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NYSE:HD

Home Depot - HD Stock Forecast, Price & News

$331.01
+2.92 (+0.89%)
(As of 02/2/2023 09:17 AM ET)
Add
Compare
Today's Range
$331.01
$331.01
50-Day Range
$310.88
$333.43
52-Week Range
$264.51
$372.12
Volume
12,550 shs
Average Volume
3.00 million shs
Market Capitalization
$338.86 billion
P/E Ratio
19.95
Dividend Yield
2.34%
Price Target
$341.24

Home Depot MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.68 Rating Score
Upside/​Downside
4.0% Upside
$341.24 Price Target
Short Interest
Healthy
1.18% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.92
Upright™ Environmental Score
News Sentiment
0.67mentions of Home Depot in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$622,580 Sold Last Quarter
Proj. Earnings Growth
2.28%
From $16.64 to $17.02 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.74 out of 5 stars

Retail/Wholesale Sector

27th out of 216 stocks

Lumber & Other Building Materials Industry

2nd out of 4 stocks


HD stock logo

About Home Depot (NYSE:HD) Stock

Home Depot is a US-based multinational big-box retailer focusing on the home improvement market. It is the largest home improvement retailer in the US and has operations in all Canadian provinces, all Mexican states, Guam, Puerto Rico and the U.S. Virgin Islands. The company employs more than 490,000 individuals and brought in more than $150 billion in revenue for fiscal 2021.

Home Depot was founded in 1978 by five partners with a vision to become the largest home supply superstore. The company got its first financing with the aid of Ken Langone and opened its first two stores in 1979. By 1981 the company was going public with an IPO on the NASDAQ stock exchange that raised a whopping $4.1 million. The company switched its listing to the New York Stock Exchange in 1984 and has been traded there ever since.

1984 also brought the company’s first expansions outside its home territory of Georgia. By the end of the year, there were 19 Home Depots, and by 1989 it was indeed the largest home improvement retailer in the U.S. Not long after, to spur additional growth, the company added a line of product installation services that was very successful. That same year, in 1991, the company began making its first major acquisitions.

By 1995 Home Depot operated 350 stores across the contiguous US. It moved into the Mexican market in 2002 and opened its first landscape supply. In 2008 the company experienced its first decline in business due to the housing market bubble and subsequent economic recession, but the company was able to weather the storm. Growth was back on the table in 2013, and momentum has built since then.

Today, Home Depot operates a network of more than 3,500 stores in North America and adjacent territories. The company lists 35,000 products in-store with another 1 million online. In regard to eCommerce, Home Depot has been a leader in digital sales channels and launched its digital store in 2000, more than a decade ahead of many others in the retail industry. The company’s goal here is to provide a seamless experience between online and physical retail they call The One Home Depot strategy.

Home Depot is also a leader in customer-centric and employee-centric operations. The company’s guiding principle is illustrated by an inverted pyramid with customers at the top and the CEO at the bottom. In between are the front-line associates, field and customer support to make it all work. The company believes its total addressable market is worth $900 billion in annual sales, leaving plenty of room to continue growing. The near-term goal is to top $200 billion in annual sales, which will happen before 2030.

Home Depot’s mascot is Homer D. Poe. Homer D. Poe is a friendly-looking fellow wearing a cap that has been featured in Home Improvement advertising and merchandising materials for over three decades.




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HD Stock News Headlines

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Is 2023 the year when the consumer discretionary sector, will come roaring back, led by expected earnings growth in Amazon?
Cash Holders STILL Aren't Taking Steps to Prepare
Stocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.
Better Buy: Costco or Home Depot?
The Biggest "Missing Ingredient" in the $7 Trillion EV Market
China has owned the graphite market for decades. But the U.S. just added graphite to a list of super-critical minerals... "essential for America's National Defense." Perfect timing for a "made in America" graphite company looking to mine, manufacture, and recycle graphite for the booming electric car market.
A Bull Market Is Coming. Here's How to Prepare in 2023.
HD The Home Depot, Inc.
Home Depot quadruples annual HBCU investments
12 Best S&P 500 Dividend Stocks To Buy
Short Interest in The Home Depot, Inc. (NYSE:HD) Grows By 6.7%
Better Buy: Home Depot vs. Wayfair
Better Buy: Home Depot or Walmart Stock?
See More Headlines
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HD Company Calendar

Last Earnings
11/15/2022
Ex-Dividend for 12/15 Dividend
11/30/2022
Dividend Payable
12/15/2022
Today
2/02/2023
Next Earnings (Confirmed)
2/21/2023
Fiscal Year End
1/31/2024

Industry, Sector and Symbol

Industry
Lumber & other building materials
Sub-Industry
Home Improvement Retail
CUSIP
43707610
Employees
490,600
Year Founded
1978

Price Target and Rating

Average Stock Price Forecast
$341.24
High Stock Price Forecast
$394.00
Low Stock Price Forecast
$280.00
Forecasted Upside/Downside
+3.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.68
Research Coverage
25 Analysts

Profitability

Net Income
$16.43 billion
Pretax Margin
14.39%

Debt

Sales & Book Value

Annual Sales
$151.16 billion
Cash Flow
$18.87 per share
Book Value
($1.62) per share

Miscellaneous

Outstanding Shares
1,023,730,000
Free Float
1,021,986,000
Market Cap
$338.86 billion
Optionable
Optionable
Beta
0.93

Social Links


Key Executives

  • Ted Decker
    Chairman, President & Chief Executive Officer
  • Haydn Chilcott
    Senior Vice President-Operations
  • Richard V. McPhailRichard V. McPhail
    Chief Financial Officer & Executive Vice President
  • Fahim Siddiqui
    Chief Information Officer & Executive VP
  • Paul Antony
    Senior Vice President-Technology













HD Stock - Frequently Asked Questions

Should I buy or sell Home Depot stock right now?

