The Home Depot is the world’s largest home improvement specialty retailer. At the end of the third quarter of fiscal year 2023, the Company operated a total of 2,333 retail stores in all 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. The Company employs approximately 470,000 associates. The Home Depot’s stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor’s 500 index.
Argus Research analyst Chris Graja maintains Home Depot (NYSE:HD) with a Buy and lowers the price target from $400 to $350.
Argus Research lowers Home Depot (NYSE:HD) price target from $400 to $350 Read Post »
Citigroup analyst Steven Zaccone maintains Home Depot (NYSE:HD) with a Buy and raises the price target from $327 to $375.
Citigroup raises Home Depot (NYSE:HD) price target from $327 to $375 Read Post »
Oppenheimer analyst Timothy Horan maintains Home Depot (NYSE:HD) with a Outperform and lowers the price target from $400 to $360.
Oppenheimer lowered Home Depot (NYSE:HD) price target from $400 to $360 Read Post »
Wedbush Lowers Home Depot (NYSE:HD) Price Target to $290 From $300 After Lower-Than-Expected Q1 Revenue, Keeps Neutral Rating
Wedbush Lowers Home Depot (NYSE:HD) Price Target to $290 From $300 Read Post »
Baird analyst Peter Benedict maintains Home Depot (NYSE:HD) with a Outperform and lowers the price target from $340 to $320.
Baird lowered Home Depot (NYSE:HD) price target from $340 to $320 Read Post »
Morgan Stanley analyst Simeon Gutman lowered his price target on Home Depot (NYSE:HD) to $340 from $360 and maintained his overweight rating on the stock. Based on the assumptions mentioned on the fourth-quarter call, same-store sales fell 5 percent and EBIT margin was 14 percent, which would reduce fiscal 2023 earnings per share by about 12.5 percent year-over-year to $14.6, about 13 percent below consensus expectations, the analyst said. While Home Depot’s shares were lower with the downward revision of its FY2023 EPS forecast, the analyst added that the guidance did not address the market’s biggest near-term concern, namely a slowdown in the top line for a traditionally cyclical category; So even with a lower than Wall Street consensus expectations, the stock remains at risk.
Evercore ISI analyst Greg Melich removed Home Depot (NYSE:HD) from the “tactical underperform” list. The analyst said the stock fell about 7% after the results, with a guidance range of $280-300, in line with the support seen when the bank launched the bullish. The analyst has an Outperform rating on Home Depot stock with a $340 price target.
Evercore ISI: Home Depot (NYSE:HD) Outperform Rating with a $340 price target Read Post »
Truist Securities Lowers Home Depot (NYSE:HD) Price Target to $352 From $382, Maintains Buy Rating Truist lowered its price target on Home Depot (NYSE:HD) to $352 from $382, but maintained its buy rating on the stock. The analyst told investors in a research note that Home Depot’s fourth-quarter sales trend remained solid and the Pro business continued to drive growth; But its outlook was slightly lower than expected, mainly due to increased investment in wages. The analyst added that Home Depot’s sales growth in fiscal 2023 will be broadly flat as fundamentals remain stable in a difficult environment, and he remains bullish on the stock given the overall resilience of the home improvement business.
Truist Securities Lowers Home Depot (NYSE:HD) Price Target to $352 From $382 Read Post »
The Home Depot(NYSE:HD): Home Depot, a U.S. home and building materials retailer, said Feb. 21 that it will spend an additional $1 billion to raise the wages of its hourly workers. Home Depot did not disclose the average salary of employees after the raise, but said the starting salary was at least $15 an hour. The hourly wage increase, which went into effect Feb. 6, will raise wages for all hourly workers in the U.S. and Canada.
Feb. 21, 2023 — The Home Depot, the world’s largest home improvement retailer, today reported fourth quarter and fiscal 2022 results. Revenue for the fourth quarter of 2022 was $35.83 billion, up 0.3% year-over-year, slightly below expectations of $35.97 billion, earnings per share were $3.3, higher than expectations of $3.28, and net income was $3.36 billion, up 0.3% year-over-year. The Company today announced that its board of directors approved a 10 percent increase in its quarterly dividend to $2.09 per share, which equates to an annual dividend of $8.36 per share. Fourth Quarter 2022 Sales for the fourth quarter of fiscal 2022 were $35.8 billion, an increase of $112 million, or 0.3 percent from the fourth quarter of fiscal 2021. Comparable sales for the fourth quarter of fiscal 2022 decreased 0.3 percent, and comparable sales in the U.S. decreased 0.3 percent. Net earnings for the fourth quarter of fiscal 2022
The Home Depot(NYSE:HD)Revenue for the fourth quarter of 2022 was $35.83 billion, up 0.3% year-over-year, slightly below expectations of $35.97 billion, earnings per share were $3.3, higher than expectations of $3.28, and net income was $3.36 billion, up 0.3% year-over-year.