-store sales rose 5.8% well above the Consensus Metrix forecast of 3.5

HD has bought back almost $30 billion worth of common stock before the FY'16 started.

Revenues rose 5.8% from a year ago to $22.21 billion, also topping analysts view for $21.81 billion. The market consensus range for revenue is between $23.39B and $23.83B, with an average of $23.59B.

Stock: Shares rose 1.6% to 145.33 in premarket trading on the stock market today. To measure price-variation, we found HD's volatility during a week at 1.36% and during a month it has been found around 1.22%. Institutional investors and hedge funds own 71.53% of the company's stock. This move has generated increased interest from both analysts and investors.Since the start of the calendar year, The Home Depot, Inc. Following the completion of the acquisition, the director now owns 31,095 shares of the company's stock, valued at $4,038,307.65. The third largest holder is State Street Corp, which now holds $7.92 billion worth of this stock and that ownership represents almost 4.52% of its market capitalization. Wedbush reissued a "neutral" rating and issued a $145.00 price target on shares of Home Depot, Inc.

A number of other large investors have also recently added to or reduced their stakes in the company.

Multiple company employees have indulged in significant insider trading. Citigroup Inc. restated a "buy" rating on shares of Home Depot, Inc. The stock closed at $143 on Friday and is now trading at $146.11 in the pre-market (as of this writing at 7:20 am EST). The stock was sold at an average price of $128.39, for a total value of $2,003,654.34. (The) in a report on Tuesday, November 15th. Bank of Montreal Can now owns 2,818,654 shares of the home improvement retailer's stock valued at $362,704,000 after buying an additional 179,120 shares during the period. Macquarie reaffirmed a "buy" rating on shares of Home Depot, Inc. (HD) in the open market. The average 30-year rate was 4.18% as of Friday, compared to a 52-week low of 3.34%, according to Mortgage News Daily. The company beat earnings estimates, reporting profit of $1.44 a share beating estimates by 11 cents.

In the transaction dated November 17, 2016, the great number of shares disposed came courtesy the EVP-Supply Chain & Product Dev; HOLIFIELD MARK disposed a total of 15,606 shares at an average price of $128.39, amounting to approximately $2,003,654. On the back strong results, now, HD has announced an impressive 29% increase in its quarterly dividend to $0.89 per share, while increasing its target dividend payout ratio from 50% to 55%. Home Depot has reaped the benefits. Whereas 7 of them predict the stock is a hold. (The) and gave the stock a "buy" rating in a report on Saturday.

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