Home Depot Stock News

The Surprising Stock Investors Should Stop Buying Despite a Likely Stock Split

It only has a tiny fraction of this massive market but just took a very big step to take more share.

Home Depot's Q3 performance exceeded expectations, driven by hurricane-related sales and the integration of SRS Distribution, leading to an upward revision of FY24 guidance. Despite positive Q3 results, high interest rates and elevated mortgage rates continue to defer larger remodeling projects, posing a significant headwind for Home Depot's growth. The SRS acquisition appears promising, contri...

These stocks have strong businesses that warrant an ultra-long holding period.

The company looks well positioned to rebound next year.

Home Depot's major acquisition is boosting the business as home improvement demand remains slow. The retailer announced it was acquiring SRS Distribution, a company that sells supplies to roofing, pool and landscaping professionals, for $18.25 billion in March and closed the deal in June.

Note: Home Depot FY'23 ended on January 28, 2024.

ATLANTA , Nov. 14, 2024 /PRNewswire/ -- The Home Depot®, the world's largest home improvement retailer, today announced that its board of directors declared a third-quarter cash dividend of $2.25 per share. The dividend is payable on December 12, 2024, to shareholders of record on the close of business on November 27, 2024.