Home Depot is the largest home improvement retailer in the U.S., listed on the NYSE under the symbol HD. With thousands of stores in North America, the company plays a major role in the global economy and stock market.

Home Depot stock is attractive due to its steady growth and strong business strategy.

High demand for home improvement products and digital innovations drive solid financial performance. With a rising dividend and good long-term prospects, Home Depot is an attractive investment choice.

Home Depot Stock Historical Data: Price Action Analysis

Home Depot stock has experienced various price movements over time, reflecting market conditions and company performance.

Here is a review of Home Depot’s historical stock data, price trends, and factors that influence its stock movements:

1. Introduction to Historical Stock Data

Historical stock data is a collection of information about a company’s stock price over a certain period. This data includes the opening price, closing price, trading volume, and daily and annual price ranges.

Investors use historical data to identify trends, volatility, and potential future price movements.

By analyzing historical data, investors can make more informed investment decisions, both for the short and long term.

2. Home Depot Stock Price Movement

Quoting the id.investing.com page, Home Depot Inc (HD) shares are traded on the NYSE in USD.

At the close on February 15, 2024, Home Depot’s stock price was at $409.50, down $2.93 (-0.71%) from the previous day. After hours trading, the stock price rose slightly to $410.09 (+0.14%).

Home Depot’s daily stock price range was between $408.56 and $418.00, reflecting volatility in intraday trading. Meanwhile, in the past year, Home Depot’s stock has moved in the range of $323.77 and $439.37.

Trading volume on the day was recorded at around 3,000,000 shares, slightly lower than the 3-month average volume of 3,090,000.

3. Stock Price Trend in Recent Years

In recent years, Home Depot’s stock has shown an upward trend with fairly stable fluctuations.

The change in stock price in the past year recorded a growth of 13.01%, indicating increasing investor confidence in the company.

Factors contributing to the stock price movement include Home Depot’s financial performance, retail industry prospects, and dividend policy that has continued to increase for 15 consecutive years.

Looking at the stock valuation, Home Depot’s P/E ratio is at 27.73, which shows how the current stock price compares to its earnings per share (EPS) of $14.76.

In addition, Home Depot has a very high return on equity, reaching 404.9%, with a gross profit margin of 33.5%.

The current target price for Home Depot shares is estimated at $431.64, with a potential upside of 5.41%.

Analyst sentiment towards this stock tends to be positive with a recommendation of “Buy” although investor sentiment still varies between optimistic and pessimistic.

Basically, Home Depot’s stock movement reflects strong fundamentals with stable growth prospects.

Investors looking for stocks with consistent dividends and solid financial performance may consider Home Depot as part of their investment portfolio.

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Home Depot Financial Report: Revenue, Earnings, and Future Outlook

Home Depot continues to show strong financial performance, making it one of the most respected home improvement retailers. Here is the latest report on its revenue, earnings, and future outlook.

1. Latest Earnings Report

Home Depot Inc. (HD) reported earnings per share (EPS) of 14.76. This figure reflects the company’s performance compared to analysts’ expectations, which have generally been forecasting steady growth for the retail giant.

The company’s revenue for the most recent quarter was $154.6 billion, demonstrating Home Depot’s fundamental strength despite the stock’s price fluctuations.

With solid EPS and strong revenue, the company remains a major player in the home improvement industry.

2. Home Depot Financial Performance Analysis

Home Depot has a market capitalization of $406.78 billion with 993,360,000 shares outstanding. The recorded net income was $14,610,000,000, while EBITDA reached $24,760,000,000.

The price-to-earnings (P/E) ratio is at 27.73, indicating the company’s valuation is relatively high compared to the industry average.

In terms of profitability, Home Depot’s gross profit margin is at 33.5%, with a return on assets (ROA) of 16.9% and an impressive return on equity (ROE) of 404.9%.

This shows that the company is able to manage capital very efficiently and provide high returns for shareholders.

When compared to market expectations, Home Depot still has the potential for an increase in stock price with a projected target price of $431.64, providing a potential increase of around 5.41% from the current price of $409.50.

Although market member sentiment tends to be mixed, analysts still provide a buy recommendation for this stock.

3. Future Outlook

Investors can expect stability in Home Depot’s performance in the coming quarters. The next earnings report is scheduled for February 25, 2025, which will be a key moment to assess the future direction of the business.

