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Investor Insights

This summary was created by AI, based on 32 opinions in the last 12 months.

Experts have mixed opinions on the stock of Home Depot (HD-N), with some predicting a potential sales boost due to lower interest rates and favorable weather conditions, while others express caution due to high valuation and consumer activity. The company is considered to have a strong competitive advantage, with potential for growth in a variety of economic conditions. Overall, the stock is seen as having long-term potential but may require careful monitoring.

Consensus
Mixed
Valuation
Fair Value
Similar
Lowe's, LOW-N
BUY
Home Depot

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

specialty stores
BUY
Home Depot

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

specialty stores
BUY
Home Depot

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).

specialty stores
DON'T BUY
Home Depot

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.

specialty stores
BUY
Home Depot

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.

specialty stores
BUY
Home Depot

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.

specialty stores
WEAK BUY
Home Depot

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.

specialty stores
WAIT
Home Depot

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.

specialty stores
BUY
Home Depot

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.

specialty stores
WATCH
Home Depot

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.

specialty stores
BUY ON WEAKNESS
Home Depot

Sales growth not growing. Hard to justify investing at this time. Lower interest rates good for business. Waiting for valuation to bottom out before investing. Strong business with good brand name. 

specialty stores
TOP PICK
Home Depot

Aggressive pursuit of pro consumer and 1-stop shopping proposition is helping take share, not only from LOW, but also from general suppliers. Acquisition of SRS takes them into pools, roofing, landscaping; expands its addressable market opportunity. Yield is 2.4%.

Core competitive advantages include expertly knowledgeable floor staff and expanded e-commerce and omnichannel capabilities. 17% compound growth rate over the last decade, bolstered by big share buybacks from time to time. Still 12% off 2021 peak. Trades at 24x earnings. Good combo of value and growth.

(Analysts’ price target is $373.65)
specialty stores
TOP PICK
Home Depot

The home improvers thrived during the pandemic, then the consumer pivoted to services. Now, this has normalized and as interest rates declined, hone projects will pick up. These type of retailers tend to improve before 1-2 quarters before the Fed cuts then keep doing well. HD has done helpful acquisitions and it focuses on their pro customers. Two tailwinds. It pays a 2.5% dividend, which they never cut.

(Analysts’ price target is $373.32)
specialty stores
BUY
Home Depot

Wasn't a great quarter, but gross margins beat though the topline was soft. We've seen a bottom, so it's time to get it.

specialty stores
PARTIAL BUY
Home Depot

Leg into this slowly. Expect a few more challenging quarters, while their PE is a little high. Even rate cuts won't trigger a bounce in the housing market. In the US, the mortgage rate has fallen from 7% to 6.5%, but the 30-year mortgage is under 4%. A better leading indicator is the price of lumber.

specialty stores
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Home Depot(HD-N) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 19

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 21

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, 21 stock analysts published opinions about HD-N. 19 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?

21 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 2024-12-03, Home Depot (HD-N) stock closed at a price of $426.39.