Home Depot (HD) Stock Dips Amid Industry-Wide Decline

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Oct 25, 2024

The stock of Home Depot (HD, Financial) recently experienced a decline of 0.67%, with its price reaching $400.00 per share and a trading volume of 679,402 shares. The stock exhibited a turnover rate of 0.07% and a volatility of 0.86%.

In its latest earnings report, Home Depot reported a revenue of $43.175 billion and a net profit of $4.561 billion, with earnings per share (EPS) at $4.61. The company's gross profit stood at $13.678 billion, with a price-to-earnings (P/E) ratio of 26.89. Analyst ratings show that out of 42 firms, 60% recommend buying the stock, 31% suggest holding, and 9% advise selling.

Within the home improvement retail industry, the overall decline was 0.80%. Notably, stocks such as Arhaus, Inc., and Live Ventures Incorporated saw notable increases. Floor & Decor Holdings, Inc., and Kirklands were active, with turnover rates of 0.71% and 0.61%, respectively. Kirklands also showed significant volatility at 7.41%.

Home Depot is the world's largest home improvement retailer, operating over 2,300 warehouse-style stores in the U.S., Canada, and Mexico. The company offers more than 30,000 in-store and 1 million online products, including construction materials, home improvement goods, and home decor items. With services like installation and tool rental, Home Depot expanded its operations into maintenance, repair, and operations (MRO) through acquisitions such as Interline Brands and strategic collaborations with HD Supply and SRS.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.