And, a further dip in HD stock can be used as a buying opportunity for better gains in the long run. In such a case, it is likely that the broader markets may see lower levels in the near term. The home improvement retailer has been a surprise winner since the pandemic. 7 at an all-time high price of 416.18 a share. Home Depot may further raise prices if inflation remains as is or even rises further. Home Depots (NYSE: HD) stock ended the trading session on Dec. The company is already passing on the high costs to its customers through price hikes, which is seen as the declining traffic and increasing spending trends during Q1. Rising gas prices, lumber prices, and interest rates, together with inflation, could likely affect consumers in the upcoming quarters. Home Depot has repurchased a lot of stock over the past 20 years (ironically, except when the stock price is falling deeply during recessions, as in 20) and these buybacks have. That said, the company’s stock appears cheap at the current levels, with a modest 4% premium to the current market price. Given the changes to our revenues and EPS forecast, we have revised Home Depot’s Valuation to $322 per share, based on a $16.57 expected EPS and a 19.5x P/E multiple for the fiscal year 2022. Looking at the bottom line, we now forecast earnings per share estimate to come in at $16.57. We forecast Home Depot’s Revenues to be $156.8 billion for the fiscal year 2022, up 4% y-o-y. To add to this, the home improvement giant’s comparable-store sales still rose 2% in Q1 2022 - on top of a 31% spike a year ago - even with an 8.2% decline in its customer traffic. Home Depot, which gets major sales from individual consumers and professional contractors, posted net earnings of 12.9 billion on 132.1 billion of net sales during its 2020 fiscal year (FY). In spite of last year’s soaring results, the company reported a rise in revenue and profits in the first quarter. Home Depot beat expectations with a strong report allowing it to raise guidance for the full year. But the company’s fiscal first-quarter results (which ended on May 1) could be seen as a silver lining here. This was largely due to higher interest rates, inflationary pressures, supply chain shortages, and the recent sell-off where retail companies reported a shift in consumer discretionary spending. As of 2023 March 13, Monday current price of HD stock is 286.310 and our data indicates that the asset price has been in a downtrend for the past 1 year (or since its inception). Your current 100 investment may be up to 163.45 in 2028. With a 5-year investment, the revenue is expected to be around +63.45. HD stock has declined from around $409 to $308 since the beginning of 2022, larger than the 13% decline in the S&P index. Based on our forecasts, a long-term increase is expected, the 'HD' stock price prognosis for is 476.439 USD. After a 25% decline year-to-date, at the current price of around $308 per share, we believe Home Depot stock (NYSE: HD), the world’s largest home improvement retailer, could see a rebound. is the worlds largest home improvement specialty retailer with fiscal 2018 retail sales of 108.3 billion and earnings of 11.1 billion.
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