Home Depot (HD) Stock Price, News & Analysis

28 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Home Depot in the last twelve months. There are currently 10 hold ratings and 18 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" HD shares.
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28 brokerages have issued 1 year price targets for Home Depot's stock. Their HD share price targets range from $292.00 to $415.00. On average, they predict the company's share price to reach $351.31 in the next twelve months. This suggests that the stock has a possible downside of 3.4%.
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Home Depot's stock was trading at $346.55 on January 1st, 2024. Since then, HD shares have increased by 5.0% and is now trading at $363.84.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 20th 2024.
View our HD earnings forecast.

Home Depot will be holding an earnings conference call on Tuesday, February 20th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

The Home Depot, Inc. (NYSE:HD) posted its earnings results on Tuesday, November, 14th. The home improvement retailer reported $3.81 earnings per share for the quarter, beating analysts' consensus estimates of $3.75 by $0.06. The home improvement retailer earned $37.71 billion during the quarter, compared to analysts' expectations of $37.59 billion. Home Depot had a net margin of 10.22% and a trailing twelve-month return on equity of 1,339.65%. Home Depot's revenue was down 3.0% on a year-over-year basis. During the same quarter last year, the firm posted $4.24 EPS.
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Home Depot declared a quarterly dividend on Thursday, November 16th. Shareholders of record on Thursday, November 30th will be given a dividend of $2.09 per share on Thursday, December 14th. This represents a $8.36 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend is Wednesday, November 29th.
Read our dividend analysis for HD.

Home Depot (NYSE:HD) pays an annual dividend of $8.36 per share and currently has a dividend yield of 2.35%. The company has been increasing its dividend for 14 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 53.66%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HD will have a dividend payout ratio of 53.35% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HD.

ETFs with the largest weight of Home Depot (NYSE:HD) stock in their portfolio include iShares U.S. Consumer Focused ETF (IEDI), VanEck Retail ETF (RTH), Fidelity MSCI Consumer Discretionary Index ETF (FDIS), Vanguard Consumer Discretionary ETF (VCR), Global X Dow 30 Covered Call ETF (DJIA), Nationwide Dow Jones Risk Managed Income ETF (NDJI), SPDR Dow Jones Industrial Average ETF Trust (DIA) and QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM).

Home Depot declared that its Board of Directors has approved a share repurchase plan on Tuesday, August 15th 2023, which allows the company to repurchase $15,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 4.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's management believes its stock is undervalued.

Home Depot updated its FY 2023 earnings guidance on Monday, December, 11th. The company provided EPS guidance of 14.850-15.190 for the period, compared to the consensus estimate of 15.140. The company issued revenue guidance of $151.1 billion-$152.7 billion, compared to the consensus revenue estimate of $152.8 billion.

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.

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).

Home Depot's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Charles Schwab Investment Management Inc. (1.33%), Fisher Asset Management LLC (0.88%), International Assets Investment Management LLC (0.56%), Jennison Associates LLC (0.44%), Dimensional Fund Advisors LP (0.42%) and California Public Employees Retirement System (0.34%). Insiders that own company stock include Ann Marie Campbell, Becker Caryn Seidman, Craig A Menear, 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.
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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.
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