News stories about Home Depot (NYSE:HD) have been trending somewhat positive on Monday, Accern Sentiment reports. The research group identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Home Depot earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned media headlines about the home improvement retailer an impact score of 43.9745763386598 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- Better Buy: The Home Depot, Inc. vs. Lowe’s – Madison.com (host.madison.com)
- Emory plucks new VP from Blue Cross and Blue Shield in Chicago (finance.yahoo.com)
- Toolbox trade wars: How a sure winner in U.S. dispute has yet to reap benefits (finance.yahoo.com)
- Home Depot Inc (HD) Receives Consensus Rating of “Buy” from Analysts (americanbankingnews.com)
- Here’s Why the Best Is Yet to Come for Home Depot, Inc. – Motley Fool (fool.com)
Shares of Home Depot (HD) traded down $2.45 during midday trading on Monday, reaching $179.71. The company’s stock had a trading volume of 4,958,226 shares, compared to its average volume of 6,060,000. Home Depot has a fifty-two week low of $144.25 and a fifty-two week high of $207.60. The company has a current ratio of 1.17, a quick ratio of 0.38 and a debt-to-equity ratio of 16.69. The company has a market cap of $209,860.00, a P/E ratio of 24.29, a P/E/G ratio of 1.40 and a beta of 1.14.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Thursday, March 8th will be given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date is Wednesday, March 7th. This is an increase from Home Depot’s previous quarterly dividend of $0.89. Home Depot’s dividend payout ratio (DPR) is 55.68%.
Home Depot announced that its Board of Directors has initiated a share buyback plan on Wednesday, December 6th that allows the company to buyback $15.00 billion in shares. This buyback authorization allows the home improvement retailer to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.
Several brokerages recently weighed in on HD. Loop Capital began coverage on Home Depot in a report on Thursday, March 1st. They issued a “hold” rating and a $187.00 price objective for the company. Zacks Investment Research lowered Home Depot from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. BMO Capital Markets lifted their price objective on Home Depot from $191.00 to $213.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. Robert W. Baird reissued an “outperform” rating and issued a $195.00 price objective on shares of Home Depot in a report on Thursday, November 30th. Finally, SunTrust Banks lifted their price objective on Home Depot to $187.00 and gave the stock a “hold” rating in a report on Thursday, February 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Home Depot presently has an average rating of “Buy” and an average target price of $193.15.
In other news, EVP Ann Marie Campbell sold 37,680 shares of Home Depot stock in a transaction dated 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 completion of the sale, the executive vice president now owns 53,459 shares in the company, valued at approximately $9,957,273.34. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Edward P. Decker sold 17,660 shares of Home Depot stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $187.32, for a total value of $3,308,071.20. Following the sale, the executive vice president now owns 73,815 shares of the company’s stock, valued at approximately $13,827,025.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 169,027 shares of company stock valued at $31,220,882. Corporate insiders own 0.26% of the company’s stock.
About Home Depot
The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.
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