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.

Wall Street Analysts Forecast Growth

HD has been the subject of a number of research analyst reports. OTR Global downgraded shares of Home Depot to a "positive" rating in a research note on Tuesday, May 10th. Jefferies Financial Group lowered their target price on Home Depot from $420.00 to $400.00 and set a "buy" rating on the stock in a report on Wednesday, May 18th. DA Davidson decreased their price objective on Home Depot from $354.00 to $330.00 and set a "na" rating for the company in a research report on Wednesday, May 18th. Raymond James cut their price objective on Home Depot from $350.00 to $340.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 18th. Finally, Truist Financial lowered their price objective on Home Depot from $405.00 to $375.00 and set a "na" 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. Based on data from MarketBeat, Home Depot presently has a consensus rating of "Moderate Buy" and a consensus price target of $366.00.

Home Depot Stock Performance

Shares of Home Depot stock traded down $4.06 during trading on Monday, hitting $310.83. 19,947 shares of the stock traded hands, compared to its average volume of 4,474,777. The company has a fifty day moving average price of $291.60 and a two-hundred day moving average price of $308.48. Home Depot has a twelve month low of $264.51 and a twelve month high of $420.61. The stock has a market cap of $319.46 billion, a P/E ratio of 19.99, a PEG ratio of 1.74 and a beta of 0.99.

Home Depot (NYSE:HD - Get Rating) last announced its quarterly earnings results on Tuesday, May 17th. The home improvement retailer reported $4.09 EPS for the quarter, beating the consensus estimate of $3.67 by $0.42. The business had revenue of $38.91 billion for the quarter, compared to analyst estimates of $36.78 billion. Home Depot had a negative return on equity of 21,952.60% and a net margin of 10.83%. Home Depot's quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.86 EPS. On average, equities research analysts expect that Home Depot will post 16.42 EPS for the current fiscal 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 2.45%. Home Depot's dividend payout ratio is currently 48.25%.

Insider Activity at Home Depot

In other news, EVP Hector A. Padilla sold 136 shares of the stock in a transaction that occurred on Thursday, May 19th. The stock was sold at an average price of $289.23, for a total transaction of $39,335.28. Following the transaction, the executive vice president now owns 11,230 shares in the company, valued at $3,248,052.90. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Becker Caryn Seidman bought 1,500 shares of the firm's stock in a transaction that occurred on Monday, May 23rd. The stock was acquired at an average cost of $287.73 per share, with a total value of $431,595.00. Following the transaction, the director now directly owns 1,500 shares of the company's stock, valued at approximately $431,595. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Hector A. Padilla sold 136 shares of the company's stock in a transaction that occurred on Thursday, May 19th. The shares were 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 directly owns 11,230 shares of the company's stock, valued at $3,248,052.90. The disclosure for this sale can be found here. Insiders own 0.17% of the company's stock.