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 Stock Down 0.5 %

HD Stock opened at $325.76 on Thursday. The company has a 50-day simple moving average of $292.90 and a 200 day simple moving average of $308.37. The company has a market capitalization of $334.80 billion, a P/E ratio of 20.68, a PEG ratio of 1.74 and a beta of 0.99. Home Depot has a fifty-two week low of $264.51 and a fifty-two week high of $420.61.

Home Depot (NYSE:HD - Get Rating) last issued its quarterly earnings results on Tuesday, August 16th. The home improvement retailer reported $5.05 earnings per share for the quarter, topping analysts' consensus estimates of $4.95 by $0.10. Home Depot had a net margin of 10.83% and a negative return on equity of 21,952.60%. The company had revenue of $43.79 billion during the quarter, compared to analyst estimates of $43.33 billion. During the same period in the prior year, the business posted $4.53 EPS. The business's revenue for the quarter was up 6.5% compared to the same quarter last year. Equities analysts anticipate that Home Depot will post 16.42 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HD. OTR Global cut shares of Home Depot to a "positive" rating in a report on Tuesday, May 10th. Guggenheim increased their price target on shares of Home Depot from $350.00 to $355.00 and gave the stock a "buy" rating in a research report on Wednesday. Jefferies Financial Group decreased their price target on Home Depot from $420.00 to $400.00 and set a "buy" rating for the company in a research note on Wednesday, May 18th. Morgan Stanley upped their price objective on Home Depot from $350.00 to $360.00 and gave the company an "overweight" rating in a research note on Wednesday. Finally, Robert W. Baird lifted their target price on Home Depot from $335.00 to $360.00 and gave the stock an "outperform" rating in a research report on Tuesday. Four research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $365.50.

Insider Transactions at Home Depot

In other Home Depot news, Director Becker Caryn Seidman bought 1,500 shares of Home Depot stock in a transaction that occurred on Monday, May 23rd. The stock was purchased at an average cost of $287.73 per share, for a total transaction of $431,595.00. Following the completion of the acquisition, the director now owns 1,500 shares of the company's stock, valued at approximately $431,595. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Becker Caryn Seidman bought 1,500 shares of Home Depot stock in a transaction dated Monday, May 23rd. The stock was acquired 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 in the company, valued at approximately $431,595. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ann Marie Campbell sold 11,293 shares of Home Depot stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 51,175 shares in the company, valued at approximately $14,739,935.25. The disclosure for this sale can be found here. Corporate insiders own 0.17% of the company's stock.