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.

Analyst Ratings Changes

Several research firms have recently issued reports on HD. StockNews.com upgraded shares of Home Depot from a "hold" rating to a "buy" rating in a report on Monday. DA Davidson cut their price objective on shares of Home Depot from $354.00 to $330.00 and set a "na" rating on the stock in a report on Wednesday, May 18th. Gordon Haskett downgraded shares of Home Depot from a "buy" rating to an "accumulate" rating in a report on Friday, May 6th. Raymond James cut their price target on shares of Home Depot from $350.00 to $340.00 and set an "outperform" rating on the stock in a report on Wednesday, May 18th. Finally, Jefferies Financial Group cut their price target on shares of Home Depot from $420.00 to $400.00 and set a "buy" rating on the stock in a report on Wednesday, May 18th. Four research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Home Depot has an average rating of "Moderate Buy" and a consensus target price of $368.45.

Home Depot Price Performance

Shares of NYSE:HD opened at $311.97 on Tuesday. Home Depot has a 1 year low of $264.51 and a 1 year high of $420.61. The firm has a market capitalization of $320.63 billion, a price-to-earnings ratio of 19.81, a price-to-earnings-growth ratio of 1.71 and a beta of 0.99. The business's 50 day moving average price is $290.98 and its 200-day moving average price is $309.85.

Home Depot (NYSE:HD - Get Rating) last announced its earnings results on Tuesday, May 17th. The home improvement retailer reported $4.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.67 by $0.42. The firm had revenue of $38.91 billion for 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% on a year-over-year basis. During the same quarter last year, the firm posted $3.86 EPS. On average, sell-side analysts expect that Home Depot will post 16.43 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 16th. Shareholders of record on Thursday, June 2nd were issued a $1.90 dividend. The ex-dividend date was Wednesday, June 1st. This represents a $7.60 dividend on an annualized basis and a yield of 2.44%. Home Depot's payout ratio is currently 48.25%.

Insider Buying and Selling at Home Depot

In other news, Director Becker Caryn Seidman acquired 1,500 shares of the firm's stock in a transaction on Monday, May 23rd. The shares were bought at an average price of $287.73 per share, for a total transaction of $431,595.00. Following the acquisition, the director now owns 1,500 shares of the company's stock, valued at approximately $431,595. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Becker Caryn Seidman acquired 1,500 shares of the firm's stock in a transaction on Monday, May 23rd. The shares were bought at an average price of $287.73 per share, for a total transaction of $431,595.00. Following the acquisition, the director now owns 1,500 shares of the company's stock, valued at approximately $431,595. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Ann Marie Campbell sold 11,293 shares of the firm's stock in a transaction on 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 transaction, the executive vice president now owns 51,175 shares in the company, valued at approximately $14,739,935.25. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by insiders.