The stock has turned small sums into fortunes. Plus, the company can still capture 85% of a trillion-dollar market.Over the past several decades, Home Depot (HD -0.02%) has grown into one of the world's largest retailers while generating life-changing investment returns for shareholders. Home Depot stock has turned a one-time $100 investment at its IPO into more than $3.6 million today.The company's secret? It's a well-run business in a growing housing market. Home Depot has widely allocated its financial r ...

PENNSYLVANIA, UNITED STATES - 2024/11/17: An exterior view of a Lowe's home improvement store in ... [+] Selinsgrove. (Photo by Paul Weaver/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesLowe’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. Lowe’s reported quarterly sales of ...

The idea of not buying Home Depot (HD -0.89%) may seem to make little sense. Few stocks have matched its track record for overall returns (total return of 421% over the past decade compared to the S&P 500's 250% return). Given its historical dividend growth, numerous investors benefit from its favorable dividends above and beyond its stock price appreciation.And yet, the discussion around the stock at the moment suggests buying right now might be a tougher call than it would normally be. There appears to be ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 27, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-8207 THE HOME DEPOT, INC. (Exact name of registrant as specified in its charter) Delaware 95-3261426 (State o ...

The Home Depot Inc. (HD) has risen 1.2% in the past week after reporting third-quarter fiscal 2024 results on Nov. 12, 2024. This reflects an outperformance compared with its industry peers, the broader sector and the S&P 500 index. The Building Products – Retail industry has grown 0.4% but the Retail-Wholesale sector has declined 1.9% in the past week. Meanwhile, the S&P 500 fell 2.1% since Nov. 12.Home Depot’s Price Performance Image Source: Zacks Investment Research The stock’s modest growth since its ea ...

Investment Rating - The investment rating for Home Depot (HD.N) is maintained at "Neutral" [1][2]. Core Insights - The report highlights that Home Depot's Q3 2024 revenue increased by 6.6% year-over-year to $40.2 billion, although comparable sales declined by 1.3% [2]. - The company has adjusted its 2024 full-year revenue growth guidance to approximately 4%, considering a comparable sales decline of 2.5% [2]. - The report indicates that the long-term fundamentals supporting home improvement demand remain strong, despite short-term pressures from high interest rates and economic uncertainty [2]. Summary by Sections Earnings Forecast and Valuation - Revenue projections for Home Depot are as follows: 2023A at $157.403 billion, 2024E at $163.699 billion, 2025E at $167.759 billion, and 2026E at $175.845 billion, with year-over-year growth rates of 4.1%, 4.0%, 2.5%, and 4.8% respectively [1]. - Net income estimates are: 2023A at $17.105 billion, 2024E at $16.785 billion, 2025E at $17.515 billion, and 2026E at $18.499 billion, with growth rates of 4.1%, -1.9%, 4.3%, and 5.6% respectively [1]. - The earnings per share (EPS) are projected to be $17.22, $16.90, $17.63, and $18.62 for 2023A, 2024E, 2025E, and 2026E respectively, with corresponding P/E ratios of 23.56, 24.01, 23.01, and 21.79 [1][2]. Operational Data - Key operational metrics for Q3 2024 show that customer transactions totaled 399 million, a slight decrease of 0.2% year-over-year, while the average transaction value was $88.65, down 1.3% from the previous year [2]. - The sales per square foot metric was recorded at $582.97, reflecting a 2.1% decline compared to the same period last year [2]. Market Indicators - The NAHB/Wells Fargo Housing Market Index (HMI) for October 2024 was reported at 43, indicating a slight increase but still below the breakeven point [2]. - The latest building permit data for September 2024 showed a total of 113.7 thousand permits, down 5.9% year-over-year, which is closely correlated with Home Depot's revenue [2]. Performance Outlook - The report anticipates that Home Depot will benefit from the recent hurricane-related demand, which is expected to provide a short-term boost to sales [2]. - The company plans to open approximately 12 new stores in 2024, maintaining its previous guidance, which represents a 0.5% increase from the 2,335 stores at the end of 2023 [2].

