Is Home Depot stock a Buy Right Now?
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Where can one Buy Home Depot stock?
Home-improvement giant Home Depot (NYSE:HD ... survey gave an “outperform” rating to HD stock, they don’t see major appreciation in its price during the next 12 months. Goldman Sachs, which is one of the most bullish banks on HD, said in a recent ...
How do you Buy Home Depot stock?
- Get a free copy of the StockNews.com research report on Home Depot (HD)
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Is Home Depot stock a good investment?
Home Depot Inc's (NYSE:HD) short percent of float has risen 21.35% since last its last report. The company recently reported that it has 11.22 million shares sold short, which is 1.08% of all regular shares that are available for trading. Based on its ...
Is it worth buying Home Depot stock?
Although value investors would argue that it's the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. With profit expected to grow by a double-digit 10% over the next couple of years, the outlook is positive for Home Depot.
Will Home Depot stock go up?
For full-year 2022, Home Depot now anticipates full-year sales and comps growth of 3% each, with earnings per share growing by mid-single-digit percentages. Earlier in February, the company predicted flat to slightly positive comps for 2022.
Is Home Depot stock overvalued?
With a price-earnings ratio of 19.44, the stock may seem overvalued to some, but its PEG ratio of 0.65 suggests that Home Depot's market price is 1.54 times undervalued relative to its earnings per share growth.
Why is Home Depot worth so much?
It's worth noting that Home Depot's stock price started increasing long before stimulus checks reached consumers. Much of the value accumulated between 2011 and 2019 likely comes from the company's ability to expand into other areas, meet consumer expectations, keep overhead relatively low, and earn strong profits.
What will Home Depot stock be in 5 years?
Based on our forecasts, a long-term increase is expected, the "HD" stock price prognosis for 2027-06-25 is 535.375 USD. With a 5-year investment, the revenue is expected to be around +91.84%. Your current $100 investment may be up to $191.84 in 2027. Get It Now!
What's the forecast for Home Depot stock?
Stock Price Forecast The 30 analysts offering 12-month price forecasts for Home Depot Inc have a median target of 349.00, with a high estimate of 470.00 and a low estimate of 285.00. The median estimate represents a +27.05% increase from the last price of 274.70.
Should I buy Lowes or Home Depot?
Lowe's has a higher average earnings surprise, lower P/E ratio, higher VGM Score, higher forecasted EPS growth over the next three to five years, and most importantly has a higher Zacks Rank #2 (Buy) than Home Depot.
Who is doing better Lowe's or Home Depot?
However, Home Depot is superior to Lowe's with margins on a 10-year basis. Its gross, net and operating margins were all higher than Lowe's which we believe provides it with an advantage over Lowe's....Profitability.ProfitabilityHome DepotLowe'sNet Margins (10-year average)8.65%5.2%2 more rows•Apr 14, 2022
Is Home Depot or Lowes more profitable?
In 2021, Home Depot's annual sales amounted to over 151 billion U.S. dollars, whereas its main competitor, Lowe's, reached more than 96 billion U.S. dollars of sales.
What is Home Depot 2021 worth?
$70.5 billionA household name among craftspeople, builders and do-it-yourselfers, The Home Depot often beats its main competitor, Lowe's, in terms of value. In 2021, Visual Capitalist listed both companies among the world's most valuable brands, with The Home Depot brand valued at $70.5 billion and Lowe's valued at $20.7 billion.
How is Home Depot so profitable?
The company already has to pay rent, salaries, and other fixed costs to operate on a daily basis, so when a customer walks through the door, having a sizable chunk of business come from higher-spending pros is an immediate boon for Home Depot's retail metrics.
Is Lowes cheaper or Home Depot?
It was close, especially on the question of which is cheaper, Lowe's or Home Depot. But in the end, customer service as well as the overall shopping experience made Lowe's the best place to shop for your home improvement projects.
Factors Aiding Growth
Wrapping Up
We are optimistic regarding Home Depot’s execution of the “One Home Depot” investment plan, which focuses on expanding supply-chain facilities, technology investments and enhancement to the digital experience.
1. Home Depot torched third-quarter analyst estimates
Although the company is witnessing favorable demand conditions, rising expenses stemming from increased penetration of lumber products and transportation costs have been a concern for the company. It reported a soft gross margin in the fiscal third quarter as a result of higher cost of goods sold.
2. The balance sheet is a fortress
Home Depot managed to easily beat analysts' expectations of revenue and diluted earnings per share (EPS) in the third quarter ended Oct. 31.
