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Buffett's firm reports $44B loss but its businesses thrive
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S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
Buffett's firm reports $44B loss but its businesses thrive
Musk says Twitter deal could move ahead with 'bot' info
Senate parliamentarian OKs most of Dems' drug price controls
Dems' climate, energy, tax bill clears initial Senate hurdle
Senate rules referee weakens Dem drug plan in economic bill
Demand for grocery delivery cools as food costs rise
Venezuela, Colombia border areas hopeful as reopening looms
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
Buffett's firm reports $44B loss but its businesses thrive
Musk says Twitter deal could move ahead with 'bot' info
Senate parliamentarian OKs most of Dems' drug price controls
Dems' climate, energy, tax bill clears initial Senate hurdle
Senate rules referee weakens Dem drug plan in economic bill
Demand for grocery delivery cools as food costs rise
Venezuela, Colombia border areas hopeful as reopening looms
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
Buffett's firm reports $44B loss but its businesses thrive
Musk says Twitter deal could move ahead with 'bot' info
Senate parliamentarian OKs most of Dems' drug price controls
Dems' climate, energy, tax bill clears initial Senate hurdle
Senate rules referee weakens Dem drug plan in economic bill
Demand for grocery delivery cools as food costs rise
Venezuela, Colombia border areas hopeful as reopening looms

Home Depot (HD) Stock Forecast, Price & News

$309.69
+2.52 (+0.82%)
(As of 08/5/2022 12:00 AM ET)
Add
Compare
Today's Range
$304.50
$309.78
50-Day Range
$268.98
$309.69
52-Week Range
$264.51
$420.61
Volume
2.03 million shs
Average Volume
2.76 million shs
Market Capitalization
$318.29 billion
P/E Ratio
19.66
Dividend Yield
2.45%
Price Target
$368.45

Home Depot MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
19.0% Upside
$368.45 Price Target
Short Interest
Healthy
0.76% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.92
Upright™ Environmental Score
News Sentiment
0.08mentions of Home Depot in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$3.29 M Sold Last Quarter
Proj. Earnings Growth
5.84%
From $16.43 to $17.39 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.03 out of 5 stars

Retail/Wholesale Sector

10th out of 262 stocks

Lumber & Other Building Materials Industry

1st out of 6 stocks

Home Depot logo

About Home Depot (NYSE:HD) Stock

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 Analyst Weigh In

Several research analysts have commented on HD shares. Evercore ISI cut their price objective on Home Depot to $360.00 in a research report on Thursday, June 9th. MKM Partners assumed coverage on Home Depot in a report on Thursday, June 23rd. They issued a "neutral" rating and a $285.00 price target for the company. Raymond James decreased their target price on shares of Home Depot from $350.00 to $340.00 and set an "outperform" rating for the company in a research note on Wednesday, May 18th. Wedbush dropped their price target on shares of Home Depot from $340.00 to $320.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 18th. Finally, Piper Sandler upped their price objective on shares of Home Depot from $310.00 to $321.00 and gave the company a "neutral" rating in a research report on Wednesday, May 18th. Five investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $368.45.

Home Depot Trading Up 0.8 %

HD traded up $2.52 on Friday, hitting $309.69. 2,029,298 shares of the company's stock were exchanged, compared to its average volume of 2,755,566. The stock has a fifty day moving average of $290.90 and a two-hundred day moving average of $310.38. Home Depot has a twelve month low of $264.51 and a twelve month high of $420.61. The firm has a market cap of $318.29 billion, a PE ratio of 19.66, a P/E/G ratio of 2.00 and a beta of 0.99.

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 the consensus estimate of $3.67 by $0.42. The company had revenue of $38.91 billion during the quarter, compared to analyst estimates of $36.78 billion. Home Depot had a negative return on equity of 21,952.60% and a net margin of 10.83%. The business's revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the company earned $3.86 earnings per share. On average, analysts predict that Home Depot will post 16.43 EPS for the current year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 16th. Stockholders of record on Thursday, June 2nd were issued a dividend of $1.90 per share. This represents a $7.60 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend was Wednesday, June 1st. Home Depot's dividend payout ratio (DPR) is 48.25%.

