HD Stock Summary and Trading Ideas (Home Depot | NYSE:HD)

Home Depot is the world's largest home improvement specialty retailer, operating more than 2,300 warehouse-format stores offering more than 30,000 products in store and 1 million products online in the United States, Canada, and Mexico. Its stores offer numerous building materials, home improvement products, lawn and garden products, and decor products and provide various services, including home improvement installation services and tool and equipment rentals. The acquisition of distributor Interline Brands in 2015 allowed Home Depot to enter the maintenance, repair, and operations business, which has been expanded through the tie-up with HD Supply (2020). Moreover, the additions of the Company Store brought textile exposure to the lineup, while Redi Carpet added multifamily flooring.

Home Depot trades on the NYSE stock market under the symbol HD.

As of May 10, 2024, HD stock price declined to $346.43 with 3,017,366 million shares trading.

HD has a beta of 1.27, meaning it tends to be more sensitive to market movements. HD has a correlation of 0.54 to the broad based SPY ETF.

HD has a market cap of $344.79 billion. This is considered a Mega Cap stock.

Last quarter Home Depot reported $35 billion in Revenue and $2.82 earnings per share. This beat revenue expectation by $146 million and exceeded earnings estimates by $.05.

In the last 3 years, HD stock traded as high as $420.61 and as low as $264.51.

The top ETF exchange traded funds that HD belongs to (by Net Assets): VTI, VOO, SPY, IVV, VTV.

HD has underperformed the market in the last year with a return of +22.8%, while the SPY ETF gained +27.8%. In the last 3 month period, HD fell short of the market, returning -4.0%, while SPY returned +4.2%. However, in the most recent 2 weeks HD has outperformed the stock market by returning +3.4%, while SPY returned +2.5%.

HD support price is $342.96 and resistance is $351.92 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HD stock will trade within this expected range on the day.