Home Depot - HD Stock Forecast, Price & News

21 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Home Depot in the last year. There are currently 4 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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21 equities research analysts have issued twelve-month target prices for Home Depot's shares. Their HD share price forecasts range from $285.00 to $470.00. On average, they expect the company's share price to reach $366.00 in the next year. This suggests a possible upside of 18.0% from the stock's current price.
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Home Depot's stock was trading at $415.01 at the beginning of the year. Since then, HD stock has decreased by 25.2% and is now trading at $310.30.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 16th 2022.
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Home Depot will be holding an earnings conference call on Tuesday, August 16th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

The Home Depot, Inc. (NYSE:HD) issued its quarterly earnings results on Tuesday, May, 17th. The home improvement retailer reported $4.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.67 by $0.42. The home improvement retailer had revenue of $38.91 billion for the quarter, compared to analyst estimates of $36.78 billion. Home Depot had a net margin of 10.83% and a negative trailing twelve-month return on equity of 21,952.60%. The business's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.86 EPS.
Read the conference call transcript.

Home Depot announced a quarterly dividend on Thursday, May 19th. Shareholders of record on Thursday, June 2nd will be paid a dividend of $1.90 per share on Thursday, June 16th. This represents a $7.60 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend is Wednesday, June 1st.
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 2.49%. 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 43.70% 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 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 repurchase up to 5.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its stock is undervalued.

Home Depot updated its FY 2022 earnings guidance on Tuesday, June, 14th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $155.69 billion-$155.69 billion, compared to the consensus revenue estimate of $153.93 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 institutional and retail investors. Top institutional investors include Swiss National Bank (0.44%), Jennison Associates LLC (0.39%), Sumitomo Mitsui Trust Holdings Inc. (0.33%), California Public Employees Retirement System (0.27%), C WorldWide Group Holding A S (0.22%) and Baird Financial Group Inc. (0.21%). 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.
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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 $310.30.

Home Depot (NYSE:HD) has a market capitalization of $318.91 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.

The company employs 490,600 workers across the globe.

Home Depot was founded in 1978.

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.