Why Home Depot (HD) Stock Is Dropping Today Home Depot (HD) stock is down after Deutsche Bank (DB) cut its second quarter earnings estimate on the retailer. Karina Magalong Jul 10, 2014 9:51 AM EDT NEW YORK (TheStreet) -- Shares of Home Depot Inc. (HD) - Get Home Depot Inc.
Full Answer
Why I dumped my stock in Home Depot?
Home Depot's Earnings Per Share Are Growing ... herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Sign up for our newsletter to get the latest on the transformative forces shaping the global economy ...
What is Home Depot's stock split history?
Home Depot (HD) has 13 splits in our Home Depot stock split history database. The first split for HD took place on January 20, 1982. This was a 3 for 2 split, meaning for each 2 shares of HD owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split.
What is the market share of Home Depot?
The Home Depot Inc., whose market valuation is $342.22 billion at the time of this ... Analysts have predicted the quarterly earnings per share to grow by $4.44 per share this quarter, however they have predicted annual earnings per share of $14.57 for ...
How to buy Home Depot stock?
Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Home Depot appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock ...
Why is the Home Depot stock dropping?
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.
Will Home Depot stock go up?
Stock Price Forecast 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 +18.72% increase from the last price of 299.86.
What is the news on Home Depot?
The Home Depot Announces First Quarter Results; Raises Fiscal 2022 Guidance. The Home Depot®, the world's largest home improvement retailer, today reported sales of $38.9 billion for the first quarter of fiscal 2022, an increase of $1.4 billion, or 3.8 percent from the first quarter of fiscal 2021.
Is Home Depot a good buy?
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.
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 2027-06-04 is 568.210 USD. With a 5-year investment, the revenue is expected to be around +89.73%. Your current $100 investment may be up to $189.73 in 2027.
Will Home Depot stock go up 2022?
Looking into the 2022 fiscal year, which ends next January, Home Depot said it sees 'mid single digit' earnings growth, up from its prior forecast of 'low single digit' gains, and comparable sales growth of around 3%.
What is the future of Home Depot?
Home Depot's booming sales are slowing down The deceleration in 2022 would mark the end of two great years of growth for Home Depot. In the fiscal year ended in January 2021, sales increased by 19.9% to reach $132 billion. And in the fiscal year ended in January 2022, it increased by 14.4% to reach $151 billion.
Who is Home Depot competitors?
The Home Depot's top competitors include Berkshire Hathaway, Lowe's, Walmart and Amazon. The Home Depot is a home improvement specialty retailer.
Is Home Depot a cyclical stock?
A rating of 95 puts Home Depot Inc (HD) near the top of the Consumer Cyclical sector according to InvestorsObserver. Home Depot Inc's score of 95 means that it ranks higher than 95% of stocks in the sector.
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).
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 stock worth so much?
Not many stocks have rallied during the COVID pandemic. Home Depot stands out as a company that has seen exceptional gains after a short-term dip in March and April. The recent increase in value likely comes from the number of people using their stimulus checks on home repairs.
Is Home Depot stock a Buy, Sell or Hold?
Home Depot stock has received a consensus rating of buy. The average rating score is A2 and is based on 51 buy ratings, 11 hold ratings, and 0 sell...
What was the 52-week low for Home Depot stock?
The low in the last 52 weeks of Home Depot stock was 279.63. According to the current price, Home Depot is 110.31% away from the 52-week low.
What was the 52-week high for Home Depot stock?
The high in the last 52 weeks of Home Depot stock was 420.61. According to the current price, Home Depot is 73.34% away from the 52-week high.
What are analysts forecasts for Home Depot stock?
The 62 analysts offering price forecasts for Home Depot have a median target of 343.53, with a high estimate of 470.00 and a low estimate of 260.00...
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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."
