Home Depot is a home improvement company located in Georgia, United States, which is part of the Consumer Cyclical sector, and is traded under the ticker HD on the NYSE exchange.
Home Depot stock last closed at $344.21, up 0.43% from the previous day, and has increased 17.72% in one year. It has overperformed other stocks in the Home Improvement Retail industry by 0.01 percentage points. Home Depot stock is currently +25.5% from its 52-week low of $274.26, and -13.27% from its 52-week high of $396.87.
As of May 17, 2024, there are 991.02M HD shares outstanding. The market value of HD is $341.12B. In the last 24 hours, 2.72M HD shares were traded.
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After you have identified the best place to buy Home Depot stock, it's absolutely critical to evaluate their stock prior to buying, so you can wrap your head around the risk as well as the upside.
WallStreetZen was built to help average investors do more accurate fundamental analysis in less time.
You can see all of the due diligence checks on HD's stock page.
Investors use many financial metrics, analyses, models, and charts to gauge HD's intrinsic value.
Using relative valuations measures:
You can do more valuation analysis on HD's stock here.
Out of 18 Equities analysts who monitor HD, the consensus analyst rating on HD is a Strong Buy
It's important to keep in mind that analyst ratings are not recommendations, nor are they financial advice.
Joe Feldman, a top 1% analyst from Telsey Advisory Group maintains HD with a hold rating and maintains their HD price target from $360.00 to $360.00, on May 14, 2024.
Seth Basham, a top 12% analyst from Wedbush reiterates HD with a buy rating and maintains their HD price target from $410.00 to $410.00, on May 10, 2024.
Zachary Fadem, a top 2% analyst from Wells Fargo maintains HD with a strong buy rating and lowers their HD price target from $425.00 to $400.00, on May 9, 2024.
Steven Zaccone, a top 27% analyst from Citigroup maintains HD with a strong buy rating and lowers their HD price target from $415.00 to $395.00, on May 7, 2024.
Citigroup's Steven Zaccone lowered their price target on Home Depot (NYSE: HD) by 4.8% from $415 to $395 on 2024/05/07. The analyst maintained their Strong Buy rating on the stock.
Home Deport will report its Q1 2024 earnings on 2024/05/14.
In a preview note on their Consumer Cyclical (Hardline Retailers) sector portfolio, Zaccone told investors to expect most names to "report Q1 results in line or slightly above Street estimates with FY guidance maintained."
The analyst added that they see same-store-sales misses and potential guide-downs for categories at the "losing end of consumer spending," namely pet retail and electronics.
Zaccone said Citigroup continues to believe a "barbell approach" is best for investors given the uncertainty of rates and recommends playing defense with O'Reilly Automotive and AutoZone, and offense with Home Depot, RH, and Boot Barn.
For Q1 2024, Home Depot reported:
Noting that FY 2024 include a 53rd week, management guided (unchanged):
Chair, President & CEO Ted Decker commented: "We continued to grow market share the quarter.
"And while the quarter was impacted by a delayed start to spring and continued softness in certain larger discretionary projects, we feel great about our store readiness, our product assortment in stores and online, and our associate engagement."
Steven Forbes, a top 28% analyst from Guggenheim reiterates HD with a strong buy rating and maintains their HD price target from $390.00 to $390.00, on Apr 5, 2024.
You can dive deeper into what analysts are forecasting on the Home Depot stock forecast page.
Last year, HD earnings were $15.14B. Over the past 5 year, HD's earnings have gone up by 9.16% per year. This was slower than the Home Improvement Retail industry average of 16.79%.
Last year, HD revenue was $152.67B. Over the past five year, HD's revenue has grown by 7.13% per year. This was faster than the Home Improvement Retail industry average of 6.64%.
Learn more about HD's earnings and revenue performance here.
In the last 12 months, executives and large shareholders at HD have sold more shares than they have bought.
Fahim Siddiqui, EVP and CIO of HD, was the latest HD insider to sell. They sold $1,031,370.00 worth of HD stock on May 16, 2024.
Research more about who owns HD shares here.
Home Depot pays a dividend of 2.48%, compared to the Home Improvement Retail industry's average dividend yield of 3.95%. If you owned $1,000 worth of HD stock, you would have been paid $24.75 last year.
Home Depot dividend payments have consistently grown over the past decade and have remained stable.
Find more info about Home Depot dividend yield and history here.
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To reiterate, here are the 6 steps to buy stock in Home Depot:
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