Home Depot (HD) Earns News Sentiment Score of 1.33

Press coverage about Home Depot (NYSE:HD) has trended somewhat positive on Saturday, according to InfoTrie. The research group identifies negative and positive media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Home Depot earned a daily sentiment score of 1.33 on their scale. InfoTrie also assigned news headlines about the home improvement retailer an news buzz score of 2 out of 10, meaning that recent media coverage is very unlikely to have an impact on the company’s share price in the near future.

These are some of the media headlines that may have impacted Home Depot’s analysis:

Several equities analysts recently commented on the stock. Zacks Investment Research raised shares of Home Depot from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th. Morgan Stanley dropped their price target on shares of Home Depot from $225.00 to $200.00 and set an “overweight” rating for the company in a research report on Tuesday, October 23rd. Wells Fargo & Co dropped their price target on shares of Home Depot from $230.00 to $220.00 and set an “outperform” rating for the company in a research report on Monday, October 22nd. ValuEngine lowered shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Wednesday, October 17th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a $204.00 price target (down previously from $222.00) on shares of Home Depot in a research report on Wednesday, October 17th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $205.28.

Shares of Home Depot stock traded down $2.01 during trading hours on Friday, hitting $185.99. The company’s stock had a trading volume of 4,760,551 shares, compared to its average volume of 5,868,323. Home Depot has a 1-year low of $162.93 and a 1-year high of $215.43. The firm has a market capitalization of $214.22 billion, a P/E ratio of 24.93, a PEG ratio of 1.47 and a beta of 1.26. The company has a quick ratio of 0.37, a current ratio of 1.13 and a debt-to-equity ratio of 11.60.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, August 14th. The home improvement retailer reported $3.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.84 by $0.21. Home Depot had a net margin of 9.45% and a return on equity of 522.68%. The company had revenue of $30.46 billion during the quarter, compared to analyst estimates of $30.04 billion. During the same quarter in the prior year, the business earned $0.59 earnings per share. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. On average, research analysts expect that Home Depot will post 9.56 EPS for the current fiscal year.

In other news, EVP William G. Lennie sold 10,854 shares of the company’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $201.64, for a total value of $2,188,600.56. Following the completion of the transaction, the executive vice president now directly owns 40,057 shares in the company, valued at $8,077,093.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Matt Carey sold 4,125 shares of the company’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $195.43, for a total transaction of $806,148.75. Following the completion of the transaction, the executive vice president now owns 60,179 shares of the company’s stock, valued at $11,760,781.97. The disclosure for this sale can be found here. 0.25% of the stock is owned by corporate insiders.

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About Home Depot

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

See Also: Cash Flow

Insider Buying and Selling by Quarter for Home Depot (NYSE:HD)

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