In the latest trading session, Home Depot (HD) closed at $342.20, marking a +1.15% move from the previous day. The stock's change was more than the S&P 500's daily gain of 0.16%. Elsewhere, the Dow saw an upswing of 0.04%, while the tech-heavy Nasdaq appreciated by 0.49%.Shares of the home-improvement retailer witnessed a gain of 2.93% over the previous month, beating the performance of the Retail-Wholesale sector with its gain of 2.04% and underperforming the S&P 500's gain of 3.22%.Investors will be eager ...

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%, ...

The home improvement industry has faced some pretty rough headwinds over the past year. With inflation and high rates taking a toll on consumer budgets, it’s not hard to imagine many big-ticket discretionary purchases are being pushed out into the future, perhaps once rates are far lower. After all, home improvement projects and a new coat of paint on the house aren’t urgent, especially when grocery bills are going through the roof.As inflation and rates settle, perhaps more homeowners will be able to commi ...

The home improvement industry has long been a witness to the tussle between the market duopoly — The Home Depot Inc. (HD) and Lowe’s Companies Inc. (LOW) . Having dominated the U.S. home improvement market for long, Home Depot and Lowe’s have time and again been in competition with each other for the top spot.Given the situation, choosing between these companies has always turned out to be daunting for investors. While these two big names have impressed investors with stability and growth, picking one stock ...

M. SuhailWhen it comes to the Power of Compounding, there are not many better examples of there than The Home Depot (NYSE:HD). HD has been a compounding darling for years, and what I mean by that is the fact that they have provided not only solid dividend growth over the years, but separate from the dividend, they have provided great share price appreciation. However, over the past few years, HD shares have well underperformed the S&P 500 (SPY) by a decent margin. yChartsLooking at the performance char ...

The Home Depot Inc. (HD) has completed its previously announced acquisition of SRS Distribution, a leading specialty trade distribution company across several verticals. Per the acquisition pact signed on Mar 28, 2024, Home Depot bought the latter for an enterprise value of $18.25 billion, including net debt. The company funded the acquisition through cash on hand and debt.The acquisition is likely to expand Home Depot’s total addressable market (“TAM”) to $1 trillion, marking an increase of $50 billion. Th ...

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 complemen ...

You don't need to follow the market's hot trends -- but if you do, choose some safe stocks to balance them out.If you can imagine buying a stock and holding it for 30 years, you're ahead of the game. By following that kind of investing philosophy, you give yourself a good chance of beating the market and perhaps becoming a millionaire. At the very least, you're likely to retire much richer than you are today.There's no way to know for sure what will happen to any specific investment, but if you do your due ...

Can Home Depot still deliver returns for investors?Home Depot (HD -0.30%) has succeeded by becoming a go-to supplier for construction, repair, and remodeling projects for individuals and businesses. Founders Stanley Marcus and Arthur Blank succeeded by bringing together home improvement-related needs, such as lumber, plumbing, electrical, flooring, and other product lines under one roof.Over time, this approach made it the world's largest home improvement retailer. However, growth has slowed in recent years ...

Home Depot stock is a staple in many portfolios, so let's see where it stands in a challenging macroenvironment.The housing market has cooled, along with Home Depot's (HD -0.30%) stock, but the world's largest home improvement retailer is preparing to complete an $18.25 billion acquisition of SRS Distribution, a building products wholesale distributor, to bolster its future growth.As Home Depot shareholders wait for the deal to go through and the housing cycle to turn around, the company will continue to pa ...