Home Depot - HD Stock Forecast, Price & News

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Home Depot in the last year. There are currently 8 hold ratings and 17 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" HD shares.
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25 Wall Street research analysts have issued 1 year price objectives for Home Depot's shares. Their HD share price forecasts range from $280.00 to $394.00. On average, they predict the company's share price to reach $341.24 in the next year. This suggests a possible upside of 5.1% from the stock's current price.
View analysts price targets for HD or view top-rated stocks among Wall Street analysts.

Home Depot's stock was trading at $315.86 at the start of the year. Since then, HD stock has increased by 2.8% and is now trading at $324.66.
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Home Depot saw a decrease in short interest in the month of January. As of January 15th, there was short interest totaling 11,990,000 shares, a decrease of 9.3% from the December 31st total of 13,220,000 shares. Based on an average trading volume of 4,020,000 shares, the days-to-cover ratio is presently 3.0 days. Approximately 1.2% of the company's shares are short sold.
View Home Depot's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 21st 2023.
View our HD earnings forecast.

Home Depot will be holding an earnings conference call on Tuesday, February 21st at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

The Home Depot, Inc. (NYSE:HD) announced its quarterly earnings results on Tuesday, November, 15th. The home improvement retailer reported $4.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.11 by $0.13. The home improvement retailer earned $38.87 billion during the quarter, compared to the consensus estimate of $37.96 billion. Home Depot had a negative trailing twelve-month return on equity of 3,656.69% and a net margin of 10.87%. The company's quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the business earned $3.92 earnings per share.
Read the conference call transcript.

Home Depot declared a quarterly dividend on Thursday, November 17th. Stockholders of record on Thursday, December 1st will be given a dividend of $1.90 per share on Thursday, December 15th. This represents a $7.60 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend is Wednesday, November 30th.
Read our dividend analysis for HD.

Home Depot (NYSE:HD) pays an annual dividend of $7.60 per share and currently has a dividend yield of 2.29%. The company has been increasing its dividend for 13 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 44.65% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HD.

Home Depot declared that its Board of Directors has approved a share repurchase program on Thursday, August 18th 2022, which permits the company to repurchase $15,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 4.5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board believes its stock is undervalued.

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.

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).

Home Depot trades on the New York Stock Exchange (NYSE) under the ticker symbol "HD."

Home Depot's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Fisher Asset Management LLC (0.81%), Cottage Street Advisors LLC (0.35%), Sumitomo Mitsui Trust Holdings Inc. (0.33%), Envestnet Asset Management Inc. (0.21%), New York State Common Retirement Fund (0.19%) and C WorldWide Group Holding A S (0.13%). 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.
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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.
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One share of HD stock can currently be purchased for approximately $324.66.

Home Depot (NYSE:HD) has a market capitalization of $332.36 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.

The company employs 490,600 workers across the globe.

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.