Home Depot Stock Forecast, Price & News

Home Depot's stock was trading at $212.89 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, HD stock has increased by 26.1% and is now trading at $268.55.
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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) posted its quarterly earnings results on Tuesday, August, 18th. The home improvement retailer reported $4.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.20 by $0.82. The home improvement retailer had revenue of $38.05 billion for the quarter, compared to analysts' expectations of $32.13 billion. Home Depot had a net margin of 9.91% and a negative return on equity of 583.91%. The firm's quarterly revenue was up 23.4% on a year-over-year basis. During the same quarter last year, the company posted $3.17 EPS.
View Home Depot's earnings history.

Home Depot declared 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 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Wednesday, September 2nd.
View Home Depot's dividend history.

Home Depot announced that its Board of Directors has approved a stock buyback program on Tuesday, February 26th 2019, which permits the company to buyback $15,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 6.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its shares are undervalued.

32 Wall Street analysts have issued 1 year target prices for Home Depot's stock. Their forecasts range from $215.00 to $332.00. On average, they anticipate Home Depot's stock price to reach $287.55 in the next year. This suggests a possible upside of 7.1% from the stock's current price.
View analysts' price targets for Home Depot.

Home Depot saw a drop in short interest in September. As of September 15th, there was short interest totaling 5,890,000 shares, a drop of 20.0% from the August 31st total of 7,360,000 shares. Based on an average daily volume of 3,530,000 shares, the days-to-cover ratio is currently 1.7 days. Approximately 0.6% of the shares of the stock are sold short.
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), JPMorgan Chase & Co. (JPM), 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 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 $268.55.

Home Depot has a market capitalization of $289.08 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]