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 Down 0.1 %

HD Stock opened at $314.61 on Tuesday. Home Depot has a fifty-two week low of $264.51 and a fifty-two week high of $420.61. The firm's 50-day simple moving average is $291.82 and its 200 day simple moving average is $308.11. The stock has a market cap of $323.34 billion, a PE ratio of 19.98, a price-to-earnings-growth ratio of 1.74 and a beta of 0.99.

Home Depot (NYSE:HD - Get Rating) last released its 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 firm had revenue of $38.91 billion for the quarter, compared to analysts' expectations of $36.78 billion. Home Depot had a net margin of 10.83% and a negative return on equity of 21,952.60%. Home Depot's quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the company earned $3.86 EPS. Equities analysts forecast that Home Depot will post 16.42 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 16th. Shareholders of record on Thursday, June 2nd were issued a $1.90 dividend. This represents a $7.60 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend was Wednesday, June 1st. Home Depot's payout ratio is 48.25%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on HD. Wedbush decreased their price objective on shares of Home Depot from $340.00 to $320.00 and set a "neutral" rating for the company in a research note on Wednesday, May 18th. Jefferies Financial Group cut their price objective on shares of Home Depot from $420.00 to $400.00 and set a "buy" rating on the stock in a report on Wednesday, May 18th. MKM Partners initiated coverage on shares of Home Depot in a report on Thursday, June 23rd. They issued a "neutral" rating and a $285.00 price target on the stock. Truist Financial dropped their price objective on shares of Home Depot from $405.00 to $375.00 and set a "na" rating on the stock in a report on Wednesday, May 18th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Home Depot from $335.00 to $311.00 and set an "overweight" rating on the stock in a report on Tuesday, August 9th. 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.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $366.00.

Insider Buying and Selling

In related news, EVP Hector A. Padilla sold 136 shares of the firm'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 transaction of $39,335.28. Following the transaction, the executive vice president now owns 11,230 shares of the company's stock, valued at $3,248,052.90. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Home Depot news, Director Becker Caryn Seidman purchased 1,500 shares of the firm's stock in a transaction on Monday, May 23rd. The shares were purchased at an average price of $287.73 per share, for a total transaction of $431,595.00. Following the completion of the purchase, the director now directly owns 1,500 shares of the company's stock, valued at $431,595. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Hector A. Padilla sold 136 shares of the business's stock in a transaction 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 owns 11,230 shares in the company, valued at approximately $3,248,052.90. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by corporate insiders.