Home Depot
About: Home Depot is the world's largest home improvement specialty retailer, operating more than 2,300 warehouse-format stores offering more than 30,000 products in store and 1 million products online in the United States, Canada, and Mexico. Its stores offer numerous building materials, home improvement products, lawn and garden products, and decor products and provide various services, including home improvement installation services and tool and equipment rentals. The acquisition of distributor Interline Brands in 2015 allowed Home Depot to enter the maintenance, repair, and operations business, which has been expanded through the tie-up with HD Supply (2020). Moreover, the additions of the Company Store brought textile exposure to the lineup, while Redi Carpet added multifamily flooring.
Employees: 471,600
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
13% more repeat investments, than reductions
Existing positions increased: 1,565 | Existing positions reduced: 1,388
1% less funds holding
Funds holding: 3,568 [Q1] → 3,544 (-24) [Q2]
1.09% less ownership
Funds ownership: 71.87% [Q1] → 70.78% (-1.09%) [Q2]
10% less call options, than puts
Call options by funds: $3.19B | Put options by funds: $3.55B
11% less first-time investments, than exits
New positions opened: 190 | Existing positions closed: 214
11% less capital invested
Capital invested by funds: $272B [Q1] → $242B (-$30.6B) [Q2]
34% less funds holding in top 10
Funds holding in top 10: 231 [Q1] → 152 (-79) [Q2]
Research analyst outlook
20 Wall Street Analysts provided 1 year price targets over the past 3 months
20 analyst ratings
Loop Capital Laura Champine 64% 1-year accuracy 14 / 22 met price target | 12%upside $460 | Buy Upgraded | 9 Oct 2024 |
Guggenheim Steven Forbes 78% 1-year accuracy 14 / 18 met price target | 9%upside $450 | Buy Maintained | 4 Oct 2024 |
Gordon Haskett Chuck Grom 67% 1-year accuracy 6 / 9 met price target | 9%upside $450 | Buy Upgraded | 2 Oct 2024 |
Piper Sandler Peter Keith 74% 1-year accuracy 35 / 47 met price target | 10%upside $455 | Overweight Maintained | 30 Sept 2024 |
Oppenheimer Timothy Horan 82% 1-year accuracy 18 / 22 met price target | 3%downside $400 | Perform Maintained | 24 Sept 2024 |
Financial journalist opinion
Based on 52 articles about HD published over the past 30 days