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Home Depot - HD Stock Forecast, Price & News

$313.99
-0.90 (-0.29%)
(As of 08/15/2022 11:52 AM ET)
Add
Compare
Today's Range
$310.16
$315.00
50-Day Range
$268.98
$314.89
52-Week Range
$264.51
$420.61
Volume
65,284 shs
Average Volume
4.47 million shs
Market Capitalization
$322.70 billion
P/E Ratio
19.94
Dividend Yield
2.41%
Price Target
$366.00

Home Depot MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.81 Rating Score
Upside/​Downside
16.9% Upside
$366.00 Price Target
Short Interest
Healthy
0.77% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.92
Upright™ Environmental Score
News Sentiment
0.24mentions of Home Depot in the last 14 days
Based on 31 Articles This Week
Insider Trading
Selling Shares
$3.29 M Sold Last Quarter
Proj. Earnings Growth
5.42%
From $16.42 to $17.31 Per Share

Overall MarketRank

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

2.95 out of 5 stars

Retail/Wholesale Sector

13th out of 219 stocks

Lumber & Other Building Materials Industry

1st out of 6 stocks

HD stock 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 Analysts Forecast Growth

HD has been the subject of a number of research analyst reports. OTR Global downgraded shares of Home Depot to a "positive" rating in a research note on Tuesday, May 10th. Jefferies Financial Group lowered their target price on Home Depot from $420.00 to $400.00 and set a "buy" rating on the stock in a report on Wednesday, May 18th. DA Davidson decreased their price objective on Home Depot from $354.00 to $330.00 and set a "na" rating for the company in a research 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 on the stock in a research note on Wednesday, May 18th. Finally, Truist Financial lowered their price objective on Home Depot from $405.00 to $375.00 and set a "na" rating on the stock in a research report on Wednesday, May 18th. Four research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, Home Depot presently has a consensus rating of "Moderate Buy" and a consensus price target of $366.00.

Home Depot Stock Performance

Shares of Home Depot stock traded down $4.06 during trading on Monday, hitting $310.83. 19,947 shares of the stock traded hands, compared to its average volume of 4,474,777. The company has a fifty day moving average price of $291.60 and a two-hundred day moving average price of $308.48. Home Depot has a twelve month low of $264.51 and a twelve month high of $420.61. The stock has a market cap of $319.46 billion, a P/E ratio of 19.99, a PEG ratio of 1.74 and a beta of 0.99.

Home Depot (NYSE:HD - Get Rating) last announced its quarterly 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 business 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%. Home Depot's quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.86 EPS. On average, equities research analysts expect that Home Depot will post 16.42 EPS for the current fiscal year.

Home Depot Dividend Announcement

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

Insider Activity at Home Depot

In other news, EVP Hector A. Padilla sold 136 shares of the stock in a transaction that occurred on Thursday, May 19th. The stock was sold at an average price of $289.23, for a total transaction 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 filing with the SEC, which is available through the SEC website. In other news, Director Becker Caryn Seidman bought 1,500 shares of the firm's stock in a transaction that occurred on Monday, May 23rd. The stock was acquired at an average cost of $287.73 per share, with a total value of $431,595.00. Following the transaction, the director now directly owns 1,500 shares of the company's stock, valued at approximately $431,595. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Hector A. Padilla sold 136 shares of the company's stock in a transaction that occurred on 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 directly owns 11,230 shares of the company's stock, valued at $3,248,052.90. The disclosure for this sale can be found here. Insiders own 0.17% of the company's stock.

