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Investor Insights

This summary was created by AI, based on 34 opinions in the last 12 months.

Home Depot (HD) is viewed positively by several experts, noting its strong brand reputation and potential for growth amid a recovering housing market. Analysts highlight that the company has solid long-term prospects driven by aging homes and a wave of millennial homebuyers. Despite recent challenges with high interest rates affecting housing, many observers believe that the upcoming interest rate cuts can ignite sales growth for HD. The company's recent acquisition of SRS is seen as a strategic move to expand its market presence, and experts express confidence in its ability to leverage e-commerce and improve customer experience. Though some analysts suggest caution due to the current valuation and consumer sentiment, the general outlook remains optimistic for Home Depot's future performance as the housing market stabilizes.

Consensus
Positive
Valuation
Fair Value
WEAK BUY

Housing has a long way to go, but was up in Q4. She will take any improvement. They have very easy comps. 

specialty stores
HOLD

It's a long-term monster he's owned forever. Remains profitable with capital efficiency. Ultimately, it needs to benefit from a home recovery and improvement spend, and that needs lower interest rates. He's patient.

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PAST TOP PICK
(A Top Pick Feb 06/24, Up 18%)

Still buying here. Purchase of SRS broadens its addressable market further. Getting better at e-commerce. Pursuing repair and maintenance segment.

specialty stores
HOLD

This and Lowe's are quality businesses that he's long owned. Healthy profits and capital efficiency. They will benefit if interest rates decline. Be patient.

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BUY ON WEAKNESS

It still doesn't sell at 30x PE. If the Fed cuts rates, this will earn more money than people think. Buy at $410-415.

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BUY

They report tomorrow. Lower interest rates will push sales, and the extreme weather is behind us.

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BUY

Is the top stock to buy in an interest rate cut cycle, which is happening. (The Fed will decide tomorrow.)

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BUY

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).

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DON'T BUY

It's too early to enter HD or Lowes, whose earnings will be lower this quarter than the last as their multiple hovers near historic highs. He needs to see more consumer activity here. He's on the sidelines.

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BUY

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.

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BUY

Two recent Florida hurricanes will be a tailwind for the homebuilders for the wrong reasons. The right reasons are all these new homebuyers in Millennials. The best catalyst are falling interest rates. 2% dividend has seen 10% dividend growth in the last 5 years, but shares are a little pricey now.

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WEAK BUY

Upgraded today, but lags the S&P this year and hasn't done anything in the past two, because rates were high and housing was soft. They had 7 straight quarters of negative same-store sales. So, comps are easy and profitability is strong. She still likes it, but it isn't cheap.

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WAIT

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.

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BUY

Is up 10% this year. Anything related to housing (and falling interest rates) is doing well. He expects a housing boom. So, HD could enjoy a catch-up rally.

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WATCH

The homebuilders and related stock ran up a lot ahead of Jay Powell's Jackson Hole speech last Friday when he announced rate cuts coming. Let this come down before buying. He's watching this because of lower rates coming.

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Home Depot(HD-N) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 20

Neutral - Hold Signals / Votes : 3

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 24

Stockchase rating for Home Depot is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Home Depot(HD-N) Frequently Asked Questions

What is Home Depot stock symbol?

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

Is Home Depot a buy or a sell?

In the last year, 24 stock analysts published opinions about HD-N. 20 analysts 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.

Is Home Depot a good investment or a top pick?

Home Depot was recommended as a Top Pick by on . Read the latest stock experts ratings for Home Depot.

Why is Home Depot stock dropping?

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.

Is Home Depot worth watching?

24 stock analysts on Stockchase covered Home Depot In the last year. It is a trending stock that is worth watching.

What is Home Depot stock price?

On 2025-02-18, Home Depot (HD-N) stock closed at a price of $403.31.