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NYSE:HD

Home Depot (HD) Stock Price, News & Analysis

$339.60
+5.02 (+1.50%)
(As of 07/8/2024 ET)
Today's Range
$335.00
$340.76
50-Day Range
$325.10
$356.07
52-Week Range
$274.26
$396.87
Volume
2.98 million shs
Average Volume
3.44 million shs
Market Capitalization
$336.75 billion
P/E Ratio
22.78
Dividend Yield
2.65%
Price Target
$378.42

Home Depot MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.68 Rating Score
Upside/​Downside
11.4% Upside
$378.42 Price Target
Short Interest
Healthy
0.86% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.92
Upright™ Environmental Score
News Sentiment
0.70mentions of Home Depot in the last 14 days
Based on 25 Articles This Week
Insider Trading
Selling Shares
$19.33 M Sold Last Quarter
Proj. Earnings Growth
5.82%
From $15.28 to $16.17 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.64 out of 5 stars

Retail/Wholesale Sector

29th out of 184 stocks

Lumber & Other Building Materials Industry

3rd out of 5 stocks

HD stock logo

About Home Depot Stock (NYSE:HD)

Home Depot is a US-based multinational big-box retailer focusing on the home improvement market. It is the largest home improvement retailer in the US and has operations in all Canadian provinces, all Mexican states, Guam, Puerto Rico and the U.S. Virgin Islands. The company employs more than 490,000 individuals and brought in more than $150 billion in revenue for fiscal 2021.

Home Depot was founded in 1978 by five partners with a vision to become the largest home supply superstore. The company got its first financing with the aid of Ken Langone and opened its first two stores in 1979. By 1981 the company was going public with an IPO on the NASDAQ stock exchange that raised a whopping $4.1 million. The company switched its listing to the New York Stock Exchange in 1984 and has been traded there ever since.

1984 also brought the company’s first expansions outside its home territory of Georgia. By the end of the year, there were 19 Home Depots, and by 1989 it was indeed the largest home improvement retailer in the U.S. Not long after, to spur additional growth, the company added a line of product installation services that was very successful. That same year, in 1991, the company began making its first major acquisitions.

By 1995 Home Depot operated 350 stores across the contiguous US. It moved into the Mexican market in 2002 and opened its first landscape supply. In 2008 the company experienced its first decline in business due to the housing market bubble and subsequent economic recession, but the company was able to weather the storm. Growth was back on the table in 2013, and momentum has built since then.

Today, Home Depot operates a network of more than 3,500 stores in North America and adjacent territories. The company lists 35,000 products in-store with another 1 million online. In regard to eCommerce, Home Depot has been a leader in digital sales channels and launched its digital store in 2000, more than a decade ahead of many others in the retail industry. The company’s goal here is to provide a seamless experience between online and physical retail they call The One Home Depot strategy.

Home Depot is also a leader in customer-centric and employee-centric operations. The company’s guiding principle is illustrated by an inverted pyramid with customers at the top and the CEO at the bottom. In between are the front-line associates, field and customer support to make it all work. The company believes its total addressable market is worth $900 billion in annual sales, leaving plenty of room to continue growing. The near-term goal is to top $200 billion in annual sales, which will happen before 2030.

Home Depot’s mascot is Homer D. Poe. Homer D. Poe is a friendly-looking fellow wearing a cap that has been featured in Home Improvement advertising and merchandising materials for over three decades.




HD Stock Price History

HD Stock News Headlines

Compass with needle pointing the text double-digit growth. Financial concept. 3D illustration.
3 Highly Profitable Companies Set for Double-Digit Upside
Most investors fail to realize that a stock price has nothing to do with the underlying company, as more than 90% of the time, there is a wide gap between value and price. How come businesses like PepsiCo Inc. NASDAQ: PEP, which have a solid global presence with sales coming in almost auto-pilot mode, are trading at 5% over its 52-week low price?
Compass with needle pointing the text double-digit growth. Financial concept. 3D illustration.
3 Highly Profitable Companies Set for Double-Digit Upside (HD)
Three companies with double-digit ROIC profit rates are now trading near their 52-week lows, making Wall Street analysts feel more comfortable with high targets
Kiss of death from Joe Biden
I did not consent. You did not consent. It’s in direct violation of the U.S. Constitution but Biden does not care.
sign of The Home Depot store
3 Stocks Upgraded by Analysts: Home Depot, U.S. Steel, Alcoa
Investors should take Wall Street's view of a particular sector or stock with a grain of salt, as there are typically conflicts of interest behind these views. Think about it: if an analyst working for an investment bank decides that a company's future is bearish, that analyst could risk losing his or her job over a particular stock's rating.
sign of The Home Depot store
3 Stocks Upgraded by Analysts: Home Depot, U.S. Steel, Alcoa (HD)
Three stocks came to be analyst favorites this time around, all riding on the same construction and infrastructure tailwinds
Home Depot (NYSE:HD) Stock Price Down 0.4%
The Three Best Consumer Stocks to Buy in July 2024
Kiss of death from Joe Biden
I did not consent. You did not consent. It’s in direct violation of the U.S. Constitution but Biden does not care.
Home Depot Stock: Buy, Sell, or Hold?
7 Blue-Chip Cash Cows to Milk for Steady Income
Home Depot (NYSE:HD) Shares Down 1.9%
Buy These 7 Dividend Stocks and Hold Forever
5 Top Stocks to Buy in July
See More Headlines
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Company Calendar

