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.

Analyst Ratings Changes

HD has been the topic of several recent analyst reports. Wedbush decreased their target price on shares of Home Depot from $340.00 to $320.00 and set a "neutral" rating on the stock in a report on Wednesday, May 18th. Evercore ISI decreased their price objective on shares of Home Depot to $360.00 in a report on Thursday, June 9th. Gordon Haskett lowered shares of Home Depot from a "buy" rating to an "accumulate" rating in a report on Friday, May 6th. Piper Sandler upped their price objective on shares of Home Depot from $310.00 to $321.00 and gave the stock a "neutral" rating in a report on Wednesday, May 18th. Finally, StockNews.com lowered shares of Home Depot from a "buy" rating to a "hold" rating in a report on Friday, May 27th. Five analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $368.45.

Home Depot Trading Up 1.6 %

Shares of NYSE:HD traded up $5.04 during mid-day trading on Monday, reaching $314.73. The company had a trading volume of 34,732 shares, compared to its average volume of 4,502,824. The firm has a 50 day simple moving average of $290.90 and a two-hundred day simple moving average of $310.11. The stock has a market cap of $323.47 billion, a P/E ratio of 19.66, a PEG ratio of 1.71 and a beta of 0.99. Home Depot has a 52-week low of $264.51 and a 52-week high of $420.61.

Home Depot (NYSE:HD - Get Rating) last posted its earnings results on Tuesday, May 17th. The home improvement retailer reported $4.09 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $38.91 billion for the quarter, compared to the consensus estimate of $36.78 billion. During the same period last year, the firm posted $3.86 EPS. The company's revenue was up 3.8% on a year-over-year basis. On average, equities analysts expect that Home Depot will post 16.43 EPS for the current year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 16th. Investors of record on Thursday, June 2nd were paid a $1.90 dividend. This represents a $7.60 annualized dividend and a dividend yield of 2.41%. The ex-dividend date was Wednesday, June 1st. Home Depot's dividend payout ratio (DPR) is 48.25%.

Insider Buying and Selling at Home Depot

In other news, EVP Hector A. Padilla sold 136 shares of Home Depot stock in a transaction dated 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 directly owns 11,230 shares in the company, valued at $3,248,052.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Home Depot news, Director Becker Caryn Seidman purchased 1,500 shares of Home Depot stock in a transaction on Monday, May 23rd. The shares were purchased at an average cost of $287.73 per share, with a total value of $431,595.00. Following the completion of the transaction, the director now directly owns 1,500 shares in the company, valued at approximately $431,595. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Hector A. Padilla sold 136 shares of Home Depot 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 directly owns 11,230 shares in the company, valued at $3,248,052.90. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by insiders.