In today’s recent session, 1.05 million shares of the Home Depot, Inc. (NYSE:HD) have been traded, and its beta is 1.01. Most recently the company’s share price was $412.18, and it changed around -$2.0 or -0.48% from the last close, which brings the market valuation of the company to $409.41B. HD at last check was trading at a discount to its 52-week high of $415.29, offering almost -0.75% off that amount. The share price’s 52-week low was $274.26, which indicates that the recent value has risen by an impressive 33.46% since then. We note from Home Depot, Inc.’s average daily trading volume that its 10-day average is 3.27 million shares, with the 3-month average coming to 3.29 million.
Home Depot, Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 33 analysts rate the stock as a Sell; another 12 rate it as Overweight. Among the rest, 9 recommended HD as a Hold, whereas 12 deemed it a Buy, and 0 rated it as Underweight. Home Depot, Inc. is expected to report earnings per share of 3.61 for the current quarter.
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Home Depot, Inc. (NYSE:HD) trade information
Instantly HD has been showing red trend so far today with a performance of -0.48% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 420.03 on recent trading dayincreased the stock’s daily price by 1.87%. The company’s shares are currently up 18.94% year-to-date, but still up 0.22% over the last five days. On the other hand, Home Depot, Inc. (NYSE:HD) is 11.14% up in the 30-day period. We can see from the shorts that 10.17 million shares have been sold at a short interest cover period of 3.12 day(s).
The consensus price target as assigned by Wall Street analysts is $379, which translates to bulls needing to decrease their stock price by -8.75% from its current value. Analyst projections state that HD is forecast to be at a low of $210 and a high of $455.
Home Depot, Inc. (HD) estimates and forecasts
Home Depot, Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 17.58 percent over the past six months and at a -0.73% annual growth rate that is well above the industry average of -9.20%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -5.20% in revenue this quarter, and will report an increase of 5.70% in the next quarter. The year-over-year growth rate is expected to be 3.00%, up from the previous year.
Consensus estimates provided by 27 financial analysts predict the company will bring in an average of 39.11B in revenue for the current quarter. 27 analysts expect Home Depot, Inc. to make 38.56B in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at 10.80%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 9.21%. Home Depot, Inc. earnings are expected to increase by -1.08% in 2024, but the outlook is positive 3.87% per year for the next five years.
HD Dividends
Home Depot, Inc.’s next quarterly earnings report is expected to be released on 2024-Nov-12. The annual dividend yield of the stock is 2.14 percent and its annual dividend per share was 8.84. It is important to note, however, that the 2.14% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 2.31 per year.
Home Depot, Inc. (NYSE:HD)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.07% of Home Depot, Inc. shares, and 72.11% of them are in the hands of institutional investors. The stock currently has a share float of 72.16%. Home Depot, Inc. stock is held by 4438.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 9.5193% of the shares, which is about 94.15 million shares worth $32.41 billion.
BLACKROCK INC., with 7.1938% or 71.15 million shares worth $24.49 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
