Home Depot cuts full-year profit, same-store sales guidance as consumer demand pressured

Home Depot (HD) PT Lowered to $363 at RBC Capital

RBC Capital analyst Steven Shemesh lowered the price target on Home Depot (NYSE: HD) to $363.00 (from $377.00) while maintaining a Sector Perform rating.

The analyst comments "The comp miss and guidance revision were largely anticipated and ultimately make for a better setup... More

Home Depot (HD) PT Lowered to $400 at Evercore ISI

Evercore ISI analyst Greg Melich lowered the price target on Home Depot (NYSE: HD) to $400.00 (from $415.00) while maintaining a Outperform rating.

The analyst comments "Negative comp store traffic for 13 straight quarters hurts. The housing led (started in 2006) Global Financial Crisis period witnessed 16 straight quarters. While the magnitude of the drop since the COVID/stimulus... More

Telsey Reiterates Market Perform Rating on Home Depot (HD)

Telsey analyst Joseph Feldman reiterated a Market Perform rating and $360.00 price target on Home Depot (NYSE: HD).

The analyst comments "TAG View: Home Depot reported 2Q24 adjusted EPS of $4.67, beating our estimate of $4.64 and the FactSet (FS) consensus of $4.53, driven by sales of $43.2B (TAG $42.7B; FS $42.6B) that were boosted by $1.3B for the six weeks since acquiring SRS Distribution... More

Home Depot (HD) PT Lowered to $392 at Wolfe Research

Wolfe Research analyst Chris Bottiglieri lowered the price target on Home Depot (NYSE: HD) to $392.00 (from $401.00) while maintaining a Outperform rating.

The analyst comments "We are Outperform rated on Home Depot. Home Improvement is a more resilient category versus areas like... More

Evercore ISI Reiterates Outperform Rating on Home Depot (HD)

Evercore ISI analyst Greg Melich reiterated an Outperform rating and $415.00 price target on Home Depot (NYSE: HD).

The analyst comments "Slight miss on comps, beat on EPS. Most importantly for the stock, HD officially threw in the towel on their prior... More

Citi Defending Home Depot (HD): 'It’s Not as Bad as Stock Reacting'

Citi analyst Steven Zaccone reiterated a Buy rating and $395.00 price target on Home Depot (NYSE: HD)

The analyst comments "HD reported a slightly weaker than expected print for SSS in both 2Q and for 2H guidance implications, but we believe the EPS... More

Truist Cautious on Home Depot (HD): 'near-term set up difficult to assess'

Truist Securities analyst Scot Ciccarelli reiterated a Buy rating and $396.00 price target on Home Depot (NYSE: HD)

The analyst comments "Net/net 2Q comps were down (3.3%) and US comps were down (3.6%) vs. our recently downwardly revised forecast of (2.3%) and (2.5%), respectively. As... More

Jefferies on Home Depot (HD) Earnings: 'Comps Underwhelm'

Jefferies analyst Jonathan Matuszewski reiterated a Buy rating and $426.00 price target on Home Depot (NYSE: HD).

The analyst comments "A noisy quarter given the six-week sales contribution from recently acquired SRS, but nonetheless, the underlying trend is clear: higher interest rates & greater macroeconomic uncertainty... More

Stifel Negative on Home Depot (HD) Following Earnings, 'We expect the shares to trade lower this morning'

Stifel analyst W. Andrew Carter reiterated a Hold rating and $380.00 price target on Home Depot (NYSE: HD).

The analyst comments "QUICK WORD: NEGATIVE. 2Q24 EPS $4.60 including $0.07 amortization headwind outpaced our estimate ($4.35), but with weaker comparable sales -3.3% (-2%) including -3.6% domestic (-1.9%), with... More

Home Depot (HD) Tops Q2 EPS by 6c; cuts same-store sales, EPS guidance

Home Depot (NYSE: HD) reported Q2 EPS of $4.60, $0.06 better than the analyst estimate of $4.54. Revenue for the quarter came in at $43.18 billion versus the consensus estimate of $42.6 billion.

Sees comparable sales -3% to -4%, saw about -1%, estimate -1.65%
Sees sales +2.5% to +3.5%, saw... More

Home Depot warns of sales, profit decline on weak consumer spending

By Juveria Tabassum

(Reuters) -Home Depot warned of a decline in annual profit and a bigger drop in its annual comparable sales on Tuesday, as weak discretionary spending dampened expectations of a recovery in consumer sentiment this year.

Customers have delayed big projects such as flooring, kitchen cabinets and bath due to higher borrowing costs and steep inflation, even as higher mortgage rates and home prices hurt new homes sales.

Shares of... More

Home Depot (HD) call put ratio 1 call to 1.3 puts into quarter results

Home Depot (NYSE: HD) August 345 straddle priced for a move of 5.5% into expected release of quarter results today before the bell. Call put ratio 1 call to 1.3 puts.

Stocks expected to have increasing option volume: HD ONON MLCO CSCO EAT WMT BABA BZFD JNJ RMBL

Stocks expected to have increasing option volume: HD ONON MLCO CSCO EAT WMT BABA BZFD JNJ RMBL

US PPI, Trump's return to X, institutional investors - what's moving markets

Investing.com -- Wall Street looks set to open higher Tuesday as investors await the release of the latest producer prices as a gauge of future Fed action. Donald Trump's return to the social media platform X and institutional investors coming back to U.S. stocks will also be in focus. 

The first leg of this weeks U.S. inflation double bill is scheduled for later Tuesday, with July U.S. producer price data due before the U.S. open and will likely sway... More

Home Depot (HD) is about to report. Here's what to know

Home Depot (NYSE: HD) is set to report earnings for the second quarter of 2024 on Tuesday, with Wall Street expecting earnings per share (EPS) to come in at $4.54 and revenue of $42.6 billion. In a note to clients, Telsey Advisory Group has shared what they expect from the home improvement retailer this past quarter and key themes management will likely discuss.

Telsey currently has a Market Perform rating on HD shares with a price target of $360,... More