Home Depot - HD Stock Forecast, Price & News

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 Analyst Weigh In

HD has been the subject of several recent analyst reports. DA Davidson cut their price objective on Home Depot from $354.00 to $330.00 and set a "na" rating for the company in a report on Wednesday, May 18th. Wedbush cut their price objective on Home Depot from $340.00 to $320.00 and set a "neutral" rating for the company in a report on Wednesday, May 18th. OTR Global lowered Home Depot to a "positive" rating in a research note on Tuesday, May 10th. Citigroup upped their target price on Home Depot from $327.00 to $348.00 in a research note on Friday, May 20th. Finally, Raymond James cut their target price on Home Depot from $350.00 to $340.00 and set an "outperform" rating for the company in a research note on Wednesday, May 18th. Four research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $366.00.

Home Depot Stock Performance

Shares of Home Depot stock traded up $4.20 during midday trading on Friday, reaching $314.89. 2,234,936 shares of the company's stock traded hands, compared to its average volume of 4,474,747. The company has a market cap of $323.63 billion, a PE ratio of 19.91, a price-to-earnings-growth ratio of 1.73 and a beta of 0.99. The stock has a 50 day moving average of $291.41 and a 200-day moving average of $309.46. Home Depot has a 12 month low of $264.51 and a 12 month high of $420.61.

Home Depot (NYSE:HD - Get Rating) last issued its quarterly earnings results on Tuesday, May 17th. The home improvement retailer reported $4.09 earnings per share for the quarter, topping the consensus estimate of $3.67 by $0.42. The company had revenue of $38.91 billion for the quarter, compared to analysts' expectations of $36.78 billion. Home Depot had a negative return on equity of 21,952.60% and a net margin of 10.83%. The firm's revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the prior year, the firm earned $3.86 earnings per share. On average, equities analysts anticipate that Home Depot will post 16.42 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 16th. Investors of record on Thursday, June 2nd were paid a $1.90 dividend. The ex-dividend date was Wednesday, June 1st. This represents a $7.60 annualized dividend and a yield of 2.41%. Home Depot's payout ratio is 48.25%.

Insider Buying and Selling

In other news, EVP Ann Marie Campbell sold 11,293 shares of the stock in a transaction on Tuesday, May 24th. The stock was 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 $14,739,935.25. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, EVP Ann Marie Campbell sold 11,293 shares of the stock in a transaction on Tuesday, May 24th. The stock was 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 $14,739,935.25. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Becker Caryn Seidman bought 1,500 shares of the business's stock in a transaction dated Monday, May 23rd. The stock was bought at an average cost of $287.73 per share, for a total transaction of $431,595.00. Following the completion of the purchase, the director now owns 1,500 shares of the company's stock, valued at approximately $431,595. The disclosure for this purchase can be found here. 0.17% of the stock is owned by insiders.