Home Depot - HD Stock Forecast, Price & News

24 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Home Depot in the last year. There are currently 7 hold ratings and 17 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" HD shares.
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24 brokerages have issued twelve-month price targets for Home Depot's stock. Their HD share price forecasts range from $280.00 to $394.00. On average, they predict the company's share price to reach $340.75 in the next year. This suggests a possible upside of 5.4% from the stock's current price.
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Home Depot's stock was trading at $415.01 at the start of the year. Since then, HD stock has decreased by 22.1% and is now trading at $323.14.
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Home Depot saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 9,860,000 shares, an increase of 29.4% from the October 31st total of 7,620,000 shares. Based on an average trading volume of 3,850,000 shares, the days-to-cover ratio is presently 2.6 days. Approximately 1.0% of the shares of the company are short sold.
View Home Depot's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 28th 2023.
View our HD earnings forecast.

The Home Depot, Inc. (NYSE:HD) issued its quarterly earnings results on Tuesday, November, 15th. The home improvement retailer reported $4.24 earnings per share for the quarter, topping analysts' consensus estimates of $4.11 by $0.13. The home improvement retailer earned $38.87 billion during the quarter, compared to analyst estimates of $37.96 billion. Home Depot had a net margin of 10.87% and a negative trailing twelve-month return on equity of 3,656.69%. The company's quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the business earned $3.92 earnings per share.
Read the conference call transcript.

Home Depot declared a quarterly dividend on Thursday, November 17th. Stockholders of record on Thursday, December 1st will be given a dividend of $1.90 per share on Thursday, December 15th. This represents a $7.60 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date is Wednesday, November 30th.
Read our dividend analysis for HD.

Home Depot (NYSE:HD) pays an annual dividend of $7.60 per share and currently has a dividend yield of 2.37%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 45.81%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HD will have a dividend payout ratio of 44.63% 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 approved a stock buyback plan on Thursday, August 18th 2022, which allows the company to buyback $15,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 4.5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board believes its stock is undervalued.

Home Depot updated its FY 2022 earnings guidance on Tuesday, September, 20th. The company provided earnings per share (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.

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 variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.23%), BlackRock Inc. (6.98%), State Street Corp (4.27%), Bank of New York Mellon Corp (0.98%), Alliancebernstein L.P. (0.95%) and Fisher Asset Management LLC (0.80%). 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 $323.14.

Home Depot (NYSE:HD) has a market capitalization of $330.81 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 $16.59 on an earnings per share basis.

The company employs 490,600 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.