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MarketScreener Homepage  >  Equities  >  Nyse  >  The Home Depot, Inc.    HD

THE HOME DEPOT, INC.

(HD)
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Home Depot reaches $17.5 million settlement over 2014 data breach

11/24/2020 | 02:27pm EST
A shopper reaches for merchandise at a Home Depot store in Wilmington

(Reuters) - Home Depot Inc, the largest U.S. home improvement retailer, on Tuesday reached a $17.5 million settlement to resolve a multistate probe into a 2014 data breach where hackers accessed payment card data belonging to 40 million customers.

The settlement with 46 U.S. states and Washington, D.C., stemmed from a breach between April 10, 2014, and Sept. 13, 2014, affecting customers who used self-checkout terminals at its U.S. and Canadian stores.

Hackers used a vendor's user name and password to infiltrate Home Depot's network, and deployed custom-built malware to access customers' payment card information.

The Atlanta-based retailer previously said at least 52 million people also had their email addresses exposed, partially overlapping those whose payment card data was compromised.

Home Depot did not admit liability in agreeing to the settlement, which requires that it hire a chief information security officer, and upgrade its security procedures and training. The probe was led by Connecticut, Illinois and Texas.

Companies that collect sensitive personal information from customers "have an obligation to protect that information from unlawful use or disclosure," Connecticut Attorney General William Tong said in a statement. "Home Depot failed to take those precautions."

In a statement, Home Depot said security is a top priority, and that it has since 2014 "invested heavily to further secure our systems. We're glad to put this matter behind us."

Home Depot had previously recorded $198 million of pretax expenses for the breach, and resolved litigation by customers, card issuers and banks that claimed they were harmed.

(Reporting by Jonathan Stempel in New York Editing by David Evans and Matthew Lewis)

By Jonathan Stempel


© Reuters 2020
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Financials (USD)
Sales 2021 130 B - -
Net income 2021 12 753 M - -
Net Debt 2021 27 357 M - -
P/E ratio 2021 23,9x
Yield 2021 2,13%
Capitalization 304 B 304 B -
EV / Sales 2021 2,55x
EV / Sales 2022 2,55x
Nbr of Employees 415 700
Free-Float 60,1%
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Technical analysis trends THE HOME DEPOT, INC.
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 33
Average target price 307,07 $
Last Close Price 282,60 $
Spread / Highest target 25,6%
Spread / Average Target 8,66%
Spread / Lowest Target -25,7%
EPS Revisions
Managers and Directors
NameTitle
Craig A. Menear Chairman & Chief Executive Officer
Edward P. Decker President & Chief Operating Officer
Richard V. McPhail Chief Financial Officer & Executive Vice President
Matthew A. Carey Chief Information Officer & Executive VP
Paul Antony Senior Vice President-Technology
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