Headlines about Home Depot, Inc. (The) (NYSE:HD) have been trending somewhat positive recently, AlphaOne Sentiment reports. AlphaOne, a service of Accern, ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Home Depot, Inc. (The) earned a news sentiment score of 0.12 on AlphaOne’s scale. AlphaOne also gave media coverage about the home improvement retailer an impact score of 80 out of 100, indicating that recent media coverage is likely to have an effect on the stock’s share price in the next several days.
Here are some of the news headlines that may have impacted AlphaOne’s rankings:
- SmarTrend Watching for Potential Pullback in Shares of Home Depot After 1.28% Gain (mysmartrend.com)
- Home Depot (HD) Gains Momentum: What’s Driving the Stock? (zacks.com)
- Home Depot (HD) Gains Momentum: What's Driving the Stock? (finance.yahoo.com)
- $27.76 Billion in Sales Expected for Home Depot, Inc. (The) (HD) This Quarter (americanbankingnews.com)
- 3 Dividend Stocks for Go-Getter Investors (finance.yahoo.com)
Home Depot, Inc. (NYSE:HD) traded up 1.39% during trading on Monday, hitting $158.81. 5,196,090 shares of the stock were exchanged. Home Depot, Inc. has a 52 week low of $119.20 and a 52 week high of $160.86. The stock has a market cap of $189.87 billion, a P/E ratio of 23.76 and a beta of 1.10. The stock has a 50 day moving average of $155.49 and a 200-day moving average of $144.83.
Home Depot, Inc. (The) (NYSE:HD) last announced its quarterly earnings results on Tuesday, May 16th. The home improvement retailer reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.06. Home Depot, Inc. (The) had a net margin of 8.53% and a return on equity of 158.80%. The company had revenue of $23.89 billion for the quarter, compared to analysts’ expectations of $23.74 billion. During the same quarter in the previous year, the company earned $1.44 earnings per share. Home Depot, Inc. (The)’s quarterly revenue was up 4.9% on a year-over-year basis. Equities analysts expect that Home Depot, Inc. will post $7.24 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st were issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend was Tuesday, May 30th. Home Depot, Inc. (The)’s dividend payout ratio (DPR) is presently 53.29%.
A number of analysts recently weighed in on HD shares. Stifel Nicolaus restated a “buy” rating and issued a $178.00 price objective (up from $165.00) on shares of Home Depot, Inc. (The) in a report on Wednesday, May 17th. Vetr upgraded Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $160.62 price objective for the company in a report on Tuesday, May 30th. Argus increased their price objective on Home Depot, Inc. (The) to $160.00 and gave the company a “buy” rating in a report on Wednesday, February 22nd. Barclays PLC restated an “overweight” rating and issued a $165.00 price objective (up from $150.00) on shares of Home Depot, Inc. (The) in a report on Wednesday, May 17th. Finally, Credit Suisse Group set a $163.00 price objective on Home Depot, Inc. (The) and gave the company a “buy” rating in a report on Tuesday, May 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and nineteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $163.89.
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In other Home Depot, Inc. (The) news, EVP Ann Marie Campbell sold 7,000 shares of the company’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $156.56, for a total value of $1,095,920.00. Following the sale, the executive vice president now owns 54,091 shares in the company, valued at $8,468,486.96. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Wayne M. Hewett acquired 350 shares of the business’s stock in a transaction on Wednesday, May 17th. The stock was acquired at an average price of $157.11 per share, for a total transaction of $54,988.50. Following the acquisition, the director now owns 1,400 shares of the company’s stock, valued at approximately $219,954. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 128,900 shares of company stock worth $20,167,386. Corporate insiders own 0.26% of the company’s stock.
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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