Home Depot Stock News

Home Depot Inc.'s third-quarter results this week gave a glimpse into the looming issue of tariffs for major U.S. retailers.

I reiterate a 'Buy' rating for Home Depot with a fair value of $450 per share, citing effective cost management and improved sales. Home Depot's Q3 saw a 1.3% decline in same-store sales, but hurricane-related demand contributed positively, adding $200 million in sales. The company is guiding for 4% revenue growth in FY24, with a 2.5% decline in same-store sales and 12 new store openings.

Home Depot said retail theft continues to be a challenge. CFO Richard McPhail said the operating environment is "getting harder and harder.

Stocks were lower and yields were higher on Tuesday, with markets reflecting the uncertain transition from campaign promises to real-world policies.

Home Depot (HD) shares were modestly lower by midday Tuesday after its third-quarter results came in above estimates and the retailer also lifted fiscal 2024 sales projections.

The Home Depot, Inc. (NYSE:HD ) Q3 2024 Earnings Conference Call November 12, 2024 9:00 AM ET Company Participants Isabel Janci - Vice President of Investor Relations and Treasurer Ted Decker - Chair, President and Chief Executive Officer Ann-Marie Campbell - Senior Executive Vice President Billy Bastek - Executive Vice President, Merchandising Richard McPhail - Executive Vice President and Chi...

The Home Depot reported strong Q3 2024 results, with adjusted earnings per share and sales exceeding expectations. However, the 6.6% sales growth shouldn't be overinterpreted. Company-wide comparable sales declined by 1.3%, a significant improvement against the backdrop of a continued challenging environment and inflationary pressures on consumers. Operating profitability weakened as expected, ...

Home Depot stock is struggling for direction even after the retailer's strong earnings and full-year outlook, but Wall Street isn't worried. Here's what you need to know.