Home Depot, Inc. [HD] stock prices are down -0.98% to $375.27 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The HD shares have lost -0.34% over the last week, with a monthly amount glided 4.94%, and seem to be holding up well over a long-time horizon.
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On 14, March 2024, THE HOME DEPOT EXPANDS PRO ECOSYSTEM WITH FOUR NEW DISTRIBUTION CENTERS DESIGNED TO BRING CONVENIENCE AND RELIABILITY TO PRO CUSTOMERS. In a post published today on Yahoo Finance, The Home Depot is opening four new distribution centers, expanding its pro ecosystem to Detroit, southern Los Angeles, San Antonio and Toronto in 2024. The new facilities are a key component of The Home Depot’s strategy to better serve pro customers – whether they’re the pro customers that The Home Depot has traditionally served through the store, or pros working on larger, more complex projects.
From an analyst’s perspective:
Home Depot, Inc. [NYSE: HD] stock has seen the most recent analyst activity on February 21, 2024, when HSBC Securities downgraded its rating to a Reduce but kept the price target unchanged to $323 for it. Previously, Telsey Advisory Group reaffirmed its Market Perform rating on February 15, 2024, and elevated its price target to $335. On January 22, 2024, downgrade downgraded it’s rating to Perform. TD Cowen reiterated its Outperform rating and increased its price target to $415 on January 18, 2024. Piper Sandler upgraded its rating to a Overweight and raised its price target to $400 on January 16, 2024. Wedbush upgraded its rating to Outperform for this stock on January 10, 2024, but kept the price target unchanged to $380. In a note dated January 04, 2024, Barclays upgraded an Overweight rating on this stock and boosted its target price from $325 to $372.
The stock price of Home Depot, Inc. [HD] has been fluctuating between $274.26 and $385.10 over the past year. Currently, Wall Street analysts expect the stock to reach $351.27 within the next 12 months. Home Depot, Inc. [NYSE: HD] shares were valued at $375.27 at the most recent close of the market. An investor can expect a potential drop of -6.4% based on the average HD price forecast.
Analyzing the HD fundamentals
The Home Depot, Inc. [NYSE:HD] reported sales of 152.67B for trailing twelve months, representing a drop of -2.92%. Gross Profit Margin for this corporation currently stands at 0.33% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.2, Equity is 14.52 and Total Capital is 0.4. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 43.26.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 371.56 points at the first support level, and at 367.85 for the second support level. However, for the 1st resistance point, the stock is sitting at 379.59, and for the 2nd resistance point, it is at 383.91.
Home Depot, Inc. [HD] reported earnings per share of $2.82 for its fiscal quarter that ended on 1/30/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.77/share, meaning a difference of $0.05 and a surprise factor of 1.80%. By comparison, the stated earnings for the previous quarter ended on 10/30/2023 were $3.81 per share as compared to estimates of $3.76 per share, a difference of $0.05 representing a surprise of 1.30%.
Ratios To Look Out For
It’s worth pointing out that Home Depot, Inc. [NYSE:HD]’s Current Ratio is 1.35. In addition, the Quick Ratio stands at 0.40 and the Cash Ratio stands at 0.17. Considering the valuation of this stock, the price to sales ratio is 2.45, the price to book ratio is 356.58 and price to earnings (TTM) ratio is 24.85.
Transactions by insiders
Recent insider trading involved Decker Edward P., Chair, President and CEO, that happened on Feb 22 ’24 when 35987.0 shares were sold. Senior EVP, Campbell Ann Marie completed a deal on Feb 22 ’24 to sell 27574.0 shares. Meanwhile, EVP – Human Resources Hourigan Timothy A. sold 8996.0 shares on Feb 22 ’24.
