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Home Depot (HD) Stock Price, News & Analysis

Home Depot logo
$400.00 -6.80 (-1.67%)
(As of 11/20/2024 ET)

About Home Depot Stock (NYSE:HD)

Key Stats

Today's Range
$399.92
$406.70
50-Day Range
$374.49
$418.61
52-Week Range
$302.34
$421.56
Volume
4.73 million shs
Average Volume
3.44 million shs
Market Capitalization
$397.32 billion
P/E Ratio
27.17
Dividend Yield
2.25%
Price Target
$426.00
Consensus Rating
Moderate Buy

Company Overview

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.




Home Depot Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
97th Percentile Overall Score

HD MarketRank™: 

Home Depot scored higher than 97% of companies evaluated by MarketBeat, and ranked 21st out of 215 stocks in the retail/wholesale sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Home Depot has received a consensus rating of Moderate Buy. The company's average rating score is 2.73, and is based on 23 buy ratings, 6 hold ratings, and 1 sell rating.

  • Amount of Analyst Coverage

    Home Depot has been the subject of 19 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Home Depot's stock forecast and price target.
  • Earnings Growth

    Earnings for Home Depot are expected to grow by 3.17% in the coming year, from $15.12 to $15.60 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Home Depot is 27.17, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.44.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Home Depot is 27.17, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 96.69.

  • Price to Earnings Growth Ratio

    Home Depot has a PEG Ratio of 2.83. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Home Depot has a P/B Ratio of 68.61. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Home Depot's valuation and earnings.
  • Percentage of Shares Shorted

    1.06% of the float of Home Depot has been sold short.
  • Short Interest Ratio / Days to Cover

    Home Depot has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Home Depot has recently decreased by 6.13%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Home Depot pays a meaningful dividend of 2.21%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Home Depot has been increasing its dividend for 15 years.

  • Dividend Coverage

    The dividend payout ratio of Home Depot is 61.14%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Home Depot will have a dividend payout ratio of 57.69% next year. This indicates that Home Depot will be able to sustain or increase its dividend.

  • Read more about Home Depot's dividend.
  • Percentage of Shares Shorted

    1.06% of the float of Home Depot has been sold short.
  • Short Interest Ratio / Days to Cover

    Home Depot has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Home Depot has recently decreased by 6.13%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Home Depot has a news sentiment score of 1.22. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.62 average news sentiment score of Retail/Wholesale companies.
  • News Coverage This Week

    MarketBeat has tracked 120 news articles for Home Depot this week, compared to 34 articles on an average week.
  • Search Interest

    108 people have searched for HD on MarketBeat in the last 30 days. This is an increase of 71% compared to the previous 30 days.
  • MarketBeat Follows

    95 people have added Home Depot to their MarketBeat watchlist in the last 30 days. This is an increase of 56% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Home Depot insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $15,584,327.00 in company stock.

  • Percentage Held by Insiders

    Only 0.10% of the stock of Home Depot is held by insiders.

  • Percentage Held by Institutions

    70.86% of the stock of Home Depot is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Home Depot's insider trading history.
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HD Stock Analysis - Frequently Asked Questions

Home Depot's stock was trading at $346.55 at the start of the year. Since then, HD stock has increased by 15.4% and is now trading at $399.98.
View the best growth stocks for 2024 here
.

The Home Depot, Inc. (NYSE:HD) issued its quarterly earnings results on Tuesday, November, 12th. The home improvement retailer reported $3.78 EPS for the quarter, beating analysts' consensus estimates of $3.64 by $0.14. The business's quarterly revenue was up 6.6% on a year-over-year basis.
Read the conference call transcript
.

Home Depot's board authorized a stock repurchase plan on Tuesday, August 15th 2023, which authorizes the company to buy back $15,000,000,000 in outstanding shares, according to EventVestor. This means that the company could repurchase up to 4.6% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's board believes its stock is undervalued.

Home Depot subsidiaries include Askuity, Compact Power Equipment, Interline Brands, HD Supply Distribution Services, blinds.com, BlackLocus, US Home Systems, and others.

Home Depot's top institutional shareholders include State Street Corp (4.54%), Geode Capital Management LLC (2.18%), Charles Schwab Investment Management Inc. (1.37%) and Fisher Asset Management LLC (0.95%). Insiders that own company stock include Edward P Decker, Timothy A Hourigan, Matt Carey, Teresa Wynn Roseborough, William D Bastek, Hector A Padilla, Ann Marie Campbell, Kimberly R Scardino, Fahim Siddiqui, Paula Santilli and Becker Caryn Seidman.
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Home Depot investors own include Salesforce (CRM), Chevron (CVX), NVIDIA (NVDA), Johnson & Johnson (JNJ), Meta Platforms (META), Coca-Cola (KO) and Bank of America (BAC).

Company Calendar

Ex-Dividend for 9/12 Dividend
8/29/2024
Dividend Payable
9/12/2024
Last Earnings
11/12/2024
Today
11/21/2024
Ex-Dividend for 12/12 Dividend
11/27/2024
Dividend Payable
12/12/2024
Fiscal Year End
1/31/2025
Next Earnings (Estimated)
2/18/2025

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
$426.00
High Stock Price Target
$466.00
Low Stock Price Target
$318.00
Potential Upside/Downside
+6.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.73
Research Coverage
30 Analysts

Profitability

Net Income
$15.14 billion
Pretax Margin
12.42%

Debt

Sales & Book Value

Annual Sales
$152.67 billion
Cash Flow
$18.18 per share
Book Value
$1.05 per share

Miscellaneous

Free Float
992,300,000
Market Cap
$397.30 billion
Optionable
Optionable
Beta
1.01

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This page (NYSE:HD) was last updated on 11/21/2024 by MarketBeat.com Staff
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