Home Depot (HD) Stock Forecast, Price & News

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Home Depot in the last year. There are currently 12 hold ratings and 13 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.

25 brokerages have issued 12-month target prices for Home Depot's shares. Their HD share price forecasts range from $286.00 to $375.00. On average, they anticipate the company's share price to reach $325.66 in the next year. This suggests that the stock has a possible downside of 1.6%.
View analysts price targets for HD or view top-rated stocks among Wall Street analysts.

Home Depot's stock was trading at $315.86 at the beginning of 2023. Since then, HD shares have increased by 4.8% and is now trading at $331.11.
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Home Depot saw a decrease in short interest in July. As of July 31st, there was short interest totaling 8,850,000 shares, a decrease of 7.5% from the July 15th total of 9,570,000 shares. Based on an average daily volume of 4,150,000 shares, the short-interest ratio is currently 2.1 days. Approximately 0.9% of the company's shares are short sold.
View Home Depot's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 15th 2023.
View our HD earnings forecast.

Home Depot will be holding an earnings conference call on Tuesday, August 15th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

The Home Depot, Inc. (NYSE:HD) announced its quarterly earnings results on Tuesday, May, 16th. The home improvement retailer reported $3.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.80 by $0.02. The home improvement retailer had revenue of $37.26 billion for the quarter, compared to analyst estimates of $38.35 billion. Home Depot had a net margin of 10.75% and a trailing twelve-month return on equity of 1,936.63%. Home Depot's quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.09 earnings per share.
Read the conference call transcript.

Home Depot declared a quarterly dividend on Thursday, May 18th. Stockholders of record on Thursday, June 1st will be paid a dividend of $2.09 per share on Thursday, June 15th. This represents a $8.36 annualized dividend and a yield of 2.52%. The ex-dividend date is Wednesday, May 31st.
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 (NYSE:HD) pays an annual dividend of $8.36 per share and currently has a dividend yield of 2.52%. 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 50.94%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HD will have a dividend payout ratio of 52.22% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HD.

Home Depot announced that its board has initiated a share buyback program on Thursday, August 18th 2022, which authorizes the company to buyback $15,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 4.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its stock is undervalued.

Home Depot issued an update on its FY 2023 earnings guidance on Friday, May, 26th. The company provided earnings per share guidance of $14.52-$15.52 for the period, compared to the consensus estimate of $15.74. The company issued revenue guidance of $149.53 billion-$154.25 billion, compared to the consensus revenue estimate of $156.34 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "HD."

Home Depot's stock is owned by many different institutional and retail investors. Top institutional investors include Bank Julius Baer & Co. Ltd Zurich (86.57%), BlackRock Inc. (7.10%), Capital World Investors (3.89%), Geode Capital Management LLC (1.93%), Charles Schwab Investment Management Inc. (1.30%) and Capital Research Global Investors (1.28%). 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, Matt Carey, Paula Santilli, Richard V Mcphail, Teresa Wynn Roseborough and William G Lennie.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of HD stock can currently be purchased for approximately $331.11.

Home Depot (NYSE:HD) has a market capitalization of $332.89 billion and generates $157.40 billion in revenue each year. The home improvement retailer earns $17.11 billion in net income (profit) each year or $16.41 on an earnings per share basis.

The company employs 518,100 workers across the globe.

Home Depot's mailing address is 2455 PACES FERRY ROAD, ATLANTA GA, 30339. The official website for the company is www.homedepot.com. The home improvement retailer can be reached via phone at (770) 433-8211, via email at investor_relations@homedepot.com, or via fax at 770-431-2707.