In the latest trading session, Home Depot (HD) closed at $342.20, marking a +1.15% move from the previous day. The stock's change was more than the S&P 500's daily gain of 0.16%. Elsewhere, the Dow saw an upswing of 0.04%, while the tech-heavy Nasdaq appreciated by 0.49%.Shares of the home-improvement retailer witnessed a gain of 2.93% over the previous month, beating the performance of the Retail-Wholesale sector with its gain of 2.04% and underperforming the S&P 500's gain of 3.22%.Investors will be eager ...

Grants will fund the construction of more than 300 new units of housing ATLANTA, June 24, 2024 /PRNewswire/ -- The Home Depot Foundation is investing $9 million to provide housing solutions for over 3,400 veterans battling homelessness. This funding will support the construction of more than 300 new housing units and the repair of nearly 200 additional units, bringing much-needed stability and comfort to veterans across the nation. Over the past decade, the number of homeless veterans has decreased by 55%, ...

Industry Overview - The home improvement industry is currently facing challenges due to inflation and high interest rates, which are affecting consumer budgets and delaying big-ticket discretionary purchases [1] - As inflation and rates stabilize, there is potential for increased homeowner spending on improvement projects, particularly among Baby Boomers looking to remodel [1] - A favorable macroeconomic environment could emerge if interest rates are cut in the second half of 2024, potentially leading to a new cycle in home improvement spending [1] Home Depot (HD) - Home Depot is a well-managed retail company and a significant player in the Dow Jones Industrial Average, but its stock has only increased by over 2% year-to-date and is down approximately 15% from its all-time highs in late 2021 [2] - Despite effective cost management, HD stock remains sensitive to cyclical market fluctuations, but there is optimism for a recovery as lower rates may boost discretionary spending [2] - The recent acquisition of SRS Distribution could enhance Home Depot's professional business segment [2] Sherwin-Williams (SHW) - Sherwin-Williams has experienced a stock correction of over 13% after reaching near all-time highs, presenting a buying opportunity for investors ahead of a potential increase in home improvement activity [5] - Paint jobs are generally more budget-friendly compared to larger remodels, making them more accessible for consumers, especially as interest rates begin to decline [5] - Analyst Aleksey Yefremov believes Sherwin-Williams possesses strong pricing power in the coatings market, with a price target of $400, indicating over 33% upside potential [6] Lowe's (LOW) - Lowe's is considered a valuable investment option in the home improvement sector, currently trading at 18.2 times trailing P/E, which is lower than Home Depot's valuation [7] - The company is exploring mixed reality technology to enhance customer experience by allowing them to visualize home changes before making purchases [7] - Although a prominent investor has reduced their stake, there is potential for growth as the market anticipates the Federal Reserve's first rate cut [7]

The home improvement industry has long been a witness to the tussle between the market duopoly — The Home Depot Inc. (HD) and Lowe’s Companies Inc. (LOW) . Having dominated the U.S. home improvement market for long, Home Depot and Lowe’s have time and again been in competition with each other for the top spot.Given the situation, choosing between these companies has always turned out to be daunting for investors. While these two big names have impressed investors with stability and growth, picking one stock ...

M. SuhailWhen it comes to the Power of Compounding, there are not many better examples of there than The Home Depot (NYSE:HD). HD has been a compounding darling for years, and what I mean by that is the fact that they have provided not only solid dividend growth over the years, but separate from the dividend, they have provided great share price appreciation. However, over the past few years, HD shares have well underperformed the S&P 500 (SPY) by a decent margin. yChartsLooking at the performance char ...

Acquisition Details - Home Depot has completed the acquisition of SRS Distribution for an enterprise value of $18.25 billion, including net debt, funded through cash and debt [1] - This acquisition is expected to expand Home Depot's total addressable market (TAM) to $1 trillion, an increase of $50 billion [1] Strategic Growth Initiatives - Home Depot is executing its "One Home Depot" investment plan, focusing on supply-chain facilities, technology investments, and enhancing the digital experience [3] - The interconnected retail strategy has consistently boosted web traffic over the past few quarters [3] Performance of Pro Segment - The Pro segment has been a key growth driver, with robust sales growth observed over the past several quarters [4] - In Q1 fiscal 2024, Pro and DIY sales were nearly aligned, with Pro backlogs remaining healthy compared to historical trends [5] - The company is investing in Pro capabilities, including enhanced fulfillment and personalized online experiences, to deepen engagement with Pro customers [5] Market Reaction - Following the announcement of the SRS Distribution acquisition, Home Depot's shares rose by 1.3% [2] - Year-to-date, Home Depot's shares have rallied 17.4%, outperforming the industry growth of 11.3% [2]

ATLANTA, June 18, 2024 /PRNewswire/ -- The Home Depot®, the world's largest home improvement retailer, has completed the acquisition of SRS Distribution, Inc. ("SRS") for a total enterprise value of approximately $18.25 billion. SRS is a leading residential specialty trade distribution company across several verticals serving the professional roofer, landscaper and pool contractor. The agreement to acquire SRS was announced on March 28, 2024. "SRS is an excellent fit for The Home Depot – it's both complemen ...

You don't need to follow the market's hot trends -- but if you do, choose some safe stocks to balance them out.If you can imagine buying a stock and holding it for 30 years, you're ahead of the game. By following that kind of investing philosophy, you give yourself a good chance of beating the market and perhaps becoming a millionaire. At the very least, you're likely to retire much richer than you are today.There's no way to know for sure what will happen to any specific investment, but if you do your due ...

Can Home Depot still deliver returns for investors?Home Depot (HD -0.30%) has succeeded by becoming a go-to supplier for construction, repair, and remodeling projects for individuals and businesses. Founders Stanley Marcus and Arthur Blank succeeded by bringing together home improvement-related needs, such as lumber, plumbing, electrical, flooring, and other product lines under one roof.Over time, this approach made it the world's largest home improvement retailer. However, growth has slowed in recent years ...

Home Depot stock is a staple in many portfolios, so let's see where it stands in a challenging macroenvironment.The housing market has cooled, along with Home Depot's (HD -0.30%) stock, but the world's largest home improvement retailer is preparing to complete an $18.25 billion acquisition of SRS Distribution, a building products wholesale distributor, to bolster its future growth.As Home Depot shareholders wait for the deal to go through and the housing cycle to turn around, the company will continue to pa ...