Home Depot - HD Stock Forecast, Price & News

The Home Depot, Inc. operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products The company also offers installation services for flooring, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows. In addition, it provides tool and equipment rental services. The company primarily serves homeowners; and professional renovators/remodelers, general contractors, maintenance professionals, handymen, property managers, building service contractors, and specialty tradesmen, such as electricians, plumbers, and painters. It also sells its products through websites, including homedepot.com; blinds.com, an online site for custom window coverings; and thecompanystore.com, an online site for textiles and décor products. As of December 31, 2021, the company operated 2,317 stores in the United States. The Home Depot, Inc. was incorporated in 1978 and is based in Atlanta, Georgia.

Home Depot Stock Performance

Shares of NYSE:HD traded up $4.20 during trading on Friday, reaching $314.89. The company had a trading volume of 2,273,796 shares, compared to its average volume of 2,787,821. Home Depot has a 52 week low of $264.51 and a 52 week high of $420.61. The stock has a market cap of $323.63 billion, a PE ratio of 19.99, a PEG ratio of 1.74 and a beta of 0.99. The business's 50 day moving average price is $291.60 and its 200-day moving average price is $308.81.

Home Depot (NYSE:HD - Get Rating) last announced its earnings results on Tuesday, May 17th. The home improvement retailer reported $4.09 earnings per share for the quarter, topping analysts' consensus estimates of $3.67 by $0.42. Home Depot had a net margin of 10.83% and a negative return on equity of 21,952.60%. The company had revenue of $38.91 billion during the quarter, compared to the consensus estimate of $36.78 billion. During the same period in the previous year, the firm posted $3.86 earnings per share. The company's revenue was up 3.8% on a year-over-year basis. Equities analysts anticipate that Home Depot will post 16.42 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 16th. Stockholders of record on Thursday, June 2nd were given a dividend of $1.90 per share. This represents a $7.60 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend was Wednesday, June 1st. Home Depot's dividend payout ratio is 48.25%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on HD. Raymond James lowered their target price on shares of Home Depot from $350.00 to $340.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 18th. JPMorgan Chase & Co. decreased their price target on shares of Home Depot from $335.00 to $311.00 and set an "overweight" rating on the stock in a research report on Tuesday, August 9th. MKM Partners assumed coverage on shares of Home Depot in a research report on Thursday, June 23rd. They issued a "neutral" rating and a $285.00 price target on the stock. DA Davidson decreased their price target on shares of Home Depot from $354.00 to $330.00 and set a "na" rating on the stock in a research report on Wednesday, May 18th. Finally, StockNews.com raised shares of Home Depot from a "hold" rating to a "buy" rating in a report on Monday, August 8th. Four research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. According to data from MarketBeat, Home Depot currently has an average rating of "Moderate Buy" and an average target price of $366.00.

Insider Transactions at Home Depot

In other news, EVP Ann Marie Campbell sold 11,293 shares of Home Depot stock in a transaction that occurred on Tuesday, May 24th. The shares were sold at an average price of $288.03, for a total transaction of $3,252,722.79. Following the completion of the sale, the executive vice president now owns 51,175 shares in the company, valued at approximately $14,739,935.25. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, EVP Ann Marie Campbell sold 11,293 shares of Home Depot stock in a transaction that occurred on Tuesday, May 24th. The shares were sold at an average price of $288.03, for a total transaction of $3,252,722.79. Following the completion of the sale, the executive vice president now owns 51,175 shares in the company, valued at approximately $14,739,935.25. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Hector A. Padilla sold 136 shares of Home Depot stock in a transaction that occurred on Thursday, May 19th. The stock was sold at an average price of $289.23, for a total transaction of $39,335.28. Following the sale, the executive vice president now owns 11,230 shares of the company's stock, valued at approximately $3,248,052.90. The disclosure for this sale can be found here. 0.17% of the stock is owned by corporate insiders.