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Most-Upgraded StocksMost-Upgraded
NYSE:HD

Home Depot (HD) Stock Forecast, Price & News

$302.54
-3.95 (-1.29%)
(As of 09/26/2023 ET)
Compare
Today's Range
$301.63
▼
$305.81
50-Day Range
$302.54
▼
$333.84
52-Week Range
$266.98
▼
$347.25
Volume
2.63 million shs
Average Volume
3.75 million shs
Market Capitalization
$302.56 billion
P/E Ratio
18.90
Dividend Yield
2.76%
Price Target
$340.47
ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

Home Depot MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.52 Rating Score
Upside/​Downside
12.5% Upside
$340.47 Price Target
Short Interest
Healthy
0.95% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.92
Upright™ Environmental Score
News Sentiment
1.10mentions of Home Depot in the last 14 days
Based on 27 Articles This Week
Insider Trading
Selling Shares
$6.44 M Sold Last Quarter
Proj. Earnings Growth
6.63%
From $15.24 to $16.25 Per Share

Overall MarketRank™

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

2.97 out of 5 stars

Retail/Wholesale Sector

24th out of 207 stocks

Lumber & Other Building Materials Industry

1st out of 5 stocks

See Top Rated MarketRank™ Stocks Here

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.




HD Price History

HD Stock News Headlines

September 13, 2023 | marketbeat.com
5 Best REIT Alternatives for Passive Real Estate Income (HD)
REITs can offer passive income opportunities for many investors, but what are some alternative investments for REITs? Learn more.
September 11, 2023 | marketbeat.com
These are the Top 3 Sectors for 3rd Quarter Profit Growth (HD)
The Q3 earnings reporting is approaching quickly and the news will not all be good; These are the top sectors to watch for growth.
September 26, 2023 | Chaikin Analytics (Ad)
His system isolated NVIDIA - Here's His Next Buy.
Most investors don't know the truth about A.I. 50-year Wall Street Insider Marc Chaikin reveals what you should be doing to profit. Learn more here.
September 11, 2023 | marketbeat.com
5 Undervalued Dow Stocks to Buy After the August Selloff (HD)
The Dow 30 stocks frequently serve as a barometer of investor sentiment; here are five undervalued Dow stocks that may power higher in the last part of 2023
September 7, 2023 | marketbeat.com
The 3 Best Blue-Chip Stocks to Buy Now (HD)
Keep in mind that many blue-chip stocks have a long history of dividend growth and are less volatile than many of the other high-flying sectors in the market, which are both very attractive qualities. Let’s take a further look at the 3 best blue-chip stocks to buy now.
September 6, 2023 | marketbeat.com
These Quality Dividend Kings Grow their Dividends the Fastest (HD)
Dividend Kings are among the highest quality stocks for income investors, and these are growing their distribution fastest and can sustain high growth.
August 30, 2023 | marketbeat.com
How to Pick the Best Dividend Stocks (HD)
A stock’s dividend yield is a key metric for investors, so what is a good dividend yield? We’ll explore the answer in this article.
August 29, 2023 | marketbeat.com
What is Consumer Discretionary? (HD)
What is consumer discretionary? In a strong economy, consumers spend more on consumer discretionary products. Learn more with MarketBeat.
September 26, 2023 | Behind the Markets (Ad)
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.
August 29, 2023 | marketbeat.com
3 Reasons the Dick’s Sporting Goods Selloff Is a Steal (HD)
As inventory shrink issues begin to fade, the market will gradually be reminded of Dick's growth prospects, shareholder-friendly moves and undervalued stock.
August 29, 2023 | marketbeat.com
3 Winning Retail Stocks Income Investors Can Rely On (HD)
These retailers are outperforming and driving solid returns for shareholders. Secular trends support each, and they pay healthy dividends.
August 26, 2023 | marketbeat.com
MarketBeat Week in Review – 8/21 - 8/25 (HD)
Markets are holding on to small gains despite the Fed remarks that indicate no shift in monetary policy as market volume is about to pick up
September 26, 2023 | finance.yahoo.com
2 Home Improvement Stocks With Promising Dividend Record
September 26, 2023 | finance.yahoo.com
Tools and Textbooks: The Home Depot Foundation’s Path to Pro Program Paves the Way for Skilled Trades Students
September 25, 2023 | finance.yahoo.com
Home Depot’s Revenue Forecast Dims Amid Slowdown in Home Renovations
September 25, 2023 | finance.yahoo.com
Invest with Confidence: Intrinsic Value Unveiled of The Home Depot Inc
September 25, 2023 | finance.yahoo.com
HD Supply Appoints Marc Brown as Chief Executive Officer
September 25, 2023 | finance.yahoo.com
Is This the 1 Secret to Home Depot's Success?
September 25, 2023 | gurufocus.com
Invest with Confidence: Intrinsic Value Unveiled of The Home Depot Inc"
September 24, 2023 | finance.yahoo.com
Want $490 in Passive Income Each Year? Invest $10,000 in These 2 Dividend Stocks
September 24, 2023 | americanbankingnews.com
Home Depot (NYSE:HD) Coverage Initiated at HSBC
September 23, 2023 | money.usnews.com
Home Depot, Inc.
September 22, 2023 | finance.yahoo.com
Walmart Outperforms Home Depot: Contrasting Performances of Retail Giants
September 22, 2023 | finance.yahoo.com
The Home Depot Receives Green Power Leadership Award From the EPA
September 22, 2023 | finance.yahoo.com
HSBC Initiates Coverage On 2 Dow Jones Stocks. Is Walmart Stock A Buy?
September 22, 2023 | finance.yahoo.com
Better Buy: Home Depot vs. Walmart
September 21, 2023 | marketwatch.com
Home Depot Inc. stock falls Thursday, still outperforms market
See More Headlines
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HD Company Calendar

