Home Depot Stock Forecast, Price & News

Home Depot's stock was trading at $212.89 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, HD stock has increased by 29.3% and is now trading at $275.19.
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32 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Home Depot in the last year. There are currently 7 hold ratings, 24 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Home Depot.

Home Depot is scheduled to release its next quarterly earnings announcement on Tuesday, November 17th 2020.
View our earnings forecast for Home Depot.

Home Depot Inc (NYSE:HD) released its quarterly earnings results on Tuesday, August, 18th. The home improvement retailer reported $4.02 earnings per share for the quarter, topping analysts' consensus estimates of $3.20 by $0.82. The home improvement retailer earned $38.05 billion during the quarter, compared to the consensus estimate of $32.13 billion. Home Depot had a negative return on equity of 583.91% and a net margin of 9.91%. The company's revenue was up 23.4% compared to the same quarter last year. During the same period last year, the company earned $3.17 EPS.
View Home Depot's earnings history.

Home Depot announced a quarterly dividend on Tuesday, August 18th. Stockholders of record on Thursday, September 3rd will be paid a dividend of $1.50 per share on Thursday, September 17th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date of this dividend is Wednesday, September 2nd.
View Home Depot's dividend history.

Home Depot declared that its board has approved a stock repurchase plan on Tuesday, February 26th 2019, which permits the company to repurchase $15,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 6.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its shares are undervalued.

32 analysts have issued 1-year price targets for Home Depot's shares. Their forecasts range from $215.00 to $332.00. On average, they anticipate Home Depot's share price to reach $287.23 in the next twelve months. This suggests a possible upside of 4.4% from the stock's current price.
View analysts' price targets for Home Depot.

Home Depot saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 7,360,000 shares, an increase of 19.5% from the August 15th total of 6,160,000 shares. Based on an average trading volume of 3,760,000 shares, the days-to-cover ratio is presently 2.0 days. Approximately 0.7% of the company's stock are short sold.
View Home Depot's Short Interest.

Some companies that are related to Home Depot include Lowe's Companies (LOW), Floor & Decor (FND), Builders FirstSource (BLDR), Travis Perkins (TVPKF), BMC Stock (BMCH), Lumber Liquidators (LL), Jewett-Cameron Trading (JCTCF), Latitude 360 (LATX) and Wisdom Homes of America (WOFA).
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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), Alibaba Group (BABA), Cisco Systems (CSCO), JPMorgan Chase & Co. (JPM) 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 shareholders include Vanguard Group Inc. (8.51%), FMR LLC (1.77%), Bank of New York Mellon Corp (0.94%), Charles Schwab Investment Management Inc. (0.61%), Fisher Asset Management LLC (0.59%) and Jennison Associates LLC (0.55%). Company insiders that own Home Depot stock include Ann Marie Campbell, Carol B Tome, Craig A Menear, Edward P Decker, Manuel Kadre, Mark C Vadon, Mark Holifield, Matt Carey, Teresa Wynn Roseborough, Timothy A Hourigan, Wayne M Hewett and William G Lennie.
View institutional ownership trends for Home Depot.

HD stock was sold by a variety of institutional investors in the last quarter, including Advisor Group Holdings Inc., Charles Schwab Investment Management Inc., Toronto Dominion Bank, AQR Capital Management LLC, Hexavest Inc., Bessemer Group Inc., Ensign Peak Advisors Inc, and Thornburg Investment Management Inc.. Company insiders that have sold Home Depot company stock in the last year include Ann Marie Campbell, Craig A Menear, Matt Carey, Teresa Wynn Roseborough, and William G Lennie.
View insider buying and selling activity for Home Depot.

HD stock was acquired by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Nordea Investment Management AB, Winslow Capital Management LLC, Jennison Associates LLC, Prudential Financial Inc., FMR LLC, SG Americas Securities LLC, and Assenagon Asset Management S.A.. Company insiders that have bought Home Depot stock in the last two years include Manuel Kadre, Mark C Vadon, and Wayne M Hewett.
View insider buying and selling activity for Home Depot.

Shares of HD can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of HD stock can currently be purchased for approximately $275.19.

Home Depot has a market capitalization of $296.23 billion and generates $110.23 billion in revenue each year. The home improvement retailer earns $11.24 billion in net income (profit) each year or $10.25 on an earnings per share basis. Home Depot employs 415,000 workers across the globe.

The official website for Home Depot is www.homedepot.com.

Home Depot's mailing address is 2455 PACES FERRY ROAD, ATLANTA GA, 30339. The home improvement retailer can be reached via phone at 770-433-8211 or via email at [email protected]