Media coverage about Home Depot, Inc. (The) (NYSE:HD) has trended somewhat positive recently, according to Accern. Accern identifies positive and negative news coverage by monitoring more than twenty 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, Inc. (The) earned a news impact score of 0.12 on Accern’s scale. Accern also gave media headlines about the home improvement retailer an impact score of 80 out of 100, meaning that recent news coverage is likely to have an effect on the stock’s share price in the next several days.
These are some of the news stories that may have effected Accern’s analysis:
- This Home Depot Employee Tried To Stop An Apparent Child Abduction (Yes, He Was Fired) – Inc.com (inc.com)
- Home Depot, Inc. (The) (HD) Position Increased by Handelsbanken Fonder Ab Last Quarter – Highlight Press (highlightpress.com)
- NBT Bank NA NY Cuts Position in Home Depot, Inc. (The) (HD) (eleganthomesinla.com)
- The Home Depot, Inc. (NYSE:HD) agree to purchase Compact Power Equipment (thedailyzipper.com)
- Home Depot's (HD) Compact Power Buy to Boost Rental Business (finance.yahoo.com)
HD has been the subject of a number of recent analyst reports. Vetr upgraded Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $153.35 target price for the company in a report on Monday, April 10th. BTIG Research upped their target price on Home Depot, Inc. (The) from $155.00 to $175.00 and gave the company a “buy” rating in a report on Friday, May 5th. Jefferies Group LLC upped their target price on Home Depot, Inc. (The) from $167.00 to $182.00 and gave the company a “buy” rating in a report on Friday, May 12th. Credit Suisse Group set a $163.00 price target on Home Depot, Inc. (The) and gave the stock a “buy” rating in a research note on Tuesday, May 2nd. Finally, Zacks Investment Research raised Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $170.00 price target on the stock in a research note on Tuesday, April 25th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eighteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $163.83.
Home Depot, Inc. (HD) traded up 0.12% on Friday, hitting $152.23. The stock had a trading volume of 3,775,383 shares. Home Depot, Inc. has a 52-week low of $119.20 and a 52-week high of $160.86. The company has a 50 day moving average price of $155.07 and a 200-day moving average price of $146.38. The company has a market cap of $182.00 billion, a price-to-earnings ratio of 22.78 and a beta of 1.09.
Home Depot, Inc. (The) (NYSE:HD) last issued its quarterly earnings data on Tuesday, May 16th. The home improvement retailer reported $1.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.61 by $0.06. The business had revenue of $23.89 billion during the quarter, compared to analysts’ expectations of $23.74 billion. Home Depot, Inc. (The) had a return on equity of 158.80% and a net margin of 8.53%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.44 EPS. On average, equities research analysts predict that Home Depot, Inc. will post $7.24 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st were issued a $0.89 dividend. The ex-dividend date was Tuesday, May 30th. This represents a $3.56 annualized dividend and a dividend yield of 2.34%. Home Depot, Inc. (The)’s dividend payout ratio (DPR) is presently 53.29%.
In related news, CEO Craig A. Menear sold 90,661 shares of the company’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $156.79, for a total value of $14,214,738.19. Following the completion of the transaction, the chief executive officer now owns 240,090 shares of the company’s stock, valued at approximately $37,643,711.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ann Marie Campbell sold 7,000 shares of the company’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $156.56, for a total value of $1,095,920.00. Following the completion of the transaction, the executive vice president now directly owns 54,091 shares of the company’s stock, valued at approximately $8,468,486.96. The disclosure for this sale can be found here. In the last three months, insiders sold 128,900 shares of company stock valued at $20,167,386. Insiders own 0.26% of the company’s stock.
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Home Depot, Inc. (The) 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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