Home Depot (HD) Stock Price, News & Analysis

$336.02
+0.66 (+0.20%)
(As of 04/22/2024 ET)
Today's Range
$333.74
$339.34
50-Day Range
$332.83
$395.21
52-Week Range
$274.26
$396.87
Volume
3.11 million shs
Average Volume
3.35 million shs
Market Capitalization
$333.00 billion
P/E Ratio
22.25
Dividend Yield
2.68%
Price Target
$375.96

Home Depot MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.65 Rating Score
Upside/​Downside
11.9% Upside
$375.96 Price Target
Short Interest
Healthy
1.00% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.92
Upright™ Environmental Score
News Sentiment
0.25mentions of Home Depot in the last 14 days
Based on 45 Articles This Week
Insider Trading
Selling Shares
$16.58 M Sold Last Quarter
Proj. Earnings Growth
6.90%
From $15.37 to $16.43 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.82 out of 5 stars

Retail/Wholesale Sector

16th out of 201 stocks

Lumber & Other Building Materials Industry

1st out of 5 stocks

HD stock logo

About Home Depot Stock (NYSE:HD)

Home Depot is a US-based multinational big-box retailer focusing on the home improvement market. It is the largest home improvement retailer in the US and has operations in all Canadian provinces, all Mexican states, Guam, Puerto Rico and the U.S. Virgin Islands. The company employs more than 490,000 individuals and brought in more than $150 billion in revenue for fiscal 2021.

Home Depot was founded in 1978 by five partners with a vision to become the largest home supply superstore. The company got its first financing with the aid of Ken Langone and opened its first two stores in 1979. By 1981 the company was going public with an IPO on the NASDAQ stock exchange that raised a whopping $4.1 million. The company switched its listing to the New York Stock Exchange in 1984 and has been traded there ever since.

1984 also brought the company’s first expansions outside its home territory of Georgia. By the end of the year, there were 19 Home Depots, and by 1989 it was indeed the largest home improvement retailer in the U.S. Not long after, to spur additional growth, the company added a line of product installation services that was very successful. That same year, in 1991, the company began making its first major acquisitions.

By 1995 Home Depot operated 350 stores across the contiguous US. It moved into the Mexican market in 2002 and opened its first landscape supply. In 2008 the company experienced its first decline in business due to the housing market bubble and subsequent economic recession, but the company was able to weather the storm. Growth was back on the table in 2013, and momentum has built since then.

Today, Home Depot operates a network of more than 3,500 stores in North America and adjacent territories. The company lists 35,000 products in-store with another 1 million online. In regard to eCommerce, Home Depot has been a leader in digital sales channels and launched its digital store in 2000, more than a decade ahead of many others in the retail industry. The company’s goal here is to provide a seamless experience between online and physical retail they call The One Home Depot strategy.

Home Depot is also a leader in customer-centric and employee-centric operations. The company’s guiding principle is illustrated by an inverted pyramid with customers at the top and the CEO at the bottom. In between are the front-line associates, field and customer support to make it all work. The company believes its total addressable market is worth $900 billion in annual sales, leaving plenty of room to continue growing. The near-term goal is to top $200 billion in annual sales, which will happen before 2030.

Home Depot’s mascot is Homer D. Poe. Homer D. Poe is a friendly-looking fellow wearing a cap that has been featured in Home Improvement advertising and merchandising materials for over three decades.




HD Stock Price History

HD Stock News Headlines

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Consumer sentiment readings reached levels not seen since 2021, creating an opportunity for these three stocks to fill their gaps against the sector
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Home Depot is buying SRS Distribution, a materials provider for professionals, in a deal valued at approximately $18.25 billion
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Home Depot to buy supplier SRS Distribution for $18 billion, capitalizing on growing business with professional builders
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Home Depot (NYSE:HD) Trading 0.5% Higher
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See More Headlines
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Company Calendar

Last Earnings
2/20/2024
Ex-Dividend for 3/21 Dividend
3/06/2024
Dividend Payable
3/21/2024
Today
4/22/2024
Next Earnings (Confirmed)
5/14/2024
Fiscal Year End
1/31/2025

Industry, Sector and Symbol

Industry
Lumber & other building materials
Sub-Industry
Home Improvement Retail
CUSIP
43707610
Employees
509,300
Year Founded
1978

Price Target and Rating

Average Stock Price Target
$375.96
High Stock Price Target
$440.00
Low Stock Price Target
$310.00
Potential Upside/Downside
+11.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.65
Research Coverage
26 Analysts

Profitability

Net Income
$15.14 billion
Pretax Margin
13.05%

Debt

Sales & Book Value

Annual Sales
$152.67 billion
Cash Flow
$18.71 per share
Book Value
$1.05 per share

Miscellaneous

Free Float
990,025,000
Market Cap
$334.96 billion
Optionable
Optionable
Beta
0.98

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Should I Buy Home Depot Stock? HD Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Home Depot:

  • Home Depot has shown consistent revenue growth over the past few quarters, indicating a strong financial performance.
  • The company offers a wide range of products and services, catering to both individual homeowners and professional contractors, diversifying its customer base.
  • With a strong focus on e-commerce, Home Depot has been able to capitalize on the growing trend of online shopping, enhancing its market reach.
  • Home Depot's stock price has been steadily increasing, reflecting positive investor sentiment and confidence in the company's future prospects.
  • The home improvement industry is expected to continue growing, presenting long-term opportunities for Home Depot to expand its market share and profitability.

