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 Redi Carpet added multifamily flooring, while the recent tie-up with SRS will help grow professional demand.

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

As of September 27, 2024, HD stock price climbed to $399.53 with 2,104,085 million shares trading.

HD has a beta of 1.15, meaning it tends to be more sensitive to market movements. HD has a correlation of 0.39 to the broad based SPY ETF.

HD has a market cap of $396.85 billion. This is considered a Mega Cap stock.

Last quarter Home Depot reported $43 billion in Revenue and $4.67 earnings per share. This fell short of revenue expectation by $-205 million and exceeded earnings estimates by $.17.

In the last 3 years, HD 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 +35.0%, while SPY returned +35.8%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in HD shares. However, HD has outperformed the market in the last 3 month and 2 week periods, returning +17.5% and +6.7%, while SPY returned +5.1% and +2.5%, respectively. This indicates HD has been having a stronger performance recently.

HD support price is $391.60 and resistance is $401.80 (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.