The Home Depot Inc. (NYSE: HD) has reported earnings for its second fiscal quarter (ending July 31) of $4.61 versus $4.66 for the same period a year ago. E.P.S. were $14.91 for the latest four quarters through July 31 versus $16.05 for the same period a year ago.
Recent Price Action
The Home Depot Inc. (NYSE: HD) stock closed at $350.07 on 8/13/24 after an increase of 1.2%. Moreover, trading volume in this advance was unusually high at 187% of normal. The stock is unchanged during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, HD is expected to continue to be a major Value Builder.
Home Depot has a current Value Trend Rating of A (Highest Rating). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Home Depot has a neutral Power Rating of 52 but a very high Appreciation Score of 91, resulting in the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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