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Home Depot (HD) Stock Forecast, Price & News

$301.70
+5.70 (+1.93%)
(As of 06/7/2023 ET)
Compare
Today's Range
$297.11
$302.20
50-Day Range
$282.33
$301.64
52-Week Range
$264.51
$347.25
Volume
4.81 million shs
Average Volume
4.08 million shs
Market Capitalization
$303.32 billion
P/E Ratio
18.39
Dividend Yield
2.77%
Price Target
$323.25

Home Depot MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.54 Rating Score
Upside/​Downside
7.1% Upside
$323.25 Price Target
Short Interest
Healthy
1.40% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.92
Upright™ Environmental Score
News Sentiment
-0.35mentions of Home Depot in the last 14 days
Based on 24 Articles This Week
Insider Trading
Selling Shares
$440,221 Sold Last Quarter
Proj. Earnings Growth
7.28%
From $14.97 to $16.06 Per Share

Overall MarketRank

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

2.26 out of 5 stars

Retail/Wholesale Sector

78th out of 205 stocks

Lumber & Other Building Materials Industry

1st out of 4 stocks


HD stock logo

About Home Depot (NYSE:HD) Stock

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.




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HD Stock News Headlines

How to Invest in Specialty Retail Stores (HD)
A specialty retail store focuses on specific product categories instead of selling a large number of items. Learn more about specialty retail on MarketBeat.
Can Lowe’s Lead Discretionary Stocks Lower In 2023? (HD)
Lowe's report echoes those of Home Depot and Foot Locker, which point to accelerated slowing in consumer discretionary spending.
From -60% Account to Doubling His Money?
After helping his readers double their money 13 TIMES in the last year alone… There’s ONE person trader Jeff Clark has NOT been able to help! His 23-year-old son, Grant.
Dick’s Sporting Goods Deserves A Higher Price Multiple  (HD)
Dick's Sporting Goods is an undervalued name that could see a multiple expansion take it to new all-time highs over the next few quarters.
Consumer Discretionary ETF XLY Breaks Out, Work Remains (HD)
The Consumer Discretionary ETF: XLY saw a price breakout over crucial resistance last week, signaling a potential shift in consumer sentiment.
Is PulteGroup Overbought After Double-Digit Gains? (HD)
PulteGroup has posted the biggest price gains among homebuilders as the entire industry thrives, but could the stock be approaching overbought status?
Analyst Flags Concerns About P&G Growth Despite Earnings Beat (HD)
Can P&G continue robust revenue growth despite declining shipment volumes as consumers trade down? One analyst has some doubts.
MarketBeat Week in Review – 5/15 - 5/19 (HD)
Investors are battling stagflation as they wait for a recession, and the MarketBeat team continues to help you understand where to find opportunities
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
3 Home Improvement Stocks to Renovate Your Portfolio (HD)
Are home improvement stocks the way forward? Learn more about whether or not home improvement stocks make sense for your portfolio with MarketBeat.
Foot Locker And The Ebbing Tide Of Discretionary Spending  (HD)
Foot Locker's results are a good reason why discretionary names will underperform in the 2nd half of 2023; but this stock may have just priced in the worst.
Good News For Walmart Isn’t So Great For Everybody Else (HD)
Walmart may have difficulty moving higher simply because the yield on US treasuries and CDs is so much higher, and the guidance for Q2 is weak.
Best Stock to Buy: Home Depot vs. Lowe's
See More Headlines

HD Price History

HD Company Calendar

Ex-Dividend for 3/23 Dividend
3/08/2023
Dividend Payable
3/23/2023
Last Earnings
5/16/2023
Ex-Dividend for 6/15 Dividend
5/31/2023
Today
6/07/2023
Dividend Payable
6/15/2023
Next Earnings (Estimated)
8/15/2023
Fiscal Year End
1/31/2024

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 Forecast
$323.25
High Stock Price Forecast
$400.00
Low Stock Price Forecast
$280.00
Forecasted Upside/Downside
+7.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.54
Research Coverage
26 Analysts

Profitability

Net Income
$17.11 billion
Pretax Margin
14.14%

Debt

Sales & Book Value

Annual Sales
$157.40 billion
Cash Flow
$20.19 per share
Book Value
$0.36 per share

Miscellaneous

Outstanding Shares
1,005,380,000
Free Float
1,003,466,000
Market Cap
$303.32 billion
Optionable
Optionable
Beta
0.93

