The home improvement giant just affirmed its 2024 outlook.Home Depot (HD 0.43%) investors might be pinching themselves right about now. Their stock has kept up with the rally in the S&P 500 over the past 12 months, allowing the home improvement giant to stand out from many of its struggling peers. It's not just the wider retailing industry that's under pressure, either. There's less demand for home improvement projects in the wake of the pandemic, and rising interest rates have pinched home sales as well.Ho ...

Where the stock heads likely depends on the level of home remodeling activity.Home Depot (HD 0.43%) saw its same-store sales (or comps) fall once again, as the home improvement retailer deals with a difficult home remodeling market and a more cautious consumer. It was the sixth straight quarter in which the company saw its comparable-store sales fall.Comps are a good indication of the strength of a retailer's business because they show how its individual stores are performing versus one year ago. Despite th ...

This top-retail business has done a wonderful job of rewarding shareholders in the past.Home Depot (HD 0.43%) has made for a fine investment in the past. Its shares produced a 462% total return in the last 10 years, effectively turning a $10,000 investment into more than $56,000 during that time. That's a superb gain.But can this top-retail stock double your money over the next 10 years? Continue reading to see if this roughly 7% annualized gain, which would be a marked slowdown from the past, is in the rea ...

Shares of this retail giant are currently well off their recent high.Since its initial public offering in 1981, Home Depot (HD 0.43%) has done a fantastic job of growing shareholders' capital. It has helped that the business has paid a dividend for a jaw-dropping 148 straight quarters, a mark of consistent success over many decades.Investors who want to add a dominant blue chip enterprise to their portfolios might be considering Home Depot. But before you buy the retail stock, here are three must-know facts ...

The home improvement company's sales continue to decline, but a recovery could be coming.Analysts at financial companies including HSBC, UBS, and TD Cowen have been lowering their price targets for Home Depot (HD -1.70%) following the company's recent quarterly report, and Evercore ISI is no exception. Its analyst lowered the price target on the stock to $390 from $420. Still, the exciting part is that he maintained an outperform rating on the stock, and the new target represents a 13% premium to the price ...

Oleg Kovtun/iStock Editorial via Getty Images Investment Thesis I last covered The Home Depot, Inc. (NYSE:HD) in May 2023 and the stock has given a good 23% return since then. Moving forward, the company is well-positioned to deliver revenue and margin growth. The company’s revenue should benefit from easing Average Unit Retail ('AUR') comparisons, normalizing demand patterns for SKUs like gardening and outdoor power equipment which saw pull forward demand during Covid, and strength in the company’s Pro ...

ATLANTA, May 16, 2024 /PRNewswire/ -- The Home Depot®, the world's largest home improvement retailer, today announced that its board of directors declared a first quarter cash dividend of $2.25 per share. The dividend is payable on June 13, 2024, to shareholders of record on the close of business on May 30, 2024. This is the 149th consecutive quarter the company has paid a cash dividend.The Home Depot is the world's largest home improvement specialty retailer. At the end of the first quarter of fiscal year ...

The retail sector is a critical component of the global economy, encompassing a wide array of businesses that sell goods and services directly to consumers. From large multinational chains to small independent shops, this sector includes both online and brick-and-mortar stores, offering products ranging from apparel and electronics to groceries and household items. The sector is highly responsive to economic cycles, with consumer spending being a key driver.Investing in retail stocks offers potential advant ...

GERMANY - 2024/02/17: In this photo illustration, The Procter & Gamble Company, P&G, logo seen ... [+] displayed on a tablet. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesWe believe that Home Depot stock (NYSE: HD) is currently a better pick over Procter & Gamble stock (NYSE: PG), given its better prospects. Although Home Depot is a consumer cyclical and P&G is a consumer defensive company, we compare them due to their similar operati ...

A prominent business leader and one of the Republican Party’s top donors didn’t mince words when reacting to President Biden’s now repeated, incorrect inflation claim. "Why do liars lie? Because they lie. That's why you call them a liar," former Home Depot co-founder and CEO Ken Langone said on "The Ingraham Angle" Tuesday."That's the most absurd remark in the world to say that inflation was 9% when he came in," he continued. "It was... 1.4%." In a recent interview with Yahoo! Finance, Biden touted his admi ...