3. A safe and market-beating dividend
Home Depot's operating results were once again spectacular in the third quarter. But an equally impressive reason to buy the stock is its strong financial positioning.
Home Depot's stock has run up too far, too fast
The third reason to consider buying Home Depot is that the stock offers income investors a sustainable 1.6% dividend yield, which is moderately higher than the S&P 500's 1.3% yield.
The Motley Fool
Home Depot's operating momentum and impeccable balance sheet haven't gone unnoticed by Mr. Market, however. That explains why the stock has outperformed the broader market by such a wide margin.
Factors Aiding Growth
Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community.
Wrapping Up
We are optimistic regarding Home Depot’s execution of the “One Home Depot” investment plan, which focuses on expanding supply-chain facilities, technology investments and enhancement to the digital experience.
Other Stocks to Bet On
Although the company is witnessing favorable demand conditions, rising expenses stemming from increased penetration of lumber products and transportation costs have been a concern for the company. It reported a soft gross margin in the fiscal third quarter as a result of higher cost of goods sold.
Factors Aiding Growth
We have highlighted three other top-ranked stocks in the Retail - Wholesale sector, namely Tecnoglass TGLS, Lowe's Companies LOW and Fastenal FAST.
Wrapping Up
We are optimistic regarding Home Depot’s execution of the “One Home Depot” investment plan, which focuses on expanding supply-chain facilities, technology investments and enhancement to the digital experience.
Other Stocks to Bet On
Although the company is witnessing favorable demand conditions, rising expenses stemming from increased penetration of lumber products and transportation costs have been a concern for the company. It reported a soft gross margin in the fiscal third quarter as a result of higher cost of goods sold.
Signals & Forecast
We have highlighted three other top-ranked stocks in the Retail - Wholesale sector, namely Tecnoglass TGLS, Lowe's Companies LOW and Fastenal FAST.
Support, Risk & Stop-loss
There are few to no technical positive signals at the moment. The Home Depot Inc (The) stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average.
Is Home Depot Inc (The) stock A Buy?
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
Insiders are very negative
Home Depot Inc (The) holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
About Home Depot Inc (The)
In the last 1 trades there were . The last trade was done 19 047 days ago by who bough 0 shares.
Golden Star Signal
The Home Depot, Inc. operates as a home improvement retailer.
Top Fintech Company
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star. This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!
Home Depot is protecting its turf
featured in The Global Fintech Index 2020 as the top Fintech company of the country.
Home Depot's stock isn't expensive
The pandemic has changed many people's lives. One of those changes is the increased reliance on remote work, and it is a trend that could very well stick around longer than the pandemic itself. More remote work has made owning a home you don't mind working in more desirable. That increased demand has boosted home prices.
Why is Home Depot stock insulated?
Home Depot is really good at what it does. The company has been averaging an operating profit margin of 13.6% in the last decade, and the company continues to work at improving that margin. Home-improvement rival Lowe's ( NYSE:LOW) averages 8.5% in the same metric.
Why do people shop at Home Depot?
In retrospect, the late 1990s to early 2000s was the peak of American shopping malls’ cultural influence. Since then, brick-and-mortar retailers had to contend with the threat of e-commerce.
Does a recession hurt Home Depot?
The biggest reason why is that most people who shop at Home Depot do so for renovations or repairs. Neither is an exact science, which essentially insulates the HD stock price from Amazon’s encroachment.
Does Home Depot stock have a secular business?
Moreover, HD stock benefits from consistent, secular demand. Yes, a recession will hurt Home Depot like it would any other company.
Is Home Depot stock a good investment?
And while Home Depot stock does have a secular, insular business, it too suffers from supply chain cost increases.
How many stores does Home Depot have?
Put another way, Home Depot stock is usually a safe, reliable investment, but it is a tad on the boring side. However, shares have been doing something recently that they don’t usually: being interesting.
Does Zackstrade endorse or recommend investment strategies?
Based on net sales, The Home Depot Inc. is the world’s largest home improvement specialty retailer with 2,291 retail stores across the globe as of the end of fiscal 2019. It offers a diverse range of branded and proprietary home improvement items, building materials, lawn and garden products, décor products and related services.#N#With the help of its stores, the company operates throughout the United States (including Puerto Rico and the territories of the Virgin Islands and Guam), Canada and Mexico and employs more than 300,000 associates. The company’s average store ...
