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 Price Performance

Shares of NYSE:HD opened at $327.38 on Wednesday. The firm has a market capitalization of $336.47 billion, a PE ratio of 20.79, a price-to-earnings-growth ratio of 1.74 and a beta of 0.99. The firm's 50-day moving average is $292.33 and its two-hundred day moving average is $308.25. Home Depot has a 1 year low of $264.51 and a 1 year high of $420.61.

Home Depot (NYSE:HD - Get Rating) last issued its quarterly earnings results on Tuesday, August 16th. The home improvement retailer reported $5.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.95 by $0.10. The company had revenue of $43.79 billion for the quarter, compared to analyst estimates of $43.33 billion. Home Depot had a net margin of 10.83% and a negative return on equity of 21,952.60%. The business's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.53 earnings per share. Analysts expect that Home Depot will post 16.42 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 16th. Shareholders of record on Thursday, June 2nd were paid a dividend of $1.90 per share. The ex-dividend date of this dividend was Wednesday, June 1st. This represents a $7.60 dividend on an annualized basis and a yield of 2.32%. Home Depot's dividend payout ratio (DPR) is presently 48.25%.

Analysts Set New Price Targets

Several brokerages have issued reports on HD. DA Davidson lowered their target price on shares of Home Depot from $354.00 to $330.00 and set a "na" rating on the stock in a research note on Wednesday, May 18th. Guggenheim lowered their target price on shares of Home Depot from $400.00 to $350.00 and set a "na" rating on the stock in a research note on Wednesday, May 18th. 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. Jefferies Financial Group lowered 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 report on Wednesday, May 18th. Finally, Wedbush lowered their price target on shares of Home Depot from $340.00 to $320.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 18th. Four research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $365.09.

Insiders Place Their Bets

In other news, EVP Ann Marie Campbell sold 11,293 shares of the business's stock in a transaction dated 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 of the company's stock, valued at $14,739,935.25. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, EVP Ann Marie Campbell sold 11,293 shares of the business's stock in a transaction dated 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 of the company's stock, valued at $14,739,935.25. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Becker Caryn Seidman acquired 1,500 shares of the stock in a transaction dated Monday, May 23rd. The shares were bought at an average cost of $287.73 per share, with a total value of $431,595.00. Following the completion of the transaction, the director now owns 1,500 shares of the company's stock, valued at approximately $431,595. The disclosure for this purchase can be found here. Insiders own 0.17% of the company's stock.