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Home Depot - HD Stock Forecast, Price & News

$327.38
+12.77 (+4.06%)
(As of 08/16/2022 12:00 AM ET)
Add
Compare
Today's Range
$312.88
$332.98
50-Day Range
$268.98
$314.89
52-Week Range
$264.51
$420.61
Volume
10.07 million shs
Average Volume
4.51 million shs
Market Capitalization
$336.47 billion
P/E Ratio
20.79
Dividend Yield
2.42%
Price Target
$366.00

Home Depot MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.81 Rating Score
Upside/​Downside
11.8% Upside
$366.00 Price Target
Short Interest
Healthy
0.77% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.92
Upright™ Environmental Score
News Sentiment
0.25mentions of Home Depot in the last 14 days
Based on 45 Articles This Week
Insider Trading
Selling Shares
$3.29 M Sold Last Quarter
Proj. Earnings Growth
5.42%
From $16.42 to $17.31 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.01 out of 5 stars

Retail/Wholesale Sector

15th out of 218 stocks

Lumber & Other Building Materials Industry

1st out of 6 stocks

HD stock logo

About Home Depot (NYSE:HD) Stock

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.

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HD Stock News Headlines

Home Depot Results Point To Sluggish 2nd Half
Home Depot had a good quarter but much of this year's strength was seen in the 2nd quarter and the outlook is tepid but the dividend is still safe and growing
Home Depot posts record profit, revenue; sticks to outlook
Home Depot’s sales rose in its fiscal second quarter, buoyed by continued demand for items related to home improvement projects
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Home Depot 2Q sales up on home improvement project demand
Home Depot’s sales rose in its fiscal second quarter, buoyed by continued demand for items related to home improvement projects
Stocks slip on Wall Street, oil drops amid economy worries
Stocks are slipping at the start of trading on Wall Street, interrupting their best run of the year
US futures fall to open a week heavy with retail news
U.S. futures are falling ahead of a week of quarterly financial reports from retailers as well as government data that may shed light on how American shoppers and businesses are weathering stubborn, four-decade-high inflation
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Hydrogen fuel cell technology provider Plug Power (NASDAQ: PLUG) stock has gotten a shot in the arm with the passing of the Inflation Reduction Act of 2022.
MarketBeat: Week in Review 8/8 - 8/12 (HD)
The market is moving higher with "better than expected" inflation news providing the fuel. Here are some stocks we believe you should look at this week
27 U.S. Cities Where Stocks Yield 26% a Year
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2 Important Retail Stock Battles to Watch (HD)
This upcoming week we will get to see another round in two of corporate America’s most intense battles. These quarterly updates...
Home Depot, Lowe's On Track To Grow 2022 Earnings
Home Depot and Lowe's are on track to grow earnings in 2022, but is either a buy right now? Both companies report quarterly results next week.
MarketBeat: Week in Review 7/25 – 7/29 (HD)
The markets are rallying as big tech earnings are lifting investors' spirits. Here are some of the stocks our analysts were looking at this week.
Why Home Depot Stock Jumped Today
Home Depot notches record sales, reaffirms guidance
Let's Build on Home Depot's Earnings With a Trade Idea
A Preview Of Home Depot's Earnings
See More Headlines
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HD Company Calendar

Ex-Dividend for 6/16 Dividend
6/01/2022
Dividend Payable
6/16/2022
Today
8/16/2022
Last Earnings
8/16/2022
Next Earnings (Confirmed)
8/16/2022
Fiscal Year End
1/31/2023

Industry, Sector and Symbol

Industry
Lumber & other building materials
Sub-Industry
Home Improvement Retail
CUSIP
43707610
Employees
490,600
Year Founded
1978

Price Target and Rating

Average Stock Price Forecast
$365.09
High Stock Price Forecast
$470.00
Low Stock Price Forecast
$285.00
Forecasted Upside/Downside
+11.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.81
Research Coverage
21 Analysts

Profitability

Net Income
$16.43 billion
Pretax Margin
14.32%
Return on Equity
-21,952.60%

Debt

Sales & Book Value

Annual Sales
$151.16 billion
Cash Flow
$19.21 per share
Book Value
($1.62) per share

Miscellaneous

Outstanding Shares
1,027,755,000
Free Float
1,026,008,000
Market Cap
$336.47 billion
Optionable
Optionable
Beta
0.99

Social Links















HD Stock - Frequently Asked Questions

Should I buy or sell Home Depot stock right now?

