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The Home Depot Inc. (HD) – Don’t Be So Quick to Call it Dead

The Home Depot Inc. (NYSE: HD) is -9.22% lower on its value in year-to-date trading and has touched a low of $264.51 and a high of $347.25 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The HD stock was last observed hovering at around $287.97 in the last trading session, with the day’s loss setting it -1.24% off its average median price target of $335.00 for the next 12 months. It is also 28.32% off the consensus price target high of $400.00 offered by 37 analysts, but current levels are -15.62% lower than the price target low of $248.00 for the same period.

Currently trading at $286.73, the stock is -3.41% and -7.98% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.34 million and changing -0.43% at the moment leaves the stock -4.83% off its SMA200. HD registered -12.73% loss for a year compared to 6-month gain of 3.76%.

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The stock witnessed a -9.96% loss in the last 1 month and extending the period to 3 months gives it a -13.87%, and is -0.44% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.60% over the week and 2.24% over the month.

The Home Depot Inc. (HD) has around 490600 employees, a market worth around $293.96B and $157.40B in sales. Current P/E ratio is 17.19 and Fwd P/E is 17.05. Profit margin for the company is 10.70%. Distance from 52-week low is 8.40% and -17.43% from its 52-week high. The company has generated returns on investments over the last 12 months (46.20%).

The Home Depot Inc. (HD) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for The Home Depot Inc. (HD) is a “Overweight”. 37 analysts offering their recommendations for the stock have an average rating of 2.30, where 14 rate it as a Hold and 5 think it is a “Overweight”. 17 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.

The Home Depot Inc. is expected to release its quarterly report on 05/16/2023.The EPS is expected to grow by 30.10% this year

The Home Depot Inc. (HD) Top Institutional Holders

The shares outstanding are 1.02B, and float is at 1.02B with Short Float at 1.19%.

The Home Depot Inc. (HD) Insider Activity

A total of 21 insider transactions have happened at The Home Depot Inc. (HD) in the last six months, with sales accounting for 16 and purchases happening 5 times. The most recent transaction is an insider sale by KINNAIRD JEFFREY G, the company’s EVP – Merchandising. SEC filings show that KINNAIRD JEFFREY G sold 6,403 shares of the company’s common stock on Nov 18 at a price of $311.65 per share for a total of $2.0 million. Following the sale, the insider now owns 25241.0 shares.

The Home Depot Inc. disclosed in a document filed with the SEC on Nov 17 that Siddiqui Fahim (EVP and CIO) sold a total of 2,000 shares of the company’s common stock. The trade occurred on Nov 17 and was made at $311.29 per share for $0.62 million. Following the transaction, the insider now directly holds 3928.0 shares of the HD stock.

Still, SEC filings show that on Nov 17, Campbell Ann Marie (EVP – U.S. Stores & Int’l Ops) disposed off 230 shares at an average price of $310.79 for $71482.0. The insider now directly holds 12,692 shares of The Home Depot Inc. (HD).

The Home Depot Inc. (HD): Who are the competitors?

The company’s main competitors (and peers) include Amazon.com Inc. (AMZN) that is trading -32.11% down over the past 12 months and Walmart Inc. (WMT) that is -5.14% lower over the same period. Lowe’s Companies Inc. (LOW) is -13.59% down on the 1-year trading charts.

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