Is Home Depot a long term stock?
Home Depot (HD -0.04%) has historically been a wildly successful investment. Shares have produced a total return, including dividends, of 6,680% in the last 30 years. This gain crushes the broader S&P 500 index.
Is Home Depot a good long-term stock?
A strong buy for long-term returns
Confidence in the company remains high, and share prices could go higher still. Home Depot combines stability with growth potential and forward-looking smarts.
Will Home Depot stock continue to grow?
According to Wall Street consensus analyst estimates, Home Depot's revenue and earnings per share are slated to grow at compound annual rates of 2.9% and 6.4%, respectively, over the next three years.
What is the future of Home Depot?
THE CONTEXT
For 2024, Home Depot is expected to forecast roughly flat comparable sales, improving from an estimated 3.2% decline in 2023, according to LSEG data. Lowe's is likely to forecast a 1.1% drop, compared with a projected 4.8% fall last year.
Where will Home Depot stock be in 10 years?
Home Depot stock price stood at $335.36
According to the latest long-term forecast, Home Depot price will hit $350 by the end of 2024 and then $450 by the middle of 2025. Home Depot will rise to $500 within the year of 2026, $600 in 2027, $700 in 2028, $800 in 2030, $900 in 2032 and $1000 in 2035.
Is it worth it to buy Home Depot stock?
Home Depot has 15.83% upside potential, based on the analysts' average price target. Home Depot has a conensus rating of Moderate Buy which is based on 19 buy ratings, 6 hold ratings and 2 sell ratings. The average price target for Home Depot is $385.71.
Should I hold Home Depot stock?
Is Home Depot stock a Buy, Sell or Hold? Home Depot stock has received a consensus rating of buy. The average rating score is A2 and is based on 72 buy ratings, 23 hold ratings, and 3 sell ratings.
Who owns most of Home Depot stock?
Largest shareholders include Vanguard Group Inc, BlackRock Inc., State Street Corp, Capital World Investors, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, VFINX - Vanguard 500 Index Fund Investor Shares, Geode Capital Management, Llc, Morgan Stanley, Capital Research Global Investors, and Bank Of ...
What is the highest Home Depot stock has ever been?
- The all-time high Home Depot stock closing price was 395.20 on March 21, 2024.
- The Home Depot 52-week high stock price is 396.87, which is 18.3% above the current share price.
- The Home Depot 52-week low stock price is 274.26, which is 18.2% below the current share price.
What is the 5 year return on Home Depot stock?
| Period | Period Low | Performance |
|---|---|---|
| 2-Year | 264.51 +26.79% on 06/22/22 | +27.56 (+8.95%) since 04/19/22 |
| 3-Year | 264.51 +26.79% on 06/20/22 | +11.47 (+3.54%) since 04/19/21 |
| 5-Year | 140.63 +138.47% on 03/16/20 | +131.75 (+64.71%) since 04/22/19 |
| 10-Year | 75.32 +345.25% on 05/01/14 | +255.85 (+321.78%) since 04/01/14 |
Why is Home Depot stock so expensive?
Dealing with macro headwinds
Home Depot posted revenue gains of 19.9% and 14.4%, respectively, in fiscal 2020 and fiscal 2021. The surge in demand can be credited to low interest rates, a robust economic backdrop, and consumers who were flush with cash and ready to tackle larger renovation projects.
How is Home Depot doing financially?
Home Depot Inc. is projected to report an 18% drop in net income and a near 4% decline in revenue for its fiscal fourth quarter ended in January. The retailer's average sales per square foot are projected to drop by 4% as consumers move away from buying big-ticket items.
What is The Home Depot forecast for 2024?
Home Depot expects 2024 comparable sales to decline about 1%, while analysts estimate a 0.06% rise, LSEG data showed. The company's shares fell about 1%.
What stock will grow the most in 10 years?
- DaVita Inc. ( ticker: DVA)
- DraftKings Inc. ( DKNG)
- Extra Space Storage Inc. ( EXR)
- First Solar Inc. ( FSLR)
- Gen Digital Inc. ( GEN)
- Microsoft Corp. ( MSFT)
- Nvidia Corp. ( NVDA)
- SoFi Technologies Inc. ( SOFI)
How high will Home Depot stock go?
According to our current HD stock forecast, the value of Home Depot shares will rise by 0.56% and reach $ 337.29 per share by April 26, 2024.
Is Home Depot undervalued or overvalued?
With its 2-star rating, we believe Home Depot's stock is overvalued compared with our long-term fair value estimate. Given the maturity of the domestic home improvement industry, we expect demand to largely depend on changes in the real estate market, driven by prices, interest rates, turnover, and lending standards.
What stock is better Home Depot or Lowe's?
The Winner: Home Depot
While Home Depot stock is ever-so-slightly more expensive than Lowe's stock on a price-to-earnings basis, its stronger financial position and higher dividend yield make it the better choice to invest in right now.
Is Home Depot a profitable company?
Net earnings for fiscal 2023 were $15.1 billion, or $15.11 per diluted share, compared with net earnings of $17.1 billion, or $16.69 per diluted share in fiscal 2022. For fiscal 2023, diluted earnings per share decreased 9.5% versus last year.
Why is Home Depot stock dropping?
Shares of Home Depot (NYSE: HD) finished lower today as investors seemed to give a thumbs-down to its deal to buy SRS Distribution, a leading specialty-trade company that will help it expand its presence in the pro market. The stock closed down 4.1%.
Why is Home Depot a good company to invest in?
Home Depot posted revenue gains of 19.9% and 14.4%, respectively, in fiscal 2020 and fiscal 2021. The surge in demand can be credited to low interest rates, a robust economic backdrop, and consumers who were flush with cash and ready to tackle larger renovation projects.
Why is Home Depot tanking?
Demand for renovation projects has been soft, causing Home Depot's sales to decline. The industry backdrop favors Home Depot over the long term.
How many times does Home Depot stock split?
Home Depot stock (symbol: HD) underwent a total of 13 stock splits.
Who is bigger Home Depot or Lowes?
In 2023, Home Depot's annual sales amounted to over 152 billion U.S. dollars, whereas its main competitor, Lowe's, reached more than 86 billion U.S. dollars of sales.
How rich is the owner of Home Depot?
Two of these are the co-founders of Home Depot, Bernard Marcus, whose net worth rose from $4.6 billion to nearly $7.03 billion, and Arthur Blank, whose net worth rose from $4.6 billion to over $5.7 billion.
How much does the CEO of Home Depot make a year?
Home Depot's CEO is Ted Decker, appointed in Oct 2020, has a tenure of 3.5 years. total yearly compensation is $14.42M, comprised of 9.7% salary and 90.3% bonuses, including company stock and options. directly owns 0.012% of the company's shares, worth $38.73M.
