How much will Home Depot stock be worth in 10 years?
Home Depot stock price stood at $350.37
HD Stock 12 Month Forecast
Based on 28 Wall Street analysts offering 12 month price targets for Home Depot in the last 3 months. The average price target is $385.39 with a high forecast of $426.00 and a low forecast of $300.00.
| Year | Prediction | Change |
|---|---|---|
| 2027 | $ 564.76 | 55.43% |
| 2028 | $ 654.20 | 80.04% |
| 2029 | $ 757.80 | 108.55% |
| 2030 | $ 877.80 | 141.58% |
Ten Year Stock Price Total Return for Home Depot is calculated as follows: Last Close Price [ 359.62 ] / Adj Prior Close Price [ 64.39 ] (-) 1 (=) Total Return [ 458.5% ] Prior price dividend adjustment factor is 0.79.
I could see HD trading at 20x earnings, representing a stock price of $448 per share by 2027. That represents around 13% annual return potential over the next 5 years inclusive of dividends.
Fair Value Estimate for Home Depot Stock
With its 2-star rating, we believe Home Depot's stock is overvalued compared with our long-term fair value estimate of $265 per share. For fiscal 2024, we expect roughly $154 billion in sales, a 14.1% operating margin, and $15.31 in earnings per share.
- The all-time high Home Depot stock closing price was 395.20 on March 21, 2024.
- The Home Depot 52-week high stock price is 396.87, which is 10.4% above the current share price.
- The Home Depot 52-week low stock price is 274.26, which is 23.7% below the current share price.
Has there ever been a stock split? There have been 13 splits of Home Depot Common Stock since the Initial Public Offering. For complete information, go to the "Stock Splits" section of this site.
Future Growth
Home Depot is forecast to grow earnings and revenue by 5.3% and 3.8% per annum respectively. EPS is expected to grow by 6.5% per annum. Return on equity is forecast to be 179.5% in 3 years.
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The Home Depot, Inc.'s ( HD ) ex-dividend date is May 30, 2024 , which means that buyers purchasing shares on or after that date will not be eligible to receive the next dividend payment. The Home Depot, Inc. ( HD ) pays dividends on a quarterly basis.
The closing price for Home Depot (HD) in 1981 was $0.03, on December 31, 1981. It was up 67.4% for the year.
Largest shareholders include Vanguard Group Inc, BlackRock Inc., State Street Corp, Capital World Investors, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, VFINX - Vanguard 500 Index Fund Investor Shares, Geode Capital Management, Llc, Morgan Stanley, Bank Of America Corp /de/, and Capital Research ...
It's consistently profitable, which is what long-term investors should want to see. In the past five years, Home Depot's gross margin and operating margin have averaged a solid 33.7% and 14.5%, respectively.
Stock Price Forecast
The 25 analysts with 12-month price forecasts for The Home Depot stock have an average target of 377.96, with a low estimate of 315 and a high estimate of 425.
While Home Depot is not recession-proof, since sales can decline when the housing market weakens, it is still a safe stock to hold for the long term. Management doesn't stop looking for ways to strengthen the business, so investors should expect Home Depot to exit a downturn in the economy stronger than before.
Key Points. Home Depot underperformed the S&P 500 over the past three years. High interest rates and a soft housing market are throttling its sales. It should gradually recover over the next three years.
It's operating in a tough environment. Home improvement chain Home Depot (HD -0.74%) stock fell 12% in April according to data provided by S&P Global Market Intelligence. It's been struggling through inflation and a suppressed housing market, and it's expecting pressure in 2024.
Home Depot still seems expensive as an income-producing investment given its soft earnings and growth outlook. That's why investors might be better off watching this stock for now until shares become cheaper amid a broader market downturn or rising pessimism about the home improvement industry.
Who buys the most from Home Depot?
Home Depot has more than 2,300 stores and employs about 465,000 people across North America. Two thirds of US consumers shop at Home Depot, and the brand has similar customer loyalty as Lowe's. The store's typical customer is a white baby boomer who earns over $80K a year and owns her home.
The closing price for Home Depot (HD) in 2008 was $15.67, on December 31, 2008. It was down 12% for the year.
Williams-Sonoma's (NYSE: WSM) 2-for-1 stock split is scheduled for July 8. Chipmaker Broadcom (NASDAQ: AVGO) plans to conduct a 10-for-1 stock split on July 12. Sony's (NYSE: SONY) 5-for-1 stock split should occur after the market close on Sept. 30.
Stock split history for Home Depot (HD)
Home Depot stock (symbol: HD) underwent a total of 13 stock splits.
One side says a stock split is a good buying indicator, signaling that the company's share price is increasing and doing well. This may be true but a stock split simply has no effect on the fundamental value of the stock and poses no real advantage to investors.
