The
Home Depot (NYSE:HD) shares experienced a series of transactions with Intech Investment Management LLC and several other firms selling off their shares. However, its long-term perspective remains strong as its stock traded 1.8% higher following an analyst upgrade. Despite this, it experienced a significant fall, missing revenue estimates due to high interest rates' impact on sales. It successfully acquired
SRS Distribution, indicating a market expansion by approximately
$50 billion. Its
first quarter fiscal 2024 results showed declined earnings, but guidance for fiscal 2024 was reaffirmed. Same-store sales fell for the sixth consecutive quarter contributing to a 0.6% stock trading decline. Despite analysts' new coverage, the stock had mixed projections with a price target raise to
$380.00 at Stifel Nicolaus, and the expectation of volatility in consumer spending. Home Depot geared towards innovation by extending its partnership with
Google Cloud and partnered with
Instacart for same-day deliveries. However, its stock remains favored by investors for its dividends and overall performance.
Home Depot HD News Analytics from Tue, 20 Feb 2024 08:00:00 GMT to Sun, 21 Jul 2024 18:41:02 GMT -
Rating 4
- Innovation 3
- Information 4
- Rumor 2
