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The Home Depot Inc. (HD) live price

Discover historical price data for The Home Depot Inc stocks and take your profit on price changes.

HD

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316.69 USD 0.917754%
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Home Depot shares are included in the Dow Jones and S&P 500 indices, and have been attracting attention with their stable growth of quotations for the last 5 years. The corporation pays dividends to shareholders even in times of inflation. This asset is considered by analysts and experienced investors as a promising investment that could bring profits in the next few years.

Home Depot logo

Basic information about the company

Home Depot is one of the largest home improvement stores in the United States. The company was founded in 1978 by Bernie Marcus and Arthur Blank. Since its founding, the corporation has grown to become the world's largest home improvement retailer. The first store was located in Atlanta, Georgia. The same city is also home to the corporation's headquarters.

Home Depot is a publicly traded company listed on the New York Stock Exchange under the ticker symbol HD. The corporation's IPO was held in 1981. Home Depot shares were trading at $12 per share when the company debuted on the stock exchange. The stock is listed on the Dow Jones Industrial Average and the Standard & Poor's 500 Index.

Company's activity

Home Depot offers a wide variety of products, including lumber, drywall, plumbing, electrical, tools and hardware. Home Depot also offers installation services for many of its products. Home Depot is committed to helping customers complete their projects on time and on budget. The retailer offers a variety of online resources to help customers plan and complete their projects.

Home Depot operates the Home Depot Foundation, which provides funding for community projects focused on housing and disaster relief. The company has more than 2,200 stores throughout the United States, Canada and Mexico. The retailer employs more than 400,000 people worldwide. The retailer is committed to providing customers with quality merchandise at competitive prices.

The latest news on the stock price

In the second quarter of 2022, sales at this U.S. retailer were up more than 5 percent. Management notes that most of the corporation's revenue comes from professional contractors who buy construction and renovation products in bulk. As demand for building supplies remains strong right now, Home Depot stock has upside potential.

Despite the home improvement retailer's higher sales levels, there is likely to be a decline in demand for building supplies in the near future. According to statistics, home construction is down more than 14% in August 2022. Mortgage interest rates have exceeded 6%. Because of this situation, investors are thinking about refraining from buying securities of home improvement companies. This circumstance prevents Home Depot stock from recovering quickly from the 2022 drop.

Home Depot is among the companies that pay dividends to stockholders. The corporation has increased its dividend payments nearly six-fold from 2013 to today. During that period, the figure rose from $1.16 to $6.60, as of the end of September 2022. The ability to pay such a fairly high dividend, even in a period of inflation, is supported by the retailer's stable earnings.

✅ Benefits of investing in Home Depot

  • Home Depot stock has established itself as a promising asset for long-term investment. Barring the challenges of an impending recession in 2022, the corporation's stock price is up 75% over the last 5 years.
  • Despite the general economic difficulties in the world, demand for building materials and home improvement products remains strong. The corporation is taking steps to combat current challenges, including investing in new supply chain facilities. In addition, the company increased inventory levels in 2022.

❌ Disadvantages of investing in Home Depot

  • Home Depot stock is impacted by bearish investor sentiment in the stock market in 2022. Under the influence of the general tense geopolitical situation in the world, the quotes of the retail chain fell from the beginning of the year to mid-October by about 30%. By comparison, the S&P 500 index declined by just over 20% over that period.
  • With the Fed aggressively raising interest rates, investors fear the onset of a recession. If that happens, the housing market will face a drop in demand. This, in turn, would lead to a decline in demand for building materials, which would negatively impact HD's retail revenues.

Financial performance

Home Depot ended the second quarter of 2022 with reasonably good financial results. The retail chain's sales rose to $43.8 billion, up from $38.9 billion in the first quarter of 2022. Net income increased to $5.2 billion. Home Depot's diluted earnings per share were $5.05, an increase of more than 10%.

Home Depot's profit margin for the second quarter of 2022 was more than 15%. The company focuses primarily on professional contractors and wholesale customers. Thus, the average transaction at the retail chain rose to 9%. Much of this growth is due to an increase in the number of large transactions, which exceed $1,000. The corporation reported a 12% year-over-year increase in sales on digital platforms. This indicates an increase in demand for Home Depot's online purchases.

Home Depot stock price forecast for 2023, 2025

Due to the difficult geopolitical and economic situation in the world, investors may avoid stocks of companies whose scope is related to consumer spending in the near future. Because of this, the Home Depot stock price is unlikely to recover to its early 2022 level in the short term. According to the technical analysis, the average share price will be around $339 in 2023. This is based on our October 13, 2022 HD stock price of $273. By 2025, analysts expect the retailer's stock price to rise to $800 or more.

Answers to Frequently Asked Questions

How has the COVID-19 pandemic affected HD's stock price?

In March 2020, Home Depot stock was trading at $187. After the coronavirus pandemic began, quotes began to rise and reached $269 by early 2021. 

How does an individual invest in Home Depot stock?

To start investing in HD stock, log into your personal DotBig account and fund your trading account. 

How has the price of HD stock changed over the past year?

During the year from October 2021 to October 2022, the Home Depot stock price is $350 to $280.

Can Home Depot stock be traded automatically?

Yes, DotBig provides algorithmic stock trading using trading robots. You can also sign up for a social trading platform or subscribe to trading signals. 

What other trading companies can I choose to invest in?

Companies in the trading industry include WalmartAmazonAlibabaCostco Wholesale.

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