Home Depot (HD) Stock Forecast, Price & News

29 Wall Street 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 research analysts is that investors should "moderate buy" HD shares.
View HD analyst ratings or view top-rated stocks.

29 brokers have issued 12-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 year. 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.

Home Depot's stock was trading at $315.86 at the start of the year. Since then, HD stock has decreased by 3.2% and is now trading at $305.73.
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Home Depot saw a increase in short interest in 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 trading volume, of 3,900,000 shares, the days-to-cover ratio is currently 2.5 days. Currently, 1.0% of the shares of the stock are sold short.
View Home Depot's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 21st 2023.
View our HD earnings forecast.

The Home Depot, Inc. (NYSE:HD) announced its quarterly earnings results 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%. Home Depot's revenue was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.05 earnings per share.
Read the conference call transcript.

Home Depot declared a quarterly dividend on Thursday, August 17th. Investors 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 dividend yield of 2.73%. The ex-dividend date is Wednesday, August 30th.
Read our dividend analysis for HD.

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).

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.

Home Depot declared that its Board of Directors has initiated a share buyback program on Tuesday, August 15th 2023, which allows the company to repurchase $15,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 4.6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's management believes its shares are undervalued.

Home Depot issued an update on its FY 2023 earnings guidance on Tuesday, August, 15th. The company provided 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.

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.

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).

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

Home Depot's stock is owned by a variety of retail and institutional investors. Top institutional shareholders 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.

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.
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One share of HD stock can currently be purchased for approximately $305.73.

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.

The company employs 518,100 workers across the globe.

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.