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S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
MarketBeat Week in Review – 5/29 - 6/2
15 A.I. Trading Opportunities a Day (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
15 A.I. Trading Opportunities a Day (Ad)
Twitter executive responsible for content safety resigns after Elon Musk criticism
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
MarketBeat Week in Review – 5/29 - 6/2
15 A.I. Trading Opportunities a Day (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
15 A.I. Trading Opportunities a Day (Ad)
Twitter executive responsible for content safety resigns after Elon Musk criticism
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
MarketBeat Week in Review – 5/29 - 6/2
15 A.I. Trading Opportunities a Day (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
15 A.I. Trading Opportunities a Day (Ad)
Twitter executive responsible for content safety resigns after Elon Musk criticism

Home Depot (HD) Stock Forecast, Price & News

+7.55 (+2.62%)
(As of 06/2/2023 ET)
Today's Range
50-Day Range
52-Week Range
4.52 million shs
Average Volume
5.38 million shs
Market Capitalization
$297.53 billion
P/E Ratio
Dividend Yield
Price Target

Home Depot MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.54 Rating Score
9.2% Upside
$323.25 Price Target
Short Interest
1.40% of Float Sold Short
Dividend Strength
Based on Four Factors
Upright™ Environmental Score
News Sentiment
-0.17mentions of Home Depot in the last 14 days
Based on 26 Articles This Week
Insider Trading
Selling Shares
$440,221 Sold Last Quarter
Proj. Earnings Growth
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.

2.27 out of 5 stars

Retail/Wholesale Sector

91st out of 208 stocks

Lumber & Other Building Materials Industry

1st out of 5 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.
How A.I. Could Make Most 21st Century Diseases EXTINCT
On December 22, 2022, AI discovered a new treatment for multiple myeloma... in just 4 months... On March 19, 2023, AI discovered a new drug for liver cancer... in only 30 days... There's one small-cap at the center of it all. Bill Gates owns 7 million shares... Billionaire hedge-fund manager Steve Cohen owns 1.4 million shares...
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
"Unknown laser company making HUGE profit from Russia-Ukraine War"
On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>
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.
See More Headlines

HD Price History

HD Company Calendar

Ex-Dividend for 3/23 Dividend
Dividend Payable
Last Earnings
Ex-Dividend for 6/15 Dividend
Dividend Payable
Next Earnings (Estimated)
Fiscal Year End

Industry, Sector and Symbol

Lumber & other building materials
Home Improvement Retail
Year Founded

Price Target and Rating

Average Stock Price Forecast
High Stock Price Forecast
Low Stock Price Forecast
Forecasted Upside/Downside
Consensus Rating
Moderate Buy
Rating Score (0-4)
Research Coverage
26 Analysts


Net Income
$17.11 billion
Pretax Margin


Sales & Book Value

Annual Sales
$155.75 billion
Cash Flow
$20.13 per share
Book Value
$0.36 per share


Outstanding Shares
Free Float
Market Cap
$297.53 billion

Social Links

Key Executives

  • Ted Decker
    Chairman, President & Chief Executive Officer
  • Haydn Chilcott
    Senior Vice President-Operations
  • Richard V. McPhailRichard V. McPhail
    Chief Financial Officer & Executive Vice President
  • Fahim Siddiqui
    Chief Information Officer & Executive VP
  • Paul Antony
    Senior Vice President-Technology

HD Stock - Frequently Asked Questions

Should I buy or sell Home Depot stock right now?

26 Wall Street 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 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 brokers have issued 1 year target prices for Home Depot's shares. Their HD share price forecasts range from $280.00 to $400.00. On average, they expect the company's share price to reach $323.25 in the next year. This suggests a possible upside of 9.2% 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 6.3% and is now trading at $295.94.
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) posted its quarterly earnings data on Tuesday, May, 16th. The home improvement retailer reported $3.82 earnings per share (EPS) 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 the consensus estimate of $38.35 billion. Home Depot had a net margin of 10.75% and a trailing twelve-month return on equity of 1,936.63%. Home Depot's quarterly revenue was down 4.2% compared to the same quarter last year. During the same period in the previous year, the company earned $4.09 EPS.
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, May 18th. Shareholders of record on Thursday, June 1st will be paid 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 2.82%. The ex-dividend date of this dividend 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 2.95%. 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 of Directors has approved a share repurchase program on Thursday, August 18th 2022, which permits the company to buyback $15,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 4.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors 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 Friday, May, 26th. The company provided earnings per share 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 many different retail and institutional investors. Top institutional shareholders 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 $295.94.

How much money does Home Depot make?

Home Depot (NYSE:HD) has a market capitalization of $297.53 billion and generates $155.75 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 6/3/2023 by MarketBeat.com Staff

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