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 Trading Up 0.8 %

NYSE:HD traded up $2.52 during trading hours on Friday, hitting $309.69. 2,029,298 shares of the stock traded hands, compared to its average volume of 2,755,566. The firm has a 50 day moving average price of $290.90 and a 200 day moving average price of $310.38. Home Depot has a fifty-two week low of $264.51 and a fifty-two week high of $420.61. The firm has a market cap of $318.29 billion, a price-to-earnings ratio of 19.66, a PEG ratio of 2.02 and a beta of 0.99.

Home Depot (NYSE:HD - Get Rating) last announced its earnings results on Tuesday, May 17th. The home improvement retailer reported $4.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.67 by $0.42. Home Depot had a net margin of 10.83% and a negative return on equity of 21,952.60%. The company had revenue of $38.91 billion for the quarter, compared to the consensus estimate of $36.78 billion. During the same period in the previous year, the business earned $3.86 EPS. The company's revenue was up 3.8% on a year-over-year basis. Research analysts predict that Home Depot will post 16.43 EPS for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 16th. Stockholders of record on Thursday, June 2nd were paid a $1.90 dividend. This represents a $7.60 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date was Wednesday, June 1st. Home Depot's dividend payout ratio (DPR) is presently 48.25%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. DA Davidson lowered their target price on Home Depot from $354.00 to $330.00 and set a "na" rating for the company in a report on Wednesday, May 18th. Morgan Stanley lowered their target price on Home Depot from $365.00 to $350.00 and set an "overweight" rating for the company in a report on Wednesday, July 20th. Piper Sandler upped their target price on Home Depot from $310.00 to $321.00 and gave the company a "neutral" rating in a report on Wednesday, May 18th. Evercore ISI lowered their target price on Home Depot to $360.00 in a report on Thursday, June 9th. Finally, Gordon Haskett downgraded Home Depot from a "buy" rating to an "accumulate" rating in a research report on Friday, May 6th. Five equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, Home Depot has a consensus rating of "Moderate Buy" and an average price target of $368.45.

Insider Transactions at Home Depot

In other news, EVP Ann Marie Campbell sold 11,293 shares of the company's stock in a transaction on 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 of the company's stock, valued at $14,739,935.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Home Depot news, Director Becker Caryn Seidman acquired 1,500 shares of the firm's stock in a transaction that occurred on Monday, May 23rd. The stock was purchased at an average cost of $287.73 per share, for a total transaction of $431,595.00. Following the completion of the acquisition, the director now owns 1,500 shares of the company's stock, valued at approximately $431,595. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ann Marie Campbell sold 11,293 shares of the company's stock in a transaction on Tuesday, May 24th. The stock was sold at an average price of $288.03, for a total transaction of $3,252,722.79. Following the completion of the sale, the executive vice president now owns 51,175 shares of the company's stock, valued at $14,739,935.25. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by company insiders.