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.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on HD shares. Wedbush reduced their price target on Home Depot from $340.00 to $320.00 and set a "neutral" rating for the company in a research report on Wednesday, May 18th. Truist Financial decreased their target price on Home Depot from $405.00 to $375.00 and set a "na" rating for the company in a research report on Wednesday, May 18th. StockNews.com raised shares of Home Depot from a "hold" rating to a "buy" rating in a research report on Monday. Gordon Haskett cut shares of Home Depot from a "buy" rating to an "accumulate" rating in a research note on Friday, May 6th. Finally, Citigroup raised their target price on shares of Home Depot from $327.00 to $348.00 in a research note on Friday, May 20th. Four analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, Home Depot has an average rating of "Moderate Buy" and a consensus target price of $366.00.

Home Depot Stock Performance

NYSE:HD opened at $305.21 on Wednesday. The company has a 50-day moving average of $291.02 and a 200-day moving average of $309.81. Home Depot has a 52 week low of $264.51 and a 52 week high of $420.61. The company has a market capitalization of $313.68 billion, a price-to-earnings ratio of 19.38, a PEG ratio of 1.71 and a beta of 0.99.

Home Depot (NYSE:HD - Get Rating) last posted 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 firm had revenue of $38.91 billion during the quarter, compared to analyst estimates of $36.78 billion. Home Depot had a net margin of 10.83% and a negative return on equity of 21,952.60%. The company's quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.86 earnings per share. Sell-side analysts forecast that Home Depot will post 16.43 EPS for the current year.

Home Depot Announces Dividend

The business also recently declared 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 yield of 2.49%. The ex-dividend date was Wednesday, June 1st. Home Depot's dividend payout ratio is 48.25%.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Ann Marie Campbell sold 11,293 shares of Home Depot stock in a transaction on Tuesday, May 24th. The stock was sold at an average price of $288.03, for a total transaction of $3,252,722.79. Following the completion of the transaction, the executive vice president now directly owns 51,175 shares of the company's stock, valued at $14,739,935.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP Ann Marie Campbell sold 11,293 shares of the firm's stock in a transaction that occurred on Tuesday, May 24th. The shares were sold at an average price of $288.03, for a total transaction of $3,252,722.79. Following the completion of the sale, the executive vice president now owns 51,175 shares of the company's stock, valued at $14,739,935.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 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 completion of the transaction, the executive vice president now owns 11,230 shares of the company's stock, valued at approximately $3,248,052.90. The disclosure for this sale can be found here. Company insiders own 0.17% of the company's stock.