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Experts have mixed opinions on Home Depot (HD) as it faces challenges due to weak consumer sentiment and interest rate concerns. Many analysts suggest waiting for a stronger housing recovery and lower interest rates before making significant investments. The company's recent acquisition of SRS and ongoing improvements in its e-commerce capabilities are seen as positive factors, potentially expanding its addressable market. Despite some analysts expressing caution due to high valuation relative to historical standards, others see long-term potential, especially if interest rates decline and housing demand picks up. Overall, there is a sense of optimism about HD's resilience and its ability to navigate market fluctuations.
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.
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.
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, 9 stock analysts published opinions about HD-N. 3 analysts recommended to BUY the stock. 3 analysts 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.
9 stock analysts on Stockchase covered Home Depot In the last year. It is a trending stock that is worth watching.
On 2025-04-24, Home Depot (HD-N) stock closed at a price of $359.
He wouldn't buy at this point, consumer is still very weak. YOY organic growth is negative. Still trades at a fairly hefty premium compared to the market and to its own historical levels. He'd wait till consumer and housing are stronger.