NYSE:HD

Home Depot (HD) Stock Price, News & Analysis

$344.21
+1.48 (+0.43%)
(As of 05/17/2024 ET)
Today's Range
$340.59
$344.93
50-Day Range
$331.90
$395.21
52-Week Range
$274.26
$396.87
Volume
2.72 million shs
Average Volume
3.38 million shs
Market Capitalization
$341.12 billion
P/E Ratio
23.09
Dividend Yield
2.61%
Price Target
$377.46

Home Depot MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.64 Rating Score
Upside/​Downside
9.7% Upside
$377.46 Price Target
Short Interest
Healthy
0.87% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.92
Upright™ Environmental Score
News Sentiment
0.22mentions of Home Depot in the last 14 days
Based on 120 Articles This Week
Insider Trading
Selling Shares
$16.58 M Sold Last Quarter
Proj. Earnings Growth
6.41%
From $15.30 to $16.28 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.

4.69 out of 5 stars

Retail/Wholesale Sector

10th out of 197 stocks

Lumber & Other Building Materials Industry

1st 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

Home Depot: Earnings Mixed, Wait to Buy the Dip
Home Depot NYSE: HD issued a mixed Q1 report offering little reason to buy or sell the stock. On the one hand, weaker-than-expected revenue and tepid guidance suggest growth will be hard to come by this year.
Home Depot: Earnings Mixed, Wait to Buy the Dip
Home Depot had a mixed Q1 but showed signs of a normalized business after the pandemic bubble, inflation, and normalized interest rates.
Home Depot's sales continue to soften in 2024 as inflation, delayed start to spring weigh on sales
Home Depot’s sales continued to soften in the first quarter as the nation’s largest home improvement retailer not only was constrained by high mortgage rates and customers dealing with inflation concerns, but it also had to deal with a delayed start to spring
MarketBeat Week in Review – 5/6 - 5/10 (HD)
Sell in May, then go away got pushed to the side this week, but the bearish sentiment could return when investors get the latest read on inflation next week.
Mastering Stocks in the Dow: Insights into the DJIA (HD)
What is the Dow Jones Industrial Average (DJIA)? The Dow Jones Industrial Average includes 30 companies, once all industrial companies. Learn more.
Impinj Proves The Internet-of-Things (IoT) is No Fluke (HD)
Internet-of-Things (IoT) technology provider Impinj is riding a strong secular tailwind as the world continues to become more connected and raises guidance.
5 High-Yielding Oversold Stocks with Bullish Ratings
Amid global tensions and some severe market pullbacks, investors might seek refuge in defensive sectors, particularly oversold stocks offering high dividends. With uncertainties looming over geopolitical conflicts and dwindling prospects of the Federal Reserve's rate cuts, it might be wise to turn attention toward resilient stocks poised for potential upside, especially if you're a conservative, long-term, value-orientated investor.
5 High-Yielding Oversold Stocks with Bullish Ratings (HD)
Investors have favored defensive sectors in the short term, and oversold high-yielding names might become more in play as tensions rise and the market pulls in.
Walmart CFO, Fmr Home Depot CEO, & more: C-Suite Insights
Home Depot (NYSE:HD) Price Target Cut to $400.00
Home Depot: Improving Growth Prospects
What's taking the greatest toll on consumers?
Reading The Q1 Tea Leaves At The Home Depot
See More Headlines
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Company Calendar

Ex-Dividend for 3/21 Dividend
3/06/2024
Dividend Payable
3/21/2024
Last Earnings
5/14/2024
Today
5/17/2024
Ex-Dividend for 6/13 Dividend
5/30/2024
Dividend Payable
6/13/2024
Next Earnings (Estimated)
8/20/2024
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
$377.46
High Stock Price Target
$425.00
Low Stock Price Target
$315.00
Potential Upside/Downside
+9.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.64
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
$18.32 per share
Book Value
$1.84 per share

Miscellaneous

Free Float
990,025,000
Market Cap
$341.12 billion
Optionable
Optionable
Beta
1.01

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HD Stock Analysis - Frequently Asked Questions

Should I buy or sell Home Depot stock right now?

28 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Home Depot in the last year. There are currently 1 sell rating, 8 hold ratings and 19 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" HD shares.
View HD analyst ratings
or view top-rated stocks.

What is Home Depot's stock price target for 2024?

