Is Home Depot good to invest in right now?
Home Depot's analyst rating consensus is a Moderate Buy. This is based on the ratings of 27 Wall Streets Analysts.
Is Home Depot a good stock to buy now?
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.
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%.
Does Home Depot have a future?
Thanks to its stellar lineup of products and services tailored for every project, Home Depot and its market seem ripe for delivering more. Statista research predicts the U.S. home improvement scene will balloon to a jaw-dropping $621 billion by 2025, jumping from $457 billion in 2020.
How is Home Depot doing financially?
Earnings per share: $2.82 vs. $2.77 expected. Revenue: $34.79 billion vs. $34.64 billion expected.
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 stable stock?
Home Depot is a giant that has outpaced the broader markets by a wide margin in the last two decades. HD stock still remains a top investment choice due to its wide economic moat, growing dividends, and steady earnings.
Is Home Depot a long term stock?
Home Depot (NYSE: HD) has historically been a wildly successful investment. Shares have produced a total return, including dividends, of 6,680% in the last 30 years.
Who owns the most 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 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%.
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 are the plans for Home Depot in 2024?
The Home Depot Expands Pro Ecosystem With Four New Distribution Centers Designed to Bring Convenience and Reliability to Pro Customers. ATLANTA, March 14, 2024 – The Home Depot is opening four new distribution centers, expanding its pro ecosystem to Detroit, southern Los Angeles, San Antonio and Toronto in 2024.
How much debt is Home Depot in?
Total debt on the balance sheet as of January 2024 : $52.24 B. According to Home Depot's latest financial reports the company's total debt is $52.24 B. A company's total debt is the sum of all current and non-current debts.
Is Home Depot a strong company?
Home Depot (NYSE: HD) 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.
How profitable is Home Depot?
Net earnings for the first quarter of fiscal 2023 were $3.9 billion, or $3.82 per diluted share, compared with net earnings of $4.2 billion, or $4.09 per diluted share, in the same period of fiscal 2022.
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.
Who is more successful Lowes or Home Depot?
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.
Should I buy Lowe's stock right now?
Lowe's Companies's analyst rating consensus is a Moderate Buy. This is based on the ratings of 25 Wall Streets Analysts.
Is Home Depot a good dividend stock?
Dividend Yield vs Market
Notable Dividend: HD's dividend (2.7%) is higher than the bottom 25% of dividend payers in the US market (1.59%). High Dividend: HD's dividend (2.7%) is low compared to the top 25% of dividend payers in the US market (4.88%).
What are the most stable stocks to buy?
| Stock | Sector | Trailing 12-month dividend yield* |
|---|---|---|
| Stanley Black & Decker Inc. (SWK) | Industrials | 3.5% |
| Atmos Energy Corp. (ATO) | Utilities | 2.7% |
| T. Rowe Price Group Inc. (TROW) | Financials | 4.3% |
| Chevron Corp. (CVX) | Energy | 3.9% |
Is Home Depot a cyclical stock?
Home Depot: Home Depot, a home improvement retailer, is another example of a cyclical stock.
What is the 10 year return on Home Depot stock?
Ten Year Stock Price Total Return for Home Depot is calculated as follows: Last Close Price [ 362.05 ] / Adj Prior Close Price [ 61.20 ] (-) 1 (=) Total Return [ 491.6% ] Prior price dividend adjustment factor is 0.79.
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 |
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.
