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Home Depot (HD) Stock Forecast, Price & News

-1.03 (-0.34%)
(As of 09/22/2023 ET)
Today's Range
50-Day Range
52-Week Range
2.28 million shs
Average Volume
3.76 million shs
Market Capitalization
$305.75 billion
P/E Ratio
Dividend Yield
Price Target

Home Depot MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.52 Rating Score
11.4% Upside
$340.47 Price Target
Short Interest
0.95% of Float Sold Short
Dividend Strength
Based on Four Factors
Upright™ Environmental Score
News Sentiment
0.90mentions of Home Depot in the last 14 days
Based on 19 Articles This Week
Insider Trading
Selling Shares
$6.44 M Sold Last Quarter
Proj. Earnings Growth
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.

2.90 out of 5 stars

Retail/Wholesale Sector

25th out of 196 stocks

Lumber & Other Building Materials Industry

2nd 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.

HD Price History

HD Stock News Headlines

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This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
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
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.
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.
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.
What is Consumer Discretionary? (HD)
What is consumer discretionary? In a strong economy, consumers spend more on consumer discretionary products. Learn more with MarketBeat.
[BREAKING] New "Living Missile" to Replace Nuclear Missiles
CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!
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.
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.
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
Better Buy: Home Depot vs. Walmart
Bull of the Day: Gibraltar Industries (ROCK)
The Home Depot Announces 2023 Innovation Award Winners
3 Magnificent Stocks to Buy Before They Take Off
Elliott Wave Shows Home Depot (HD) Crash Is Still On The Cards
25 Most Admired Companies in 2023
Why Is Home Depot (HD) Down 2.2% Since Last Earnings Report?
See More Headlines
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HD Company Calendar

Last Earnings
Ex-Dividend for 9/14 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
29 Analysts


Net Income
$17.11 billion
Pretax Margin


Sales & Book Value

Annual Sales
$157.40 billion
Cash Flow
$19.33 per share
Book Value
$1.33 per share


Outstanding Shares
Free Float
Market Cap
$306.41 billion

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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.

HD Stock - Frequently Asked Questions

Should I buy or sell Home Depot stock right now?

29 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Home Depot in the last year. There are currently 14 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street 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 equities research analysts have issued 1 year price objectives for Home Depot's stock. Their HD share price forecasts range from $286.00 to $384.00. On average, they expect the company's share price to reach $340.47 in the next twelve months. This suggests a possible upside of 11.4% 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 decreased by 3.2% and is now trading at $305.73.
View the best growth stocks for 2023 here

Are investors shorting Home Depot?

Home Depot saw a increase in short interest during 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 short-interest ratio is presently 2.5 days. Currently, 1.0% of the company's shares 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, 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, topping analysts' consensus estimates of $4.45 by $0.20. The home improvement retailer earned $42.92 billion during the quarter, compared to analysts' expectations 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 company's quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $5.05 EPS.
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, August 17th. Stockholders of record on Thursday, August 31st will be paid a dividend of $2.09 per share on Thursday, September 14th. This represents a $8.36 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend is Wednesday, August 30th.
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 2.69%. 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 initiated a share repurchase plan on Tuesday, August 15th 2023, which allows the company to buyback $15,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to buy up to 4.6% of its shares through open market purchases. Shares buyback plans are usually a sign 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 updated 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 variety 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 $305.73.

How much money does Home Depot make?

Home Depot (NYSE:HD) has a market capitalization of $305.75 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 9/22/2023 by MarketBeat.com Staff

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