Group 1 - The article discusses how Home Depot has made a significant acquisition to increase its market share in a large and fragmented industry [1] - The acquisition is seen as a strategic move to capture a larger portion of the market, despite Home Depot currently holding only a small fraction of it [1]

52 周价格区间（美元） 302.34-421.56 2024 年 11 月 17 日 公司研究 评级：买入(首次覆盖) 研究所： 证券分析师： 马川琪 S0350523050001 macq@ghzq.com.cn 证券分析师： 廖小慧 S0350524080002 liaoxh@ghzq.com.cn [Table_Title] Q3 业绩超预期，上调全年业绩指引 ——家得宝（HD）FY2024Q3 业绩点评 最近一年走势 事件: 家得宝于 2024 年 11 月 12 日公告 FY2024Q3 业绩：销售额为 402 亿美 元，yoy+6.6%，可比销售额 yoy-1.3%，美国可比销售 yoy-1.2%。净利 润为 36 亿美元，yoy-4.3%，摊薄 EPS 为 3.67 美元，yoy-3.7%。 投资要点: 收入利润超市场预期，同店降幅环比收窄。FY2024Q3 公司销售额 为 402 亿美元，yoy+6.6%，可比销售额 yoy-1.3%，美国可比销售 yoy-1.2%。净利润为 36 亿美元，yoy-4.3%，摊薄 EPS 为 3.67 美元， yoy-3.7%。GPM 为 33.4%，yoy ...

In my last article on Home Depot (NYSE: NYSE: HD ), published in May 2024, I analysed the company’s first quarter report and investigated how the company’s renewed strategy of focusing more on the Pro business was progressing. IAssociate Professor in Finance and Corporate Governance at Brunel University London. I am also a CFA charterholder. In addition, I hold a PhD in Finance from University of Durham, U.K. I have six years of investing experience in the Indian and US equities with a medium to long-term h ...

Investment Rating - The report maintains a "Buy" rating for the company [2][9]. Core Insights - Demand recovery is expected following the stabilization of loan rates, leading to an upward revision of the full-year guidance [2][9]. - In Q3 2024, the company's total sales reached $40.2 billion, a year-on-year increase of 6.6%, primarily due to the acquisition of SRS and an additional 53rd week of operations [5][7]. - Comparable sales decreased by 1.3% year-on-year, with October showing a positive growth of 1%, attributed to hurricane-related demand [5][7]. - The company anticipates total sales growth of approximately 4% for 2024, up from a previous guidance of 2.5%-3.5% [9]. Summary by Sections Market Data - Closing price: $405.72 - Total shares outstanding: 993 million - Total market capitalization: $403 billion - Total assets: $97.3 billion - Net assets attributable to shareholders: $5.79 billion [3]. Financial Performance - Q3 2024 gross margin was approximately 33.4%, a decline of about 40 basis points year-on-year [8]. - Operating profit margin for Q3 2024 was 13.5%, down 0.8 percentage points year-on-year [8]. - Net profit for Q3 2024 was $3.6 billion, a year-on-year decrease of 4.3% [8]. - Inventory at the end of Q3 2024 was $23.9 billion, an increase of $1.1 billion year-on-year, with an inventory turnover rate of 4.8 times, up from 4.3 times in Q3 2023 [8]. Future Guidance - The company expects comparable sales to decline by approximately 2.5% in 2024, an improvement from the previous guidance of a 3%-4% decline [9]. - Projected revenues for 2024-2026 are $158.2 billion, $163.6 billion, and $171.1 billion, with year-on-year growth rates of +3.7%, +3.4%, and +4.6% respectively [9]. - Projected net profits for the same period are $14.9 billion, $15.4 billion, and $16.7 billion, with year-on-year changes of -1.9%, +3.8%, and +8.0% respectively [9].