Home Depot, stocks
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Home Depot reiterated full-year guidance for total revenue growth of about 2.8% and comparable-store sales growth of 1%. The company did not repurchase any shares during the quarter, but it continues to pay a dividend that is currently yielding 2.4%. Over the past five years, Home Depot has reduced its share count by more than 7%.
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $429.88, a high estimate of $455.00, and a low estimate of $391.00. Highlighting a 3.79% decrease, the current average has fallen from the previous average price target of $446.82.
The mild move in pre-market trading is nothing new. In fact, in the prior seven quarters, the one-day change after Home Depot reported earnings has seen the stock move less than 3% (and five of those instances were less than 1.5%).
Home Depot (HD) topped its first quarter revenue estimates ($39.86 billion vs. expectations of $39.29 billion) while falling just shy of adjusted earnings estimates ($3.56 vs. estimates of $3.59 per share).
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Live Updates Live Coverage Updates appear automatically as they are published. Big-Ticket Remodeling Remains Frozen — For Now 11:36 am One of the clearest pressure points for Home Depot this quarter: big-ticket discretionary remodeling is still stalled.
The comments came alongside the company’s first-quarter results, where Home Depot missed earnings estimates for the first time since May 2020 but topped revenue expectations. The retailer reaffirmed its full-year forecast, which assumes the recently lowered 30% tariff rate on Chinese imports remains in place.
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Trump’s tariffs and the global trade war continue to affect markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.
Home Depot (NYSE:HD) reported a solid increase in first-quarter sales, reaching USD 39,856 million, though net income and earnings per share slipped slightly. In the past month, shares rose by 6.85%,