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Home Depot - HD Stock Forecast, Price & News

$323.35
-1.86 (-0.57%)
(As of 08/19/2022 10:52 AM ET)
Add
Compare
Today's Range
$321.69
$327.04
50-Day Range
$268.98
$327.38
52-Week Range
$264.51
$420.61
Volume
46,120 shs
Average Volume
3.24 million shs
Market Capitalization
$332.33 billion
P/E Ratio
19.87
Dividend Yield
2.33%
Price Target
$365.50

Home Depot MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
12.0% Upside
$365.50 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
0.57mentions of Home Depot in the last 14 days
Based on 85 Articles This Week
Insider Trading
Selling Shares
$3.29 M Sold Last Quarter
Proj. Earnings Growth
5.28%
From $16.49 to $17.36 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

11th out of 218 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.

Home Depot Price Performance

Shares of HD opened at $325.21 on Friday. The stock has a market capitalization of $334.24 billion, a P/E ratio of 19.99, a P/E/G ratio of 1.81 and a beta of 0.99. Home Depot has a twelve month low of $264.51 and a twelve month high of $420.61. The company has a 50 day moving average of $293.40 and a 200-day moving average of $308.08. The company has a quick ratio of 0.28, a current ratio of 1.18 and a debt-to-equity ratio of 165.70.

Home Depot (NYSE:HD - Get Rating) last announced its earnings results on Tuesday, August 16th. The home improvement retailer reported $5.05 EPS for the quarter, topping the consensus estimate of $4.95 by $0.10. The business had revenue of $43.79 billion during the quarter, compared to the consensus estimate of $43.33 billion. Home Depot had a net margin of 10.88% and a negative return on equity of 3,166.43%. Home Depot's revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.53 EPS. As a group, equities research analysts forecast that Home Depot will post 16.42 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be issued a dividend of $1.90 per share. This represents a $7.60 dividend on an annualized basis and a dividend yield of 2.34%. Home Depot's dividend payout ratio (DPR) is presently 46.71%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on HD shares. StockNews.com upgraded Home Depot from a "hold" rating to a "buy" rating in a research report on Monday, August 8th. Gordon Haskett cut Home Depot from a "buy" rating to an "accumulate" rating in a report on Friday, May 6th. MKM Partners began coverage on Home Depot in a report on Thursday, June 23rd. They set a "neutral" rating and a $285.00 target price for the company. Piper Sandler raised their target price on Home Depot from $310.00 to $321.00 and gave the company a "neutral" rating in a report on Wednesday, May 18th. Finally, Evercore ISI reduced their price target on Home Depot to $360.00 in a research report on Thursday, June 9th. Four research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $365.50.

Insider Buying and Selling

In related news, Director Becker Caryn Seidman bought 1,500 shares of the company's stock in a transaction dated 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 completion of the acquisition, the director now directly owns 1,500 shares of the company's stock, valued at $431,595. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Becker Caryn Seidman purchased 1,500 shares of the business's stock in a transaction dated Monday, May 23rd. The stock was purchased at an average cost of $287.73 per share, with a total value of $431,595.00. Following the completion of the acquisition, the director now directly owns 1,500 shares of the company's stock, valued at $431,595. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Ann Marie Campbell sold 11,293 shares of Home Depot 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 sale, the executive vice president now directly owns 51,175 shares of the company's stock, valued at approximately $14,739,935.25. The disclosure for this sale can be found here. 0.17% of the stock is owned by insiders.

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HD Stock News Headlines

Lowe’s Stands Out Amid Q2 Retail Reports  (HD)
Lowe's stands out as a winner in the retail sector after producing a mixed quarter that included bottom-line strength and improved guidance.
Target’s Results Cap Upside Potential For Retail Stocks  (HD)
Target took a hit on the top and bottom line in an effort to get ahead of a storm that is brewing in the retail sector and could take the market down with it.
Home Depot Results Point To Sluggish 2nd Half
Home Depot had a good quarter but much of this year's strength was seen in the 2nd quarter and the outlook is tepid but the dividend is still safe and growing
Home Depot posts record profit, revenue; sticks to outlook
Home Depot’s sales rose in its fiscal second quarter, buoyed by continued demand for items related to home improvement projects
Home Depot 2Q sales up on home improvement project demand
Home Depot’s sales rose in its fiscal second quarter, buoyed by continued demand for items related to home improvement projects
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: Not So Fast, Mr. Market
Home Depot: Not So Fast, Mr. Market
BBBY Bull Ken Griffin’s 10 Favorite Stock Picks
Home Depot Appoints Ted Decker as Chair
The Home Depot Names Ted Decker Chair of the Board
Home Depot: From Fast Grower To Stalwart
Home Depot (NYSE:HD) PT Raised to $355.00 at Guggenheim
See More Headlines
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HD Company Calendar

