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Home Depot Will Open Four New Distribution CentersHome Depot ( NYSE:HD ) said Thursday it will open four new distribution centers as it drives more sales from remodelers, contractors and other home professionals. The new distribution centers are expected to open in the first half of the year in Detroit, Los Angeles, San Antonio and Toronto. They make room for the bulky size, wider variety and larger orders of products that pros need, such as lumber, shingles and insulation, which then can be delivered directly to a job site. Each facility averages approximately 500,000 square feet — about five times the size of the average Home Depot store. Home Depot ( NYSE:HD ) has opened 14 similar distribution hubs to serve pros in major metropolitan areas, starting with the first that it opened in Dallas in 2020. Home Depot ( NYSE:HD ) draws roughly half of its total sales from pros and the other half from do-it-yourself customers, such as homeowners tackling a painting project. Home Depot’s sales declined by 3% in the last fiscal year as customers took on fewer projects after the pandemic. The company said it expects total sales to grow about 1% this fiscal year, including the lift from an additional week. It anticipates comparable sales, which take out the impact of store openings and closures, to fall about 1%, not including the extra week. Beating those lackluster expectations could depend on pro customers, who are usually steadier and bigger spenders compared with DIY customers, said Chip Devine, Home Depot’s senior vice president of outside sales, who oversees the company’s pro business. They also need more specialized salespeople and services, which means they’re less likely to jump between retailers or switch to a competitor. Home Depot ( NYSE:HD ) have made fewer discretionary purchases and tackled smaller home projects in recent quarters. Big-ticket transactions, or those with a price tag of more than $1,000, fell by nearly 7% in the fourth quarter compared with the year-ago period, the company said on its earnings call last month. Home Depot ( NYSE:HD ) is poised to change other aspects of its business to support pros who handle complex and pricey projects. It is piloting a program that offers trade credit to pros, which means that Home Depot underwrites a large order and does not charge the pro customer until it is delivered — a standard that’s common in the industry, Devine said. Home Depot ( NYSE:HD ) also expanded its dedicated sales force for pros. And it has added digital and personalized features for pros, such as tools that help manage complicated orders and a loyalty program that offers perks.
NYSE:HD
by DEXWireNews
2
Home Depot Faces Uphill Battle Amidst Weak 2024 ForecastHome Depot ( NYSE:HD ) finds itself navigating rough waters. The retail giant recently delivered a sobering forecast for 2024, projecting results below analysts' expectations. As demand for home remodeling fails to pick up steam, Home Depot ( NYSE:HD ) braces for a year of sluggish growth and intensified pressure on its bottom line. Unveiling the Forecast: Home Depot's ( NYSE:HD ) announcement sent ripples through the financial markets, with its shares plummeting over 2% in premarket trading. The company's cautious outlook stems from lackluster demand, particularly in discretionary categories like flooring, kitchen, and furniture. Despite resilience in key segments such as plumbing and hardware, overall foot traffic witnessed a decline in the fourth quarter, signaling a broader trend of subdued consumer sentiment. Market Expectations vs. Reality: Analysts had pinned hopes on Home Depot's ( NYSE:HD ) swift return to growth, but the company's guidance fell short of those expectations. With comparable sales projected to decline approximately 1% for 2024, the market grapples with the reality of a prolonged period of stagnation. Transactions at the retail giant dipped for the eleventh consecutive quarter, underscoring the depth of the challenges it faces in reviving momentum. Economic Headwinds and Consumer Behavior: The macroeconomic backdrop, characterized by elevated food prices and borrowing costs, casts a shadow over consumer spending patterns. Homeowners, grappling with inflationary pressures, are prioritizing repair and maintenance over large-scale renovations. This shift in consumer behavior has left Home Depot vulnerable, as it grapples with tepid demand and narrowing profit margins. Analyst Insights and Industry Outlook: Jonathan Reid, a director at Fitch Ratings specializing in retail and consumer goods, notes the disparity between market expectations and Home Depot's guidance. While the home improvement industry anticipates a recovery in the latter half of the year, analysts remain cautious about the company's near-term prospects. With 2024 per-share earnings forecasted to grow a modest 1%, compared to analysts' projections of 3.62%, Home Depot faces mounting pressure to adapt to evolving market dynamics. Navigating the Challenges: Despite the grim forecast, Home Depot ( NYSE:HD ) isn't without its silver linings. Tighter cost controls and easing supply chain expenses helped the company surpass earnings estimates for the fourth quarter. However, these mitigating factors may not be sufficient to offset the broader challenges posed by subdued consumer demand and economic uncertainty. Conclusion: As Home Depot ( NYSE:HD ) charts its course through hard times, the road ahead remains fraught with challenges. The company's weak 2024 forecast serves as a stark reminder of the volatile nature of retail markets and the imperative for adaptability in the face of adversity. How Home Depot ( NYSE:HD ) responds to these challenges will undoubtedly shape its trajectory in the months to come, as it seeks to navigate the complexities of a rapidly evolving economic landscape.
NYSE:HDLong
by DEXWireNews
Home Depot, Inc. (symbol ‘HD’) share price had a steady growthHome Depot, Inc. (symbol ‘HD’) share price had a spectacular steady growth in the latest quarter managing to rise by around 25%. The company’s earnings report for the fiscal quarter ending January 2024 is expected to be released on Tuesday 20th of February, before market open. The consensus EPS is $2.73 against $3.30 in the same quarter last year. ‘The company recovered from the losses incurred in the previous quarter and is not showing any signs of slowing down at least for now. The price-to-earnings ratio (P/E ratio) increased from 18.14 on 31/10/2023 to 23.44 today indicating that the shareholders are anticipating higher economic growth for the company. In addition, the current ratio of the company is at 130% meaning that it can withstand any short-term turmoil with the current assets at hand making it an attractive addition to investors' portfolio.’ said Antreas Themistokleous, trading specialist at Exness. Technical analysis shows that the price is currently testing the resistance of the upper band of the Bollinger bands after finding sufficient support on the round number of $350 in recent sessions. Although the 50-day moving average is trading well above the 100-day moving average validating the overall bullish momentum in the market, the Stochastic Oscillator is in the extreme overbought area. This might be seen as slowing down in the bullish rally but for now, at least it might not be considered a strong sign of a trend reversal. Some minor correction might be seen in the short term but the long-term outlook seems to be bullish at least for the time being.
