Home Depot - HD Stock Forecast, Price & News

29 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Home Depot in the last twelve months. There are currently 12 hold ratings and 17 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" HD shares.
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29 Wall Street research analysts have issued 12-month price objectives for Home Depot's shares. Their HD share price forecasts range from $286.00 to $400.00. On average, they anticipate the company's stock price to reach $331.45 in the next year. This suggests a possible upside of 17.1% 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 on January 1st, 2023. Since then, HD shares have decreased by 10.4% and is now trading at $283.02.
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Home Depot saw a increase in short interest in February. As of February 28th, there was short interest totaling 12,150,000 shares, an increase of 10.7% from the February 13th total of 10,980,000 shares. Based on an average daily volume of 3,670,000 shares, the short-interest ratio is currently 3.3 days. Approximately 1.2% of the company's stock are short sold.
View Home Depot's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 16th 2023.
View our HD earnings forecast.

The Home Depot, Inc. (NYSE:HD) issued its quarterly earnings data on Tuesday, February, 21st. The home improvement retailer reported $3.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.26 by $0.04. The home improvement retailer earned $35.83 billion during the quarter, compared to the consensus estimate of $36 billion. Home Depot had a trailing twelve-month return on equity of 4,929.40% and a net margin of 10.87%. The business's quarterly revenue was up .3% on a year-over-year basis. During the same quarter last year, the company earned $3.21 EPS.
Read the conference call transcript.

Home Depot announced a quarterly dividend on Tuesday, February 21st. Stockholders of record on Thursday, March 9th will be paid a dividend of $2.09 per share on Thursday, March 23rd. This represents a $8.36 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date is Wednesday, March 8th. This is an increase from the stock's previous quarterly dividend of $1.90.
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), Consumer Discretionary Select Sector SPDR Fund (XLY), Fidelity MSCI Consumer Discretionary Index ETF (FDIS), Vanguard Consumer Discretionary Fund (VCR), Daily Consumer Discretionary Bull 3X (WANT), Global X Dow 30 Covered Call ETF (DJIA) and SPDR Dow Jones Industrial Average ETF Trust (DIA).

Home Depot (NYSE:HD) pays an annual dividend of $8.36 per share and currently has a dividend yield of 2.89%. 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 50.12%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HD will have a dividend payout ratio of 49.32% 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 authorized a stock buyback program on Thursday, August 18th 2022, which authorizes the company to repurchase $15,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 4.5% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board of directors believes its shares are undervalued.

Home Depot issued an update on its FY24 earnings guidance on Tuesday, February, 21st. The company provided earnings per share (EPS) guidance of ~$15.86 for the period, compared to the consensus estimate of $16.77. The company issued revenue guidance of ~$157.4 billion, compared to the consensus revenue estimate of $158.43 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 number of retail and institutional investors. Top institutional investors include Geode Capital Management LLC (1.86%), Morgan Stanley (1.83%), Charles Schwab Investment Management Inc. (1.21%), Norges Bank (1.16%), Moneta Group Investment Advisors LLC (1.07%) and Alliancebernstein L.P. (0.90%). 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, Matt Carey, Paula Santilli, Richard V Mcphail, Teresa Wynn Roseborough and William G Lennie.
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 $283.02.

Home Depot (NYSE:HD) has a market capitalization of $287.25 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 $16.68 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.