It has been about a month since the last earnings report for Home Depot (HD) . Shares have lost about 1.3% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Home Depot due for a breakout? 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 catalysts. Home Depot Q1 Earnings Surpass, Sales Miss Estim ...

Investors can expect this dominant retailer to maintain its industry-leading position.In the past five years, shares of Home Depot (HD 2.51%) produced a total return of 90%. This is a respectable gain. However, it lagged the 102% total return of the S&P 500. It doesn't help that Home Depot currently trades 20% below its peak price.Investors are probably wondering what the future holds. Where will this top retail stock be in five years? Let's seek to find out.Getting back to growthDuring its fiscal 2024's fi ...

Investment Rating - The report assigns a "Neutral" rating for The Home Depot (HD.N) [1] Core Views - The Home Depot is the leading home improvement retailer in the U.S., with a significant focus on the MRO (Maintenance, Repair, and Operations) business, which is expected to open new growth opportunities and synergize with its PRO (Professional) business [3][30] - The MRO business is still in its early stages, with estimated revenues of approximately $6 billion, representing a low single-digit percentage of the company's overall revenue [3][30] - The company anticipates a potential market space exceeding $100 billion for MRO, with the overall home improvement retail market stabilizing around $500 billion [3][30] Summary by Sections Company Overview - The Home Depot operates over 2,300 large hardware stores across the U.S., Canada, and Mexico, providing a wide range of building materials, home improvement products, and MRO products [10][12] - More than 90% of the company's revenue comes from the U.S., with its main product lines being building materials, decorative materials, and tools, contributing 37%, 33%, and 30% of revenue respectively in 2023 [12][16] MRO Business Growth - The MRO business is expected to enhance the company's growth potential and better develop the PRO business, creating a unique B2B platform [3][30] - The MRO market is highly fragmented, and The Home Depot's established retail and PRO business provides a competitive edge over smaller regional distributors [39][41] Financial Forecast and Valuation - The report forecasts revenue growth for FY2024-2026 at 1.0%, 1.9%, and 2.5%, reaching $154.2 billion, $157.1 billion, and $160.9 billion respectively [46][48] - Net profit is projected to decline by 8.03% in FY2024, followed by increases of 13.67% and 3.27% in FY2025 and FY2026, reaching $15.7 billion, $17.8 billion, and $18.5 billion respectively [46][48] - Corresponding EPS is expected to be $15.9, $18.0, and $18.6, with P/E ratios of 21.0, 18.5, and 17.9 for the respective years [46][48]

New efforts focus on preparing hard-to-reach communities ATLANTA, June 4, 2024 /PRNewswire/ -- As hurricane season begins, The Home Depot Foundation granted more than $6 million to help national and local nonprofit organizations prepare for immediate response and long-term recovery efforts in communities across the country. New grants look to equip response organizations in hard-to-reach areas with supplies and equipment necessary for timely disaster response. For example, The Home Depot Foundation is part ...

The home improvement industry is a large and growing opportunity, with Home Depot and Lowe's at the top.Fool.com contributor Parkev Tatevosian compares Home Depot (HD -1.03%) and Lowe's (LOW -1.19%) to determine the better dividend stock to buy for passive income investors. *Stock prices used were the afternoon prices of May 30, 2024. The video was published on June 1, 2024. ...

Matt Carey to Retire from The Home Depot After 16 Years of Service ATLANTA, May 30, 2024 /PRNewswire/ -- The Home Depot®, the world's largest home improvement retailer, appointed Jordan Broggi as executive vice president (EVP) of customer experience and president of online, effective June 3, 2024. In the role of EVP of customer experience, he will be responsible for leading the vision, design, and development of new and innovative solutions to drive a seamless experience for the millions of customers who tu ...

Results and guidance indicate consumers are under pressure.2024 has been a great year for the S&P 500 and Nasdaq Composite. But home improvement behemoths The Home Depot (HD -0.55%) and Lowe's Companies (LOW -1.04%) are down on the year after reporting weak guidance.Here's what's challenging both companies and whether either dividend stock is a buy now. A tough road aheadExpectations were low heading into recent reports by Home Depot and Lowe's. Home Depot has an extra week in its current reporting year. On ...

These companies have a clear path forward for decades of dividend growth.A company's ability to provide passive income for a lifetime is based on earnings growth, not what the dividend is today.A common mistake investors will make is focusing too much on the current yield of a stock, which could fall if the stock price has done well, even if dividend raises have been consistent.Here's why these three fool.com contributors think The Home Depot (HD -0.55%), York Water Company (YORW -0.41%), and Walmart (WMT 0 ...

The Home Depot, Inc. (HD) has been making strategic moves to enrich the customer experience. The company has been experiencing benefits of the execution of the “One Home Depot” investment plan, which focuses on expanding supply-chain facilities, technology investments and enhancing the digital experience.In the latest developments, the company partnered with Instacart, a renowned grocery technology company in North America, to provide same-day delivery from its 2000 stores. Consumers can now order from a br ...

The U.S. retail sector, recognized as the world’s largest, has demonstrated remarkable resilience. It expanded by nearly 20% in 2021 with strong growth continuing into 2022. This surge, fueled by $800 billion in stimulus checks and additional programs, presents attractive investment opportunities in retail stocks. And, it highlights the sector’s robust potential for continued profitability.Despite the volatile environment marked by a 40-year inflation high in June 2022 and 11 Federal Reserve rate hikes by J ...