Home Depot, Inc. (NYSE:HD) traded at $361.42 at close of the session on Tuesday, April 09, made a downward move of -0.17% on its previous day’s price.
Looking at the stock we see that its previous close was $362.05 and the beta (5Y monthly) reads 0.98 . The company has a trailing 12-month PE ratio of 23.93. In terms of its 52-week price range, HD has a high of $396.87 and a low of $274.26. The company’s stock has lost about -3.20% over that past 30 days.
Home Depot, Inc. has a market cap of $358.17 billion and is expected to release its quarterly earnings report on May 14, 2024. With its Forward Dividend at 8.52 and a yield of 2.36%, the company’s investors could be anxious for the HD stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $3.6, with the EPS growth for the year raised at $15.36 for 2025 and $16.47 for next year. These figures represent 1.70% and 7.20% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $36.67 billion, with a low of $36.03 billion and a high of $37.09 billion. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2025 is expected to hit $154.4 billion, or 1.10% up from figures reported last year.
There have been 2 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the HD stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Looking further, we note that the PEG ratio for the HD stock currently stands at 5.57, and the current price level is -3.57% off its SMA20 and -2.25% from its 50-day simple moving average. The RSI (14) is pointing at 40.96 while the volatility over the past week is 1.45% and jumps to 1.73% over the past one month. The beta value is 0.99, while the average true range (ATR) is currently pointing at 6.49.
Coming back to Home Depot, Inc. (NYSE:HD), we note that the average 3-month trading volume was 3.29 million, while that of the preceding 10-day period stands at 3.77 million. Current shares outstanding are 992.00 million.
The insiders hold 0.25% of the company’s shares while institutions hold 72.49%. The data shows that short shares as of Mar 15, 2024, stood at 10.41 million at a short ratio of 3.06. This represents a 1.05% short interest in shares outstanding on Mar 15, 2024. Shares short fall in March from the previous month at 10.92 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 4.29% up in year-to-date price movement.