Cons

Investors should be bearish about investing in Home Depot for these reasons:

  • Intense competition in the home improvement retail sector could potentially impact Home Depot's market position and margins.
  • Economic downturns or fluctuations in the housing market could lead to reduced consumer spending on home improvement products, affecting Home Depot's sales.
  • Changes in consumer preferences or trends towards DIY projects may impact demand for Home Depot's installation services, affecting a key revenue stream.
  • Supply chain disruptions or material cost increases could impact Home Depot's profitability and pricing strategies.
  • Regulatory changes or environmental concerns related to the lumber and building materials industry could pose challenges for Home Depot's operations and expansion plans.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these Home Depot pros and cons to contact@marketbeat.com.

HD Stock Analysis - Frequently Asked Questions

Should I buy or sell Home Depot stock right now?

26 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Home Depot in the last twelve months. There are currently 1 sell rating, 7 hold ratings and 18 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" HD shares.
View HD analyst ratings
or view top-rated stocks.

What is Home Depot's stock price target for 2024?

26 brokers have issued 1 year target prices for Home Depot's stock. Their HD share price targets range from $310.00 to $440.00. On average, they anticipate the company's share price to reach $375.96 in the next year. This suggests a possible upside of 11.9% from the stock's current price.
View analysts price targets for HD
or view top-rated stocks among Wall Street analysts.

How have HD shares performed in 2024?

Home Depot's stock was trading at $346.55 on January 1st, 2024. Since then, HD shares have decreased by 3.0% and is now trading at $336.02.
View the best growth stocks for 2024 here
.

When is Home Depot's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
View our HD earnings forecast
.

How can I listen to Home Depot's earnings call?

Home Depot will be holding an earnings conference call on Tuesday, May 14th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Home Depot's earnings last quarter?

The Home Depot, Inc. (NYSE:HD) released its quarterly earnings data on Tuesday, February, 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.77 by $0.05. The home improvement retailer earned $34.79 billion during the quarter, compared to analyst estimates of $34.64 billion. Home Depot had a net margin of 9.92% and a trailing twelve-month return on equity of 1,452.22%. The firm's quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.30 EPS.
Read the conference call transcript
.

How often does Home Depot pay dividends? What is the dividend yield for Home Depot?

Home Depot announced a quarterly dividend on Tuesday, February 20th. Stockholders of record on Thursday, March 7th will be given a dividend of $2.25 per share on Thursday, March 21st. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend is Wednesday, March 6th. This is an increase from the stock's previous quarterly dividend of $2.09.
Read our dividend analysis for HD
.

Is Home Depot a good dividend stock?

Home Depot (NYSE:HD) pays an annual dividend of $9.00 per share and currently has a dividend yield of 2.68%. The company has been increasing its dividend for 15 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 59.60%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HD will have a dividend payout ratio of 54.78% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HD.

How will Home Depot's stock buyback program work?

Home Depot declared that its board has authorized a share repurchase program on Tuesday, August 15th 2023, which permits the company to repurchase $15,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 4.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board believes its stock is undervalued.

What guidance has Home Depot issued on next quarter's earnings?

Home Depot issued an update on its FY 2024 earnings guidance on Tuesday, February, 20th. The company provided earnings per share (EPS) guidance of 15.260-15.260 for the period, compared to the consensus estimate of 15.610. The company issued revenue guidance of $154.2 billion-$154.2 billion, compared to the consensus revenue estimate of $155.0 billion.

What is Craig Menear's approval rating as Home Depot's CEO?

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.

What other stocks do shareholders of Home Depot own?

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).

Who are Home Depot's major shareholders?

Home Depot's stock is owned by many different retail and institutional investors. Top institutional investors include Raymond James & Associates (0.36%), Sumitomo Mitsui Trust Holdings Inc. (0.27%), Sarasin & Partners LLP (0.06%), Allspring Global Investments Holdings LLC (0.05%), Los Angeles Capital Management LLC (0.05%) and Congress Asset Management Co. MA (0.04%). 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, Kimberly R Scardino, Matt Carey, Paula Santilli, Richard V Mcphail, Teresa Wynn Roseborough, Timothy A Hourigan and William D Bastek.
View institutional ownership trends
.

How do I buy shares of Home Depot?

Shares of HD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Home Depot have any subsidiaries?
The following companies are subsidiares of Home Depot: Apex Supply, Askuity, BlackLocus, Chem-Dry, Compact Power Equipment, HD Development Holdings Inc., HD Development of Maryland Inc., HD Supply Distribution Services, Home Decorators Collection, Home Depot International Inc., Home Depot Product Authority LLC, Home Depot U.S.A. Inc., Home Depot of Canada Inc., Home Mart Mexico, Hughes Supply, Interline Brands, Measurecomp, National Waterworks Holdings, Redbeacon, US Home Systems, White Cap Construction Supply, Your Other Warehouse, and blinds.com.
Read More
This page (NYSE:HD) was last updated on 4/22/2024 by MarketBeat.com Staff

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