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.

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.