Home Depot (HD) reached $358.64 at the closing of the latest trading day, reflecting a -3.1% change compared to its last close.
HD adopts AI tools and associated tech investments to revive DIY sales as big-ticket projects stall in a high-rate environment.
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.
HD's omnichannel strategy with digital efforts offers a seamless omnichannel push and boosts Q1 online sales by 8%.
In the closing of the recent trading day, Home Depot (HD) stood at $367.28, denoting a -1.19% move from the preceding trading day.
HD's fundamentals stay strong, with rising Pro sales, supply-chain gains and tech upgrades supporting long-term growth.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
HD's big-ticket remodeling sales stay sluggish as high interest rates push consumers toward smaller, seasonal home improvement projects.
Aiming to expand its reach to professional contractors, Home Depot (HD) announced it will be acquiring GMS Inc. (GMS) for $4.3 billion or $5.5 billion when including debt.
Home Depot is expanding its moat by acquiring SRS and GMS, targeting large contractors and unlocking new growth and efficiency levers. These acquisitions position HD for steady long-term growth, broaden its customer base, and reduce reliance on DIY and small contractors. While the deals are expensive, HD's strong track record and expected synergies support confidence in future free cash flow and shareholder returns.
Home Depot (HD) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
In the closing of the recent trading day, Home Depot (HD) stood at $368.74, denoting a +1.44% move from the preceding trading day.