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NYSE:HD

Home Depot (HD) Stock Price, News & Analysis

$325.10
-1.79 (-0.55%)
(As of 05/24/2024 ET)
Today's Range
$324.42
$327.54
50-Day Range
$325.10
$395.21
52-Week Range
$274.26
$396.87
Volume
2.74 million shs
Average Volume
3.55 million shs
Market Capitalization
$322.37 billion
P/E Ratio
21.80
Dividend Yield
2.77%
Price Target
$377.46

Home Depot MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.64 Rating Score
Upside/​Downside
16.1% Upside
$377.46 Price Target
Short Interest
Healthy
0.87% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.92
Upright™ Environmental Score
News Sentiment
0.49mentions of Home Depot in the last 14 days
Based on 47 Articles This Week
Insider Trading
Selling Shares
$19.33 M Sold Last Quarter
Proj. Earnings Growth
6.14%
From $15.31 to $16.25 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.

4.90 out of 5 stars

Retail/Wholesale Sector

10th out of 196 stocks

Lumber & Other Building Materials Industry

2nd 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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This year, the stock market could show investors a new divide, unlike anything that portfolios have dealt with in the past economic cycle. After contracting for over 15 months, the U.S. manufacturing and industrial sector could be set up to outperform others, even if there are currently hot issues in the technology sector.
3 Dow Stocks to Watch as The Index Hits a New High (HD)
Three companies could lead the way in investor portfolios just as they have led the way in the Dow index hitting a fresh all-time high recently, analysts agree
MarketBeat Week in Review – 5/13 - 5/17 (HD)
Markets took a breather to end the week as investors wait for Nvidia's earnings after a week that saw the Dow cross the 40,000 mark for the first time
Home Depot: Earnings Mixed, Wait to Buy the Dip
Home Depot NYSE: HD issued a mixed Q1 report offering little reason to buy or sell the stock. On the one hand, weaker-than-expected revenue and tepid guidance suggest growth will be hard to come by this year.
Home Depot: Earnings Mixed, Wait to Buy the Dip
Home Depot had a mixed Q1 but showed signs of a normalized business after the pandemic bubble, inflation, and normalized interest rates.
Home Depot's sales continue to soften in 2024 as inflation, delayed start to spring weigh on sales
Home Depot’s sales continued to soften in the first quarter as the nation’s largest home improvement retailer not only was constrained by high mortgage rates and customers dealing with inflation concerns, but it also had to deal with a delayed start to spring
MarketBeat Week in Review – 5/6 - 5/10 (HD)
Sell in May, then go away got pushed to the side this week, but the bearish sentiment could return when investors get the latest read on inflation next week.
Mastering Stocks in the Dow: Insights into the DJIA (HD)
What is the Dow Jones Industrial Average (DJIA)? The Dow Jones Industrial Average includes 30 companies, once all industrial companies. Learn more.
Home Depot (NYSE:HD) Shares Down 0.1%
Home Depot (NYSE:HD) Trading Down 0.8%
Home Depot (NYSE:HD) Downgraded by StockNews.com
3 Stocks That Turned $1,000 Into $1 million
RBC Capital Keeps Their Hold Rating on Home Depot (HD)
7 Stocks to Buy if the Market Ends Up Plunging
3 Retail Stocks to Add to Your Cart in May
See More Headlines
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Company Calendar

Ex-Dividend for 3/21 Dividend
3/06/2024
Dividend Payable
3/21/2024
Last Earnings
5/14/2024
Today
5/26/2024
Ex-Dividend for 6/13 Dividend
5/29/2024
Dividend Payable
6/13/2024
Next Earnings (Estimated)
8/20/2024
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
$377.46
High Stock Price Target
$425.00
Low Stock Price Target
$315.00
Potential Upside/Downside
+16.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.64
Research Coverage
28 Analysts

Profitability

Net Income
$15.14 billion
Pretax Margin
12.82%

Debt

Sales & Book Value

Annual Sales
$152.67 billion
Cash Flow
$18.56 per share
Book Value
$1.84 per share

Miscellaneous

Free Float
990,622,000
Market Cap
$322.37 billion
Optionable
Optionable
Beta
1.01

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HD Stock Analysis - Frequently Asked Questions

Should I buy or sell Home Depot stock right now?

28 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Home Depot in the last year. There are currently 1 sell rating, 8 hold ratings and 19 buy ratings for the stock. The consensus among Wall Street 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?

28 brokers have issued 12 month target prices for Home Depot's shares. Their HD share price targets range from $315.00 to $425.00. On average, they anticipate the company's stock price to reach $377.46 in the next year. This suggests a possible upside of 16.1% 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 at the beginning of the year. Since then, HD shares have decreased by 6.2% and is now trading at $325.10.
View the best growth stocks for 2024 here
.

Are investors shorting Home Depot?

Home Depot saw a decline in short interest in the month of April. As of April 15th, there was short interest totaling 9,310,000 shares, a decline of 5.9% from the March 31st total of 9,890,000 shares. Based on an average daily trading volume, of 3,420,000 shares, the short-interest ratio is currently 2.7 days. Currently, 0.9% of the shares of the stock are sold short.
View Home Depot's Short Interest
.

When is Home Depot's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 20th 2024.
View our HD earnings forecast
.

How were Home Depot's earnings last quarter?

The Home Depot, Inc. (NYSE:HD) issued its quarterly earnings results on Tuesday, May, 14th. The home improvement retailer reported $3.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.61 by $0.02. The home improvement retailer had revenue of $36.42 billion for the quarter, compared to analysts' expectations of $36.65 billion. Home Depot had a net margin of 9.79% and a trailing twelve-month return on equity of 1,056.67%. Home Depot's revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.82 earnings per share.
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 Thursday, May 16th. Stockholders of record on Thursday, May 30th will be paid a dividend of $2.25 per share on Thursday, June 13th. This represents a $9.00 annualized dividend and a yield of 2.77%. The ex-dividend date is Wednesday, May 29th.
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 2.77%. 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 60.36%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HD will have a dividend payout ratio of 55.38% 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 of Directors has approved a share buyback plan on Tuesday, August 15th 2023, which permits the company to buyback $15,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 4.6% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board of directors 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, May, 14th. The company provided EPS guidance of 15.260-15.260 for the period, compared to the consensus earnings per share estimate of 15.330. The company issued revenue guidance of $154.2 billion-$154.2 billion, compared to the consensus revenue estimate of $154.4 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 a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.48%), Capital World Investors (3.80%), Capital Research Global Investors (1.36%), Bank of New York Mellon Corp (0.89%), Price T Rowe Associates Inc. MD (0.75%) and Jennison Associates LLC (0.50%). Insiders that own company stock include Ann Marie Campbell, Becker Caryn Seidman, Craig A Menear, Edward P Decker, Fahim Siddiqui, Hector A Padilla, 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 5/26/2024 by MarketBeat.com Staff

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