Monthly Stock Report: Home Depot, Inc. (HD)
Publication Date: September 22, 2024
Company Overview
Home Depot, Inc. (HD) is a leading home improvement retailer based in Atlanta, Georgia, and was founded in 1978. The company serves the Consumer Cyclical sector, specifically within the Home Improvement Retail industry, offering an extensive range of building materials, home improvement products, and lawn and garden items. Home Depot also provides installation services for flooring, windows, and HVAC systems, catering to both DIY homeowners and professional tradespeople. With operations spanning physical stores and online platforms, Home Depot has established a robust market presence, exemplified by a total revenue of approximately $152.09 billion.
Investment Outlook
The home improvement retail industry offers compelling investment opportunities, and analysts currently recommend a “buy” for Home Depot’s stock. The current stock price is $389.86, which is near its fifty-two week high of $396.87, indicating resilience and a positive trend. Analysts have set a high price target of $433.00, reflecting optimism about the company’s ability to leverage consumer demand. Additionally, the stock’s average recommendation score is 2.3, derived from 32 analyst opinions, further supporting a favorable investment outlook.
Notably, the total shares outstanding stand at 993,292,992, with a low short interest of 1.05%, suggesting investor confidence in Home Depot’s performance. The potential for further price appreciation can be assessed against a target mean price of $381.98, alongside a low target price of $290.00, outlining a positive sentiment within the market.
Price and Performance Analysis
Recent trading data illustrates Home Depot’s strength, with a current price of $389.86, exceeding its fifty-day moving average of $364.77. This performance indicates a solid bullish trend and showcases the stock’s ability to navigate market fluctuations effectively. From its fifty-two week low of $274.26, there is a calculation of a potential gain of approximately 42.1% to reach the peak performance, reaffirming the stock’s growth potential. As the market adapts, investors should remain vigilant of Home Depot’s ability to maintain its competitive edge and adapt to evolving consumer needs in the dynamic home improvement landscape.
| Metric | Value |
|---|---|
| Market Cap | $387.2b |
| Total Debt | $65.4b |
| Total Cash | $1.6b |
| Shares Outstanding | 993.3m |
| Float Shares | 991.5m |
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