The Home Depot, Inc. operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, building materials, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers. The company also offers installation programs that include flooring, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows; and professional installation in various categories sold through its stores and in-home sales programs, as well as acts as a general contractor to provide installation services to its do-it-for-me customers through third-party installers. In addition, it provides tool and equipment rental services. The company primarily serves homeowners; and professional renovators/remodelers, general contractors, handymen, property managers, building service contractors, and specialty tradesmen, such as electricians, plumbers, and painters. It also sells its products online. As of August 10, 2021, the company operated 2,298 Home Depot retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces, and Mexico. The Home Depot, Inc. was incorporated in 1978 and is based in Atlanta, Georgia.
IPO Year:
Exchange: NYSE
Website: homedepot.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
7/16/2024 | $426.00 | Buy | Jefferies |
6/26/2024 | $352.00 → $395.00 | Neutral → Buy | DA Davidson |
4/1/2024 | $335.00 → $360.00 | Market Perform | Telsey Advisory Group |
3/19/2024 | $415.00 | Buy | Mizuho |
2/21/2024 | $323.00 | Hold → Reduce | HSBC Securities |
2/15/2024 | $325.00 → $335.00 | Market Perform | Telsey Advisory Group |
1/22/2024 | Outperform → Perform | Oppenheimer | |
1/18/2024 | $350.00 → $415.00 | Outperform | TD Cowen |
1/16/2024 | $311.00 → $400.00 | Neutral → Overweight | Piper Sandler |
1/10/2024 | $380.00 | Neutral → Outperform | Wedbush |
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Jefferies resumed coverage of Home Depot with a rating of Buy and set a new price target of $426.00
DA Davidson upgraded Home Depot from Neutral to Buy and set a new price target of $395.00 from $352.00 previously
Telsey Advisory Group reiterated coverage of Home Depot with a rating of Market Perform and set a new price target of $360.00 from $335.00 previously
Mizuho initiated coverage of Home Depot with a rating of Buy and set a new price target of $415.00
HSBC Securities downgraded Home Depot from Hold to Reduce and set a new price target of $323.00
Telsey Advisory Group reiterated coverage of Home Depot with a rating of Market Perform and set a new price target of $335.00 from $325.00 previously
Oppenheimer downgraded Home Depot from Outperform to Perform
TD Cowen reiterated coverage of Home Depot with a rating of Outperform and set a new price target of $415.00 from $350.00 previously
Piper Sandler upgraded Home Depot from Neutral to Overweight and set a new price target of $400.00 from $311.00 previously
Wedbush upgraded Home Depot from Neutral to Outperform and set a new price target of $380.00
Orange Apron Media further differentiates its retail media network with Pentaleap's sponsored products technology, boasting increased ad relevance, a superior shopping experience and an improved advertiser ROAS. NEW YORK, Sept. 3, 2024 /PRNewswire/ -- Pentaleap Inc., a leader in retail media technology, and Orange Apron Media proudly announce an innovative partnership designed to further elevate The Home Depot's retail media network. This collaboration will provide a superior shopping experience and enhanced Return on Ad Spend for advertisers. Bringing Suppliers Closer to Cust
ATLANTA, Aug. 21, 2024 /PRNewswire/ -- The Home Depot®, the world's largest home improvement retailer, today announced that Ted Decker, chair, president and CEO, and Billy Bastek, executive vice president – merchandising will present at the Goldman Sachs 31st Annual Global Retailing Conference. The presentation will begin at 9:35 a.m. ET on Wednesday, September 4, 2024. The presentation will be webcast live at http://ir.homedepot.com/events-and-presentations. A link will be displayed under "Events and Presentations." The webcast will be archived and available at the same locat
ATLANTA, Aug. 15, 2024 /PRNewswire/ -- The Home Depot®, the world's largest home improvement retailer, today announced that its board of directors declared a second quarter cash dividend of $2.25 per share. The dividend is payable on September 12, 2024, to shareholders of record on the close of business on August 29, 2024. This is the 150th consecutive quarter the company has paid a cash dividend. The Home Depot is the world's largest home improvement specialty retailer. At the end of the second quarter, the company operated a total of 2,340 retail stores and over 760 branches