21 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Home Depot in the last twelve months. There are currently 4 hold ratings and 17 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" HD shares.
View HD analyst ratings
or view top-rated stocks.

What is Home Depot's stock price forecast for 2022?

21 equities research analysts have issued 12 month target prices for Home Depot's stock. Their HD share price forecasts range from $285.00 to $470.00. On average, they predict the company's share price to reach $366.00 in the next twelve months. This suggests a possible upside of 11.8% from the stock's current price.
View analysts price targets for HD
or view top-rated stocks among Wall Street analysts.

How have HD shares performed in 2022?

Home Depot's stock was trading at $415.01 at the beginning of the year. Since then, HD shares have decreased by 21.1% and is now trading at $327.38.
View the best growth stocks for 2022 here
.

When is Home Depot's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 16th 2022.
View our HD earnings forecast
.

How were Home Depot's earnings last quarter?

The Home Depot, Inc. (NYSE:HD) announced its earnings results on Tuesday, August, 16th. The home improvement retailer reported $5.05 EPS for the quarter, beating the consensus estimate of $4.95 by $0.10. The home improvement retailer had revenue of $43.79 billion for the quarter, compared to analyst estimates of $43.33 billion. Home Depot had a negative trailing twelve-month return on equity of 21,952.60% and a net margin of 10.83%. The firm's quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the firm posted $4.53 EPS.

How often does Home Depot pay dividends? What is the dividend yield for Home Depot?

Home Depot declared a quarterly dividend on Thursday, May 19th. Shareholders of record on Thursday, June 2nd will be given a dividend of $1.90 per share on Thursday, June 16th. This represents a $7.60 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Wednesday, June 1st.
Read our dividend analysis for HD
.

Is Home Depot a good dividend stock?

Home Depot (NYSE:HD) pays an annual dividend of $7.60 per share and currently has a dividend yield of 2.42%. 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 48.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HD will have a dividend payout ratio of 43.91% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HD.

How will Home Depot's stock buyback program work?

Home Depot declared that its board has initiated a stock buyback program on Thursday, May 20th 2021, which permits the company to buyback $20,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 5.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board believes its stock is undervalued.

What guidance has Home Depot issued on next quarter's earnings?

Home Depot updated its FY 2022 earnings guidance on Tuesday, August, 16th. The company provided EPS guidance of for the period. The company issued revenue guidance of $155.69 billion-$155.69 billion, compared to the consensus revenue estimate of $156.23 billion.

What is Craig Menear's approval rating as Home Depot's CEO?

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.

What other stocks do shareholders of Home Depot own?

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).

What is Home Depot's stock symbol?

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

Who are Home Depot's major shareholders?

Home Depot's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include State Street Corp (4.47%), FMR LLC (1.30%), Northern Trust Corp (1.27%), Price T Rowe Associates Inc. MD (0.56%), UBS Asset Management Americas Inc. (0.50%) and Deutsche Bank AG (0.45%). Insiders that own company stock include Ann Marie Campbell, Becker Caryn Seidman, Carol B Tome, Craig A Menear, Edward P Decker, Hector A Padilla, Karen A Foster, Matt Carey, Richard V Mcphail, Teresa Wynn Roseborough and William G Lennie.
View institutional ownership trends
.

How do I buy shares of Home Depot?

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.
Compare Top Brokerages Here.

What is Home Depot's stock price today?

One share of HD stock can currently be purchased for approximately $327.38.

How much money does Home Depot make?

Home Depot (NYSE:HD) has a market capitalization of $336.47 billion and generates $151.16 billion in revenue each year. The home improvement retailer earns $16.43 billion in net income (profit) each year or $15.75 on an earnings per share basis.

How many employees does Home Depot have?

The company employs 490,600 workers across the globe.

Does Home Depot have any subsidiaries?
The following companies are subsidiares of Home Depot: Apex Supply, Askuity, BlackLocus, Chem-Dry, Compact Power Equipment, HD Development Holdings Inc., HD Development of Maryland Inc., HD Supply Distribution Services, Home Decorators Collection, Home Depot International Inc., Home Depot Product Authority LLC, Home Depot U.S.A. Inc., Home Depot of Canada Inc., Home Mart Mexico, Hughes Supply, Interline Brands, Measurecomp, National Waterworks Holdings, Redbeacon, US Home Systems, White Cap Construction Supply, Your Other Warehouse, and blinds.com.
Read More
When was Home Depot founded?

Home Depot was founded in 1978.

How can I contact Home Depot?

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.

This page (NYSE:HD) was last updated on 8/16/2022 by MarketBeat.com Staff

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