Insider Activity

In other Home Depot news, EVP Hector A. Padilla sold 136 shares of the company's stock in a transaction dated Thursday, May 19th. The shares were sold at an average price of $289.23, for a total value of $39,335.28. Following the completion of the transaction, the executive vice president now owns 11,230 shares in the company, valued at approximately $3,248,052.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, EVP Ann Marie Campbell sold 11,293 shares of the company's stock in a transaction dated Tuesday, May 24th. The shares were sold at an average price of $288.03, for a total value 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Hector A. Padilla sold 136 shares of the firm's 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 transaction, the executive vice president now directly owns 11,230 shares in the company, valued at approximately $3,248,052.90. The disclosure for this sale can be found here. Corporate insiders own 0.17% of the company's stock.

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HD Stock News Headlines

MarketBeat: Week in Review 7/25 – 7/29 (HD)
The markets are rallying as big tech earnings are lifting investors' spirits. Here are some of the stocks our analysts were looking at this week.
Home Depot: A Beautiful Boring Stock to Navigate a Bear Market
Home Depot reports earnings in August. So now is the time to look at the business to see if HD stock is a good choice for your portfolio at this time
27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. pixel
Trading Millionaire Reveals, “2008 Was My Most Profitable Year”
Jeff Clark IGNORES 99% of the entire stock market… And still delivers 100%, 373%, and 390% gains in just 8 days in bullish AND bearish markets. He’s used this secret to help 170,000 regular folks see triple-digit gains over 48 times and double-digit gains over 81 different times. Now it’s your turn.
Dow Movers: HD, MSFT
Is Home Depot Stock Recession-Proof?
See More Headlines

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HD Company Calendar

Last Earnings
5/17/2022
Ex-Dividend for 6/16 Dividend
6/01/2022
Dividend Payable
6/16/2022
Today
8/07/2022
Next Earnings (Confirmed)
8/16/2022
Fiscal Year End
1/31/2023

Industry, Sector and Symbol

Industry
Lumber & other building materials
Sub-Industry
Home Improvement Retail
CUSIP
43707610
Employees
490,600
Year Founded
1978

Price Target and Rating

Average Stock Price Forecast
$368.45
High Stock Price Forecast
$470.00
Low Stock Price Forecast
$285.00
Forecasted Upside/Downside
+19.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
20 Analysts

Profitability

Net Income
$16.43 billion
Pretax Margin
14.32%
Return on Equity
-21,952.60%

Debt

Sales & Book Value

Annual Sales
$151.16 billion
Cash Flow
$18.48 per share
Book Value
($1.62) per share

Miscellaneous

Outstanding Shares
1,027,760,000
Free Float
1,026,008,000
Market Cap
$318.29 billion
Optionable
Optionable
Beta
0.99

Social Links















HD Stock - Frequently Asked Questions

Should I buy or sell Home Depot stock right now?

20 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Home Depot in the last twelve months. There are currently 4 hold ratings and 16 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Home Depot stock.
View analyst ratings for Home Depot
or view top-rated stocks.

What is Home Depot's stock price forecast for 2022?

20 brokers have issued twelve-month target prices for Home Depot's stock. Their HD stock forecasts range from $285.00 to $470.00. On average, they predict Home Depot's stock price to reach $368.45 in the next twelve months. This suggests a possible upside of 19.0% from the stock's current price.
View analysts' price targets for Home Depot
or view top-rated stocks among Wall Street analysts.

How has Home Depot's stock performed in 2022?

Home Depot's stock was trading at $415.01 at the start of the year. Since then, HD shares have decreased by 25.4% and is now trading at $309.69.
View the best growth stocks for 2022 here
.

