The Traderszone Network

Published in TZ Latest News 17 April, 2017 by The TZ Newswire Staff

I Still Can’t Believe Home Depot Inc. Spent $7 Billion on Stock Repurchases in 2016

Home Depot (NYSE: HD) has an attraction to its own stock that seems hard for the company to resist. Management began the 2016 fiscal year targeting buyback spending of $5 billion, but the home improvement retailer quickly changed its mind. Executives actually dedicated $6.9 billion to repurchasing shares — or approximately 90% of net earnings.

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