Josh Brown, CEO of Ritholtz Wealth Management, joins CNBC's "Halftime Report" to discuss his Home Depot strategy now that he's been taken out of the name.
Get a deeper insight into the potential performance of Home Depot (HD) for the quarter ended January 2025 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
In the closing of the recent trading day, Home Depot (HD) stood at $395.43, denoting a -1.95% change from the preceding trading day.
Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.
Home Depot is a mature company with limited growth prospects, and its current stock price is overpriced relative to its intrinsic value. The company's operating margins have resumed their pre-pandemic decline, and recent acquisitions raise concerns about management's capital discipline. Despite strong historical performance, insider trading activity suggests insiders believe HD shares have been overpriced for some time.
HD's growth remains strong. But high rates and weak big-ticket demand pose challenges.
Home Depot (HD) concluded the recent trading session at $412.43, signifying a +1.3% move from its prior day's close.
A closely watched government inflation gauge came in hotter than expected in January, fueled in part by an uptick in housing costs. If the trend continues, it could put a damper on housing sales and home improvements.
Home Depot Inc HD: The home improvement stock saw a surge in interest from readers during the week, including more than normal searches for a stock of its size. The interest could be related to pressure on stocks in the homebuilder sector due to tariff and economic concerns. Home Depot could also be volatile with winter storms impacting regions of the country.
The real estate sector has been dragged down by high interest rates over the past few years. Higher rates have affected many companies in many industries that are directly or indirectly impacted by a slow real estate market, including home improvement companies like Home Depot (HD 0.08%).
WOODBRIDGE, VA — Revitalization of the Gordon Plaza shopping center in Woodbridge is taking a new step after action by the Prince William County Board of Supervisors Tuesday. The board approved rezoning and a special use permit to allow a Home Depot store to anchor Kimco Realty's intended redevelopment of the shopping center. Gordon Plaza was developed in 1973 and is largely vacant, with the exception of the Aldi grocery store. The Home Depot Store will include a garden center with a nursery, motor vehicle rentals and curbside pickup. Woodbridge District Supervisor Margaret Franklin said the new use for Gordon Plaza will serve the North Woodbridge community well. "If you're familiar with the shopping center, it is in great need of repairs," said Franklin. "I just want to thank Kimco for stepping up and saying that they want to help revitalize this area and really beautify it. It's going to go really beautifully with the rest of the work we're doing in North Woodbridge to revitalize our corridor."
Recently, Zacks.com users have been paying close attention to Home Depot (HD). This makes it worthwhile to examine what the stock has in store.