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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.
Last September, he sold and took profits. Shares are trading ~24x forward PE, for 5% EPS growth. Valuation's expensive. EPS growth rate expectations have come down. Cautious spending by consumers, stock's slipped below 200-day MA. Long-term inflation is dampening the DIYers, sluggish home sales. A name to own early economic cycle, and we're about mid-way through now.
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).
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, 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.
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.
24 stock analysts on Stockchase covered Home Depot In the last year. It is a trending stock that is worth watching.
On 2025-06-05, Home Depot (HD-N) stock closed at a price of $369.28.
When interest rates stay stable this will be fine. Also gardening season is coming along. However, people look at the weak housing starts and don't buy HD. Don't be constrained by that.