NYSE:HD
by Exness_Official
HD channelHD is one of my current core holdings that I averaged into during the crash last year. I have always liked the company fundamentally, and even have had success trading options on the stock as well. HD is above the golden fib (strong momentum) and has risen despite market turmoil. Even though tech is the favored sector right now HD has continued to rise. There simply is a shortage of housing in America, Warren Buffett is bullish on home builds, HD indirectly benefits from this since its the main source of products for new homes. If HD stays in the channel I believe we see 400$ in Q2. I also believe people will slowly flock to value this year as they realize that the Mag 7 are clearly overvalued.
NYSE:HDLong
by Apollo_21mil
HD: Finally Patterning Out Post-PandemicNYSE:HD benefited greatly from the pandemic lockdown and the numerous stimulus checks that over-stimulated all nations' economies. The stock has now moved above its trading range and has sustained, aka held onto, those gains. This patterns out the excessive revenues and earnings that were inevitably unsustainable for all of the companies that benefited from the brief surge of revenues due to the "over-stimulus checks." This is the Weekly Chart to show that the Year over Year comparatives that harmed HD for a couple of years is now patterned out.
NYSE:HDLong
by MarthaStokesCMT-TechniTrader
Home Depot a Long Term Buy and HoldHome Depot began in 1982 at $0.03 per share. Imagine buying $1,000 of NYSE:HD in 1982, which is now 334,000 shares, which is worth $118M and pays you $2.8M per year in dividends. Home Depot opened up the first store in 1979 and IPOed in 1981 at $12 a share. It then with all the splits averaged to $0.03 a share. This stock is up 1,000,000% since IPO. Wild ride that is far from over. If you look at the trend, it is still bullish and setting up to make new highs soon. In the last 12 months, operating cash flow was $21.03 billion and capital expenditures -$3.27 billion, giving a free cash flow of $17.76 billion for $HD. This stock pays an annual dividend of $8.36, which amounts to a dividend yield of 2.36%. The stock price has increased by +8.06% in the last 52 weeks. The beta is 0.94, so The Home Depot's price volatility has been similar to the market average. The Home Depot has a market cap or net worth of $352.32 billion. The enterprise value is $399.52 billion. Return on equity (ROE) is 1,339.60% and return on invested capital (ROIC) is 33.57%. The stock's EV/EBITDA ratio is 15.68, with an EV/FCF ratio of 22.49. This stock is a company where employee turn over is low and customers keep returning. They know their business and keep growing. The trend is still rising from the left side of the chart to the right. Invest well and build your forever income.
NYSE:HDLong
by GlennTrading
1
HD Expectations (FLAG)Home Depot (HD) exhibits several bullish indicators that suggest a potential upward trajectory. Firstly, the company consistently demonstrates robust financial performance, with strong revenue growth driven by increased consumer spending on home improvement. Additionally, HD's market dominance, extensive store network, and successful online presence position it favorably to capitalize on evolving consumer trends. Furthermore, the housing market's resilience and ongoing demand for home improvement projects, coupled with the company's proactive strategies in adapting to changing consumer preferences, create a favorable environment for HD's continued growth. Analysts' positive sentiment, coupled with the company's solid fundamentals, make a compelling case for a potential upward trend in HD's stock price.
NYSE:HDLong
by OwningStocksPerson
1
Home Depot set for VolatilityHome Depot Traders Prepare for Earnings Results Today; EPS of 3.82 Expected Yesterday, Home Depot's stock (HD) experienced bearish price action, causing it to fall as low as 287.24 before stabilizing at 288.07. This consolidation of losses comes after 4.55 million shares were traded on the day, surpassing the multiday average of 3 million. Today, Home Depot is expected to report earnings per share (EPS) of 3.82 and revenue of $35.66 billion. Traders and investors will be closely watching these results to assess the company's performance. Key Facts about Home Depot Over the past 5 days, Home Depot's stock price has dropped. Home Depot has underperformed the Dow by 0.01% so far this year. The stock currently has a market cap of $288 billion. Yesterday's market volume for Home Depot was 4.55 million shares, which is 151% higher than the average. It appears that Home Depot's price action is currently pivoting around key support at 286.9. If this level succumbs to bearish pressure, the next support level to watch out for is at 285.72. With today's 1.21% drop to 288.07, Home Depot's ongoing four-day downtrend has been further accentuated. Yesterday, the bearish market action caused Home Depot to dip to 287.24 before settling at $288.07, consolidating its losses and securing market bears' dominance. Key Points: Home Depot's price action is currently pivoting around $286.9, which is a key support level. The next key support level to watch out for is at $285.72. If Home Depot dips below $283.03, it could indicate further losses are ahead. On the other hand, if it fails to break below this level, it may be seen positively by market bulls and a retracement could be on the cards. The next downside barriers for Home Depot are at 286.9 and 285.72.
NYSE:HDShort
by NomolosAI
HOME DEPOT Stock Chart Fibonacci Analysis 103023 Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 277/61.80% Chart time frame : B A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : C A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
NYSE:HD
by fibonacci6180