Is the Home Depot a good stock to buy now?
In addition, The Home Depot, Inc. has a VGM Score of B (this is a weighted average of the individual Style Scores which allow you to focus on the stocks that best fit your personal trading style). Valuation metrics show that The Home Depot, Inc. may be fairly valued.
Is Home Depot a good proxy for the US housing market?
Home Depot ( HD) is one of the biggest companies in the U.S. with a market cap of around $387 billion. The Atlanta-based home-improvement retailer is often viewed as a proxy for the U.S. housing market.
Is HD stock a Buy Right Now?
With the stock out of buy range, the stock is no longer a buy right now. Wait for a new base to form, which would offer a new entry. HD stock rose 0.2% Tuesday.
Is Home Depot (HD) in the worst industry with the worst Zacks?
The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. Zacks' proprietary data indicates that The Home Depot, Inc. is currently rated as a Zacks Rank 3 and we are expecting an inline return from the HD shares relative to the market in the next few months.
Is Home Depot a buy or hold?
Home Depot has received a consensus rating of Moderate Buy. The company's average rating score is 2.84, and is based on 16 buy ratings, 3 hold ratings, and no sell ratings.
What are the predictions for Home Depot stock?
The 29 analysts offering 12-month price forecasts for Home Depot Inc have a median target of 356.00, with a high estimate of 470.00 and a low estimate of 300.00. The median estimate represents a +16.71% increase from the last price of 305.04.
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.
Is Home Depot financially stable?
Home Depot's 'A'/Stable rating reflects its scale, with over $150 billion in 2021 revenue, leading position in the U.S. home improvement retail space, and cash flow generation, coupled with its solid track record of topline growth and margin expansion.
Is Home Depot a good buy right now?
A tremendous stock such as Home Depot deserves to be trading at a moderate premium to the market, in my opinion. The stock's trailing 12-month dividend yield of 2.2% is also slightly higher than the 13-year median of 2% -- another indication that the stock is a buy for dividend growth investors.
Will Home Depot stock go up 2022?
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.
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 2027-06-16 is 529.381 USD. With a 5-year investment, the revenue is expected to be around +96.81%. Your current $100 investment may be up to $196.81 in 2027. Get It Now!
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.
Will Home Depot keep growing?
Home improvement retailers like Home Depot will thrive even if the housing market has peaked. Home improvement stores were big beneficiaries of the white-hot housing market throughout the pandemic, but fears that it could cool have weighed on the sector this year.
Why is Home Depot going down?
0:121:50Why Home Depot (HD) Stock DROPPED Today - YouTubeYouTubeStart of suggested clipEnd of suggested clipHome depot will be comparing results to pandemic highs but stimulus checks have stopped coming andMoreHome depot will be comparing results to pandemic highs but stimulus checks have stopped coming and the company is facing headwinds from rising commodity.
Is Costco stock a buy?
In a recent report, the analyst highlighted Costco's strong management team and good track record of shareholder returns. Parikh rated the stock a buy with a price target of $645. In terms of shareholder returns, Costco has a long history of dividend payments.
Is Lowes a good stock to buy?
LOW Stock Key Metrics Lowe's posted comps sales growth of 26.1% in 2020 as it benefited from consumers spending more on home improvement products. Home price appreciation and stimulus checks also benefited the company. The strong demand continued in 2021, and the comps sales increased by 6.9%.
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.
Factors Aiding Growth
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.
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.
NYSE: HD
We have highlighted three other top-ranked stocks in the Retail - Wholesale sector, namely Tecnoglass TGLS, Lowe's Companies LOW and Fastenal FAST.
The home improvement retailer is firing on all cylinders from a fundamental standpoint
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1. Home Depot torched third-quarter analyst estimates
Year to date, Home Depot 's ( HD 1.09% ) stock has soared roughly 51% as a result of its marvelous business performance. This has absolutely trounced the S&P 500 's 24.4% appreciation year to date, which raises the following question: Is Home Depot's stock still a buy?
NYSE: HD
Home Depot managed to easily beat analysts' expectations of revenue and diluted earnings per share (EPS) in the third quarter ended Oct. 31.
2. The balance sheet is a fortress
The retailer reported $36.82 billion in sales during the quarter, representing a 9.8% increase compared to the year-ago period. This exceeded the average analyst forecast of $34.87 billion by 5.6%. How was Home Depot able to surpass the consensus revenue projection?
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.
Home Depot Stock Fundamental Analysis
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.
Is HD Stock A Buy Right Now?
Home Depot operates more than 2,200 Home Depot stores across the U.S., Canada and Mexico. Its stellar history began with two store openings in 1979. Its fundamental story of offering a "huge variety of merchandise at great prices with highly-trained staff" sparked a tremendous stock move in the 1980s and into the early 1990s.
Home Depot is protecting its turf
During the coronavirus stock market crash, Home Depot stock traded as much as 43% off its 52-week high. But amid the current uptrend, shares of the retailer are extended past a cup with handle's 338.65 buy point, according to IBD MarketSmith chart analysis. With the stock out of buy range, the stock is no longer a buy right now.
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.
Signals & Forecast
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.
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!
How many stores does Home Depot have?
featured in The Global Fintech Index 2020 as the top Fintech company of the country.
What is an X industry?
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 ...
Does Zackstrade endorse or recommend investment strategies?
The X Industry (aka Expanded Industry) is a subset of the M (Medium Sized) Industry, which is a subset of the larger Sector category, which is used to classify all of the stocks in the Zacks Universe. The Zacks database contains over 10,000 stocks.