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 Trading Up 1.4 %

Home Depot stock 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. The firm has a market capitalization of $323.63 billion, a price-to-earnings ratio of 19.99, a price-to-earnings-growth ratio of 1.72 and a beta of 0.99. The firm's 50-day simple moving average is $291.60 and its 200 day simple moving average is $309.15. Home Depot has a 52 week low of $264.51 and a 52 week high of $420.61.

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

Home Depot Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend was Wednesday, June 1st. This represents a $7.60 annualized dividend and a dividend yield of 2.41%. Home Depot's payout ratio is 48.25%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on HD. Citigroup lifted their price objective on Home Depot from $327.00 to $348.00 in a research note on Friday, May 20th. Jefferies Financial Group dropped their price target on shares of Home Depot from $420.00 to $400.00 and set a "buy" rating on the stock in a research note on Wednesday, May 18th. Guggenheim reduced their price objective on shares of Home Depot from $400.00 to $350.00 and set a "na" rating for the company in a research note on Wednesday, May 18th. Evercore ISI dropped their target price on shares of Home Depot to $360.00 in a research note on Thursday, June 9th. Finally, OTR Global cut shares of Home Depot to a "positive" rating in a report on Tuesday, May 10th. Four equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $366.00.

Insider Activity at Home Depot

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