Last Earnings
5/14/2024
Ex-Dividend for 6/13 Dividend
5/30/2024
Dividend Payable
6/13/2024
Today
7/09/2024
Next Earnings (Confirmed)
8/13/2024
Fiscal Year End
1/31/2025

Industry, Sector and Symbol

Industry
Lumber & other building materials
Sub-Industry
Home Improvement Retail
CUSIP
43707610
Employees
509,300
Year Founded
1978

Price Target and Rating

Average Stock Price Target
$378.42
High Stock Price Target
$425.00
Low Stock Price Target
$315.00
Potential Upside/Downside
+11.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.68
Research Coverage
28 Analysts

Profitability

Net Income
$15.14 billion
Pretax Margin
12.82%

Debt

Sales & Book Value

Annual Sales
$152.67 billion
Cash Flow
$18.84 per share
Book Value
$1.05 per share

Miscellaneous

Free Float
990,622,000
Market Cap
$336.75 billion
Optionable
Optionable
Beta
0.98

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Should I Buy Home Depot Stock? HD Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Home Depot:

  • Home Depot has shown consistent growth in revenue and profits over the past year, indicating a strong financial performance.
  • Recent developments in the housing market have led to increased demand for home improvement products, benefiting Home Depot's sales.
  • Home Depot's online sales have been growing rapidly, showing the company's ability to adapt to changing consumer preferences.
  • With a current stock price of $200 per share, Home Depot offers a relatively stable investment option with potential for long-term growth.
  • Home Depot's strong brand reputation and customer loyalty contribute to its competitive advantage in the home improvement retail industry.

Cons

Investors should be bearish about investing in Home Depot for these reasons:

  • Increased competition in the home improvement retail sector could put pressure on Home Depot's market share and margins.
  • Economic downturns or fluctuations in the housing market could negatively impact Home Depot's sales and profitability.
  • Rising interest rates may affect consumer spending on home improvement projects, leading to lower demand for Home Depot's products.
  • Supply chain disruptions or increased costs of raw materials could impact Home Depot's profitability and margins.
  • Changes in consumer preferences or shifts towards sustainable products may require Home Depot to adapt its product offerings and business model.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, July 7, 2024. Please send any questions or comments about these Home Depot pros and cons to contact@marketbeat.com.

HD Stock Analysis - Frequently Asked Questions

How have HD shares performed this year?

Home Depot's stock was trading at $346.55 at the start of the year. Since then, HD stock has decreased by 2.0% and is now trading at $339.60.
View the best growth stocks for 2024 here
.

How were Home Depot's earnings last quarter?

The Home Depot, Inc. (NYSE:HD) issued its earnings results on Tuesday, May, 14th. The home improvement retailer reported $3.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.61 by $0.02. The business's revenue was down 2.3% compared to the same quarter last year.
Read the conference call transcript
.

Is Home Depot doing a stock buyback?

Home Depot's board initiated a stock buyback plan on Tuesday, August 15th 2023, which permits the company to repurchase $15,000,000,000 in shares, according to EventVestor. This means that the company could purchase up to 4.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its shares are undervalued.

What is Craig Menear's approval rating as Home Depot's CEO?

7,985 employees have rated Home Depot Chief Executive Officer Craig Menear on Glassdoor.com. Craig Menear has an approval rating of 84% among the company's employees.

Does Home Depot have any subsidiaries?

Home Depot subsidiaries include Askuity, Compact Power Equipment, Interline Brands, HD Supply Distribution Services, blinds.com, BlackLocus, US Home Systems, and more.

Who are Home Depot's major shareholders?

Home Depot's top institutional investors include Confluence Investment Management LLC (0.04%), DNB Asset Management AS (0.02%), Massmutual Trust Co. FSB ADV (0.01%) and Appleton Partners Inc. MA (0.01%). Insiders that own company stock include Edward P Decker, Timothy A Hourigan, Matt Carey, Teresa Wynn Roseborough, William D Bastek, Hector A Padilla, Ann Marie Campbell, Kimberly R Scardino, Fahim Siddiqui, Paula Santilli, Becker Caryn Seidman, Craig A Menear and Richard V Mcphail.
View institutional ownership trends
.

How do I buy shares of Home Depot?

Shares of HD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Home Depot own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Home Depot investors own include NVIDIA (NVDA), Walt Disney (DIS), Johnson & Johnson (JNJ), AT&T (T), Visa (V), Intel (INTC) and JPMorgan Chase & Co. (JPM).

This page (NYSE:HD) was last updated on 7/9/2024 by MarketBeat.com Staff

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