Home Depot (HD) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
The trends in existing U.S. home sales tend to be leading indicators for Home Depot's earnings. But there's a lag, so the stock's valuation will look expensive when home sales are starting to improve.
Home improvement retailers are among the first to see a lift from the Fed's rate cut. Share prices for Home Depot and Lowe's are up, and spending on projects is expected to follow.
Home Depot Inc. HD has agreed to a nearly $2 million settlement to address allegations from California prosecutors that the company overcharged customers at checkout due to price discrepancies.
In the closing of the recent trading day, Home Depot (HD) stood at $384.01, denoting a +0.2% change from the preceding trading day.
Home Depot has a dividend yield of 2.4% The company has paid a quarterly dividend since 1987 and raised it for 15 consecutive years. The home improvement retailer has a payout ratio of 58.4%.
Home Depot will pay nearly $2 million to settle a civil law enforcement complaint alleging overcharging and false advertising.
Home Depot is being ordered to pay a fine to settle claims that it was charging customers more than advertised for some products. It's called a "scanner violation.
Home Depot (NYSE HD) was fined for overcharging customers, and the Los Angeles County District Attorney brought a case against the huge home improvement company.
The Home Depot's strong moat, scale, and market position support long-term growth, despite a lack of new store expansion. Aging U.S. housing stock and secular trends drive demand for home improvement, providing stable revenue and free cash flow growth. Despite a slight overvaluation, HD's moat and shareholder returns justify holding the stock for the long term.
Retail stocks to watch in September 2024.
Opendoor's sales have been crushed, but it's making progress in growth and profitability. Home Depot is in a strong cash position and pays a growing dividend.