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

$326.76
+3.26 (+1.01%)
(As of 03:09 PM ET)
Compare
Today's Range
$324.21
$328.31
50-Day Range
$276.47
$324.00
52-Week Range
$274.26
$347.25
Volume
1.80 million shs
Average Volume
3.60 million shs
Market Capitalization
$325.21 billion
P/E Ratio
20.97
Dividend Yield
2.56%
Price Target
$339.57

Home Depot MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.58 Rating Score
Upside/​Downside
4.0% Upside
$339.57 Price Target
Short Interest
Healthy
0.84% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.92
Upright™ Environmental Score
News Sentiment
0.73mentions of Home Depot in the last 14 days
Based on 31 Articles This Week
Insider Trading
Selling Shares
$966,456 Sold Last Quarter
Proj. Earnings Growth
3.92%
From $15.05 to $15.64 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.61 out of 5 stars

Retail/Wholesale Sector

30th out of 172 stocks

Lumber & Other Building Materials Industry

1st out of 3 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

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Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
Are blue chip stocks a good investment? (HD)
Are blue chip stocks a good investment? Are there other investments you should consider in addition to or before blue chips? Learn more with MarketBeat.
Is Lowe’s still a better buy than Home Depot? (HD)
Lowe's or Home Depot depends on the time horizon; the longer you have, the more attractive Lowe's shares will be with its outlook for growth.
Renovating returns: Lowe's earnings and the DIY dilemma (HD)
Lowe's recent earnings report and market challenges spotlight how the company compares amid industry and economic changes
Advanced Auto Parts may be worth more in pieces than the whole (HD)
Advanced Auto Parts Inc. has dramatically underperformed its competitors in 2023 but a new CEO and cost-cutting measures may make the stock worth a look
Williams-Sonoma is a steal for buy-and-hold investors (HD)
Williams-Sonoma is a high-quality dividend-paying stock with a long trajectory for distribution increases and share repurchases
Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
3 intriguing late-week earnings plays for short-term traders (HD)
These consumer-facing companies slated to provide Q3 results and Q4 guidance later this week may present bullish stock and options trading opportunities.
Beyond the Slump: Home Depot's Resilience and Cautionary Outlook
Explore Home Depot's fiscal third-quarter performance as it defies sales decline, beating expectations.
Home Depot, Energizer rise; Fisker, Canadian Solar fall, Tuesday, 11/14/2023
Stocks that are trading heavily or have substantial price changes on Tuesday: Home Depot, Energizer rise; Fisker, Canadian Solar fall
Have $500? 2 Dividend Stocks to Buy Now and Hold Forever
The Home Depot, Inc. (NYSE:HD) Short Interest Up 5.0% in November
The Home Depot, Inc. (NYSE:HD) EVP Sells $506,006.80 in Stock
See More Headlines
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Company Calendar

Ex-Dividend for 9/14 Dividend
8/30/2023
Dividend Payable
9/14/2023
Last Earnings
11/14/2023
Ex-Dividend for 12/14 Dividend
11/29/2023
Today
12/06/2023
Dividend Payable
12/14/2023
Fiscal Year End
1/31/2024
Next Earnings (Estimated)
2/20/2024

Industry, Sector and Symbol

Industry
Lumber & other building materials
Sub-Industry
Home Improvement Retail
CUSIP
43707610
Employees
518,100
Year Founded
1978

Price Target and Rating

Average Stock Price Target
$339.57
High Stock Price Target
$384.00
Low Stock Price Target
$292.00
Potential Upside/Downside
+3.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.58
Research Coverage
26 Analysts

Profitability

Net Income
$17.11 billion
Pretax Margin
13.39%

Debt

Sales & Book Value

Annual Sales
$157.40 billion
Cash Flow
$20.05 per share
Book Value
$1.53 per share

Miscellaneous

Free Float
993,371,000
Market Cap
$325.28 billion
Optionable
Optionable
Beta
0.94

Social Links

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HD Stock Analysis - Frequently Asked Questions

Should I buy or sell Home Depot stock right now?

26 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Home Depot in the last year. There are currently 11 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street research 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?

26 equities research analysts have issued 1 year price targets for Home Depot's shares. 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 4.0% 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 2023?

Home Depot's stock was trading at $315.86 on January 1st, 2023. Since then, HD stock has increased by 3.4% and is now trading at $326.62.
View the best growth stocks for 2023 here
.

Are investors shorting Home Depot?

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 trading volume, of 2,910,000 shares, the days-to-cover ratio is currently 2.9 days. Approximately 0.8% of the shares of the company 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, February 20th 2024.
View our HD earnings forecast
.

How were Home Depot's earnings last quarter?

The Home Depot, Inc. (NYSE:HD) posted its quarterly earnings data on Tuesday, November, 14th. The home improvement retailer reported $3.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.75 by $0.06. The home improvement retailer earned $37.71 billion during the quarter, compared to the consensus estimate 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 company earned $4.24 earnings per share.
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, 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 yield of 2.56%. The ex-dividend date of this dividend is Wednesday, November 29th.
Read our dividend analysis for HD
.

Is Home Depot a good dividend stock?

Home Depot (NYSE:HD) pays an annual dividend of $8.36 per share and currently has a dividend yield of 2.62%. 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 53.45% 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 declared that its board has approved a share buyback plan on Tuesday, August 15th 2023, which authorizes the company to repurchase $15,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 4.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its stock is 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.

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 a variety of institutional and retail investors. Top institutional investors include Morgan Stanley (1.84%), Charles Schwab Investment Management Inc. (1.29%), Northern Trust Corp (1.23%), Wellington Management Group LLP (1.23%), Bank of New York Mellon Corp (0.93%) and FMR LLC (0.93%). 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.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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 12/6/2023 by MarketBeat.com Staff

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