Home Depot (HD) Earning Somewhat Favorable Media Coverage, Analysis Shows

News headlines about Home Depot (NYSE:HD) have been trending somewhat positive on Friday, Alpha One Sentiment reports. Alpha One, a subsidiary of Accern, scores the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Home Depot earned a media sentiment score of 0.11 on Alpha One’s scale. Alpha One also assigned media coverage about the home improvement retailer an impact score of 73 out of 100, indicating that recent press coverage is likely to have an impact on the company’s share price in the near future.

Here are some of the news headlines that may have effected Alpha One Sentiment’s rankings:

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, May 16th. The home improvement retailer reported $1.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.61 by $0.06. The firm had revenue of $23.89 billion during the quarter, compared to analysts’ expectations of $23.74 billion. Home Depot had a net margin of 8.23% and a return on equity of 123.29%. The company’s revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.44 earnings per share.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 2.29%. Home Depot’s dividend payout ratio (DPR) is presently 44.66%.

HD has been the topic of a number of research reports. BTIG Research raised their target price on shares of Home Depot from $155.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, May 5th. Zacks Investment Research raised shares of Home Depot from a “hold” rating to a “buy” rating and set a $170.00 target price on the stock in a research note on Tuesday, April 25th. Wedbush reissued a “neutral” rating and issued a $145.00 target price on shares of Home Depot in a research note on Friday, February 10th. Morgan Stanley raised shares of Home Depot from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $150.00 to $165.00 in a research note on Thursday, February 23rd. Finally, Vetr upgraded shares of Home Depot from a “hold” rating to a “buy” rating and set a $152.86 price target for the company in a report on Thursday, February 23rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have issued a buy rating to the company’s stock. Home Depot has an average rating of “Buy” and an average target price of $162.77.

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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.

5 Day Chart for NYSE:HD

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