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S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
WARNING: Mandatory U.S. Dollar Recall is Weeks Away (Ad)
Who is Arthur Engoron? Judge weighing future of Donald Trump empire is Ivy League-educated ex-cabbie
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
WARNING: Mandatory U.S. Dollar Recall is Weeks Away (Ad)
Federal student loan payments are starting again. Here's what you need to know
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
WARNING: Mandatory U.S. Dollar Recall is Weeks Away (Ad)
A fight over precious groundwater in a rural California town is rooted in carrots
Indonesia is set to launch Southeast Asia's first high-speed railway, largely funded by China
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
WARNING: Mandatory U.S. Dollar Recall is Weeks Away (Ad)
Who is Arthur Engoron? Judge weighing future of Donald Trump empire is Ivy League-educated ex-cabbie
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
WARNING: Mandatory U.S. Dollar Recall is Weeks Away (Ad)
Federal student loan payments are starting again. Here's what you need to know
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
WARNING: Mandatory U.S. Dollar Recall is Weeks Away (Ad)
A fight over precious groundwater in a rural California town is rooted in carrots
Indonesia is set to launch Southeast Asia's first high-speed railway, largely funded by China
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
WARNING: Mandatory U.S. Dollar Recall is Weeks Away (Ad)
Who is Arthur Engoron? Judge weighing future of Donald Trump empire is Ivy League-educated ex-cabbie
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
WARNING: Mandatory U.S. Dollar Recall is Weeks Away (Ad)
Federal student loan payments are starting again. Here's what you need to know
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
WARNING: Mandatory U.S. Dollar Recall is Weeks Away (Ad)
A fight over precious groundwater in a rural California town is rooted in carrots
Indonesia is set to launch Southeast Asia's first high-speed railway, largely funded by China

Home Depot (HD) Stock Forecast, Price & News

$302.16
-1.33 (-0.44%)
(As of 09/29/2023 ET)
Compare
Today's Range
$299.82
$305.67
50-Day Range
$301.92
$333.84
52-Week Range
$267.86
$347.25
Volume
3.50 million shs
Average Volume
2.62 million shs
Market Capitalization
$302.18 billion
P/E Ratio
18.87
Dividend Yield
2.77%
Price Target
$340.47

Home Depot MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.52 Rating Score
Upside/​Downside
12.7% Upside
$340.47 Price Target
Short Interest
Healthy
0.99% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.92
Upright™ Environmental Score
News Sentiment
0.79mentions of Home Depot in the last 14 days
Based on 37 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.

2.85 out of 5 stars

Retail/Wholesale Sector

23rd out of 213 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.




HD Price History

HD Stock News Headlines

3 Top-Rated, Oversold Industry Giants
Three stocks, each hailing from diverse sectors, have recently traded into oversold territory and are either one of the most upgraded or top-rated stocks.
Is the Grinch Stealing This Year's Holiday Season Jobs? (HD)
Amid rising labor costs and interest rates, as well as a possible Q4 economic slowdown, retailers and logistics companies are using caution in seasonal hiring.
Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
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.
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.
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.
"Chilling War Games Show US Forces Crushed" – FOX NEWS
=== BREAKING === "Chilling War Games Show US Forces Crushed" - FOX NEWS After losing to China in repeated war games, U.S. military to spend billions on new "living missile" for armed forces. Investors stand to reap 35,960% on shares of small defense contractor that makes powerful new weapon. Get the name of the stock here >>>
Home Depot (NYSE:HD) Stock Rating Lowered by StockNews.com
1 Bright Green Flag for Home Depot Stock
Home Depot Stock (NYSE:HD): Dividend Growth Story Intact Despite Headwinds
HD, LOW: 2 Home Improvement Stocks to Play a Housing Recovery
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
10/01/2023
Next Earnings (Estimated)
11/21/2023
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
$340.47
High Stock Price Forecast
$384.00
Low Stock Price Forecast
$286.00
Forecasted Upside/Downside
+12.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.52
Research Coverage
29 Analysts

Profitability

Net Income
$17.11 billion
Pretax Margin
13.79%

Debt

Sales & Book Value

Annual Sales
$157.40 billion
Cash Flow
$19.62 per share
Book Value
$1.33 per share

Miscellaneous

Outstanding Shares
1,000,070,000
Free Float
998,166,000
Market Cap
$302.18 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.













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 brokers have issued 1-year price objectives for Home Depot's shares. Their HD share price forecasts range from $286.00 to $384.00. On average, they predict the company's share price to reach $340.47 in the next twelve months. This suggests a possible upside of 12.7% 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 4.3% and is now trading at $302.16.
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, 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 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 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 revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business 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 paid a dividend of $2.09 per share on Thursday, September 14th. This represents a $8.36 dividend on an annualized basis and a dividend yield of 2.77%. 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 2.77%. 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 declared that its Board of Directors has approved a stock buyback program on Tuesday, August 15th 2023, which permits the company to repurchase $15,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 4.6% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board of directors believes its stock is 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 guidance of $14.52-$15.52 for the period, compared to the consensus earnings per share 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."

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 $302.16.

How much money does Home Depot make?

Home Depot (NYSE:HD) has a market capitalization of $302.18 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 10/1/2023 by MarketBeat.com Staff

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