Home Depot (HD) Getting Somewhat Positive News Coverage, Accern Reports
Media coverage about Home Depot (NYSE:HD) has trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research firm scores the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded 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 0.19 on Accern’s scale. Accern also assigned media coverage about the home improvement retailer an impact score of 46.2875922906285 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news headlines that may have effected Accern’s scoring:
- Dividend Stock Analysis: Home Depot, Inc. – Seeking Alpha – Seeking Alpha (seekingalpha.com)
- Innovative Stock:- The Home Depot, Inc. (NYSE:HD) – The Stock Street (press release) (thestreetpoint.com)
- Home Depot Inc has an Aggressive Plan to Lift Its Stock in 2018 – Investorplace.com (investorplace.com)
- Home Depot Authorizes Additional $15 Billion in Share Buybacks (finance.yahoo.com)
- [$$] Home Depot Insiders Sell $102 Million in Stock (finance.yahoo.com)
A number of research firms have recently commented on HD. Wedbush reissued a “market perform” rating on shares of Home Depot in a research note on Wednesday, August 16th. Zacks Investment Research cut Home Depot from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Oppenheimer set a $178.00 price objective on Home Depot and gave the company a “buy” rating in a research report on Tuesday, August 15th. Guggenheim started coverage on Home Depot in a research report on Wednesday. They set a “buy” rating and a $200.00 price objective on the stock. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $178.00 price objective on shares of Home Depot in a research report on Wednesday, August 16th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $182.72.
Home Depot (NYSE:HD) last posted its earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.03. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. The company had revenue of $25.03 billion for the quarter, compared to the consensus estimate of $24.53 billion. During the same quarter in the prior year, the company earned $1.60 earnings per share. Home Depot’s revenue was up 8.1% on a year-over-year basis. sell-side analysts anticipate that Home Depot will post 7.37 EPS for the current year.
Home Depot declared that its board has authorized a share repurchase plan on Wednesday, December 6th that permits the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization permits the home improvement retailer to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th will be issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date is Wednesday, November 29th. Home Depot’s dividend payout ratio is 49.44%.
In other news, EVP Matt Carey sold 41,396 shares of the firm’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $183.03, for a total value of $7,576,709.88. Following the transaction, the executive vice president now owns 29,559 shares of the company’s stock, valued at $5,410,183.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.26% of the stock is currently owned by corporate insiders.
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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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