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.

Home Depot Price Performance

HD Stock opened at $310.69 on Friday. The stock has a market capitalization of $319.31 billion, a price-to-earnings ratio of 19.72, a PEG ratio of 1.69 and a beta of 0.99. The business's fifty day moving average price is $291.31 and its two-hundred day moving average price is $309.83. Home Depot has a fifty-two week low of $264.51 and a fifty-two week high of $420.61.

Home Depot (NYSE:HD - Get Rating) last posted its quarterly earnings data on Tuesday, May 17th. The home improvement retailer reported $4.09 earnings per share for the quarter, topping the consensus estimate of $3.67 by $0.42. The firm had revenue of $38.91 billion for the quarter, compared to analysts' expectations of $36.78 billion. Home Depot had a negative return on equity of 21,952.60% and a net margin of 10.83%. The company's quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the business earned $3.86 EPS. Research analysts expect 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 given a $1.90 dividend. This represents a $7.60 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend was Wednesday, June 1st. Home Depot's payout ratio is currently 48.25%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on HD. Morgan Stanley reduced their price target on Home Depot from $365.00 to $350.00 and set an "overweight" rating for the company in a research report on Wednesday, July 20th. Guggenheim cut their price objective on Home Depot from $400.00 to $350.00 and set a "na" rating for the company in a report on Wednesday, May 18th. Raymond James cut their price objective on Home Depot from $350.00 to $340.00 and set an "outperform" rating for the company in a report on Wednesday, May 18th. Evercore ISI cut their price objective on Home Depot to $360.00 in a report on Thursday, June 9th. Finally, Wedbush cut their price objective on Home Depot from $340.00 to $320.00 and set a "neutral" rating for the company in a report on Wednesday, May 18th. Four analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $366.00.

Insider Buying and Selling

In related news, EVP Hector A. Padilla sold 136 shares of the firm's stock in a transaction on Thursday, May 19th. The stock was sold at an average price of $289.23, for a total value of $39,335.28. Following the transaction, the executive vice president now owns 11,230 shares in the company, valued at $3,248,052.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Ann Marie Campbell sold 11,293 shares of the firm's stock in a transaction on Tuesday, May 24th. The stock was sold at an average price of $288.03, for a total value of $3,252,722.79. Following the transaction, the executive vice president now owns 51,175 shares in the company, valued at $14,739,935.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 value of $39,335.28. Following the completion of the sale, the executive vice president now directly owns 11,230 shares in the company, valued at $3,248,052.90. The disclosure for this sale can be found here. 0.17% of the stock is owned by company insiders.