The Home Depot, Inc. (HD)
Where Will Home Depot Stock Be in 1 Year?
There was a delayed start to the spring selling season, but management isn't worried. Home Depot is expecting a second year of modest sales declines in 2024.
Home Depot Same-Store Sales Fall Again. Where Is the Stock Headed?
Home Depot has seen its same-store sales fall for six straight quarters. Home remodeling activity is expected to remain weak into the second half of this year.
3 Facts You Need to Know About Home Depot Before You Buy the Stock
Home Depot generates half of its sales from professionals, a lucrative customer cohort. Consumers aren't willing to tackle renovation projects like they were a few years ago.
Is Home Depot Stock Going to $390? 1 Wall Street Analyst Thinks So.
Relatively high interest rates are choking off demand for home improvement. Home Depot's recent comparable sales decline was less than in previous months.
Home Depot: Improving Growth Prospects
The Home Depot is well-positioned for revenue and margin growth, with benefits from easing AUR comparisons and normalized demand patterns. The company's revenue outlook is positive, with strong customer engagement and sales, especially in Pro sales and building materials. Margin growth prospects are positive, with benefits from operating leverage, lower shrinkage, and technological advancements to improve efficiency.
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