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why did home depot stock drop today

by Edd Witting V Published 3 years ago Updated 2 years ago
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Why I dumped my stock in Home Depot?

Aug 18, 2021 · So what. Home Depot's sales rose 8.1% year over year to $41.1 billion. The gains were fueled by a 4.5% increase in comparable sales, including a 3.4% rise in the U.S. The company's net earnings ...

What is the market share of Home Depot?

Feb 24, 2021 · What happened. Home Depot ( HD -1.60%) 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 ...

How to buy Home Depot stock?

Apr 29, 2022 · HD: Get the latest Home Depot stock price and detailed information including HD news, historical charts and realtime prices.

How much is Home Depot stock?

Analyst Report: Home Depot, Inc.Home Depot is the world's largest home improvement retailer, with sales of $151 billion for the fiscal year ended January 30, 2022.The company, which is …

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Why is Home Depot stock drop?

Home Depot Inc. shares fell the most in almost two years Tuesday after fourth-quarter profitability missed Wall Street's expectations amid supply-chain investments and higher costs.Feb 22, 2022

How high will Home Depot stock go?

Home Depot Inc (NYSE:HD)

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 310.00.

Is HD a buy or sell?

A company with a P/E ratio of 40 and a growth rate of 50% would have a PEG ratio of 0.80 (40 / 50 = 0.80).
...
Momentum Scorecard. More Info.
Zacks RankDefinitionAnnualized Return
1Strong Buy24.97%
2Buy18.45%
3Hold10.03%
4Sell5.70%
2 more rows

Is Home Depot a cyclical stock?

With that information, here are seven cyclical stocks to buy after a correction: Expedia Group (NASDAQ:EXPE) Home Depot (NYSE:HD)Mar 21, 2022

When was the last time Home Depot stock split?

Stock Splits
SplitRecord DatePayable Date
2 for 106/01/198306/08/1983
3 for 209/08/198709/22/1987
3 for 206/14/198906/30/1989
3 for 206/14/199007/06/1990
9 more rows

Will Home Depot increase its dividend in 2022?

Home Depot (HD) will raise its quarterly dividend by 15.2 percent to $1.90 per share in 2022. This comes after a dividend hike 10 percent to $1.65 per share in 2021 and marks the 13th consecutive year of annual dividend increases by the world's largest home improvement retailer.Feb 22, 2022

Is Lowes stock a buy or sell?

For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57%. A yield of 8.57% also means 8.57 cents of earnings for $1 of investment.
...
Momentum Scorecard. More Info.
Zacks RankDefinitionAnnualized Return
1Strong Buy24.97%
2Buy18.45%
3Hold10.03%
4Sell5.70%
2 more rows

Is Home Depot a buy or hold?

Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Home Depot is rated Zacks Rank #3 (Hold).Apr 12, 2022

Is Apple a buy or sell?

Apple has received a consensus rating of Buy. The company's average rating score is 2.78, and is based on 23 buy ratings, 8 hold ratings, and no sell ratings.

Is Home Depot a blue chip stock?

Wall Street also weighed strong earnings reports from blue-chip retailers Home Depot and Walmart.

What are blue chips stock?

A blue chip stock is a huge company with an excellent reputation. These are typically large, well-established, and financially sound companies that have operated for many years and that have dependable earnings, often paying dividends to investors.

How do you know if a stock is cyclical?

There are various indicators based on which one can judge a cyclical stock. The first is the Beta value or systemic risk. Cyclicals tend to have high beta values, which are usually higher than 1. A beta of 1.5 means if the market falls 10 per cent, the stock is likely to fall 15 per cent.

And why that could be a mistake

What happened

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.

So what

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.

Now 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%?

9 Words From Lowe's CEO That Investors Should See

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."

Home Depot Stock Price Drop: Why You Shouldn't Be Worried

The retailer is counting on a continued increase in home prices to support booming home improvement demand.

What You Might Have Missed in Home Depot's Earnings

Don't let the market's immediate reaction to this retailer's financial results concern you.

Cramer: Stocks That Can Soar In or Out of COVID Lockdowns

Wall Street wasn't thrilled with Home Depot's (NYSE: HD) latest earnings report. Investors' snap judgment was to worry over declining customer traffic and what that might mean for the home improvement giant's short-term growth.

Good News for Sonos and a Quarter of Progress for SoFi

Jim Cramer says whether COVID hits us again or is finally vanquished, investors need to be ready for opportunities in either outlook. These are the stocks he says can handle both.

Top Stock Reports for Apple, Home Depot & Deere

Sonos (NASDAQ: SONO) shares popped 10% after an International Trade Commission judge rules Google [Alphabet] (NASDAQ: GOOGL) (NASDAQ: GOOG) infringed on some of the company's audio technology patents.

3 Points to Check Before Buying The Home Depot, Inc. (NYSE:HD) For Its Dividend

Today's Research Daily features new research reports on 16 major stocks, including Apple Inc. (AAPL), The Home Depot, Inc. (HD), and Deere & Company (DE).

Peer comparison

In the face of inflation concerns, it is not surprising that real estate gets so much attention. Being the dominant presence in the home improvement sector, The Home Depot, Inc. (NYSE:HD) is certainly benefiting from those trends.

Stock performance

Of the 32 analysts that cover Lowe’s Companies (LOW), 71.9% have given it “buys,” and 28.1% have given it “holds.” On average, analysts have given the stock a 12-month price target of $111.86, which represents a potential return of 19.1% from its January 16 closing price of $93.96.

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