Somewhat Positive Media Coverage Somewhat Unlikely to Impact Home Depot (HD) Stock Price
News stories about Home Depot (NYSE:HD) have been trending somewhat positive recently, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Home Depot earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news stories about the home improvement retailer an impact score of 44.1118140914787 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Don't Waste Your Money on Penny Stocks: These 3 Stocks Are Better Buys (finance.yahoo.com)
- 5 Things Lowe's Wants You to Know (finance.yahoo.com)
- Public Employees Retirement System of Ohio Has $143.15 Million Holdings in Home Depot Inc (HD) (americanbankingnews.com)
- Home Depot Inc (HD) Position Lowered by Hartline Investment Corp (americanbankingnews.com)
- Steward Partners Investment Advisory LLC Acquires Shares of 85,389 Home Depot Inc (HD) (americanbankingnews.com)
Home Depot (NYSE:HD) traded down $1.18 during trading hours on Friday, reaching $178.46. 5,671,038 shares of the company’s stock were exchanged, compared to its average volume of 5,960,000. The firm has a market cap of $208,400.00, a P/E ratio of 24.12, a PEG ratio of 1.38 and a beta of 1.14. The company has a debt-to-equity ratio of 16.69, a current ratio of 1.17 and a quick ratio of 0.38. Home Depot has a twelve month low of $144.25 and a twelve month high of $207.60.
The business also recently disclosed 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 is an increase from Home Depot’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend is Wednesday, March 7th. This represents a $4.12 annualized dividend and a dividend yield of 2.31%. Home Depot’s dividend payout ratio (DPR) is 48.11%.
Home Depot announced that its Board of Directors has approved a stock repurchase program on Wednesday, December 6th that authorizes the company to buyback $15.00 billion in shares. This buyback authorization authorizes the home improvement retailer to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.
A number of brokerages recently issued reports on HD. Loop Capital began coverage on shares of Home Depot in a report on Thursday. They issued a “hold” rating and a $187.00 price objective for the company. SunTrust Banks raised their price objective on shares of Home Depot to $187.00 and gave the company a “hold” rating in a report on Thursday, February 22nd. Credit Suisse Group set a $222.00 price objective on shares of Home Depot and gave the company a “buy” rating in a report on Wednesday, February 21st. BMO Capital Markets raised their price objective on shares of Home Depot from $191.00 to $213.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. Finally, Zacks Investment Research lowered shares of Home Depot from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. Home Depot has an average rating of “Buy” and an average price target of $193.15.
In other news, EVP Matt Carey sold 41,396 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $183.03, for a total transaction of $7,576,709.88. Following the completion of the sale, the executive vice president now owns 29,559 shares of the company’s stock, valued at approximately $5,410,183.77. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Edward P. Decker sold 17,660 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $187.32, for a total transaction of $3,308,071.20. Following the sale, the executive vice president now directly 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 ninety days, insiders have sold 210,423 shares of company stock valued at $38,797,592. Insiders own 0.26% of the company’s stock.
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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