News headlines about Home Depot (NYSE:HD) have been trending somewhat positive on Monday, Accern reports. Accern identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Home Depot earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave headlines about the home improvement retailer an impact score of 43.9745763386598 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news headlines that may have impacted Accern’s analysis:
- The Home Depot, Inc. (HD) estimated to achieve 18.00% EPS growth for this year – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Important Factors to Analyse A Good Investment – Home Depot Inc (NYSE: HD) – Alpha Beta Stock (alphabetastock.com)
- Technical news From The Home Depot, Inc. (HD) – Wall Street Morning (wallstreetmorning.com)
- Weekend roundup: Warning sign from Home Depot | Bitcoin’s ride … – MarketWatch (marketwatch.com)
- Is The Home Depot Inc. a Buy-Low Opportunity or a Falling Knife? (baystreet.ca)
Home Depot stock traded down $1.86 during trading hours on Monday, hitting $177.10. The stock had a trading volume of 4,744,064 shares, compared to its average volume of 5,445,830. Home Depot has a 1-year low of $144.25 and a 1-year high of $207.60. The firm has a market capitalization of $208,980.38, a price-to-earnings ratio of 24.33, a P/E/G ratio of 1.43 and a beta of 1.14. The company has a debt-to-equity ratio of 16.69, a quick ratio of 0.38 and a current ratio of 1.17.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Thursday, March 8th will be issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date is Wednesday, March 7th. This is a positive change from Home Depot’s previous quarterly dividend of $0.89. Home Depot’s dividend payout ratio is currently 56.59%.
Home Depot declared that its Board of Directors has authorized a share buyback program on Wednesday, December 6th that allows the company to buyback $15.00 billion in outstanding shares. This buyback authorization allows the home improvement retailer to buy shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.
Several equities research analysts recently weighed in on the company. Loop Capital assumed coverage on Home Depot in a research note on Thursday, March 1st. They set a “hold” rating and a $187.00 target price for the company. Robert W. Baird reiterated an “outperform” rating and issued a $195.00 price objective on shares of Home Depot in a research note on Thursday, November 30th. BMO Capital Markets boosted their price objective on Home Depot from $191.00 to $213.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. Telsey Advisory Group boosted their price objective on Home Depot from $180.00 to $190.00 and gave the company an “outperform” rating in a research note on Monday, December 4th. Finally, Zacks Investment Research cut Home Depot from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Home Depot presently has a consensus rating of “Buy” and a consensus price target of $193.15.
In other Home Depot news, EVP Edward P. Decker sold 17,660 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was 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 $13,827,025.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Craig A. Menear sold 113,687 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $183.79, for a total value of $20,894,533.73. Following the completion of the sale, the chief executive officer now directly owns 237,957 shares in the company, valued at approximately $43,734,117.03. The disclosure for this sale can be found here. Insiders have sold 169,027 shares of company stock worth $31,220,882 in the last ninety days. 0.26% of the stock is currently owned by corporate insiders.
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Home Depot Company Profile
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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