Home Depot, Inc. (The) (HD) Earns News Impact Rating of 0.16
News stories about Home Depot, Inc. (The) (NYSE:HD) have trended somewhat positive on Wednesday, Accern reports. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources. Accern 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 0.16 on Accern’s scale. Accern also assigned news headlines about the home improvement retailer an impact score of 46.7670059140144 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news headlines that may have effected Accern’s rankings:
- Why Kohl’s Corporation (KSS) Stock Is the Best of the Worst (finance.yahoo.com)
- Grandfield & Dodd LLC Has $796000 Position in Home Depot, Inc (footballhebdo.com)
- The Hottest Dow Stock Right Now – Schaeffers Research (blog) (schaeffersresearch.com)
- Can Interconnected Strategy Fuel Home Depot (HD) Q2 Earnings? – Nasdaq (nasdaq.com)
- Dow futures are down but individual Dow stocks suggest win streak set to continue (finance.yahoo.com)
Home Depot, Inc. (NYSE HD) traded up 1.25% on Wednesday, hitting $155.26. 3,844,857 shares of the company were exchanged. The stock’s 50-day moving average price is $151.74 and its 200-day moving average price is $148.97. Home Depot, Inc. has a 52-week low of $119.20 and a 52-week high of $160.86. The stock has a market capitalization of $185.62 billion, a P/E ratio of 23.23 and a beta of 1.08.
Home Depot, Inc. (The) (NYSE:HD) last issued its earnings results 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 company 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 firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.44 EPS. On average, equities research analysts anticipate that Home Depot, Inc. will post $7.24 earnings per share for the current fiscal year.
A number of equities research analysts have commented on the stock. Atlantic Securities cut shares of Home Depot, Inc. (The) from an “overweight” rating to a “neutral” rating and set a $168.00 target price on the stock. in a research note on Thursday, May 11th. Stifel Nicolaus restated a “buy” rating and set a $178.00 target price (up previously from $165.00) on shares of Home Depot, Inc. (The) in a research note on Wednesday, May 17th. Oppenheimer Holdings, Inc. set a $178.00 target price on shares of Home Depot, Inc. (The) and gave the stock a “buy” rating in a research note on Tuesday, May 16th. UBS AG restated a “buy” rating and set a $175.00 target price (up previously from $173.00) on shares of Home Depot, Inc. (The) in a research note on Wednesday, May 17th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $152.00 target price on shares of Home Depot, Inc. (The) in a research note on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and nineteen have issued a buy rating to the stock. Home Depot, Inc. (The) has a consensus rating of “Buy” and a consensus target price of $164.48.
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In other news, EVP William G. Lennie sold 31,239 shares of the stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $155.47, for a total transaction of $4,856,727.33. Following the completion of the transaction, the executive vice president now directly owns 46,294 shares in the company, valued at approximately $7,197,328.18. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Craig A. Menear sold 90,661 shares of the stock in a transaction on 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 transaction, the chief executive officer now owns 240,090 shares of the company’s stock, valued at $37,643,711.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 128,900 shares of company stock valued at $20,167,386. Company insiders own 0.26% of the company’s stock.
About Home Depot, Inc. (The)
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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