Home Depot(HD)
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3 Retail Stocks Taking a Surpringly Big Hit From Self-Checkout Theft
InvestorPlace· 2024-04-02 16:42
Self-checkout theft is a thorn in the side of almost all major retailers, resulting in over $100 billion in losses. Unless something drastic occurs, the amount will increase to over $140 billion by 2025 from $112.1 billion in 2022. However, some names are getting the brunt of it more than others.The three companies are established legacy players in the retail space. The first one is on its way to becoming a Dividend King. And the second one is a Dividend Aristocrat. The last pick is the biggest name in home ...
THE HOME DEPOT UNVEILS SEASONAL SAVINGS DURING SPRING BLACK FRIDAY EVENT
Prnewswire· 2024-04-02 12:00
ATLANTA, April 2, 2024 /PRNewswire-HISPANIC PR WIRE/-- The Home Depot is kicking off its Spring Black Friday, setting up customers to go from doing to done with month-long seasonal savings on products to make their homes warm-weather ready. From April 4 - 28, 2024, The Home Depot invites doers to discover and shop incredible discounts on a wide range of spring home improvement essentials, including plants, mulch, landscaping tools, grills, outdoor power equipment and more – prepping for an unforgettable sea ...
Home Depot Stock Has 10% Upside, According to 1 Wall Street Analyst
The Motley Fool· 2024-04-02 07:11
According to a Bank of America analyst, home improvement retailer Home Depot (HD -4.06%) stock has slightly more than 10% upside potential. The analyst retained a buy rating on the stock and raised the price target to $425 from $400 following the announcement to buy SRS Distribution for an enterprise value, or EV, (market cap plus net debt) of $18.25 billion.Home Depot's deal detailsLooking into the deal's details, SRS is a residential specialty trade distribution company focused on the professional roofing ...
Why Home Depot Stock Slipped Today
The Motley Fool· 2024-04-01 21:44
Shares of Home Depot (HD -4.06%) finished lower today as investors seemed to give a thumbs-down to its deal to buy SRS Distribution, a leading specialty-trade company that will help it expand its presence in the pro market.The stock closed down 4.1%. Home Depot makes a big moveHome Depot will acquire SRS Distribution for $18.25 billion, including debt, and will pay for the deal with cash on hand in debt.The move will expand Home Depot's addressable market by an estimated $50 billion, but the company said it ...
Blue-Chip Bulldozers: 7 Stock Giants to Plow Through a Wall of Worries
InvestorPlace· 2024-04-01 17:47
It’s an interesting time in the market, which may bode well for conservative ideas found among blue-chip stocks. Underlying this category are some of the strongest, most established businesses and brands in the world, making them ideal for addressing various anxieties.One of the biggest concerns centers on a recent outflow of funds from technology enterprises. In one week, this sector saw outflows amounting to $4.4 billion, a record tally. Further, investment-grade bonds saw significant inflows. Translation ...
1 Unstoppable Stock That Turned $1,000 Into $32 Million. Should You Buy It Right Now?
The Motley Fool· 2024-03-31 19:35
Investing in the stock market works best when people adopt a truly long-term mindset. With a time horizon measured in decades, as opposed to days or months, investors can take advantage of the magic of compounding.Historically, the S&P 500 has produced an average annual return of about 10%, including dividends. But there are some businesses that have absolutely crushed that gain.In fact, $1,000 invested in one top retail stock at its initial public offering (IPO) in September 1981 would be worth nearly $32 ...
Home Depot is acquiring specialty distributor SRS for $18.25 billion in huge bet on growing pro sales
CNBC· 2024-03-28 10:00
Home Depot on Thursday said it is acquiring SRS Distribution in a $18.25 billion deal, the latest and largest sign of its ambitions to drive sales by winning more business from contractors, roofers and other home professionals.The home improvement retailer expects the deal to close this fiscal year, which ends in late January. It said it will finance the deal through cash on hand and debt.Home Depot already draws half of its business from pros, while the other half comes from do-it-yourself customers. With ...
1 No-Brainer Dividend Stock to Buy Now With $100 and Hold Through 2024 (and Beyond)
The Motley Fool· 2024-03-22 12:45
Not every investor wants to own high-flying technology stocks. Some investors prefer a more conservative and stable approach when it comes to their stock market strategy, with the intention not necessarily being to take on the most risk to maximize returns.This is where dividend stocks can play a role. Businesses that pay dividends are typically industry leaders that report steady revenue and positive earnings regardless of the economic climate. They certainly have a place in some portfolios.If it's consist ...
Why Is Home Depot (HD) Up 5.6% Since Last Earnings Report?
Zacks Investment Research· 2024-03-21 16:36
It has been about a month since the last earnings report for Home Depot (HD) . Shares have added about 5.6% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Home Depot due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Home Depot Q4 Earnings & Sales Beat Estimates, Dip ...
The Home Depot to Present at the 10th Annual J.P. Morgan Retail Round-Up Conference
Prnewswire· 2024-03-21 12:00
ATLANTA, March 21, 2024 /PRNewswire/ -- The Home Depot®, the world's largest home improvement retailer, today announced that Richard McPhail, executive vice president and chief financial officer, will present at the 10th Annual J.P Morgan Retail Round-Up Conference. The presentation will begin at 9:00 a.m. ET on Thursday, April 4, 2024. The presentation will be webcast live at http://ir.homedepot.com/events-and-presentations. A link will be displayed under "Events and Presentations." The webcast will be arc ...