News stories about Home Depot (NYSE:HD) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Home Depot earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned news articles about the home improvement retailer an impact score of 44.1522286802243 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
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Home Depot and Lowe’s Soar Year to Date as Americans Renovate Rather Than Move (finance.yahoo.com) Home Depot (HD) vs. Floor & Decor (FND) Head to Head Review (americanbankingnews.com) Here’s Why Some Analysts Are Getting It Wrong With Home Depot (seekingalpha.com) The Home Depot, Inc. Dividend Stock Analysis (seekingalpha.com) How to Turn a Seasonal Job Into a Permanent One (finance.yahoo.com)
Shares of NYSE:HD traded up $2.16 during midday trading on Friday, hitting $198.33. 4,003,854 shares of the stock were exchanged, compared to its average volume of 5,068,186. The company has a current ratio of 1.17, a quick ratio of 0.37 and a debt-to-equity ratio of 14.37. Home Depot has a 52-week low of $144.25 and a 52-week high of $207.60. The firm has a market cap of $223.31 billion, a price-to-earnings ratio of 26.59, a P/E/G ratio of 1.45 and a beta of 1.13.
Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, May 15th. The home improvement retailer reported $2.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.05 by $0.03. The business had revenue of $24.95 billion during the quarter, compared to analyst estimates of $25.17 billion. Home Depot had a return on equity of 399.15% and a net margin of 8.85%. Home Depot’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period last year, the company earned $1.67 earnings per share. sell-side analysts forecast that Home Depot will post 9.45 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 14th. Shareholders of record on Thursday, May 31st will be given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend is Wednesday, May 30th. Home Depot’s payout ratio is 55.23%.
A number of equities research analysts have recently commented on the company. Wells Fargo & Co set a $205.00 price objective on Home Depot and gave the company a “buy” rating in a research report on Tuesday, May 15th. Loop Capital set a $187.00 price objective on Home Depot and gave the company a “hold” rating in a research report on Tuesday, May 15th. Deutsche Bank set a $210.00 price objective on Home Depot and gave the company a “buy” rating in a research report on Tuesday, May 15th. Zacks Investment Research upgraded Home Depot from a “sell” rating to a “hold” rating in a research report on Wednesday, May 16th. Finally, Bank of America reiterated a “buy” rating and set a $215.00 price objective on shares of Home Depot in a research report on Tuesday, May 15th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $195.95.
In other Home Depot news, Director Gregory D. Brenneman bought 16,827 shares of the stock in a transaction on Wednesday, March 21st. The shares were purchased at an average cost of $178.29 per share, with a total value of $3,000,085.83. Following the completion of the transaction, the director now directly owns 46,332 shares of the company’s stock, valued at approximately $8,260,532.28. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Stephanie Linnartz bought 1,000 shares of the stock in a transaction on Friday, June 1st. The shares were acquired at an average cost of $187.57 per share, for a total transaction of $187,570.00. The disclosure for this purchase can be found here. Corporate insiders own 0.25% of the company’s stock.
Home Depot Company Profile
The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and d茅cor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.