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 ...

Core Insights - Home Depot Inc. reported first-quarter fiscal 2024 results with earnings exceeding estimates but sales falling short, reflecting a year-over-year decline in both metrics [1][3] - The company's performance was affected by a delayed spring season and reduced demand for larger discretionary projects, although it maintained confidence in its business initiatives and market share expansion [1][2] Financial Performance - Earnings per share were $3.63, down 5% from $3.82 in the previous year, but above the Zacks Consensus Estimate of $3.61 [3] - Net sales decreased by 2.3% to $36,418 million from $37,257 million year-over-year, missing the Zacks Consensus Estimate of $36,654 million [3] - Comparable sales fell by 2.8%, with a 3.2% decline in the U.S. due to reduced customer transactions and average ticket sizes [3][4] - Gross profit decreased by 1% year-over-year to $12,433 million, while gross margin improved by 40 basis points to 34.1% [4] - Operating income fell by 8.5% to $5,079 million, with operating margin contracting by 100 basis points to 13.9% due to higher SG&A expenses [4] Operational Metrics - SG&A expenses rose by 4.9% to $6,667 million, increasing as a percentage of sales by 120 basis points to 18.3% [4] - Customer transactions declined by 1% year-over-year, and average ticket size decreased by 1.3% [3][4] Cash and Debt Position - At the end of the first quarter, Home Depot had cash and cash equivalents of $4,264 million and long-term debt of $42,060 million [5] - The company generated $5,497 million in net cash from operations during the first three months of fiscal 2024 [5] Fiscal 2024 Outlook - Management retained its fiscal 2024 forecast, expecting a 1% increase in sales year-over-year, including $2.3 billion from an additional 53rd week [6] - Comparable sales are anticipated to decline by 1% for the 52-week period, with plans to open 12 new stores [6] - Gross margin is expected to be 33.9%, and operating margin is projected at 14.1% for fiscal 2024 [6] - The effective tax rate is estimated at 24.5%, with interest expenses likely to be $1.8 billion [6] - Earnings per share are expected to increase by 1% year-over-year, with the 53rd week contributing 30 cents per share [6]