Home Depot - HD Stock Forecast, Price & News

24 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Home Depot in the last year. There are currently 6 hold ratings and 18 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" HD shares.
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24 brokers have issued 12-month target prices for Home Depot's shares. Their HD share price forecasts range from $280.00 to $470.00. On average, they expect the company's stock price to reach $346.29 in the next twelve months. This suggests a possible upside of 6.9% from the stock's current price.
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Home Depot's stock was trading at $415.01 on January 1st, 2022. Since then, HD shares have decreased by 21.9% and is now trading at $323.99.
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Home Depot saw a increase in short interest in 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 trading volume of 3,850,000 shares, the days-to-cover ratio is currently 2.6 days. Currently, 1.0% of the shares of the company are short sold.
View Home Depot's Short Interest.

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

The Home Depot, Inc. (NYSE:HD) posted its earnings results on Tuesday, November, 15th. The home improvement retailer reported $4.24 EPS for the quarter, beating analysts' consensus estimates of $4.11 by $0.13. The home improvement retailer had revenue of $38.87 billion for the quarter, compared to analysts' expectations 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%. Home Depot's quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the company earned $3.92 EPS.
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 2.35%. The ex-dividend date 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 2.41%. 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.

Home Depot announced that its board has approved a share buyback plan on Thursday, August 18th 2022, which allows the company to repurchase $15,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 4.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its shares are undervalued.

Home Depot updated its FY 2022 earnings guidance on Tuesday, September, 20th. The company provided earnings per share 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.

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 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.
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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 $323.99.

Home Depot (NYSE:HD) has a market capitalization of $331.68 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.