In the latest trading session, Home Depot (HD) closed at $384.01, marking a +0.2% move from the previous day. This move outpaced the S&P 500's daily loss of 0.29%. On the other hand, the Dow registered a loss of 0.25%, and the technology-centric Nasdaq decreased by 0.31%.Coming into today, shares of the home-improvement retailer had gained 4.35% in the past month. In that same time, the Retail-Wholesale sector gained 4.15%, while the S&P 500 gained 1.57%.Investors will be eagerly watching for the performanc ...

Here's a company that prioritizes returning cash to its shareholders.When it comes to dividend stocks, Home Depot (HD 0.32%) is a bellwether thanks to its long commitment to paying out a portion of its profits to shareholders. The home improvement retailer currently pays a quarterly dividend of $2.25 per share, resulting in an annual payout of $9 per share. For any mature dividend-paying stock, it's essential to examine its history and payout ratio to determine possible growth. Let's examine Home Depot's di ...

Home Depot will pay nearly $2 million to settle a civil law enforcement complaint alleging overcharging and false advertising.The $1,977,251 settlement involves a problem often called a “scanner violation” in which the price on the item or the item’s shelf tag is not the same as the one charged when the UPC code is scanned at the point-of-sale (POS) device or register, the Los Angeles County District Attorney’s Office said in a Thursday (Sept. 12) press release.“This settlement is a clear message that such ...

Home Depot is being ordered to pay nearly $2 million to settle a civil claim from California district attorneys that the company overcharged customers for products.  According to Los Angeles County District Attorney George Gascón, the retailer allegedly "engaged in false advertising and unfair competition" because it charged customers prices higher than the lowest advertised or posted price.This type of offense, known as a "scanner violation," occurs when the price on the item or on the item’s shelf tag doe ...

Davslens Photography/iStock Editorial via Getty Images Investment Thesis With a strong moat and a reliable market with secular trends that should support stable growth, The Home Depot (NYSE:HD) remains one of my highest conviction long-term investing ideas. HD’s moat comes from its scale, massive retail store footprint, and the barrier to entry of a highly capital-intensive business that eliminates almost any chance of disruption to HD or its largest competitor, Lowe’s, Inc. (LOW). An aging U.S. housing ...

The retail sector represents a wide array of companies selling goods directly to consumers through various channels. This includes traditional brick-and-mortar stores, e-commerce platforms, and omnichannel retailers. Retail stocks offer investors a chance to own shares in these companies on the stock market. The sector is diverse, covering everything from grocery stores to luxury brands. Retail stocks often reflect consumer spending habits and broader economic trends.Investing in retail stocks can offer sev ...

Interest-rate-sensitive stocks are getting ready for new tailwinds.All eyes are on the Federal Reserve this month as it gets ready to lower interest rates. Chairman Jerome Powell has alluded to being ready to make the cut when the Fed meets on Sept. 17, and a reduction of any level is likely to positively affect the stock market.It should lead to improvements in spending, which will lift revenue at retailers and other companies across the country. That's good for business overall, but it's crucial for some ...

Dublin, Sept. 06, 2024 (GLOBE NEWSWIRE) -- The "Mexico Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics (Databook) - Q2 2024 Update" report has been added to ResearchAndMarkets.com's offering.The gift card industry in Mexico is expected to grow by 9.9% on annual basis to reach US$3.8 billion in 2024. The gift card industry in Mexico will continue to grow over the forecast period and is expected to record a CAGR of 9.2% during 2024-2028. Mexico's gift card market is forecast to in ...

The Home Depot, Inc. (NYSE:HD) Goldman Sachs 31st Annual Global Retailing Conference September 4, 2024 9:35 AM ET Company Participants Ted Decker – President and Chief Executive Officer Billy Bastek – Executive Vice President-Merchandising Conference Call Participants Kate McShane – Goldman Sachs Kate McShane Hey, good morning. We're going to start our next fireside chat session. It's my pleasure to introduce the members of management team for Home Depot. Ted Decker Good morning. Kate McShane Good morning. ...

Summary of Home Depot Conference Call Company Overview - **Company**: The Home Depot, Inc. (NYSE: HD) - **Event**: Goldman Sachs 31st Annual Global Retailing Conference - **Date**: September 4, 2024 Key Points Industry and Market Dynamics - The housing market has faced challenges, impacting consumer behavior and spending patterns [3][4] - Home values have increased by 50% since the end of 2019, contributing to a wealth effect of approximately $18 trillion in incremental value in U.S. housing stock [5] - Personal Consumption Expenditure (PCE) remains strong, driven by low savings rates and wage growth among consumers [4][5] - Housing turnover has dramatically decreased, with a drop of about 1.5 million units over the last 18 to 24 months, leading to a significant reduction in spending on home improvement [8] Consumer Behavior - Consumers are currently hesitant to undertake larger home improvement projects due to uncertainty regarding interest rates and economic conditions [9][10] - The break/fix segment of the business remains strong, as older homes require maintenance and repairs [13][14] - There is potential for growth in repair and maintenance even if housing turnover remains low, due to pent-up demand [11][12] Financial Performance and Projections - The company anticipates a lag in recovery for housing turnover and related projects, even if mortgage rates decrease [15][16] - Home Depot is focused on taking market share and improving customer satisfaction amidst challenging market conditions [24][27] - The company has a total addressable market (TAM) of $1 trillion, with a current market share of 17% [27] Strategic Initiatives - The acquisition of SRS has expanded Home Depot's capabilities in serving complex professional customers, increasing the TAM by $50 billion [37][38] - Investments in supply chain infrastructure are expected to enhance delivery capabilities and operational efficiency [40][41] - The company plans to open approximately 25 new stores annually, addressing the fundamental shortage of housing in the U.S. [49][50] Promotional Strategies - Promotional activities have normalized to pre-pandemic levels, focusing on creating excitement and driving traffic to stores [52] Conclusion - Home Depot remains optimistic about future growth despite current market challenges, focusing on operational excellence, customer engagement, and strategic acquisitions to capture additional market share [36][38]