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 Up 2.1 %

NYSE:HD opened at $311.58 on Thursday. Home Depot has a 52 week low of $264.51 and a 52 week high of $420.61. The business's fifty day simple moving average is $291.02 and its 200-day simple moving average is $309.81. The firm has a market cap of $320.23 billion, a PE ratio of 19.78, a P/E/G ratio of 1.71 and a beta of 0.99.

Home Depot (NYSE:HD - Get Rating) last issued its quarterly earnings results on Tuesday, May 17th. The home improvement retailer reported $4.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.67 by $0.42. The company had revenue of $38.91 billion for the quarter, compared to analyst estimates of $36.78 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 3.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.86 earnings per share. Research analysts expect that Home Depot will post 16.43 EPS 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 issued a $1.90 dividend. The ex-dividend date was Wednesday, June 1st. This represents a $7.60 dividend on an annualized basis and a dividend yield of 2.44%. Home Depot's dividend payout ratio (DPR) is 48.25%.

Analysts Set New Price Targets

Several analysts have weighed in on HD shares. Citigroup upped their target price on Home Depot from $327.00 to $348.00 in a report on Friday, May 20th. Gordon Haskett downgraded Home Depot from a "buy" rating to an "accumulate" rating in a research note on Friday, May 6th. Truist Financial decreased their target price on Home Depot from $405.00 to $375.00 and set a "na" rating on the stock in a report on Wednesday, May 18th. StockNews.com raised Home Depot from a "hold" rating to a "buy" rating in a research report on Monday. Finally, Piper Sandler boosted their price target on Home Depot from $310.00 to $321.00 and gave the company a "neutral" rating in a research note on Wednesday, May 18th. Four equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $366.00.

Insider Transactions at Home Depot

In other news, 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 value of $39,335.28. Following the completion of the transaction, the executive vice president now owns 11,230 shares in the company, valued at approximately $3,248,052.90. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, EVP Hector A. Padilla sold 136 shares of the 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 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 document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Ann Marie Campbell sold 11,293 shares of the stock in a transaction dated Tuesday, May 24th. The shares were sold at an average price of $288.03, for a total value of $3,252,722.79. Following 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. Company insiders own 0.17% of the company's stock.