The Home Depot, Inc. operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows. In addition, it provides tool and equipment rental services. The company primarily serves homeowners; and professional renovators/remodelers, general contractors, maintenance professionals, handymen, property managers, and building service contractors, as well as specialty tradesmen, such as electricians, plumbers, and painters. It sells its products through websites, including homedepot.com; homedepot.ca and homedepot.com.mx; blinds.com, justblinds.com, and americanblinds.com for custom window coverings; thecompanystore.com, an online site for textiles and décor products; hdsupply.com for maintenance, repair, and operations (MRO) products and related services; and The Home Depot stores. The Home Depot, Inc. was incorporated in 1978 and is headquartered in Atlanta, Georgia.
The Dow retailer now expects 2024 sales to increase between 2.5% to 3.5%, up from its prior guidance of 1% growth. However, the company sees adjusted earnings per share falling 1% to 3%, from its previous outlook of a 1% decline. Home Depot now forecasts same-store sales decline 3% to 4% for the year.
Home Depot has a consensus rating of Strong Buy which is based on 16 buy ratings, 5 hold ratings and 0 sell ratings. The average price target for Home Depot is $385.65. This is based on 21 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The 25 analysts with 12-month price forecasts for The Home Depot stock have an average target of 381.36, with a low estimate of 315 and a high estimate of 425.
Based on short-term price targets offered by 28 analysts, the average price target for Home Depot comes to $386.54. The forecasts range from a low of $318.00 to a high of $426.00. The average price target represents an increase of 10.87% from the last closing price of $348.64.
According to the latest long-term forecast, Home Depot price will hit $450 by the end of 2026 and then $500 by the end of 2027. Home Depot will rise to $600 within the year of 2029, $700 in 2030, $800 in 2032 and $900 in 2035.
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 9.6% above the current share price. The Home Depot 52-week low stock price is 274.26, which is 24.3% below the current share price.
Home Depot stock has received a consensus rating of buy. The average rating score is A2 and is based on 73 buy ratings, 20 hold ratings, and 4 sell ratings.
In this more optimistic vision, we could see Home Depot's stock price moving beyond the $500 mark by 2030, marking an impressive gain of more than 35% from its current standing. In this scenario banks on Home Depot continue to dominate the market while having strong double-digit growth in earnings each year.
Intrinsic Value. The intrinsic value of one HD stock under the Base Case scenario is 251.68 USD. Compared to the current market price of 350.07 USD, Home Depot Inc is Overvalued by 28%.
As of 2024-08-17, the Fair Value of Home Depot Inc (HD) is 107.6 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 362.06 USD, the upside of Home Depot Inc is -70.3%.
Ten Year Stock Price Total Return for Home Depot is calculated as follows: Last Close Price [ 345.81 ] / Adj Prior Close Price [ 65.91 ] (-) 1 (=) Total Return [ 424.7% ] Prior price dividend adjustment factor is 0.79.
Home Depot stock (symbol: HD) underwent a total of 13 stock splits. The most recent stock split occurred on December 31st, 1999. One HD share bought prior to January 20th, 1982 would equal to 341.71875 HD shares today.
Ten Year Stock Price Total Return for Home Depot is calculated as follows: Last Close Price [ 355.66 ] / Adj Prior Close Price [ 66.36 ] (-) 1 (=) Total Return [ 435.9% ] Prior price dividend adjustment factor is 0.79.
It's easy to be optimistic about Home Depot's prospects five years from now. The company will return to revenue growth, which should support earnings gains. The valuation must also be considered. The stock trades at a price-to-earnings ratio of 23.5, slightly above the trailing-five-year average of 21.9.
Compared with many other retailers, Home Depot has a more financially stable customer base. About half of its sales come from home professionals and about half come from do-it-yourself customers. About 90% of those DIY customers own their own homes.
Introduction: My name is Tish Haag, I am a excited, delightful, curious, beautiful, agreeable, enchanting, fancy person who loves writing and wants to share my knowledge and understanding with you.
We notice you're using an ad blocker
Without advertising income, we can't keep making this site awesome for you.
