There could be more trouble ahead for the home improvement business.

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Platform helps jobseekers showcase their trades experience and connect with hiring trades professionals ATLANTA , Oct. 18, 2022 /PRNewswire/ — The Home Depot® launched a new jobseeker marketplace creat… In the latest trading session, Home Depot closed at $281.26, marking a +1.75% The Home Depot Incorporated stock move from the previous day. MarineMax’s fourth-quarter fiscal 2022 top line is likely to reflect significant geographic reach, product diversification and decent demand. Deckers’ second-quarter fiscal 2023 results are likely to reflect strength in the HOKA ONE ONE brand.

Learn about financial terms, types of investments, trading strategies, and more. High institutional ownership can be a signal of strong market trust in this company. In the past three months, Home Depot insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,301,279.00 in company The Home Depot Incorporated stock price today stock. For investors looking for safer counters to bet their hard-earned money on, dividend-paying stocks such as Kroger , Home Depot , Target and Big Lots are preferable options. There could be more trouble ahead for the home improvement business. The home improvement industry might be ground zero for investor worries about a potential recession ahead.

  • While finding safe stocks with the potential for monster gains isn’t always easy, we’ve found a few that could pay out well.
  • That’s a question many investors are asking themselves right now.
  • Home Depot pays a meaningful dividend of 2.82%, higher than the bottom 25% of all stocks that pay dividends.
  • The company trades at 16.83x forward earnings, 2x forward sales, and 14.42x forward cash low.
  • And when a stock’s fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward.

Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock’s fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.

Home Depot has received a 3.49% net impact score from Upright. Home Depot seems to create the most significant positive value in categories "Taxes", DotBig "Jobs", and "Meaning & joy". Home Depot pays a meaningful dividend of 2.82%, higher than the bottom 25% of all stocks that pay dividends.

MarketWatch

Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use DotBig please see Barchart’s disclaimer. MarketBeat All Access members have access to premium reports, best-in-class portfolio monitoring tools, and our latest stock picks.

Home Depot Stock Forecast

Only 49 people have added Home Depot to their MarketBeat watchlist in the last 30 days. This is a decrease of -43% compared to the previous 30 https://dotbig.com/markets/stocks/HD/ days. Only 110 people have searched for HD on MarketBeat in the last 30 days. This payout ratio is at a healthy, sustainable level, below 75%.

HD Company Calendar

Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. https://dotbig.com/ A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return.

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Sign-up to receive the latest news and ratings for Home Depot and its competitors with MarketBeat’s FREE daily newsletter. The P/E ratio of Home DotBig Depot is 16.93, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 29.35.

Rates are rising, people are increasingly returning to work, and the overall economy as well as the housing market continues to slow. Home Depot faces significantly more headwinds than tailwinds today.

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7,985 employees have rated Home Depot Chief Executive Officer Craig Menear on Glassdoor.com. Craig Menear has an approval rating of 84% among https://dotbig.com/markets/stocks/HD/ the company’s employees. The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 15th 2022.

View our full suite of financial calendars and market data tables, all for free. Real-time analyst ratings, insider transactions, earnings data, and more. Home Depot declared a quarterly dividend on Thursday, August 18th.

First, housing listings are now rising for the first time since 2019, and Realtor.com saw a 13% increase in new homes being listed in just in May. Demand for refinancing with rates up was also down 70% year-over-year, price cuts have been seen in over 10% of homes listed over the summer, and mortgage applications were down 16% year-over-year as well. A recent Fannie Mae survey The Home Depot Incorporated stock also showed 79% of people think now is not a good time to buy a new house. There are also other signs of a broader slowdown in the US economy. New home construction starts were down 9.6% over the summer, and homebuilder confidence turned negative in August. The personal savings rate is also now at just 3.5%, down significantly from the 9.5% pre-covid rate in 2019.

Edward is a freelance writer and film critic based in Atlanta, GA. He is a member of the African American Film Critics Association and the Atlanta Film Critics Circle. When he's not watching movies, you can find him cooking in the kitchen or tending his garden.

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