Home Depot Stock Forecast, Price & News

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Home Depot in the last year. There are currently 4 hold ratings and 16 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" Home Depot stock.
View analyst ratings for Home Depot or view top-rated stocks.

20 brokerages have issued 1-year price targets for Home Depot's stock. Their HD stock forecasts range from $285.00 to $470.00. On average, they expect Home Depot's share price to reach $369.82 in the next year. This suggests a possible upside of 34.8% from the stock's current price.
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Home Depot's stock was trading at $415.01 on January 1st, 2022. Since then, HD shares have decreased by 33.9% and is now trading at $274.27.
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Home Depot is scheduled to release its next quarterly earnings announcement on Tuesday, August 16th 2022.
View our earnings forecast for Home Depot.

The Home Depot, Inc. (NYSE:HD) announced its earnings results on Tuesday, May, 17th. The home improvement retailer reported $4.09 EPS for the quarter, beating the consensus estimate of $3.67 by $0.42. The home improvement retailer had revenue of $38.91 billion for the quarter, compared to analyst estimates of $36.78 billion. Home Depot had a negative trailing twelve-month return on equity of 21,952.16% and a net margin of 10.83%. The firm's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.86 EPS.
View Home Depot's earnings history.

Home Depot declared a quarterly dividend on Thursday, May 19th. Shareholders of record on Thursday, June 2nd will be given a dividend of $1.90 per share on Thursday, June 16th. This represents a $7.60 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Wednesday, June 1st.
View Home Depot's dividend history.

Home Depot(NYSE:HD) pays an annual dividend of $7.60 per share and currently has a dividend yield of 2.78%. Home Depot 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 of Home Depot is 48.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Home Depot will have a dividend payout ratio of 43.45% next year. This indicates that Home Depot will be able to sustain or increase its dividend.
View Home Depot's dividend history.

Home Depot declared that its Board of Directors has initiated a share repurchase program on Thursday, May 20th 2021, which allows the company to buyback $20,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 5.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its stock is undervalued.

Home Depot issued an update on its FY 2022 earnings guidance on Tuesday, June, 14th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $155.69 billion-$155.69 billion, compared to the consensus revenue estimate of $153.93 billion.

7,985 employees have rated Home Depot CEO Craig Menear on Glassdoor.com. Craig Menear has an approval rating of 84% among Home Depot's employees.

Some companies that are related to Home Depot include Lowe's Companies (LOW), Builders FirstSource (BLDR), Builders FirstSource (BLDR), Floor & Decor (FND), LL Flooring (LL), Jewett-Cameron Trading (JCTCF), Latitude 360 (LATX), Travis Perkins (TVPKF) and Wisdom Homes of America (WOFA).
View all of HD's competitors.

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."

Shares of HD 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 $274.27.

Home Depot (NYSE:HD) has a market capitalization of $281.88 billion and generates $151.16 billion in revenue each year. The home improvement retailer earns $16.43 billion in net income (profit) each year or $15.75 on an earnings per share basis.

Home Depot employs 490,600 workers across the globe.

Home Depot was founded in 1978.

Home Depot's mailing address is 2455 PACES FERRY ROAD, ATLANTA GA, 30339. The official website for Home Depot is www.homedepot.com. The home improvement retailer can be reached via phone at (770) 433-8211, via email at [email protected], or via fax at 770-431-2707.