News headlines about The Home Depot (NYSE:HD) have been trending somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. The Home Depot earned a coverage optimism score of 0.01 on Accern’s scale. Accern also gave media coverage about the home improvement retailer an impact score of 47.4648808950322 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
- Brokers Issue Forecasts for The Home Depot’s FY2023 Earnings (HD) (americanbankingnews.com)
- FY2019 Earnings Forecast for The Home Depot (HD) Issued By KeyCorp (americanbankingnews.com)
- Wedbush Comments on The Home Depot’s Q2 2019 Earnings (HD) (americanbankingnews.com)
- Cold-Weather Blues, Green Thumbs, and Gold-Plated Failures (fool.com)
- The Home Depot (HD) EVP Mark Holifield Sells 45,549 Shares (americanbankingnews.com)
The Home Depot opened at $185.33 on Friday, Marketbeat.com reports. The company has a debt-to-equity ratio of 14.37, a quick ratio of 0.38 and a current ratio of 1.17. The Home Depot has a 52 week low of $186.51 and a 52 week high of $189.07. The stock has a market cap of $217.65 billion, a P/E ratio of 24.84, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14.
The Home Depot (NYSE:HD) last released its earnings results on Tuesday, May 15th. The home improvement retailer reported $2.08 EPS for the quarter, beating the consensus estimate of $2.05 by $0.03. The firm had revenue of $24.95 billion for the quarter, compared to analyst estimates of $25.17 billion. The Home Depot had a net margin of 8.85% and a return on equity of 399.15%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period last year, the firm earned $1.67 EPS. equities research analysts anticipate that The Home Depot will post 9.41 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 14th. Investors of record on Thursday, May 31st will be issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 2.22%. The Home Depot’s dividend payout ratio (DPR) is presently 55.23%.
Several equities research analysts have recently issued reports on the stock. Loop Capital set a $187.00 price objective on shares of The Home Depot and gave the stock a “hold” rating in a research report on Tuesday. Deutsche Bank set a $210.00 price objective on shares of The Home Depot and gave the stock a “buy” rating in a research report on Tuesday. Wedbush reissued a “hold” rating and set a $190.00 price objective (up previously from $170.00) on shares of The Home Depot in a research report on Wednesday, February 21st. Argus restated a “buy” rating and set a $215.00 target price (up previously from $190.00) on shares of The Home Depot in a report on Wednesday, February 21st. Finally, Telsey Advisory Group restated an “outperform” rating and set a $220.00 target price (up previously from $190.00) on shares of The Home Depot in a report on Friday, January 19th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The Home Depot currently has a consensus rating of “Buy” and an average target price of $195.95.
In other The Home Depot news, Director Armando M. Codina bought 6,650 shares of the business’s stock in a transaction that occurred on Friday, March 2nd. The shares were acquired at an average cost of $178.66 per share, for a total transaction of $1,188,089.00. Following the transaction, the director now directly owns 42,300 shares in the company, valued at $7,557,318. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Ann Marie Campbell sold 37,680 shares of The Home Depot stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $186.26, for a total transaction of $7,018,276.80. Following the sale, the executive vice president now owns 53,459 shares in the company, valued at $9,957,273.34. The disclosure for this sale can be found here. Insiders have sold a total of 214,576 shares of company stock worth $39,731,257 over the last ninety days. 0.25% of the stock is currently owned by insiders.
The Home Depot Company Profile
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