ATLANTA, Aug. 13, 2024 /PRNewswire/ -- The Home Depot®, the world's largest home improvement retailer, today reported sales of $43.2 billion for the second quarter of fiscal 2024, an increase of 0.6% from the second quarter of fiscal 2023. Total sales include $1.3 billion from the recent acquisition of SRS Distribution Inc. (SRS), which represents approximately six weeks of sales in the quarter. Comparable sales for the second quarter of fiscal 2024 decreased 3.3%, and comparable sales in the U.S. decreased 3.6%. Operating income for the second quarter of fiscal 2024 was $6.5
ATLANTA, July 30, 2024 /PRNewswire/ -- The Home Depot®, the world's largest home improvement retailer, announced today that it will hold its Second Quarter Earnings Conference Call on Tuesday, August 13, at 9 a.m. ET. A webcast will be available by logging onto http://ir.homedepot.com/events-and-presentations and selecting the Second Quarter Earnings Conference Call icon. The webcast will be archived, and the replay will be available beginning at approximately noon on August 13. The Home Depot is the world's largest home improvement specialty retailer. At the end of the first
Grants will fund the construction of more than 300 new units of housing ATLANTA, June 24, 2024 /PRNewswire/ -- The Home Depot Foundation is investing $9 million to provide housing solutions for over 3,400 veterans battling homelessness. This funding will support the construction of more than 300 new housing units and the repair of nearly 200 additional units, bringing much-needed stability and comfort to veterans across the nation. Over the past decade, the number of homeless veterans has decreased by 55%, according to the U.S. Department of Housing and Urban Development. How
ATLANTA, June 18, 2024 /PRNewswire/ -- The Home Depot®, the world's largest home improvement retailer, has completed the acquisition of SRS Distribution, Inc. ("SRS") for a total enterprise value of approximately $18.25 billion. SRS is a leading residential specialty trade distribution company across several verticals serving the professional roofer, landscaper and pool contractor. The agreement to acquire SRS was announced on March 28, 2024. "SRS is an excellent fit for The Home Depot – it's both complementary and additive to our growth," said Ted Decker, chair, president and
Awards honor organizations that have demonstrated significant accomplishments across safety, efficiency, sustainability, performance, and innovation initiatives Samsara Inc. ("Samsara") (NYSE:IOT), the pioneer of the Connected Operations™ Cloud, today announced the winners of its 2024 Connected Operations Awards. This year's honorees represent the people and organizations that power our world — from transportation and the public sector, to construction and manufacturing. These organizations use data-driven insights from Samsara's platform to run more safely, efficiently, and sustainably in service to their customers and communities. "At Samsara, we understand the pivotal role that physi
ATLANTA, June 14, 2024 /PRNewswire/ -- The Home Depot® (NYSE:HD) today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the "HSR Act"), in connection with its pending acquisition of SRS Distribution Inc. ("SRS"). The expiration of the waiting period occurred at 11:59 p.m. on June 13, 2024. The expiration of the waiting period under the HSR Act satisfies an important condition necessary for the completion of the transaction. The transaction is expected to close on or about June 18, 2024, subject to the satisfaction o
New efforts focus on preparing hard-to-reach communities ATLANTA, June 4, 2024 /PRNewswire/ -- As hurricane season begins, The Home Depot Foundation granted more than $6 million to help national and local nonprofit organizations prepare for immediate response and long-term recovery efforts in communities across the country. New grants look to equip response organizations in hard-to-reach areas with supplies and equipment necessary for timely disaster response. For example, The Home Depot Foundation is partnering with Mercy Corps' Caribbean Resilience Initiative to station equ
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Acquisition Expected to Accelerate Capabilities to Better Serve the Pro Customer's Complex Project Needs ATLANTA, Nov. 20, 2023 /PRNewswire/ -- The Home Depot®, the world's largest home improvement retailer, has entered into a definitive agreement to acquire International Designs Group (IDG), a platform company that owns and operates Construction Resources and other design-oriented subsidiaries. Construction Resources is a leading distributor of design-oriented surfaces, appliances and architectural specialty products for professional (Pro) contractors focused on renovation, remodeling, residential home building and multi-family.