28 Wall Street analysts have issued 12 month target prices for Home Depot's shares. Their HD share price targets range from $315.00 to $425.00. On average, they predict the company's stock price to reach $377.46 in the next twelve months. This suggests a possible upside of 9.7% from the stock's current price.
View analysts price targets for HD
or view top-rated stocks among Wall Street analysts.

How have HD shares performed in 2024?

Home Depot's stock was trading at $346.55 on January 1st, 2024. Since then, HD shares have decreased by 0.7% and is now trading at $344.21.
View the best growth stocks for 2024 here
.

Are investors shorting Home Depot?

Home Depot saw a decrease in short interest during the month of April. As of April 15th, there was short interest totaling 9,310,000 shares, a decrease of 5.9% from the March 31st total of 9,890,000 shares. Based on an average trading volume of 3,420,000 shares, the days-to-cover ratio is currently 2.7 days. Approximately 0.9% of the shares of the stock are short sold.
View Home Depot's Short Interest
.

When is Home Depot's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 20th 2024.
View our HD earnings forecast
.

How were Home Depot's earnings last quarter?

The Home Depot, Inc. (NYSE:HD) announced its quarterly earnings data on Tuesday, May, 14th. The home improvement retailer reported $3.63 earnings per share for the quarter, beating analysts' consensus estimates of $3.61 by $0.02. The home improvement retailer earned $36.42 billion during the quarter, compared to analyst estimates of $36.65 billion. Home Depot had a trailing twelve-month return on equity of 1,056.67% and a net margin of 9.79%. Home Depot's quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the firm earned $3.82 EPS.
Read the conference call transcript
.

How often does Home Depot pay dividends? What is the dividend yield for Home Depot?

Home Depot announced a quarterly dividend on Thursday, May 16th. Investors of record on Thursday, May 30th will be given a dividend of $2.25 per share on Thursday, June 13th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date of this dividend is Thursday, May 30th.
Read our dividend analysis for HD
.

Is Home Depot a good dividend stock?

Home Depot (NYSE:HD) pays an annual dividend of $9.00 per share and currently has a dividend yield of 2.58%. The company has been increasing its dividend for 15 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 60.36%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HD will have a dividend payout ratio of 55.28% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HD.

How will Home Depot's stock buyback program work?

Home Depot announced that its Board of Directors has approved a stock repurchase program on Tuesday, August 15th 2023, which allows the company to repurchase $15,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 4.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's management believes its stock is undervalued.

What guidance has Home Depot issued on next quarter's earnings?

Home Depot updated its FY 2024 earnings guidance on Tuesday, May, 14th. The company provided earnings per share (EPS) guidance of 15.260-15.260 for the period, compared to the consensus estimate of 15.330. The company issued revenue guidance of $154.2 billion-$154.2 billion, compared to the consensus revenue estimate of $154.4 billion.

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.

What other stocks do shareholders of Home Depot own?

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

Who are Home Depot's major shareholders?

Home Depot's stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.48%), Capital World Investors (3.80%), Capital Research Global Investors (1.36%), Bank of New York Mellon Corp (0.89%), Price T Rowe Associates Inc. MD (0.75%) and Jennison Associates LLC (0.50%). Insiders that own company stock include Ann Marie Campbell, Becker Caryn Seidman, Craig A Menear, Edward P Decker, Fahim Siddiqui, Hector A Padilla, Karen A Foster, Kimberly R Scardino, Matt Carey, Paula Santilli, Richard V Mcphail, Teresa Wynn Roseborough, Timothy A Hourigan and William D Bastek.
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.

Does Home Depot have any subsidiaries?
The following companies are subsidiares of Home Depot: Apex Supply, Askuity, BlackLocus, Chem-Dry, Compact Power Equipment, HD Development Holdings Inc., HD Development of Maryland Inc., HD Supply Distribution Services, Home Decorators Collection, Home Depot International Inc., Home Depot Product Authority LLC, Home Depot U.S.A. Inc., Home Depot of Canada Inc., Home Mart Mexico, Hughes Supply, Interline Brands, Measurecomp, National Waterworks Holdings, Redbeacon, US Home Systems, White Cap Construction Supply, Your Other Warehouse, and blinds.com.
Read More
This page (NYSE:HD) was last updated on 5/18/2024 by MarketBeat.com Staff

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