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Home Depot - HD Stock Forecast, Price & News

$327.99
+0.92 (+0.28%)
(As of 12/2/2022 05:17 PM ET)
Add
Compare
Today's Range
$320.33
$328.48
50-Day Range
$266.58
$327.07
52-Week Range
$264.51
$420.61
Volume
3.64 million shs
Average Volume
4.33 million shs
Market Capitalization
$335.77 billion
P/E Ratio
19.77
Dividend Yield
2.32%
Price Target
$346.29

Home Depot MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
5.6% Upside
$346.29 Price Target
Short Interest
Healthy
0.97% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.92
Upright™ Environmental Score
News Sentiment
0.21mentions of Home Depot in the last 14 days
Based on 23 Articles This Week
Insider Trading
Selling Shares
$923,170 Sold Last Quarter
Proj. Earnings Growth
2.70%
From $16.64 to $17.09 Per Share

Overall MarketRank

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

2.64 out of 5 stars

Retail/Wholesale Sector

42nd out of 217 stocks

Lumber & Other Building Materials Industry

1st out of 4 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.

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HD Stock News Headlines

5 Stocks to Buy That Pay Reliable Monthly Dividends (HD)
Owning dividend stocks has many benefits. This article lists five monthly dividend stocks that income-oriented investors should consider buying in 2023
The Dogs of The S&P 500 And Why To Invest In Them  (HD)
The Dogs of the S&P 500 is a little-known strategy for income investors that focuses on this year's weakest sectors to find the highest yields and low values.
MarketBeat: Week in Review 11/14 – 11/18 (HD)
This week, investors digested negative news from the retail sector and the Fed and next week's abbreviated trading week won't bring much new news.
The TJX Companies Could Break Out To New Highs (HD)
The TJX Companies is trading near an all-time-high level but probably won't set a new one unless something changes in the outlook.
Why Lowe’s Is Up And Home Depot Down  (HD)
Lowe's is moving higher and will continue to outperform its competitor because of its position with the DIY channels and expectation for a housing slowdown.
Don’t Chase Walmart Higher, Wait For Extra Low Prices (HD)
Walmart popped on better-than-expected news but the strength may already be priced into the market and there are some technical hurdles ahead.
3 Reasons Amazon Will Deliver Better 2023 Returns (HD)
Whenever growth stocks return to favor, Amazon has several things going for it that could make it rebound faster than others.
Philadelphia Home Depot workers vote to reject unionization
Home Depot workers in Philadelphia rejected the first store-wide labor union at the world’s largest home improvement retailer Saturday night, a loss for a fledgling movement to organize at major U.S. companies
The Home Depot Charges Ahead With 100 MW of Solar Energy
Top 15 Dividend Stocks To Buy According To Hedge Funds
Home Depot vs. Lowe's
1 Green Flag for Home Depot in 2022, and 1 Red Flag
The Home Depot, Inc. (NYSE:HD) Announces $1.90 Quarterly Dividend
Home Depot: Dividend Insights
Home Depot (NYSE:HD) Rating Lowered to Hold at StockNews.com
See More Headlines
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HD Company Calendar

Ex-Dividend for 9/15 Dividend
8/31/2022
Dividend Payable
9/15/2022
Last Earnings
11/15/2022
Ex-Dividend for 12/15 Dividend
11/30/2022
Today
12/02/2022
Dividend Payable
12/15/2022
Fiscal Year End
1/31/2023
Next Earnings (Estimated)
2/28/2023

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
$346.29
High Stock Price Forecast
$470.00
Low Stock Price Forecast
$280.00
Forecasted Upside/Downside
+5.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
24 Analysts

Profitability

Net Income
$16.43 billion
Pretax Margin
14.39%

Debt

Sales & Book Value

Annual Sales
$151.16 billion
Cash Flow
$18.71 per share
Book Value
$1.27 per share

Miscellaneous

Outstanding Shares
1,023,726,000
Free Float
1,021,986,000
Market Cap
$335.77 billion
Optionable
Optionable
Beta
0.96

Social Links


Key Executives

  • Mr. Edward P. DeckerMr. Edward P. Decker (Age 59)
    Chairman, Pres & CEO
    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. 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.
  • Sara Gorman
    Sr. Director of Corp. Communications













HD Stock - Frequently Asked Questions

Should I buy or sell Home Depot stock right now?

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Home Depot in the last twelve months. There are currently 6 hold ratings and 18 buy ratings for the stock. The consensus among Wall Street 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 2023?

24 equities research analysts have issued 1-year target prices for Home Depot's stock. Their HD share price forecasts range from $280.00 to $470.00. On average, they expect the company's share price to reach $346.29 in the next year. This suggests a possible upside of 6.0% 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 21.3% and is now trading at $326.80.
View the best growth stocks for 2022 here
.

Are investors shorting Home Depot?

Home Depot saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 9,860,000 shares, an increase of 29.4% from the October 31st total of 7,620,000 shares. Based on an average daily volume of 3,850,000 shares, the days-to-cover ratio is presently 2.6 days. Currently, 1.0% of the company's shares are sold short.
View Home Depot's Short Interest
.

When is Home Depot's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 28th 2023.
View our HD earnings forecast
.

How were Home Depot's earnings last quarter?

The Home Depot, Inc. (NYSE:HD) released its earnings results on Tuesday, November, 15th. The home improvement retailer reported $4.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.11 by $0.13. The home improvement retailer had revenue of $38.87 billion for the quarter, compared to analyst estimates of $37.96 billion. Home Depot had a net margin of 10.87% and a negative trailing twelve-month return on equity of 3,656.69%. The firm's revenue was up 5.6% on a year-over-year basis. During the same period last year, the business earned $3.92 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 declared a quarterly dividend on Thursday, November 17th. Stockholders of record on Thursday, December 1st will be paid a dividend of $1.90 per share on Thursday, December 15th. This represents a $7.60 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date is Wednesday, November 30th.
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 2.35%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 45.81%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HD will have a dividend payout ratio of 44.47% 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 has authorized a stock repurchase program on Thursday, August 18th 2022, which authorizes the company to buyback $15,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 4.5% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's leadership believes its shares are undervalued.

What guidance has Home Depot issued on next quarter's earnings?

Home Depot updated its FY 2022 earnings guidance on Tuesday, September, 20th. The company provided earnings per share (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 a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.23%), BlackRock Inc. (6.98%), State Street Corp (4.27%), Bank of New York Mellon Corp (0.98%), Alliancebernstein L.P. (0.95%) and Fisher Asset Management LLC (0.80%). Insiders that own company stock include Ann Marie Campbell, Becker Caryn Seidman, Craig A Menear, Edward P Decker, Fahim Siddiqui, Hector A Padilla, Karen A Foster, Matt Carey, Paula Santilli, 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 $326.80.

How much money does Home Depot make?

Home Depot (NYSE:HD) has a market capitalization of $334.55 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 $16.59 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
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 12/2/2022 by MarketBeat.com Staff