Home Depot (HD) recently acquired SRS Distribution, reaching a $1 Trillion total addressable market. New investments in the company have been made by entities such as Holland Advisory Services Inc. and Johnson & White Wealth Management LLC. The company has announced its first quarter fiscal 2024 results and reaffirmed its fiscal 2024 guidance. Several firms, including Wedmont Private Capital and Rise Advisors LLC, have increased their stock position in Home Depot, while others like Destiny Wealth Partners and Farmers Trust Co. have trimmed theirs. Home Depot has shown volatile earnings, surpassing estimates in some quarters while missing in others, attributed partially to fluctuating interest rates impacting sales. Despite a flat stock performance for the year, it has seen a 5.6% increase since its last earnings report. Future projections and Wall Street speculation suggest potentials for stock growth. Another crucial element for Home Depot is its focus on the pro builder market with a substantial $18.3 billion deal. However, the company's same-store sales have dropped for six consecutive quarters, triggering some investor caution. Home Depot continues to aim for innovation in customer service, teaming up with Instacart to offer same-day delivery.
Home Depot HD News Analytics from Mon, 25 Sep 2023 10:44:11 GMT to Sun, 23 Jun 2024 20:23:12 GMT -
Rating 5
- Innovation -1
- Information 7
- Rumor -4
