Shares of the home-improvement retailer fell as it said it would cut hours at its stores. What happened Shares of Home Depot (HD 2.38%) were falling sharply today as stocks plunged over concerns about the coronavirus outbreak, and the company announced that it would temporarily cut store hours due to the COVID-19 situation.
Why I dumped my stock in Home Depot?
Aug 18, 2021 · Shares of Home Depot ( HD-3.30%) fell on Tuesday, following the release of the home improvement retailer's second-quarter results. As of 3:10 p.m. EDT, Home Depot's stock price was down more than 4%.
What is the market share of Home Depot?
Feb 24, 2021 · Home Depot ( HD -3.30% ) investors can't seem to catch a break. After losing more than 3% in Tuesday trading, shares of the home improvement superstore chain are down another 4.7% as of 11:55 a.m ...
How to buy Home Depot stock?
Feb 22, 2022 · In an interview, McPhail said transactions fell because stocks of certain goods such as electrical supplies aren’t enough to meet demand, which remains elevated. The company is working to rebuild...
How much is Home Depot stock?
Is Home Depot a buy sell or hold?
Home Depot has received a consensus rating of Buy. The company's average rating score is 2.83, and is based on 19 buy ratings, 4 hold ratings, and no sell ratings.
What causes stock to drop?
If more people want to buy a stock (demand) than sell it (supply), then the price moves up. Conversely, if more people wanted to sell a stock than buy it, there would be greater supply than demand, and the price would fall. Understanding supply and demand is easy.
When did Home Depot stock split?
Stock SplitsSplitRecord DatePrice2 for 106/01/1983543 for 209/08/198735 7/83 for 206/14/1989393 for 206/14/199057 7/89 more rows
What was Home Depot original stock price?
$12 per shareThe Initial Public Offering of Home Depot Common Stock was on September 22, 1981. The price at that time was $12 per share.
Do you owe money if stock goes down?
The price of a stock can fall to zero, but you would never lose more than you invested. Although losing your entire investment is painful, your obligation ends there. You will not owe money if a stock declines in value.Mar 8, 2022
What causes spikes in stocks?
The reason for the higher share price is an increase in the number of people looking to buy this stock. This difference between the supply and demand of a stock causes the share price to rise until an equilibrium is reached. Remember that in this case, more people are looking to buy shares than sell them.
Is Home Depot splitting their stock?
There was no split in recent years. The company's shares are trading higher than they traded when management decided to split them in the past.Aug 25, 2021
Will Home Depot raise its dividend?
The board of The Home Depot, Inc. (NYSE:HD) has announced that it will be increasing its dividend on the 24th of March to US$1.90. This takes the annual payment to 2.2% of the current stock price, which is about average for the industry.Feb 25, 2022
How high will Home Depot stock go?
Stock Price Forecast The 29 analysts offering 12-month price forecasts for Home Depot Inc have a median target of 380.00, with a high estimate of 470.00 and a low estimate of 314.00. The median estimate represents a +24.58% increase from the last price of 305.03.
How many millionaires has Home Depot made?
When Ken Langone co-founded Home Depot in 1978, he not only helped create what would become the world's largest home improvement retailer, but he also changed the lives of thousands of employees.Nov 6, 2018
What was the price of Home Depot stock in 1990?
Home Depot's stock splitsSplitRecord DatePrice3 for 206/14/1990$57 7/83 for 206/05/1991$65 3/43 for 206/11/1992$68 3/44 for 303/24/1993$59 1/29 more rows•Dec 13, 2019
Who is Home Depot competitors?
The Home Depot competitors include Hajoca Corporation, Ace Hardware, HHGregg, Walmart and Huttig Building Products.
And why that could be a mistake
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
What happened
Home Depot ( NYSE:HD) investors can't seem to catch a break. After losing more than 3% in Tuesday trading, shares of the home improvement superstore chain are down another 4.7% as of 11:55 a.m. EST Wednesday. It's the fourth day in a row the stock is down.
So what
Why are Home Depot shares sinking? Didn't fiscal fourth-quarter sales (reported yesterday) surge 25% year over year, with a 24% gain in same-store sales, beating analyst estimates for both sales and earnings? Didn't the company also raise its dividend by 10%?
Now what
Home Depot did concede that "if the demand environment during the back half of fiscal 2020" -- which was "unprecedented" -- "were to persist through fiscal 2021, it would imply flat to slightly positive comparable sales growth and operating margin of at least 14 percent."
