This summary was created by AI, based on 33 opinions in the last 12 months.
Home Depot (HD) is currently facing a challenging environment due to higher interest rates and a slowdown in housing turnover, resulting in a -7.74% decline over the past month. Many experts anticipate a soft quarter, but express optimism regarding potential future rebounds, particularly benefiting from rebuilding efforts in areas affected by disasters like hurricanes and wildfires. The company has a strong history of gaining market share during downturns, with some emphasizing its long-term growth potential driven by an aging housing stock and increased repair and maintenance demand. While some analysts recommend a cautious approach due to high-price earnings ratios and lingering consumer weakness, several highlight the company's strong dividends and the takeovers aimed at expanding its market reach as positive indicators for the future. Overall, HD is viewed as a quality stock, but sentiments vary regarding the timing for investment, with many opting to wait for clearer signals of consumer recovery or further price corrections before buying more shares.
Is both a cyclical and secular growth story and can ride any cycle. It can grown in any environment, and not held hostage to interest rates. It benefits from aging homes (that need repairs), Millennials want to own homes and will spend at HD, and the new home shortage which need pro contractors to build them (who spend at HD).
A decade-long theme, not short term is in housing, if interest rates fall from 6.7% to 5.5% (likely in 2025). She prefers Home Depot in this space, since competitor LL Flooring went bankrupt, and HD has easy comparisons. They had 7-straight quarters of negative comps, but will snap that. She expects better gross margins.
He sold Home Depot to buy Lowes, because it trades at a lower PE and they execute as well. Managers here used to run HD and apply the same playbook at Lowes. Operating margins in the last 10 years have almost doubled. He exited both stocks given higher PEs and weakening consumers. Would like to re-enter later.
Home Depot is a American stock, trading under the symbol HD-N on the New York Stock Exchange (HD). It is usually referred to as NYSE:HD or HD-N
In the last year, 3 stock analysts published opinions about HD-N. 1 analyst recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Home Depot.
Home Depot was recommended as a Top Pick by on . Read the latest stock experts ratings for Home Depot.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
3 stock analysts on Stockchase covered Home Depot In the last year. It is a trending stock that is worth watching.
On 2025-04-03, Home Depot (HD-N) stock closed at a price of $355.91.
Interest rates cuts are stalling, so shares are -7.74% the past month; housing turnover and the weather have been bad. Tool sales are down. It reports tomorrow, but he will buy after that report. He has faith, because when the street was shorting this in 2008's housing crisis, HD gained market share and bought back a ton of shares.