Home Depot Stock Price, News & Analysis (NYSE:HD)

26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Home Depot in the last twelve months. There are currently 11 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" HD shares.
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26 brokerages have issued 12 month price targets for Home Depot's stock. Their HD share price targets range from $292.00 to $384.00. On average, they predict the company's share price to reach $339.57 in the next year. This suggests a possible upside of 8.3% from the stock's current price.
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Home Depot's stock was trading at $315.86 on January 1st, 2023. Since then, HD shares have decreased by 0.7% and is now trading at $313.50.
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Home Depot saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 8,380,000 shares, an increase of 5.0% from the October 31st total of 7,980,000 shares. Based on an average daily volume of 2,910,000 shares, the days-to-cover ratio is presently 2.9 days. Approximately 0.8% of the shares of the company are short sold.
View Home Depot's Short Interest.

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

The Home Depot, Inc. (NYSE:HD) released its quarterly earnings results on Tuesday, November, 14th. The home improvement retailer reported $3.81 EPS for the quarter, topping analysts' consensus estimates of $3.75 by $0.06. The home improvement retailer had revenue of $37.71 billion for the quarter, compared to analysts' expectations of $37.59 billion. Home Depot had a trailing twelve-month return on equity of 1,339.65% and a net margin of 10.22%. The firm's revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the business earned $4.24 earnings per share.
Read the conference call transcript.

Home Depot announced a quarterly dividend on Thursday, November 16th. Stockholders of record on Thursday, November 30th will be paid a dividend of $2.09 per share on Thursday, December 14th. This represents a $8.36 annualized dividend and a dividend yield of 2.67%. The ex-dividend date is Wednesday, November 29th.
Read our dividend analysis for HD.

Home Depot (NYSE:HD) pays an annual dividend of $8.36 per share and currently has a dividend yield of 2.67%. The company has been increasing its dividend for 14 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 53.66%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HD will have a dividend payout ratio of 53.35% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HD.

ETFs with the largest weight of Home Depot (NYSE:HD) stock in their portfolio include iShares U.S. Consumer Focused ETF (IEDI), VanEck Retail ETF (RTH), Fidelity MSCI Consumer Discretionary Index ETF (FDIS), Vanguard Consumer Discretionary ETF (VCR), Global X Dow 30 Covered Call ETF (DJIA), Nationwide Dow Jones Risk Managed Income ETF (NDJI), SPDR Dow Jones Industrial Average ETF Trust (DIA) and QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM).

Home Depot announced that its board has authorized a share buyback plan on Tuesday, August 15th 2023, which allows the company to repurchase $15,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 4.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

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.

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).

Home Depot's stock is owned by a number of retail and institutional investors. Top institutional investors include Morgan Stanley (1.84%), Charles Schwab Investment Management Inc. (1.29%), Northern Trust Corp (1.23%), Bank of New York Mellon Corp (0.93%), FMR LLC (0.93%) and Legal & General Group Plc (0.65%). Insiders that own company stock include Ann Marie Campbell, Becker Caryn Seidman, Craig A Menear, 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.
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Shares of HD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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