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HD Stock News Headlines

Stocks slip on Wall Street, oil drops amid economy worries
Stocks are slipping at the start of trading on Wall Street, interrupting their best run of the year
US futures fall to open a week heavy with retail news
U.S. futures are falling ahead of a week of quarterly financial reports from retailers as well as government data that may shed light on how American shoppers and businesses are weathering stubborn, four-decade-high inflation
Here’s How the Inflation Reduction Act Energizes Power Stock (HD)
Hydrogen fuel cell technology provider Plug Power (NASDAQ: PLUG) stock has gotten a shot in the arm with the passing of the Inflation Reduction Act of 2022.
MarketBeat: Week in Review 8/8 - 8/12 (HD)
The market is moving higher with "better than expected" inflation news providing the fuel. Here are some stocks we believe you should look at this week
2 Important Retail Stock Battles to Watch (HD)
This upcoming week we will get to see another round in two of corporate America’s most intense battles. These quarterly updates...
Home Depot, Lowe's On Track To Grow 2022 Earnings
Home Depot and Lowe's are on track to grow earnings in 2022, but is either a buy right now? Both companies report quarterly results next week.
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
Home Depot (HD) Scheduled to Post Quarterly Earnings on Tuesday
Home Depot (NYSE:HD) PT Lowered to $311.00
Home Depot (NYSE:HD) Upgraded at StockNews.com
Home Depot Whale Trades Spotted
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
8/15/2022
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
$366.00
High Stock Price Forecast
$470.00
Low Stock Price Forecast
$285.00
Forecasted Upside/Downside
+16.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.81
Research Coverage
21 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
$18.43 per share
Book Value
($1.62) per share

Miscellaneous

Outstanding Shares
1,027,755,000
Free Float
1,026,008,000
Market Cap
$322.70 billion
Optionable
Optionable
Beta
0.99

Social Links















HD Stock - Frequently Asked Questions

Should I buy or sell Home Depot stock right now?

21 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Home Depot in the last year. There are currently 4 hold ratings and 17 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" HD shares.
View HD analyst ratings
or view top-rated stocks.

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

21 Wall Street research analysts have issued 1-year price objectives for Home Depot's stock. Their HD share price forecasts range from $285.00 to $470.00. On average, they predict the company's share price to reach $366.00 in the next year. This suggests a possible upside of 16.2% from the stock's current price.
View analysts price targets for HD
or view top-rated stocks among Wall Street analysts.

How have HD shares performed in 2022?

Home Depot's stock was trading at $415.01 at the beginning of the year. Since then, HD stock has decreased by 24.1% and is now trading at $314.89.
View the best growth stocks for 2022 here
.

When is Home Depot's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 16th 2022.
View our HD earnings forecast
.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.67 by $0.42. The home improvement retailer had revenue of $38.91 billion for the quarter, compared to the consensus estimate of $36.78 billion. Home Depot had a net margin of 10.83% and a negative trailing twelve-month return on equity of 21,952.60%. The firm's quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.86 EPS.
Read the conference call transcript
.

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

Home Depot announced a quarterly dividend on Thursday, May 19th. Shareholders of record on Thursday, June 2nd will be paid a dividend of $1.90 per share on Thursday, June 16th. This represents a $7.60 annualized dividend and a yield of 2.41%. The ex-dividend date is Wednesday, June 1st.
Read our dividend analysis for HD
.

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 2.41%. The company 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 is 48.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HD will have a dividend payout ratio of 43.91% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HD.

How will Home Depot's stock buyback program work?

Home Depot announced that its Board of Directors has approved a stock buyback plan on Thursday, May 20th 2021, which allows the company to repurchase $20,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 5.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's management believes its stock is 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 Chief Executive Officer Craig Menear on Glassdoor.com. Craig Menear has an approval rating of 84% among the company'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 number of institutional and retail investors. Top institutional shareholders include FMR LLC (1.30%), Northern Trust Corp (1.27%), Deutsche Bank AG (0.45%), Swiss National Bank (0.44%), Jennison Associates LLC (0.39%) and Sumitomo Mitsui Trust Holdings Inc. (0.33%). Insiders that own company 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
.

How do I buy shares of Home Depot?

Shares of HD stock 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 $314.89.

How much money does Home Depot make?

Home Depot (NYSE:HD) has a market capitalization of $323.63 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?

The company 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 the company 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 8/15/2022 by MarketBeat.com Staff

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