Papa John's International, Inc. (NASDAQ:PZZA) ("Papa Johns®") today announced the appointment of two new members to the Papa Johns Board of Directors – John Garratt, former President and Chief Financial Officer of Dollar General (NYSE:DG), and Stephen Gibbs, former Chief Accounting Officer and Corporate Controller at The Home Depot (NYSE:HD), bringing decades of experience across retail and consumer brands. Following the appointments, the Board will comprise 10 directors, eight of whom are independent. "We are pleased to welcome John and Stephen to the Papa Johns Board," said Christopher L. Coleman, Chair of the Papa Johns Board of Directors. "Their appointment demonstrates Papa Johns c
ATLANTA, Feb. 24, 2022 /PRNewswire/ -- The Home Depot®, the world's largest home improvement retailer, today announced the appointment of Paula Santilli, CEO of PepsiCo Latin America, and Caryn Seidman-Becker, chair and CEO of CLEAR, to its board of directors, effective March 1, 2022. Following the appointment of Santilli and Seidman-Becker, The Home Depot will have 14 directors. Santilli has served as CEO of PepsiCo Latin America since 2019. Previously, she served in various leadership positions at PepsiCo Mexico Foods, including president, chief operating officer, and vice
Beacon (NASDAQ:BECN) (the "Company") announced today the appointment of Jonathan S. Bennett as Executive Vice President and Chief Commercial Officer (CCO). Mr. Bennett will join Beacon in this newly created role on June 1, 2021 and be responsible for the Company's integrated go-to-market strategy comprising selling excellence, category management, marketing, pricing, and supply chain. Prior to joining Beacon, Mr. Bennett served as Executive Vice President, Merchandising and Supply Chain at Total Wine & More, the country's largest independent retailer of beverage alcohol, since 2016. There he was accountable for the product merchandising, market management, supply chain, pricing, and assort
ATLANTA, Aug. 15, 2024 /PRNewswire/ -- The Home Depot®, the world's largest home improvement retailer, today announced that its board of directors declared a second quarter cash dividend of $2.25 per share. The dividend is payable on September 12, 2024, to shareholders of record on the close of business on August 29, 2024. This is the 150th consecutive quarter the company has paid a cash dividend. The Home Depot is the world's largest home improvement specialty retailer. At the end of the second quarter, the company operated a total of 2,340 retail stores and over 760 branches
ATLANTA, Aug. 13, 2024 /PRNewswire/ -- The Home Depot®, the world's largest home improvement retailer, today reported sales of $43.2 billion for the second quarter of fiscal 2024, an increase of 0.6% from the second quarter of fiscal 2023. Total sales include $1.3 billion from the recent acquisition of SRS Distribution Inc. (SRS), which represents approximately six weeks of sales in the quarter. Comparable sales for the second quarter of fiscal 2024 decreased 3.3%, and comparable sales in the U.S. decreased 3.6%. Operating income for the second quarter of fiscal 2024 was $6.5
ATLANTA, July 30, 2024 /PRNewswire/ -- The Home Depot®, the world's largest home improvement retailer, announced today that it will hold its Second Quarter Earnings Conference Call on Tuesday, August 13, at 9 a.m. ET. A webcast will be available by logging onto http://ir.homedepot.com/events-and-presentations and selecting the Second Quarter Earnings Conference Call icon. The webcast will be archived, and the replay will be available beginning at approximately noon on August 13. The Home Depot is the world's largest home improvement specialty retailer. At the end of the first
ATLANTA, June 18, 2024 /PRNewswire/ -- The Home Depot®, the world's largest home improvement retailer, has completed the acquisition of SRS Distribution, Inc. ("SRS") for a total enterprise value of approximately $18.25 billion. SRS is a leading residential specialty trade distribution company across several verticals serving the professional roofer, landscaper and pool contractor. The agreement to acquire SRS was announced on March 28, 2024. "SRS is an excellent fit for The Home Depot – it's both complementary and additive to our growth," said Ted Decker, chair, president and
ATLANTA, June 14, 2024 /PRNewswire/ -- The Home Depot® (NYSE:HD) today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the "HSR Act"), in connection with its pending acquisition of SRS Distribution Inc. ("SRS"). The expiration of the waiting period occurred at 11:59 p.m. on June 13, 2024. The expiration of the waiting period under the HSR Act satisfies an important condition necessary for the completion of the transaction. The transaction is expected to close on or about June 18, 2024, subject to the satisfaction o
ATLANTA, May 16, 2024 /PRNewswire/ -- The Home Depot®, the world's largest home improvement retailer, today announced that its board of directors declared a first quarter cash dividend of $2.25 per share. The dividend is payable on June 13, 2024, to shareholders of record on the close of business on May 30, 2024. This is the 149th consecutive quarter the company has paid a cash dividend. The Home Depot is the world's largest home improvement specialty retailer. At the end of the first quarter of fiscal year 2024, the company operated a total of 2,337 retail stores in all 50 st
ATLANTA, May 14, 2024 /PRNewswire/ -- The Home Depot®, the world's largest home improvement retailer, today reported sales of $36.4 billion for the first quarter of fiscal 2024, a decrease of 2.3% from the first quarter of fiscal 2023. Comparable sales for the first quarter of fiscal 2024 decreased 2.8%, and comparable sales in the U.S. decreased 3.2%. Net earnings for the first quarter of fiscal 2024 were $3.6 billion, or $3.63 per diluted share, compared with net earnings of $3.9 billion, or $3.82 per diluted share, in the same period of fiscal 2023. "The team executed at