Ex-Dividend for 6/16 Dividend
6/01/2022
Dividend Payable
6/16/2022
Last Earnings
8/16/2022
Today
8/19/2022
Dividend Payable
9/15/2022
Next Earnings (Estimated)
11/15/2022
Fiscal Year End
1/31/2023
Ex-Dividend for 9/15 Dividend
1/01/2100

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
$365.50
High Stock Price Forecast
$470.00
Low Stock Price Forecast
$285.00
Forecasted Upside/Downside
+13.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
23 Analysts

Profitability

Net Income
$16.43 billion
Pretax Margin
14.40%

Debt

Sales & Book Value

Annual Sales
$151.16 billion
Cash Flow
$18.34 per share
Book Value
$0.23 per share
Price / Book
1,405.87

Miscellaneous

Outstanding Shares
1,027,760,000
Free Float
1,026,008,000
Market Cap
$332.33 billion
Optionable
Optionable
Beta
0.99

Social Links


Key Executives

  • Mr. Edward P. DeckerMr. Edward P. Decker (Age 59)
    Pres, CEO & Director
    Comp: $3.65M
  • Mr. Richard V. McPhailMr. Richard V. McPhail (Age 51)
    Exec. VP & CFO
    Comp: $2.29M
  • Mr. Matthew A. Carey (Age 57)
    Exec. VP of Customer Experience
    Comp: $2.27M
  • Ms. Ann-Marie  CampbellMs. Ann-Marie Campbell (Age 56)
    Exec. VP of U.S. Stores & International Operations
    Comp: $2.36M
  • Mr. Haydn Chilcott
    Sr. VP of Operations
  • Mr. Stephen L. Gibbs (Age 50)
    VP, Chief Accounting Officer & Corp. Controller
  • Mr. Paul Antony
    Sr. VP of Technology
  • Mr. Fahim Siddiqui (Age 56)
    Exec. VP & Chief Information Officer
  • Ms. Isabel Janci
    VP of Investor Relations & Treasurer
  • Ms. Teresa Wynn RoseboroughMs. Teresa Wynn Roseborough (Age 63)
    Exec. VP, Gen. Counsel & Corp. Sec.













HD Stock - Frequently Asked Questions

Should I buy or sell Home Depot stock right now?

23 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Home Depot in the last twelve months. There are currently 4 hold ratings and 19 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?

23 analysts have issued 1-year price targets for Home Depot's stock. Their HD share price forecasts range from $285.00 to $470.00. On average, they expect the company's share price to reach $365.50 in the next twelve months. This suggests a possible upside of 12.4% 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 start of the year. Since then, HD stock has decreased by 21.6% and is now trading at $325.21.
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, November 15th 2022.
View our HD earnings forecast
.

How were Home Depot's earnings last quarter?

The Home Depot, Inc. (NYSE:HD) posted its quarterly earnings data on Tuesday, August, 16th. The home improvement retailer reported $5.05 earnings per share for the quarter, beating analysts' consensus estimates of $4.95 by $0.10. The home improvement retailer earned $43.79 billion during the quarter, compared to analyst estimates of $43.33 billion. Home Depot had a negative trailing twelve-month return on equity of 3,166.43% and a net margin of 10.88%. The firm's revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.53 earnings per share.
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, August 18th. Shareholders of record on Thursday, September 1st will be given a dividend of $1.90 per share on Thursday, September 15th. This represents a $7.60 dividend on an annualized basis and a yield of 2.34%.
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 2.33%. 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 46.71%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HD will have a dividend payout ratio of 43.78% 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 declared that its Board of Directors has authorized a share buyback program on Thursday, August 18th 2022, which permits the company to buyback $15,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to buy up to 4.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board of directors 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, August, 16th. 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 $156.23 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 many different retail and institutional investors. Top institutional shareholders include State Street Corp (4.47%), FMR LLC (1.30%), Northern Trust Corp (1.27%), Price T Rowe Associates Inc. MD (0.56%), UBS Asset Management Americas Inc. (0.50%) and Deutsche Bank AG (0.45%). 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 $325.21.

How much money does Home Depot make?

Home Depot (NYSE:HD) has a market capitalization of $334.24 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 $16.27 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 8/19/2022 by MarketBeat.com Staff

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