Last Earnings
8/15/2023
Ex-Dividend for 9/14 Dividend
8/30/2023
Dividend Payable
9/14/2023
Today
9/26/2023
Next Earnings (Estimated)
11/21/2023
Fiscal Year End
1/31/2024
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Lumber & other building materials
Sub-Industry
Home Improvement Retail
Sector
Retail/Wholesale
Current Symbol
NYSE:HD
CUSIP
43707610
CIK
354950
Web
www.homedepot.com
Phone
(770) 433-8211
Fax
770-431-2707
Employees
518,100
Year Founded
1978

Price Target and Rating

Average Stock Price Forecast
$340.47
High Stock Price Forecast
$384.00
Low Stock Price Forecast
$286.00
Forecasted Upside/Downside
+12.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.52
Research Coverage
29 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$16.01
Trailing P/E Ratio
18.99
Forward P/E Ratio
19.95
P/E Growth
2.12
Net Income
$17.11 billion
Net Margins
10.48%
Pretax Margin
13.79%
Return on Equity
1,424.89%
Return on Assets
21.21%

Debt

Debt-to-Equity Ratio
30.53
Current Ratio
1.31
Quick Ratio
0.35

Sales & Book Value

Annual Sales
$157.40 billion
Price / Sales
1.93
Cash Flow
$19.50 per share
Price / Cash Flow
15.59
Book Value
$1.53 per share
Price / Book
198.73

Miscellaneous

Outstanding Shares
1,000,070,000
Free Float
998,166,000
Market Cap
$304.07 billion
Optionable
Optionable
Beta
0.95

Social Links

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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
  • Ms. Kimberly R. ScardinoMs. Kimberly R. Scardino (Age 52)
    SVP of Fin., Chief Accounting Officer & 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.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













HD Stock - Frequently Asked Questions

Should I buy or sell Home Depot stock right now?

29 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Home Depot in the last twelve months. There are currently 14 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street equities 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 forecast for 2023?

29 Wall Street research analysts have issued twelve-month price objectives for Home Depot's stock. Their HD share price forecasts range from $286.00 to $384.00. On average, they anticipate the company's stock price to reach $340.47 in the next twelve months. This suggests a possible upside of 12.0% 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 at the beginning of the year. Since then, HD stock has decreased by 3.7% and is now trading at $304.05.
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 August. As of August 15th, there was short interest totaling 9,890,000 shares, an increase of 11.8% from the July 31st total of 8,850,000 shares. Based on an average daily volume of 3,900,000 shares, the days-to-cover ratio is presently 2.5 days. Currently, 1.0% of the company's shares are sold short.
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, November 21st 2023.
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, August, 15th. The home improvement retailer reported $4.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.45 by $0.20. The home improvement retailer had revenue of $42.92 billion for the quarter, compared to the consensus estimate of $42.19 billion. Home Depot had a trailing twelve-month return on equity of 1,424.89% and a net margin of 10.48%. The firm's quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the firm earned $5.05 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 declared a quarterly dividend on Thursday, August 17th. Stockholders of record on Thursday, August 31st will be given a dividend of $2.09 per share on Thursday, September 14th. This represents a $8.36 annualized dividend and a yield of 2.75%. The ex-dividend date is Wednesday, August 30th.
Read our dividend analysis for HD.

What ETFs hold Home Depot's stock?

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).

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 2.73%. 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 52.22%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HD will have a dividend payout ratio of 51.45% 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 announced that its Board of Directors has approved a stock buyback plan on Tuesday, August 15th 2023, which authorizes the company to buyback $15,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 4.6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its shares are undervalued.

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

Home Depot issued an update on its FY 2023 earnings guidance on Tuesday, August, 15th. The company provided earnings per share (EPS) guidance of $14.52-$15.52 for the period, compared to the consensus EPS estimate of $14.96. The company issued revenue guidance of $149.53 billion-$154.25 billion, compared to the consensus revenue estimate of $152.28 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 number of institutional and retail investors. Top institutional investors include Bank Julius Baer & Co. Ltd Zurich (86.57%), BlackRock Inc. (7.10%), State Street Corp (4.32%), Capital World Investors (3.89%), Geode Capital Management LLC (1.93%) and Charles Schwab Investment Management Inc. (1.30%). 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 and Timothy A Hourigan.
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 $304.05.

How much money does Home Depot make?

Home Depot (NYSE:HD) has a market capitalization of $304.07 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 $16.01 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 9/26/2023 by MarketBeat.com Staff

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