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Friday, November 27, 2020

The Rejuvenation of The Home Depot Inc. (NYSE:HD)

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The Home Depot Inc. (HD) shares are trading at lower $286.13 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $255.74.

To add more color to this target, the company’s high over the last year is $290.58 and the low is $140.63. Over the last 52 weeks, HD is up 30.86% while the S&P 500 is up 19.49%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, HD reported a profit of $9.63 billion. The Home Depot Inc. also saw revenues increase to $28.26 billion. In addition, HD has free cash flow of $5.15 billion as of 04-2020. The company’s EBITDA came in at $3.88 billion which compares well with its peers.

HD booked profit margins of 10.00%, its Return on Equity (ROE) is -508.20%, and its Return on Assets is 21.00%. All told, it is clear that, HD needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. HD has a short ratio of 1.68 and outstanding shares of 1.08B.

Company Outlook

HD has seen increased volume after this news and investors are putting their support behind the value proposition. Traders will also note the company’s earnings per share came in at 10.06. The Home Depot Inc. HD also noted assets of $58.74 billion at the end of the last quarter. Investors should also keep an eye on sector updates as HD has historically followed its peers on positive news.

All told, The Home Depot Inc. HD has strung together solid data and demonstrated underlying fundamentals. At its current valuation, HD represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

The Home Depot Inc. HD is now commanding a market cap of 304.97B and a float of 1.07B. HD is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of HD stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in HD, either long or short, and we have not been compensated for this article.

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