Home Depot 42 Year Stock Price History HD

The company also teamed up with Walmart GoLocal to raise its same-day and next-day delivery operations for home improvement customers in the US. The Home Depot began offering delivery with Walmart GoLocal across select markets, and expanded across multiple markets across the country by end-2021. Additionally, Wall Street predicts mid-single-digit EPS growth in the coming year, driven by a recovering home improvement industry and Home Depot’s ongoing share buybacks (2.1% decrease in share count year-over-year in Q2). This reaffirms Home Depot’s potential for continued dividend growth.

Out of the most recent ratings, Morgan Stanley analyst Simeon Gutman rated the stock as ‘overweight’, lowering the stock price target from $420 to $380 on 23 February. In addition, Loop Capital’s Laura Champine also lowered the stock price target from $380 to $320. Analyst ratings compiled by MarketBeat shared different how to buy empire token price targets for The Home Depot stock. The consensus rating was ‘buy’ based on 24 analyst views as of 10 March. A major reason behind the stock’s strong upward momentum was the increase in overall sales, owing to high-priced items such as home appliances and vinyl plank flooring, along with installation services.

  • Revenues did decline, but the company successfully maintained a robust operating margin of 15.4%.
  • The company’s goal here is to provide a seamless experience between online and physical retail they call The One Home Depot strategy.
  • The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell).
  • With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business outlook.
  • The consensus among Wall Street analysts is that investors should “moderate buy” HD shares.

In fact, Menear said the company achieved a milestone of more than $150bn in sales, marking another record year for the company. As of 10 March, over the period of five years HD stock price surged 116%, in comparison to an 80.3% surge in the S&P 500 index during the same period. In particular, the stock price marked a strong uptick from March 2020, around the time when the pandemic tightened its grip around the world. Home Depot’s management expects that EPS is set to decline by a rate between 7% and 13% compared to Fiscal 2022. Assuming a decline of 10% (the midpoint of this range), EPS should land close to $15.

Home Depot Stock Forecast FAQ

Home Depot, like many retailers, experienced a surge in sales during the COVID-19 pandemic as consumers turned to home improvement projects while spending more time at home. However, as the world entered the post-pandemic era, the company’s growth began to freeze due to two key factors. Prior to today’s trading, shares of the home-improvement retailer had lost 8.15% over the past month. This has lagged the Retail-Wholesale sector’s loss of 3.11% and the S&P 500’s loss of 2.86% in that time. Home Depot issued an update on its FY 2023 earnings guidance on Tuesday, August, 15th. The company provided EPS guidance of $14.52-$15.52 for the period, compared to the consensus estimate of $14.96.

  • One share of HD stock can currently be purchased for approximately $302.16.
  • This move reflects management’s confidence in the sustainability of dividend payments and the company’s future earnings growth.
  • The Home Depot stock forecasts are adjusted once a day based on the closing price of the previous trading day.
  • Notably, this was the second consecutive quarter of declining sales for the company.
  • Overall, while the current 2.7% yield may seem modest, combined with Home Depot’s consistent dividend increases, it’s poised to contribute significantly to the stock’s long-term returns.

Home Depot has generated $16.01 earnings per share over the last year ($16.01 diluted earnings per share) and currently has a price-to-earnings ratio of 18.9. Earnings for Home Depot are expected to grow by 6.63% in the coming year, from $15.24 to $16.25 per share. Home Depot has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Tuesday, November 21st, 2023 based off prior year’s report dates. The information presented in this site is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. Nothing in our research constitutes legal, accounting or tax advice or individually tailored investment advice.

Despite the combination of a 10% dividend hike against an equally strong fall in earnings, Home Depot’s payout ratio would still stand at a healthy 56%. Evidently, Home Depot’s most recent Q2 results illustrated this theme. The company posted a revenue decline of 2% year-over-year to $42.9 billion. With Home Depot’s store count remaining relatively stable between the two periods (2,324 compared to 2,316 in Q2 2022), the company’s top-line decline directly reflected lower same-store sales, which also declined by 2%. This directly reflects the sluggish demand for home improvement products after two years of exceptional results boosted by the pandemic. Home Depot’s growth has frozen lately, and there is a very simple explanation as to why.

How high can The Home Depot stock go?

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $15.24 per share and revenue of $153.08 billion. These totals would mark changes of -8.69% and -1.39%, respectively, from last year. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes.

Forecast Chart,

The company’s goal here is to provide a seamless experience between online and physical retail they call The One Home Depot strategy. 1984 also brought the company’s first expansions outside its home territory of Georgia. By the end of the year, there were 19 Home Depots, and by 1989 it was indeed the largest home improvement retailer in the U.S.

This would allow us to look at the stock’s performance before the pandemic hit across three globe and the share price movement thereafter. The understanding would help us assert The Home Depot stock projection for 2022 and beyond. The first indication that Home Depot’s profitability remains quite strong is management’s latest dividend increase, which was in the double digits.

Home Depot NewsMORE

According to 25 stock analysts, the average 12-month stock price forecast for The Home Depot stock is $342.12, which predicts an increase of 13.22%. It uses the current share price and divides it by the total earnings per share for the last 12 months. Despite the recent dip in Home Depot’s profitability, it’s crucial to note that Home Depot’s dividend growth story remains strong. Revenues did decline, but the company successfully maintained a robust operating margin of 15.4%. Although this marks a slight decline from the previous year’s 16.5%, the bottom line wasn’t badly affected. Notably, HD’s Q2 EPS of $4.65 only recorded a modest 7.9% year-over-year decrease.

Despite the current modest yield, the stock’s consistent dividend hikes make it an attractive choice for investors seeking a healthy mix between income and growth. Looking ahead, the company’s fiscal year 2022 guidance anticipates sales growth and comparable sales growth to be slightly positive, while the operating margin is expected to be nearly in accordance with fiscal 2021. The firm’s net interest expense is expected to be approximately $1.5bn while the diluted earnings per share growth is expected in the low single digits. However, to acquire an extensive view and solid insight into The Home Depot’s stock performance, let us consider its movement over a period of five years and look at its historical stock price.

Forecast Earnings Growth

Wall Street will be looking for positivity from Home Depot as it approaches its next earnings report date. In that report, analysts expect Home Depot to post earnings of $3.81 per share. Our most recent consensus estimate is calling for quarterly revenue of $37.74 billion, down 2.92% from the year-ago period. The Home Depot’s net earnings day trading mistakes rose to $3.4bn in the fiscal fourth quarter from $2.9bn a year earlier. Net sales in the reported three-month period also surged to $35.7bn from $32.2bn from the year-ago period. American home improvement retailer, The Home Depot (HD), noted a surge of nearly 20% in its stock price over the period of a year as of 10 March.

The consensus among Wall Street analysts is that investors should “moderate buy” HD shares. We forecast The Home Depot stock performance using neural networks based on historical data on The Home Depot stocks. Also, when forecasting, diamond pattern trading technical analysis tools are used, world geopolitical and news factors are taken into account. The The Home Depot stock prediction results are shown below and presented as a graph, table and text information.