The Home Depot, Inc. (NYSE:HD) recently released its full-year earnings as well as its fourth-quarter results for the fiscal year 2024, which beat Wall Street expectations. This has caused some analysts and investors to agree that it might be time to buy the stock, as HD is expected to reach new highs in 2025. The announcement also included news of a planned dividend increase and expansion plans for new locations in 2025. Despite solid Q4 results, the outlook for future performance fell short of predictions, yet the dividend stock remains a promising buy for many. Different firms including US Bancorp DE, SVB Wealth LLC, and others have recently bought a significant number of HD shares. Meanwhile, several firms, including Los Angeles Capital Management LLC and Flputnam Investment Management Co., have reduced their HD stock positions. HD also declared a larger dividend than last year. Numerous financial firms have changed their positions in the chain, indicating a mixed sense of the company's direction. Overall, while the stock may be poised for strong performance, the company has advised caution.
Home Depot HD News Analytics from Mon, 03 Feb 2025 08:00:00 GMT to Sat, 01 Mar 2025 23:46:08 GMT -
Rating 8
- Innovation 6
- Information 7
- Rumor 5
