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why is home depot stock down

by Elena Crooks I Published 3 years ago Updated 2 years ago
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Why I dumped my stock in Home Depot?

Aug 17, 2021 · Why Home Depot Stock Dropped Today. ... As of 3:10 p.m. EDT, Home Depot's stock price was down more than 4%. So what. Home Depot's sales rose 8.1% year over year to $41.1 billion. The gains were ...

What is Home Depot's stock split history?

Here are two reasons Home Depot is dragging your portfolio down. While the pandemic slowed many stocks, Home Depot was not one of them. Investor's Business Daily

What is the market share of Home Depot?

Feb 24, 2021 · Home Depot ( HD -3.85% ) 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?

Apr 05, 2022 · Home Depot Inc. stock outperforms market despite losses on the day marketwatch.com - April 5 at 6:36 PM ... Why Home Depot's (NYSE:HD) Fundamentals are Better than Expected finance.yahoo.com - March 28 at 6:54 PM ... Home Depot msn.com - March 21 at 9:00 PM: Dow down nearly 375 points on losses for shares of Boeing, Home Depot

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Why Home Depot stock went 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.

How high will Home Depot stock go?

According to the algorithm-based The Home Depot share price forecast from Wallet Investor as of 10 March, the HD stock could hit $380.929 by the end of December 2022. The service suggested the stock could be valued at $441.706 by the end of December 2023, $503.221 by the end of 2024 and $564.120 by the end of 2025.Mar 11, 2022

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 380.00, with a high estimate of 470.00 and a low estimate of 314.00. The median estimate represents a +23.88% increase from the last price of 306.74.

Is Home Depot stock overvalued?

Home Depot Is Overvalued At Today's Price From a long-term perspective, it is clear that investors are pricing in substantial growth for both firms over the coming years.Nov 10, 2021

Will Home Depot split stock?

Summary. Home Depot has split its shares more than ten times during the 1980s and 1990s. 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 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

When was the last time Home Depot stock split?

Stock SplitsSplitRecord DatePayable Date2 for 106/01/198306/08/19833 for 209/08/198709/22/19873 for 206/14/198906/30/19893 for 206/14/199007/06/19909 more rows

Is HD a buy right now?

Home Depot Inc (HD) With the stock out of buy range, the stock is no longer a buy right now.Nov 2, 2021

What is the target price for Amazon stock?

Stock Price Target AMZNHigh$5,000.00Median$4,100.00Low$2,800.00Average$4,107.47Current Price$3,110.82

Why are Home Depot prices so high?

Home Depot executives said consumer prices for construction supplies like lumber and copper products are up due to commodity cost spikes. “A stick of lumber that was 2-odd dollars is now over $5,” Decker said.Feb 23, 2021

Is Lowes stock a buy or sell?

A stock with a P/E ratio of 20, for example, is said to be trading at 20 times its annual earnings....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy24.93%2Buy18.44%3Hold9.99%4Sell5.61%2 more rows

Why is Home Depot stock up?

Shares of Home Depot rose Tuesday after the company reported third-quarter earnings that beat expectations thanks to continued demand for home improvement amid a strong housing market.Nov 16, 2021

9 Words From Lowe's CEO That Investors Should See

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).

And why that could be a mistake

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.

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%?

The Home Depot Media Sentiment

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."

Media Coverage

Each headline receives a score ranging from 2 (good news) to -2 (bad news). Our company news sentiment scores track the average news sentiment of articles about each company over the most recent 7 days in order to identify companies that are receiving positive press.

The Home Depot (NYSE HD) News Headlines Today

We track news headlines from hundreds of news outlets and tag them by company. This chart compares the number of articles about this company in the last seven days compared with the average number of articles about this company on a typical week.

Shares of the home-improvement retailer fell as it said it would cut hours at its stores

Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm.

What happened

Fool since 2011. I write about consumer goods, the big picture, and whatever else piques my interest. Follow me on Twitter to see my latest articles, and for commentary on hot topics in retail and the broad market. Follow @tmfbowman

So what

Shares of Home Depot ( NYSE:HD) 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. Home Depot said stores would remain open as it's an essential retailer, but they would close at 6 p.m. EDT.

Now what

The announcement said that some of Home Depot's products were in high demand. While that may be true, it also seems likely that overall customer traffic will dwindle as Americans under lockdown-style conditions forego home-improvement projects and focus on buying necessities such as food, medicine, and cleaning products, as many are already doing.

Peer comparison

Spring is normally Home Depot's busiest time of year as it hires thousands of temporary staff to ramp for up the peak home-improvement season. However, with the coronavirus crisis likely to persist at least through the spring, Home Depot is likely to miss out on its top selling season.

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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