Here are some factors that could affect Home Depot’s stock performance that are important to know:

Consumer Trends: Demand for home improvement and renovation products could increase as consumption patterns change post-pandemic.

Dividend Policy: Home Depot has increased its dividend for 15 consecutive years, with a current dividend yield of 2.20%.
Macroeconomic Conditions: Inflation and interest rates can impact consumer purchasing power as well as the company’s operating costs.
Technical Analysis: With the RSI (Relative Strength Index) at 51.53, Home Depot’s stock is in neutral condition, indicating no extreme selling or buying pressure at the moment.

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Home Depot Stock Investment Tips for Beginners

Investing in Home Depot stock can be an interesting choice, especially for beginners who want to enter the stock market.

As one of the largest retailers in the US, Home Depot offers long-term growth potential, but still has risks that need to be considered. Here are some tips that can help you start investing in Home Depot stock:

1. Why Investing in Home Depot Stock Can Be a Smart Choice

Home Depot is one of the largest retail companies in the United States that focuses on household appliances and building materials.

As a leader in its industry, Home Depot has a wide network of stores, a solid business strategy, and stable revenue growth over time. These factors make its stock attractive to long-term investors.

Not only that, Home Depot is also known for having a consistent dividend policy, which makes it an attractive choice for those who want to earn passive income from stock investments.

With the growth of the home renovation sector continuing to increase, Home Depot has the potential to continue to grow in the future.

2. Understanding the Risks of Home Depot Stock Investment

Although Home Depot stock has good prospects, there are still some risks that investors need to be aware of. One of the main risks is dependence on economic conditions.

If there is an economic slowdown or recession, demand for Home Depot products could decrease, which would impact the company’s revenue.

In addition, competition in the retail sector, especially from e-commerce such as Amazon and Lowe’s, could be a challenge for Home Depot.

Rising operating costs, including labor wages and raw material prices, could also affect the company’s profitability. Therefore, it is important for investors to understand these factors before investing.

3. Strategy for Starting to Invest in Home Depot Stock

For beginners who want to invest in Home Depot stock, there are several steps that can be followed, including:

1.Research and Analysis

Before buying shares, make sure you understand the company’s fundamentals, including financial statements, business strategies, and trends in the retail industry.

1.Use a Trusted Investment Platform

Choose a safe stock platform or broker that offers access to the US stock market. Also, make sure the platform has competitive transaction costs.

1.Determine the Investment Amount

Start with an amount that suits your financial capabilities. If in doubt, you can use the dollar-cost averaging (DCA) strategy to buy stocks gradually.

1.Monitor Stock Performance

After investing, continue to monitor the company’s development and external factors that can affect stock prices.

1.Long-Term Investment

If your goal is to gain long-term profits, then don’t be too influenced by short-term price fluctuations. Focus on Home Depot’s business growth in the next few years.

Conclusion

So, that was an interesting discussion about The Home Depot, Inc. (HD) Stock: What Investors Should Know? which you can read in full at the Crypto Academy at INDODAX Academy. Not only does it increase your insight into investment, here you can also find the latest crypto news about the crypto world.

In addition, find the latest information about the most complete collection of crypto articles from Indodax Academy. In conclusion, Home Depot has proven itself as one of the largest retail companies in the US with stable stock performance in the long term.

In terms of historical data, its shares show strong growth, supported by increasing revenue and effective business strategies.

The company’s financial statements reflect consistent profitability, with an attractive dividend policy for long-term investors.

However, like other investments, Home Depot shares still have risks, especially related to macroeconomic conditions and competition in the retail sector.

However, with the right investment strategy, such as in-depth research, use of a trusted investment platform, and focus on the long term, investors can maximize the profit opportunities from this stock.

Considering Home Depot’s fundamentals, industry outlook, and business strategy, this stock could be an attractive choice for both novice and experienced investors looking for investments with the potential for long-term growth.

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FAQ

1.What is Home Depot and why is it important in the stock market?
A brief explanation of Home Depot and its important role in the stock market.

2.How do I read Home Depot’s historical stock data?
A guide to understanding the price chart and available historical data.

3.What does Home Depot’s announced earnings per share (EPS) mean?
An explanation of EPS and how it impacts stock prices.

4.How will Home Depot’s stock perform in the future?
Future projections based on current financial performance analysis.

5.Is Home Depot stock good for long-term investment?
Discussion on the long-term potential of Home Depot stock.