Profile
Sector:
Consumer CyclicalIndustry:
Home Improvement RetailCountry:
United StatesIPO:
22 September 1981Website:
http://www.homedepot.comNext earnings report:
20 February 2025Last dividends:
29 August 2024Next dividends:
27 November 2024Price
pre-market | 8 min agoAnalysts recommendations
Institutional Ownership
Included in screeners
HD Latest News
Lowe's (NYSE: LOW), a home-improvement retailer, fell 4.6% on Tuesday, 19th November (to $259), as compared to a 0.4% growth in the S&P 500 index. In comparison, LOW's peer Home Depot stock (NYSE: HD) saw its stock down 0.9% to around $407 on the same day.
Investors might want to reconsider purchasing this unexpected stock, even though a stock split is probably on the way.
Home Depot (HD) has been getting a lot of interest from users on Zacks.com recently. As a result, it's important to understand the factors that could affect the stock's future performance.
It currently holds a small part of this huge market, but it has just made a significant move to gain a larger share.
HD's results for the third quarter show ongoing improvements from the Pro category, contributions from SRS, and additional sales related to hurricanes. This strong outlook is helping to maintain its progress.
Home Depot's performance in the third quarter was better than expected, thanks to sales from hurricane-related needs and the integration of SRS Distribution, which has led to an increase in their guidance for the fiscal year 2024. However, high interest rates and mortgage costs are still causing delays in larger remodeling projects, which could hinder Home Depot's growth. The acquisition of SRS seems to be beneficial, boosting sales and supporting Home Depot's focus on the Pro segment, but it will take time to see the full effects.
The company seems to be in a good place to recover next year.
Home Depot's CEO, Ted Decker, appears on CNBC's 'Squawk Box' to talk about the latest earnings report, the improved forecast, and other topics.
Ted Decker, the president and CEO of The Home Depot, appears on CNBC's 'Squawk Box' to discuss the company's quarterly results.
Ted Decker, the president and CEO of The Home Depot, discussed the advancements achieved in reducing inflation. He highlighted the steps taken to address this economic issue.
What type of business is Home Depot?
The Home Depot, Inc. is an American retail company headquartered in Cobb County, Georgia (USA). Founded in 1978, it owns and operates the largest network of stores selling building materials and home goods, with over 2200 retail locations in more than 1200 places in the United States, Canada, and Mexico. In addition, it manages several e-commerce websites. The Home Depot, Inc. serves individual consumers purchasing goods for their own needs, as well as professional clients such as renovators, repairmen, contractors, electricians, plumbers, painters, and others. The company offers its customers a wide range of products from its own and third-party brands, including building materials, home goods, garden supplies, and decorative items.
What sector is Home Depot in?
Home Depot is in the Consumer Cyclical sector
What industry is Home Depot in?
Home Depot is in the Home Improvement Retail industry
What country is Home Depot from?
Home Depot is headquartered in United States
When did Home Depot go public?
Home Depot initial public offering (IPO) was on 22 September 1981
What is Home Depot website?
https://www.homedepot.com
Is Home Depot in the S&P 500?
Yes, Home Depot is included in the S&P 500 index
Is Home Depot in the NASDAQ 100?
No, Home Depot is not included in the NASDAQ 100 index
Is Home Depot in the Dow Jones?
Yes, Home Depot is included in the Dow Jones index
When was Home Depot the previous earnings report?
No data
When does Home Depot earnings report?
The next expected earnings date for Home Depot is 20 February 2025