When is Home Depot's next earnings date?

Home Depot is scheduled to release its next quarterly earnings announcement on Tuesday, August 16th 2022.
View our earnings forecast for Home Depot
.

How can I listen to Home Depot's earnings call?

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.

How were Home Depot's earnings last quarter?

The Home Depot, Inc. (NYSE:HD) posted its quarterly earnings data 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. 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 negative trailing twelve-month return on equity of 21,952.60% and a net margin of 10.83%. The company's revenue was up 3.8% on a year-over-year basis. During the same period last year, the company earned $3.86 earnings per share.
Read Home Depot's conference call transcript
.

How often does Home Depot pay dividends? What is the dividend yield for Home Depot?

Home Depot declared a quarterly dividend on Thursday, May 19th. Investors of record on Thursday, June 2nd will be given a dividend of $1.90 per share on Thursday, June 16th. This represents a $7.60 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date is Wednesday, June 1st.
View Home Depot's dividend history
.

Is Home Depot a good dividend stock?

Home Depot(NYSE:HD) pays an annual dividend of $7.60 per share and currently has a dividend yield of 2.45%. Home Depot 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 of Home Depot is 48.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Home Depot will have a dividend payout ratio of 43.70% next year. This indicates that Home Depot will be able to sustain or increase its dividend.
View Home Depot's dividend history.

How will Home Depot's stock buyback program work?

Home Depot declared that its board has approved a stock buyback program on Thursday, May 20th 2021, which allows the company to buyback $20,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to buy up to 5.9% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's leadership believes its shares are undervalued.

What guidance has Home Depot issued on next quarter's earnings?

Home Depot issued an update on its FY 2022 earnings guidance on Tuesday, June, 14th. The company provided 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 $153.93 billion.

What is Craig Menear's approval rating as Home Depot's CEO?

7,985 employees have rated Home Depot CEO Craig Menear on Glassdoor.com. Craig Menear has an approval rating of 84% among Home Depot's employees.

What other stocks do shareholders of Home Depot own?

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).

What is Home Depot's stock symbol?

Home Depot trades on the New York Stock Exchange (NYSE) under the ticker symbol "HD."

Who are Home Depot's major shareholders?

Home Depot's stock is owned by a variety of institutional and retail investors. Top institutional investors include Jennison Associates LLC (0.39%), Sumitomo Mitsui Trust Holdings Inc. (0.33%), C WorldWide Group Holding A S (0.22%), Truist Financial Corp (0.20%), Parnassus Investments LLC (0.19%) and Envestnet Asset Management Inc. (0.19%). Company insiders that own Home Depot 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.
View institutional ownership trends for Home Depot
.

How do I buy shares of 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Home Depot's stock price today?

One share of HD stock can currently be purchased for approximately $309.69.

How much money does Home Depot make?

Home Depot (NYSE:HD) has a market capitalization of $318.29 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.

How many employees does Home Depot have?

Home Depot employs 490,600 workers across the globe.

Does Home Depot have any subsidiaries?

The following companies are subsidiares of Home Depot: Apex Supply, Askuity, BlackLocus, Chem-Dry, Compact Power Equipment, HD Development Holdings Inc., HD Development of Maryland Inc., HD Supply Distribution Services, Home Decorators Collection, Home Depot International Inc., Home Depot Product Authority LLC, Home Depot U.S.A. Inc., Home Depot of Canada Inc., Home Mart Mexico, Hughes Supply, Interline Brands, Measurecomp, National Waterworks Holdings, Redbeacon, US Home Systems, White Cap Construction Supply, Your Other Warehouse, and blinds.com.
Read More

When was Home Depot founded?

Home Depot was founded in 1978.

How can I contact Home Depot?

Home Depot's mailing address is 2455 PACES FERRY ROAD, ATLANTA GA, 30339. The official website for Home Depot 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.

This page (NYSE:HD) was last updated on 8/7/2022 by MarketBeat.com Staff

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