Social Links


Key Executives

  • Mr. Edward P. DeckerMr. Edward P. Decker (Age 60)
    Chairman, Pres & CEO
    Comp: $4.32M
  • Mr. Richard V. McPhailMr. Richard V. McPhail (Age 52)
    Exec. VP & CFO
    Comp: $1.83M
  • Mr. Matthew A. Carey (Age 58)
    Exec. VP of Customer Experience
    Comp: $1.81M
  • Ms. Ann-Marie CampbellMs. Ann-Marie Campbell (Age 57)
    Exec. VP of U.S. Stores & International Operations
    Comp: $1.87M
  • Ms. Angie Brown
    Sr. VP of Technology
  • Mr. Haydn Chilcott
    Sr. VP of Operations
  • Mr. Stephen L. Gibbs (Age 51)
    VP, Chief Accounting Officer & Corp. Controller
  • Mr. Fahim SiddiquiMr. Fahim Siddiqui (Age 57)
    Exec. VP & Chief Information Officer
  • Ms. Isabel Janci
    VP of Investor Relations & Treasurer
  • Ms. Teresa Wynn RoseboroughMs. Teresa Wynn Roseborough (Age 64)
    Exec. VP, Gen. Counsel & Corp. Sec.













HD Stock - Frequently Asked Questions

Should I buy or sell Home Depot stock right now?

26 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Home Depot in the last twelve months. There are currently 12 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" HD shares.
View HD analyst ratings
or view top-rated stocks.

What is Home Depot's stock price forecast for 2023?

26 Wall Street research analysts have issued 12 month target prices for Home Depot's stock. Their HD share price forecasts range from $280.00 to $400.00. On average, they expect the company's stock price to reach $323.25 in the next twelve months. This suggests a possible upside of 7.1% 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 at the beginning of 2023. Since then, HD stock has decreased by 4.5% and is now trading at $301.70.
View the best growth stocks for 2023 here
.

When is Home Depot's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 15th 2023.
View our HD earnings forecast
.

How were Home Depot's earnings last quarter?

The Home Depot, Inc. (NYSE:HD) released its quarterly earnings results on Tuesday, May, 16th. The home improvement retailer reported $3.82 earnings per share for the quarter, beating the consensus estimate of $3.80 by $0.02. The home improvement retailer had revenue of $37.26 billion for the quarter, compared to analyst estimates of $38.35 billion. Home Depot had a trailing twelve-month return on equity of 1,936.63% and a net margin of 10.75%. The firm's revenue was down 4.2% compared to the same quarter last year. During the same quarter last year, the firm posted $4.09 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, May 18th. Investors of record on Thursday, June 1st will be given a dividend of $2.09 per share on Thursday, June 15th. This represents a $8.36 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Wednesday, May 31st.
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 2.85%. 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 50.94%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HD will have a dividend payout ratio of 52.05% 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 has approved a share repurchase program on Thursday, August 18th 2022, which allows the company to repurchase $15,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 4.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its shares are undervalued.

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

Home Depot updated its FY 2023 earnings guidance on Friday, May, 26th. The company provided EPS guidance of $14.52-$15.52 for the period, compared to the consensus estimate of $15.74. The company issued revenue guidance of $149.53 billion-$154.25 billion, compared to the consensus revenue estimate of $156.34 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).

What is Home Depot's stock symbol?

Home Depot trades on the New York Stock Exchange (NYSE) under the ticker symbol "HD."

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 BlackRock Inc. (7.62%), State Street Corp (4.50%), Geode Capital Management LLC (1.89%), Wellington Management Group LLP (1.55%), Charles Schwab Investment Management Inc. (1.30%) and FMR LLC (1.09%). 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, Matt Carey, Paula Santilli, Richard V Mcphail, Teresa Wynn Roseborough and William G Lennie.
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.

What is Home Depot's stock price today?

One share of HD stock can currently be purchased for approximately $301.70.

How much money does Home Depot make?

Home Depot (NYSE:HD) has a market capitalization of $303.32 billion and generates $157.40 billion in revenue each year. The home improvement retailer earns $17.11 billion in net income (profit) each year or $16.41 on an earnings per share basis.

How many employees does Home Depot have?

The company employs 518,100 workers across the globe.

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
How can I contact Home Depot?

Home Depot's mailing address is 2455 PACES FERRY ROAD, ATLANTA GA, 30339. The official website for the company is www.homedepot.com. The home improvement retailer can be reached via phone at (770) 433-8211, via email at investor_relations@homedepot.com, or via fax at 770-431-2707.

This page (NYSE:HD) was last updated on 6/7/2023 by MarketBeat.com Staff

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