Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Home Depot. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

With a market capitalization of $345 billion and trailing-12-month revenue of $154 billion, Home Depot (HD -0.23%) is a business that just about every investor is familiar with these days. Through its network of more than 2,000 stores in the U.S., the company sells various home improvement products and supplies.Yet, for all of Home Depot's growth, many investors may not appreciate a specific trait that might just be the key to this top retail stock and its success. Let's take a closer look at what makes Hom ...

Shares of Home Depot Inc. rallied Wednesday, after Wedbush turned bullish on the home improvement retailer, citing the belief that housing-market fundamentals are bottoming.Analyst Seth Basham raised his rating on Home Depot’s stock to outperform, after being at neutral for at least the past two years. He bumped up his stock price target by 15%, to $380 from $330.The stock HD, -0.50% climbed 1.1% toward a three-week high in premarket trading. It has run up 15.7% over the past three months through Tuesday, w ...

The future looks bright for Home Depot, one Wall Street team argued as they lifted their rating on shares of the home-improvement retailer. ...

In the latest market close, Home Depot (HD) reached $347.93, with a +1.46% movement compared to the previous day. The stock's change was more than the S&P 500's daily gain of 1.41%. Elsewhere, the Dow gained 0.58%, while the tech-heavy Nasdaq added 2.2%.The home-improvement retailer's stock has climbed by 5.04% in the past month, exceeding the Retail-Wholesale sector's gain of 2.51% and the S&P 500's gain of 2.9%.Market participants will be closely following the financial results of Home Depot in its upcomi ...

Home Depot Inc (NYSE: HD) has already gained over 20% since late October but a Wells Fargo analyst is convinced it can push further up in the coming months.Home Depot stock has upside to $385Copy link to sectionZachary Fadem named the home improvement retailer a “top pick” for 2024 in his research note on Thursday. His $385 price objective suggests about a 13% upside from here. The analyst is bullish on Home Depot stock as it has “growth/recovery levers, margin recapture, and idiosyncratic Pro opportunity”. ...

Throughout 2023, brick-and-mortar stores went to war with retail theft. According to the National Retail Federation (NRF), organized crime is a $100 billion problem, with cities like San Francisco, Houston, New York City and Seattle bearing the brunt of losses. But heading into the new year, former Home Depot and Chrysler CEO Bob Nardelli warned big-box retail chains and small businesses are likely to see more items stolen off shelves in 2024, and as a result, continue locking products up."Unfortunately, I ...

Justin Sullivan Home Depot (NYSE:HD) reported a -3.1% same-store sales growth in Q3 FY23, slightly surpassing the market consensus. Management suggests this year is a period of moderation, with promotional discounting activities becoming more rational. Since my initiation of coverage, the stock price has risen by 18%. I am reiterating a 'Buy' rating with a fair value of $360 per share. Quarterly Result and Outlook During Q3 FY23, comparable sales witnessed a year-over-year decrease of 3.1%, attributed to a ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 29, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-8207 THE HOME DEPOT, INC. (Exact name of registrant as specified in its charter) Delaware 95-3261426 (State or other jurisdicti ...

Financial Data and Key Metrics Changes - Total sales for Q3 2023 were $37.7 billion, a decrease of 3% from the same period last year [5][22] - Comp sales declined by 3.1%, with U.S. stores experiencing negative comps of 3.5% [5][22] - Diluted earnings per share were $3.81, down from $4.24 in Q3 2022, representing a 10.1% decrease [5][23] - Gross margin was 33.8%, a decrease of approximately 20 basis points from the previous year [22][23] - Operating margin for Q3 was 14.3%, compared to 15.8% in Q3 2022 [23] - Merchandise inventories were $22.8 billion, down $2.9 billion or 11% compared to Q3 2022 [24] Business Line Data and Key Metrics Changes - The Building Materials department posted positive comps, while 7 of the remaining 13 merchandising departments exceeded the company average [16] - Comp transactions decreased by 2.7%, and comp average ticket decreased by 0.3% [17] - Big-ticket comp transactions (over $1,000) were down 5.2%, with strength noted in Pro-heavy categories like roofing and insulation [17][18] Market Data and Key Metrics Changes - In local currency, Mexico and Canada posted comps above the company average [22] - Online sales leveraging digital platforms increased approximately 5% compared to Q3 2022 [18] Company Strategy and Development Direction - The company is focused on creating a frictionless interconnected shopping experience and investing in digital capabilities [6][7] - There is a strong emphasis on capturing a greater share of the Pro market, which represents a $475 billion addressable market [10][12] - The organizational structure has been evolved to better serve Pro customers, enhancing the alignment between outside sales and service [8][10] Management's Comments on Operating Environment and Future Outlook - Management noted a period of moderation in the home improvement market, with expectations for sales and comp sales to decline between 3% and 4% for fiscal 2023 [6][25] - The company remains confident in its ability to navigate the current environment and is committed to investing in strategic initiatives [6][25] - Management highlighted the importance of improving operational efficiencies and driving productivity to meet customer needs [25][26] Other Important Information - The company has committed to investing $750 million in veterans' causes by 2030, surpassing its previous goal of $500 million [9] - The company opened 7 new stores, bringing the total store count to 2,333 [23] Q&A Session All Questions and Answers Question: Thoughts on the performance gap between DIY and Pro customers - Management noted that the performance gap between Pro and consumer has narrowed, with both performing reasonably well [28] Question: Conditions for potential margin expansion in 2024 - Margin expansion is largely dependent on top-line growth, with a $500 million cost buffer in place for 2024 [34][35] Question: Observations on customer purchasing patterns - Management indicated that customer purchasing patterns have remained consistent throughout the quarter, with no significant shifts noted [39] Question: Insights on gross margin decline - The decline in gross margin was attributed to timing differences and the settling of prices in the market [44][46] Question: Strategies to spur demand for big-ticket items - The primary focus is on the complex Pro market, which represents a significant growth opportunity [63] Question: Commentary on sales trends early in fiscal Q4 - Performance in the first two weeks of Q4 is on track to meet full-year guidance [65]