Home Depot (HD) Stock Forecast, Price & News

26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Home Depot in the last twelve months. There are currently 12 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" HD shares.
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26 brokerages have issued 12 month price targets for Home Depot's stock. Their HD share price forecasts range from $280.00 to $400.00. On average, they predict the company's stock price to reach $323.96 in the next year. This suggests a possible upside of 7.6% from the stock's current price.
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Home Depot's stock was trading at $315.86 at the start of the year. Since then, HD shares have decreased by 4.7% and is now trading at $301.09.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 15th 2023.
View our HD earnings forecast.

The Home Depot, Inc. (NYSE:HD) issued its earnings results on Tuesday, May, 16th. The home improvement retailer reported $3.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.80 by $0.02. The home improvement retailer had revenue of $37.26 billion for the quarter, compared to analyst estimates of $38.35 billion. Home Depot had a net margin of 10.75% and a trailing twelve-month return on equity of 1,936.63%. The firm's revenue was down 4.2% compared to the same quarter last year. During the same period last year, the firm earned $4.09 earnings per share.
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Home Depot announced a quarterly dividend on Thursday, May 18th. Stockholders of record on Thursday, June 1st will be paid a dividend of $2.09 per share on Thursday, June 15th. This represents a $8.36 annualized dividend and a dividend yield of 2.78%. The ex-dividend date is Wednesday, May 31st.
Read our dividend analysis for HD.

ETFs with the largest weight of Home Depot (NYSE:HD) stock in their portfolio include iShares U.S. Consumer Focused ETF (IEDI), Consumer Discretionary Select Sector SPDR Fund (XLY), VanEck Retail ETF (RTH), Daily Consumer Discretionary Bull 3X (WANT), Fidelity MSCI Consumer Discretionary Index ETF (FDIS), Vanguard Consumer Discretionary ETF (VCR), ProShares Ultra Consumer Discretionary (UCC) and Global X Dow 30 Covered Call ETF (DJIA).

Home Depot (NYSE:HD) pays an annual dividend of $8.36 per share and currently has a dividend yield of 2.85%. The company has been increasing its dividend for 14 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 50.94%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HD will have a dividend payout ratio of 52.05% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HD.

Home Depot declared that its Board of Directors has authorized a share repurchase plan on Thursday, August 18th 2022, which allows the company to repurchase $15,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 4.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

Home Depot issued an update on its FY 2023 earnings guidance on Friday, May, 26th. The company provided EPS guidance of $14.52-$15.52 for the period, compared to the consensus EPS estimate of $15.74. The company issued revenue guidance of $149.53 billion-$154.25 billion, compared to the consensus revenue estimate of $156.34 billion.

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.

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).

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

Home Depot's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.62%), State Street Corp (4.50%), Geode Capital Management LLC (1.89%), Wellington Management Group LLP (1.55%), Charles Schwab Investment Management Inc. (1.30%) and FMR LLC (1.09%). 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.
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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.
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One share of HD stock can currently be purchased for approximately $301.09.

Home Depot (NYSE:HD) has a market capitalization of $302.71 billion and generates $155.75 billion in revenue each year. The home improvement retailer earns $17.11 billion in net income (profit) each year or $16.41 on an earnings per share basis.

The company employs 518,100 workers across the globe.

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.