Home Depot (HD) stock has experienced a more significant drop than the broader market, and despite a market upturn, the stock continues to fall. Lowe's made a
billion-dollar acquisition attempting to compete with Home Depot.
Capital International Investors and other institutional owners favor HD and have bought shares despite the price dips. However, other firms, like Capital International Sarl and Capital Group Investment Management, have reduced their holdings. Nonetheless, HD remains a top pick for premium dividend stocks and retirement portfolios.
Fourth quarter and fiscal 2024 results show an increase in the company’s quarterly dividend by
2.2%, and HD also provided
FY 2025 guidance. Despite these positives, some analysts advice against buying the dip.
Earnings reports highlight robust performance and the company just raised its dividends. Some predictions suggest that HD stock could double in the next five years.
Future outlook shows a tricky competition between Home Depot and Lowe’s, with arguments favoring both sides. HD announced a $72M acquisition of a site in Watertown, reinforcing its ambitious growth strategy. Yet caution remains, with observers noting slow growth and overvaluation in HD stocks.
Home Depot HD News Analytics from Tue, 12 Nov 2024 08:00:00 GMT to Sat, 19 Apr 2025 16:00:08 GMT -
Rating -6
- Innovation -3
- Information 8
- Rumor 2
