Why is Home Depot stock worth so much?

Why is Home Depot stock worth so much?

Much of the value accumulated between 2011 and 2019 likely comes from the company’s ability to expand into other areas, meet consumer expectations, keep overhead relatively low, and earn strong profits.

How high will Home Depot stock go?

Home Depot Inc (NYSE:HD) The 29 analysts offering 12-month price forecasts for Home Depot Inc have a median target of 356.00, with a high estimate of 470.00 and a low estimate of 300.00.

When did Home Depot stock split?

Stock Splits

Split Record Date Price
2 for 1 06/01/1983 54
3 for 2 09/08/1987 35 7/8
3 for 2 06/14/1989 39
3 for 2 06/14/1990 57 7/8

Is it worth buying Home Depot stock?

A tremendous stock such as Home Depot deserves to be trading at a moderate premium to the market, in my opinion. The stock’s trailing 12-month dividend yield of 2.2% is also slightly higher than the 13-year median of 2% — another indication that the stock is a buy for dividend growth investors.

Is Home Depot a buy now?

Home Depot is expected to post earnings of $3.67 per share for the current quarter, representing a year-over-year change of -4.9%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged. The consensus earnings estimate of $16 for the current fiscal year indicates a year-over-year change of +3%.

Is Home Depot a buy right now?

Will Home Depot increase dividend in 2022?

Home Depot (HD) will raise its quarterly dividend by 15.2 percent to $1.90 per share in 2022. This comes after a dividend hike 10 percent to $1.65 per share in 2021 and marks the 13th consecutive year of annual dividend increases by the world’s largest home improvement retailer.

Will Home Depot raise its dividend in 2021?

The Home Depot Announces Fourth Quarter and Fiscal 2021 Results; Increases Quarterly Dividend by 15 Percent; Provides Fiscal 2022 Guidance. ATLANTA , Feb. 22, 2022 /PRNewswire/ — The Home DepotĀ®, the world’s largest home improvement retailer, today reported fourth quarter and fiscal 2021 results.

What happens when a stock splits?

A stock split is when a company’s board of directors issues more shares of stock to its current shareholders without diluting the value of their stakes. A stock split increases the number of shares outstanding and lowers the individual value of each share.