Latest news with #NYSEHD
Yahoo
4 days ago
- Business
- Yahoo
Why The Home Depot (HD) Remains a Reliable Dividend Pick in the Dogs of the Dow
The Home Depot, Inc. (NYSE:HD) is included among the 11 Dogs of the Dow Dividend Stocks to Buy Now. An insurance broker discussing policy options with a homeowner. The company is facing challenges expanding its business amid a tough economic climate marked by elevated interest rates and growing caution among consumers when it comes to major purchases. Still, several positive trends could work in the company's favor. Housing inventory in the US remains tight compared to demand, and the average home is aging. In addition, homeowners have access to trillions of dollars in home equity that could be used for remodeling and improvements. As economic conditions stabilize or improve, Home Depot is likely to benefit from stronger demand. In the first quarter of 2025, The Home Depot, Inc. (NYSE:HD) reported revenue of $39.86 billion, up 9.44% from the same period last year. Comparable sales declined by 0.3%, while US comparable sales saw a slight increase of 0.2%. The company noted that fluctuations in foreign exchange rates had a negative effect, reducing overall comparable sales by about 70 basis points. The Home Depot, Inc. (NYSE:HD) reported an operating cash flow of $4.3 billion and ended the quarter with $1.4 billion in cash and cash equivalents. The company is a reliable dividend payer with 16 consecutive years of dividend growth under its belt. Currently, it offers a quarterly dividend of $2.30 per share for a dividend yield of 2.45%, as of July 26. While we acknowledge the potential of HD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-06-2025
- Business
- Yahoo
TD Cowen Reaffirms Home Depot (HD) Rating, Target on the Possibility of GMS Acquisition
The Home Depot, Inc. (NYSE:HD) is one of the 12 stocks that will make you rich in 10 years. On June 23, TD Cowen reaffirmed its 'Buy' rating on Home Depot's stock. The firm also kept the $470.00 price target. This decision followed reports of the company's potential acquisition of GMS Inc. (NYSE:GMS), a specialty distributor of building products. ThreeRivers11 / Reports indicate that Home Depot submitted a competing offer to acquire GMS following an initial bid by QXO. According to TD Cowen, the potential GMS acquisition aligns with Home Depot's strategy to expand its presence in the professional contractor market. The firm noted that Home Depot has done well in previous acquisition attempts. For instance, while the market initially viewed the SRS acquisition skeptically, it has proven 'very successful,' demonstrating Home Depot's ability to integrate and grow acquired businesses. Nevertheless, TD Cowen expressed a neutral stance on the GMS bid, stating that it would move Home Depot further from its core single-family residential professional business. This could add operational complexity and dilute margins at a price described as 'not cheap.' The acquisition could also delay Home Depot's share buyback program. The Home Depot, Inc. (NYSE:HD) is the largest home improvement retailer in the U.S. It sells building materials, home improvement products, lawn and garden supplies, and offers installation and tool rental services. Its key product categories include building materials, décor, and hardlines like tools and appliances. While we acknowledge the potential of HD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None.
Yahoo
24-05-2025
- Business
- Yahoo
Wells Fargo reiterates Buy Rating on Home Depot (HD)
Reaffirming his positive view, Wells Fargo analyst Zachary Fadem kept a Buy rating on The Home Depot Inc. (NYSE:HD) shares on May 21. After stronger Q1 2025 results, the analyst became more confident that the company would achieve its guidance for 2025, especially after the management mentioned that the sales momentum from the last two months continued in the second quarter. Management also noted that the worst is behind regarding economic headwinds, and they do not expect broad price increases from tariffs. The company's better-than-expected comparable sales and growing online sales encouraged the analyst. Home Depot reported Q1 2025 sales of $39.9 billion (+9.4% year-over-year), which matched expectations, but adjusted EPS of $3.56 modestly missed consensus. Comparable sales in the quarter decreased 0.3%. On a positive note, Home Depot reiterated its guidance of total sales growth of around 2.8% and comparable sales growth of around 1%, indicating consumer spending is still holding up well. However, consumers are deferring larger projects as interest rates remain high and prefer taking up smaller projects. The company also expects that, within a year, no country outside the United States will account for over 10% of its total purchases, thus diversifying its supply chain. Overall, the analyst believes that Home Depot has several levers, such as pricing, inventory, and supply chain management, which should support earnings growth. As a result, he reiterated his Buy rating. The Home Depot Inc. (NYSE:HD) is a home improvement retailer that offers a wide range of building materials, home improvement, lawn, and garden products, DIY ideas, installation, repair, and other services. While we acknowledge the potential of HD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than HD and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
