Is Home Depot Stock a Good Investment?

Home Depot Investment Advice

  HD
To provide specific investment advice or recommendations on Home Depot stock, we recommend investors consider the following general factors when evaluating Home Depot. This will help you to make an informed decision on whether to include Home Depot in one of your diversified portfolios:
  • Examine Home Depot's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
  • Research Home Depot's leadership team and their track record. Good management can help Home Depot navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
  • Consider the overall health of the Home Improvement Retail space and any emerging trends that could impact Home Depot's business and its evolving consumer preferences.
  • Compare Home Depot's performance and market position to its competitors. Analyze how Home Depot is positioned in terms of product offerings, innovation, and market share.
  • Check if Home Depot pays a dividend and its dividend yield and payout ratio.
  • Review what financial analysts are saying about Home Depot's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Home Depot stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Home Depot is a good investment.
 
Sell
 
Buy
Strong Hold
Macroaxis provides investment recommendation on Home Depot to complement and cross-verify current analyst consensus on Home Depot. Our trade recommendations engine determines the entity's potential to grow exclusively from the perspective of an investor's current risk tolerance and investing horizon. To make sure Home Depot is not overpriced, please check out all Home Depot fundamentals, including its ebitda, book value per share, and the relationship between the price to sales and cash per share . Given that Home Depot has a price to earning of 19.67 X, we strongly advise you to confirm Home Depot market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your regular risk tolerance and investing horizon.

Market Performance

Very WeakDetails

Volatility

Very steadyDetails

Hype Condition

Low keyDetails

Current Valuation

Fairly ValuedDetails

Odds Of Distress

LowDetails

Economic Sensitivity

Responds to the marketDetails

Investor Sentiment

AlarmedDetails

Analyst Consensus

BuyDetails

Financial Strenth (F Score)

PoorDetails

Financial Leverage

Not RatedDetails

Reporting Quality (M-Score)

Possible ManipulatorDetails

Examine Home Depot Stock

Researching Home Depot's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 73.0% of the company shares are owned by institutional investors. The company has Price/Earnings To Growth (PEG) ratio of 1.86. Home Depot recorded earning per share (EPS) of 14.9. The entity last dividend was issued on the 30th of May 2024. The firm had 3:2 split on the 31st of December 1999.
To determine if Home Depot is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Home Depot's research are outlined below:
Home Depot generated a negative expected return over the last 90 days
Home Depot has a poor financial position based on the latest SEC disclosures
About 73.0% of the company shares are owned by institutional investors
Latest headline from investing.com: Earnings call Niu Technologies highlights robust growth in Q1 2024 sales

Home Depot Quarterly Liabilities And Stockholders Equity

79.23 Billion

Home Depot uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Home Depot. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Home Depot's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
20th of February 2024
Upcoming Quarterly Report
View
21st of May 2024
Next Financial Report
View
31st of January 2024
Next Fiscal Quarter End
View
20th of February 2024
Next Fiscal Year End
View
31st of October 2023
Last Quarter Report
View
31st of January 2023
Last Financial Announcement
View
Earnings surprises can significantly impact Home Depot's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Home Depot's investors have experienced.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
1999-02-23
1999-01-310.170.190.0211 
2003-02-25
2003-01-310.270.30.0311 
1999-05-18
1999-04-300.190.220.0315 
2009-02-24
2009-01-310.150.190.0426 
2008-05-20
2008-04-300.370.410.0410 
2011-02-22
2011-01-310.310.360.0516 
2010-05-18
2010-04-300.40.450.0512 
2009-11-17
2009-10-310.360.410.0513 

Home Depot Target Price Consensus

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Home target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Home Depot's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
   33  Buy
Most Home analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Home stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Home Depot, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice   Exposure   Valuation

Home Depot Target Price Projection

Home Depot's current and average target prices are 337.82 and 321.54, respectively. The current price of Home Depot is the price at which Home Depot is currently trading. On the other hand, Home Depot's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.

Current Price

Home Depot Market Quote on 21st of May 2024

Low Price337.82Odds
High Price337.82Odds

337.82

Target Price

Analyst Consensus On Home Depot Target Price

Low Estimate292.6Odds
High Estimate356.91Odds

321.54

Historical Lowest Forecast  292.6 Target Price  321.54 Highest Forecast  356.91
Note that most analysts generally publish their price targets in research reports on specific companies, along with recommendations for the company's stock.Although price targets are often quoted in the financial news media, there could be a delay between the publication of the latest analyst outlook on Home Depot and the information provided on this page.

Home Depot Analyst Ratings

Home Depot's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Home Depot stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Home Depot's financials, market performance, and future outlook by experienced professionals. Home Depot's historical ratings below, therefore, can serve as a valuable tool for investors.

