Home Depot (HD) Receiving Somewhat Favorable Media Coverage, Analysis Shows
Press coverage about Home Depot (NYSE:HD) has been trending somewhat positive recently, Accern reports. The research firm rates the sentiment of media coverage by analyzing more than 20 million blog and news sources. 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 earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave news coverage about the home improvement retailer an impact score of 44.6404072202976 out of 100, meaning 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 articles that may have effected Accern Sentiment Analysis’s rankings:
- Lumber Liquidators’ Headaches Include Traffic, Competition From Home Depot, Analyst Says (finance.yahoo.com)
- If Sears Goes Under, These 3 Retailers Will Be Big Winners: UBS (finance.yahoo.com)
- 3 Ways Lowe’s Is Catching Up to, but Still a Step Behind, Home Depot (host.madison.com)
- 3 Ways Lowe's Is Catching Up to, but Still a Step Behind, Home Depot (finance.yahoo.com)
- Why Did Lowe's Companies, Inc. Shares Climb 12% in January? (finance.yahoo.com)
HD has been the subject of a number of recent research reports. BTIG Research increased their price objective on Home Depot to $215.00 and gave the stock a “buy” rating in a research report on Thursday, December 7th. Argus increased their price objective on Home Depot from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, November 15th. Oppenheimer set a $178.00 price objective on Home Depot and gave the stock a “buy” rating in a research report on Tuesday, November 14th. Jefferies Group reaffirmed a “buy” rating and set a $223.00 price objective on shares of Home Depot in a research report on Monday, February 5th. Finally, SunTrust Banks increased their price objective on Home Depot to $167.00 and gave the stock a “hold” rating in a research report on Wednesday, November 15th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $190.32.
Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 EPS for the quarter, beating the consensus estimate of $1.81 by $0.03. The business had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.53 billion. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period last year, the firm earned $1.60 EPS. sell-side analysts expect that Home Depot will post 7.38 EPS for the current fiscal year.
Home Depot announced that its board has approved a stock repurchase plan on Wednesday, December 6th that allows the company to repurchase $15.00 billion in shares. This repurchase authorization allows the home improvement retailer to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
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 stock was sold at an average price of $183.03, for a total value of $7,576,709.88. Following the completion of the sale, the executive vice president now directly owns 29,559 shares of the company’s stock, valued at approximately $5,410,183.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.26% of the stock is owned by company 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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