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Home Depot in the last twelve months. There are currently 8 hold ratings and 17 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" HD shares.
View HD analyst ratings
or view top-rated stocks.

What is Home Depot's stock price forecast for 2023?

25 Wall Street research analysts have issued twelve-month target prices for Home Depot's stock. Their HD share price forecasts range from $280.00 to $394.00. On average, they anticipate the company's share price to reach $341.24 in the next twelve months. This suggests a possible upside of 4.0% from the stock's current price.
View analysts price targets for HD
or view top-rated stocks among Wall Street analysts.

How have HD shares performed in 2023?

Home Depot's stock was trading at $315.86 at the start of the year. Since then, HD shares have increased by 3.9% and is now trading at $328.09.
View the best growth stocks for 2023 here
.

Are investors shorting Home Depot?

Home Depot saw a drop in short interest in January. As of January 15th, there was short interest totaling 11,990,000 shares, a drop of 9.3% from the December 31st total of 13,220,000 shares. Based on an average trading volume of 4,020,000 shares, the days-to-cover ratio is presently 3.0 days. Currently, 1.2% of the shares of the company are short sold.
View Home Depot's Short Interest
.

When is Home Depot's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 21st 2023.
View our HD earnings forecast
.

How can I listen to Home Depot's earnings call?

Home Depot will be holding an earnings conference call on Tuesday, February 21st at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Home Depot's earnings last quarter?

The Home Depot, Inc. (NYSE:HD) posted its quarterly earnings data on Tuesday, November, 15th. The home improvement retailer reported $4.24 EPS for the quarter, topping the consensus estimate of $4.11 by $0.13. The home improvement retailer had revenue of $38.87 billion for the quarter, compared to analyst estimates of $37.96 billion. Home Depot had a net margin of 10.87% and a negative trailing twelve-month return on equity of 3,656.69%. The firm's revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the previous year, the business earned $3.92 EPS.
Read the conference call transcript
.

How often does Home Depot pay dividends? What is the dividend yield for Home Depot?

Home Depot announced a quarterly dividend on Thursday, November 17th. Shareholders of record on Thursday, December 1st will be given a dividend of $1.90 per share on Thursday, December 15th. This represents a $7.60 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend is Wednesday, November 30th.
Read our dividend analysis for HD
.

Is Home Depot a good dividend stock?

Home Depot (NYSE:HD) pays an annual dividend of $7.60 per share and currently has a dividend yield of 2.42%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 45.81%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HD will have a dividend payout ratio of 44.65% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HD.

How will Home Depot's stock buyback program work?

Home Depot announced that its board has authorized a stock buyback plan on Thursday, August 18th 2022, which allows the company to buyback $15,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to buy up to 4.5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's management believes its stock is undervalued.

What is Craig Menear's approval rating as Home Depot's CEO?

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.

What other stocks do shareholders of Home Depot own?

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).

What is Home Depot's stock symbol?

Home Depot trades on the New York Stock Exchange (NYSE) under the ticker symbol "HD."

Who are Home Depot's major shareholders?

Home Depot's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Cottage Street Advisors LLC (0.35%), Sumitomo Mitsui Trust Holdings Inc. (0.33%), New York State Common Retirement Fund (0.19%), New York State Teachers Retirement System (0.12%), Parnassus Investments LLC (0.11%) and Fifth Third Bancorp (0.10%). 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
.

How do I buy shares of Home Depot?

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.
Compare Top Brokerages Here.

What is Home Depot's stock price today?

One share of HD stock can currently be purchased for approximately $328.09.

How much money does Home Depot make?

Home Depot (NYSE:HD) has a market capitalization of $335.88 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 $16.59 on an earnings per share basis.

How many employees does Home Depot have?

The company employs 490,600 workers across the globe.

Does Home Depot have any subsidiaries?
The following companies are subsidiares of Home Depot: Apex Supply, Askuity, BlackLocus, Chem-Dry, Compact Power Equipment, HD Development Holdings Inc., HD Development of Maryland Inc., HD Supply Distribution Services, Home Decorators Collection, Home Depot International Inc., Home Depot Product Authority LLC, Home Depot U.S.A. Inc., Home Depot of Canada Inc., Home Mart Mexico, Hughes Supply, Interline Brands, Measurecomp, National Waterworks Holdings, Redbeacon, US Home Systems, White Cap Construction Supply, Your Other Warehouse, and blinds.com.
Read More
How can I contact Home Depot?

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.

This page (NYSE:HD) was last updated on 2/2/2023 by MarketBeat.com Staff