Home Depot (HD)

• Market cap: $390B
• 1 day: 1.97%
• 5 days: -6.04%
• 1 month: -1.85%
• 3 months: 0.70%
• 6 months: 11.08%
• Year to date: 13.77%
• 1 year: 12.60%
• 5 years: 77.49%
• 10 years: 279.32%
• Sector: Materials
• Industry: Lumber & Other Building Materials Dealers

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 US, 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 Interline Brands in 2015 allowed Home Depot to enter the MRO business, which has been expanded through the tie-up with HD Supply (2020). The additions of the Company Store brought textiles to the lineup, and the recent tie-up with SRS will help grow professional demand in roofing, pool and landscaping projects.

Employees: 471,600

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

58% more first-time investments, than exits

New positions opened: 248 | Existing positions closed: 157

44% more funds holding in top 10

Funds holding in top 10: 152 [Q2] → 219 (+67) [Q3]

13% more capital invested

Capital invested by funds: $249B [Q2] → $280B (+$31.1B) [Q3]

3% more funds holding

Funds holding: 3,567 [Q2] → 3,658 (+91) [Q3]

6% more repeat investments, than reductions

Existing positions increased: 1,546 | Existing positions reduced: 1,456

0% less call options, than puts

Call options by funds: $4.39B | Put options by funds: $4.39B

2.44% less ownership

Funds ownership: 72.81% [Q2] → 70.37% (-2.44%) [Q3]

Research analyst outlook

19 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $400 2% upside
• Avg. target: $441 12% upside
• High target: $466 19% upside

19 analyst ratings

• positive: 16 84%
• neutral: 3 16%
• negative: 0 0%

Stifel W. Andrew Carter 68% 1-year accuracy 17 / 25 met price target	3% upside $405	Hold Maintained	14 Nov 2024
Telsey Advisory Group Joseph Feldman 56% 1-year accuracy 90 / 161 met price target	16% upside $455	Outperform Maintained	13 Nov 2024
Truist Securities Scot Ciccarelli 63% 1-year accuracy 45 / 71 met price target	18% upside $465	Buy Maintained	13 Nov 2024
Evercore ISI Group Greg Melich 84% 1-year accuracy 54 / 64 met price target	10% upside $430	Outperform Maintained	13 Nov 2024
B of A Securities Elizabeth Suzuki 42% 1-year accuracy 5 / 12 met price target	15% upside $450	Buy Maintained	13 Nov 2024