ATLANTA, April 30, 2024 /PRNewswire/ -- The Home Depot, the world's largest home improvement retailer, announced today that it will hold its First Quarter Earnings Conference Call on Tuesday, May 14, at 9 a.m. ET. A webcast will be available by logging onto http://ir.homedepot.com/events-and-presentations and selecting the First Quarter Earnings Conference Call icon. The webcast will be archived, and the replay will be available beginning at approximately noon on May 14. The Home Depot is the world's largest home improvement specialty retailer. At the end of fiscal year 2023,
ATLANTA, March 28, 2024 /PRNewswire/ -- The Home Depot®, the world's largest home improvement retailer, has entered into a definitive agreement to acquire SRS Distribution Inc. ("SRS"), a leading residential specialty trade distribution company across several verticals serving the professional roofer, landscaper and pool contractor. SRS will accelerate The Home Depot's growth with the residential professional customer. SRS complements The Home Depot's capabilities and will enable the company to better serve complex project purchase occasions with the renovator/remodeler, while
ATLANTA, Feb. 20, 2024 /PRNewswire/ -- The Home Depot®, the world's largest home improvement retailer, today reported fourth quarter and fiscal 2023 results. Fourth Quarter 2023 Sales for the fourth quarter of fiscal 2023 were $34.8 billion, a decrease of 2.9% from the fourth quarter of fiscal 2022. Comparable sales for the fourth quarter of fiscal 2023 decreased 3.5%, and comparable sales in the U.S. decreased 4.0%. Net earnings for the fourth quarter of fiscal 2023 were $2.8 billion, or $2.82 per diluted share, compared with net earnings of $3.4 billion, or $3.30 per dilute
Deep-pocketed investors have adopted a bearish approach towards Home Depot (NYSE:HD), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in HD usually suggests something big is about to happen. We gleaned this information from our observations today when Benzinga's options scanner highlighted 13 extraordinary options activities for Home Depot. This level of activity is out of the ordinary. The general mood among these heavyweight investors is divided, with 15% leaning bullish and 76% bearish. Among these notable options, 3 are
Home Depot (NYSE:HD) has outperformed the market over the past 10 years by 5.18% on an annualized basis producing an average annual return of 16.12%. Currently, Home Depot has a market capitalization of $357.93 billion. Buying $1000 In HD: If an investor had bought $1000 of HD stock 10 years ago, it would be worth $4,452.36 today based on a price of $360.95 for HD at the time of writing. Home Depot's Performance Over Last 10 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and re
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Investors with a lot of money to spend have taken a bullish stance on Home Depot (NYSE:HD). And retail traders should know. We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with HD, it often means somebody knows something is about to happen. So how do we know what these investors just did? Today, Benzinga's options scanner spotted 21 uncommon options trades for Home Depot. This isn't normal. The overall sentiment of these big-money traders is split between 47% bullish and 28%, bearish. Out of all of the special op
The Dow Jones Industrial Average Index reached a new record high of 41,198 points Wednesday, closing 0.6% higher and extending its winning streak to six consecutive sessions in the green. Blue-chip stocks, tracked by the SPDR Dow Jones Industrial Average ETF (NYSE:DIA), found a strong ally in July’s seasonality. Just a year ago, the Dow Jones began a remarkable bull run of 13 consecutive sessions starting on July 10. This year’s Dow rally is distinguished not only by new record highs but by its outperformance relative to the tech sector. Over the last six sessions, the Dow Jones has risen by 5%, while the tech-heavy Nasdaq 100 fell by 3.3%. Therefore, it has outperformed the Nasdaq
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Below are some instances of options activity happening in the Consumer Discretionary sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume TSLA CALL TRADE NEUTRAL 07/19/24 $255.00 $60.5K 9.4K 56.5K XPEV CALL SWEEP
June’s U.S. retail sales report indicates that increasingly careful consumers are still opening their wallets, despite a stagnant reading on Tuesday, economists say. U.S. retail sales remained flat in June, falling from an upwardly revised 0.3% growth in May to zero growth and matching the forecasted flat reading, according to preliminary estimates issued on Tuesday. “A more discerning consumer continues to spend,” Quincy Krosby, chief global strategist for LPL Financial, said on Tuesday. “This morning’s retail report — coupled with positive revisions — suggests that the all-important U.S. consumer, while increasingly discerning regarding purchases, continues to spend at a resilient
During the last three months, 14 analysts shared their evaluations of Home Depot (NYSE:HD), revealing diverse outlooks from bullish to bearish. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 6 4 3 1 0 Last 30D 0 0 1 0 0 1M Ago 1 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 5 4 2 1 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $390.79, with a high estimate of $420.00 and a low estimate of $318.00. Experiencing a 2.06% decline, the current averag
Stifel analyst W. Andrew Carter maintains Home Depot (NYSE:HD) with a Hold and raises the price target from $374 to $380.