Know Home Depot's Top Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Home Depot is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Home Depot backward and forwards among themselves. Home Depot's institutional investor refers to the entity that pools money to purchase Home Depot's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares
Northern Trust Corp2023-12-31
11.8 M
Wellington Management Company Llp2023-12-31
10.3 M
Royal Bank Of Canada2023-12-31
9.8 M
Bank Of New York Mellon Corp2023-12-31
9.2 M
Fisher Asset Management, Llc2024-03-31
M
Jpmorgan Chase & Co2023-12-31
8.8 M
Legal & General Group Plc2023-12-31
8.5 M
Fmr Inc2023-12-31
8.2 M
T. Rowe Price Associates, Inc.2024-03-31
7.4 M
Vanguard Group Inc2024-03-31
94 M
Blackrock Inc2023-12-31
71.1 M
Note, although Home Depot's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Home Depot's market capitalization trends

The company currently falls under 'Mega-Cap' category with a market capitalization of 338.16 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Home Depot's market, we take the total number of its shares issued and multiply it by Home Depot's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Market Cap

82.36 Billion

Home Depot's profitablity analysis

Home Depot's profitability indicators refer to fundamental financial ratios that showcase Home Depot's ability to generate income relative to its revenue or operating costs. If, let's say, Home Depot is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Home Depot's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Home Depot's profitability requires more research than a typical breakdown of Home Depot's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
Last ReportedProjected for Next Year
Return On Tangible Assets 0.23  0.20 
Return On Capital Employed 0.40  0.39 
Return On Assets 0.20  0.18 
Return On Equity 14.50  3.90 
The company has Net Profit Margin (PM) of 0.1 %, which suggests that even a small decline in it sales will erase profits and may result in a net loss, or a negative profit margin. This is way below average. Likewise, it shows Net Operating Margin (NOM) of 0.14 %, which signifies that for every $100 of sales, it has a net operating income of $0.14.
Determining Home Depot's profitability involves analyzing its financial statements and using various financial metrics to determine if Home Depot is a good buy. For example, gross profit margin measures Home Depot's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Home Depot's profitability and make more informed investment decisions.

Home Depot's Earnings Breakdown by Geography

The data published in Home Depot's official financial statements usually reflect Home Depot's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Home Depot. For example, before you start analyzing numbers published by Home accountants, it's critical to develop an understanding of what Home Depot's liquidity, profitability, and earnings quality are in the context of the Specialty Retail space in which it operates.
Please note, the presentation of Home Depot's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Home Depot's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Home Depot's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Home Depot. Please utilize our Beneish M Score to check the likelihood of Home Depot's management manipulating its earnings.

Evaluate Home Depot's management efficiency

Home Depot has Return on Asset (ROA) of 0.1704 % which means that for every $100 of assets, it generated a profit of $0.1704. This is way below average. Likewise, it shows a return on total equity (ROE) of 0.1363 %, which means that it produced $0.1363 on every 100 dollars invested by current stockholders. Home Depot's management efficiency ratios could be used to measure how well Home Depot manages its routine affairs as well as how well it operates its assets and liabilities. As of May 21, 2024, Return On Tangible Assets is expected to decline to 0.20. In addition to that, Return On Capital Employed is expected to decline to 0.39. At present, Home Depot's Non Current Assets Total are projected to increase significantly based on the last few years of reporting. The current year's Other Current Assets is expected to grow to about 1.8 B, whereas Net Tangible Assets are projected to grow to (5 B).
Last ReportedProjected for Next Year
Book Value Per Share 1.05  3.07 
Net Current Asset Value 0.00  0.00 
Tangible Asset Value 0.00  0.00 
Tangible Book Value Per Share(11.03)(6.93)
Enterprise Value Over EBITDA 16.19  15.62 
Price Book Value Ratio 340.37  87.92 
Enterprise Value Multiple 16.19  15.62 
Price Fair Value 340.37  87.92 
Enterprise Value79.8 B83.8 B
The analysis of Home Depot's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Home Depot's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Home Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Dividend Yield
0.0261
Forward Dividend Yield
0.0261
Forward Dividend Rate
9
Beta
1.011

Basic technical analysis of Home Stock

As of the 21st of May, Home Depot retains the Standard Deviation of 1.27, market risk adjusted performance of (0.05), and Risk Adjusted Performance of (0.03). Home Depot technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Simply put, you can use this information to find out if the firm will indeed mirror its model of historical price patterns, or the prices will eventually revert. We were able to break down thirteen technical drivers for Home Depot, which can be compared to its competitors. Please check out Home Depot variance, maximum drawdown, as well as the relationship between the Maximum Drawdown and skewness to decide if Home Depot is priced fairly, providing market reflects its last-minute price of 337.82 per share. Given that Home Depot has information ratio of (0.13), we strongly advise you to confirm Home Depot's regular market performance to make sure the company can sustain itself at a future point.

