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 US, 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 Interline Brands in 2015 allowed Home Depot to enter the MRO business, which has been expanded through the tie-up with HD Supply (2020). The additions of the Company Store brought textiles to the lineup, and the recent tie-up with SRS will help grow professional demand in roofing, pool and landscaping projects.

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

As of December 4, 2024, HD stock price declined to $427.51 with 813,934 million shares trading.

HD has a beta of 1.02, meaning it tends to be more sensitive to market movements. HD has a correlation of 0.30 to the broad based SPY ETF.

HD has a market cap of $424.64 billion. This is considered a Mega Cap stock.

Last quarter Home Depot reported $40 billion in Revenue and $3.78 earnings per share. This beat revenue expectation by $1 billion and exceeded earnings estimates by $.14.

In the last 3 years, HD traded as high as $439.37 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 outperformed the market in the last year with a price return of +36.6% while the SPY ETF gained +33.7%. HD has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +17.8% and +5.6%, respectively, while the SPY returned +10.2% and +2.8%, respectively.

HD support price is $423.25 and resistance is $435.45 (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 shares will trade within this expected range on the day.