Home Depot (HD) Stock Forecast, Price & News

26 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Home Depot in the last year. There are currently 12 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" HD shares.
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26 analysts have issued twelve-month price targets for Home Depot's stock. Their HD share price forecasts range from $280.00 to $400.00. On average, they expect the company's stock price to reach $323.25 in the next year. This suggests a possible upside of 9.2% from the stock's current price.
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Home Depot's stock was trading at $315.86 on January 1st, 2023. Since then, HD shares have decreased by 6.3% and is now trading at $295.94.
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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) announced its quarterly earnings data on Tuesday, May, 16th. The home improvement retailer reported $3.82 earnings per share for the quarter, topping analysts' consensus estimates of $3.80 by $0.02. The home improvement retailer earned $37.26 billion during the quarter, compared to the consensus estimate of $38.35 billion. Home Depot had a trailing twelve-month return on equity of 1,936.63% and a net margin of 10.75%. The company's quarterly revenue was down 4.2% compared to the same quarter last year. During the same period in the previous year, the company earned $4.09 EPS.
Read the conference call transcript.

Home Depot declared a quarterly dividend on Thursday, May 18th. Investors 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 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend 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), VanEck Retail ETF (RTH), Consumer Discretionary Select Sector SPDR Fund (XLY), 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 2.82%. 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 has initiated a share buyback program on Thursday, August 18th 2022, which permits the company to repurchase $15,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 4.5% of its stock through open market purchases. Stock repurchase programs are generally a sign 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 earnings per share (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 investors 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 $295.94.

Home Depot (NYSE:HD) has a market capitalization of $297.53 billion and generates $157.40 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.