Home Depot's insider trading activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Home Depot insiders, such as employees or executives, is commonly permitted as long as it does not rely on Home Depot's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Home Depot insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.

Home Depot's Outstanding Corporate Bonds

Home Depot issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Home Depot uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Home bonds can be classified according to their maturity, which is the date when Home Depot has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.

Understand Home Depot's technical and predictive indicators

Using predictive indicators to make investment decisions involves analyzing Home Depot's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.

Consider Home Depot's intraday indicators

Home Depot intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Home Depot stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

Home Depot Corporate Filings

F4
20th of May 2024
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify
8K
14th of May 2024
Report filed with the SEC to announce major events that shareholders should know about
ViewVerify
2nd of May 2024
Other Reports
ViewVerify
1st of April 2024
Other Reports
ViewVerify
Home Depot time-series forecasting models is one of many Home Depot's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Home Depot's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Home Stock media impact

Far too much social signal, news, headlines, and media speculation about Home Depot that are available to investors today. That information is available publicly through Home media outlets and privately through word of mouth or via Home internal channels. However, regardless of the origin, that massive amount of Home data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Home Depot news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Home Depot relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Home Depot's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Home Depot alpha.

Home Depot Sentiment by Major News Outlets

Investor sentiment, mood or attitude towards Home Depot can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.

Home Depot Historical Investor Sentiment

Investor biases related to Home Depot's public news can be used to forecast risks associated with an investment in Home. The trend in average sentiment can be used to explain how an investor holding Home can time the market purely based on public headlines and social activities around Home Depot. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Home Depot's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Home Depot and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Home Depot news discussions. The higher the estimate score, the more favorable the investor's outlook on Home Depot.

Home Depot Maximum Pain Price across 2024-05-24 Option Contracts

Home Depot's options can also be used to analyze investors' bias and current market sentiment in the context of behavioral finance. For example, Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of Home Depot close to the expiration of its current option contract to expire worthlessly. According to most research, about 35% of options are not executed, with roughly 50% traded out before expiration. So, Max pain occurs when market makers reach a net favorable position across all options at a strike price where option holders stand to lose the most money. By contrast, option sellers may reap the most after selling more options than buying, causing them to expire worthlessly. Please continue to view the detailed analysis of Home Depot's options.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Home Depot without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Home Depot Corporate Directors

Home Depot corporate directors refer to members of a Home Depot board of directors. The board of directors generally takes responsibility for the Home Depot's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Home Depot's board members must vote for the resolution. The Home Depot board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Ari BousbibIndependent DirectorProfile
Greg BrennemanLead Independent DirectorProfile
Gerard ArpeyIndependent DirectorProfile
Gregory BrennemanLead Independent DirectorProfile

How to buy Home Stock?

To provide specific investment advice or recommendations on Home Depot stock, we recommend investors consider the following general factors when evaluating Home Depot. This will help you to make an informed decision on whether to include Home Depot in one of your diversified portfolios:
  • Examine Home Depot's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
  • Research Home Depot's leadership team and their track record. Good management can help Home Depot navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
  • Consider the overall health of the Home Improvement Retail space and any emerging trends that could impact Home Depot's business and its evolving consumer preferences.
  • Compare Home Depot's performance and market position to its competitors. Analyze how Home Depot is positioned in terms of product offerings, innovation, and market share.
  • Check if Home Depot pays a dividend and its dividend yield and payout ratio.
  • Review what financial analysts are saying about Home Depot's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Home Depot stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Home Depot is a good investment.

Already Invested in Home Depot?

The danger of trading Home Depot is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Home Depot is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Home Depot. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Home Depot is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Home Depot is a strong investment it is important to analyze Home Depot's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Home Depot's future performance. For an informed investment choice regarding Home Stock, refer to the following important reports:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Home Depot. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.
For information on how to trade Home Stock refer to our How to Trade Home Stock guide.
Note that the Home Depot information on this page should be used as a complementary analysis to other Home Depot's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

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Is Home Depot's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Home Depot. If investors know Home will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Home Depot listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.05)
Dividend Share
6.43
Earnings Share
14.9
Revenue Per Share
152.785
Quarterly Revenue Growth
(0.02)
The market value of Home Depot is measured differently than its book value, which is the value of Home that is recorded on the company's balance sheet. Investors also form their own opinion of Home Depot's value that differs from its market value or its book value, called intrinsic value, which is Home Depot's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Home Depot's market value can be influenced by many factors that don't directly affect Home Depot's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between Home Depot's value and its price, as these two are different measures arrived at by various means. Investors typically determine if Home Depot is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Home Depot's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.