HD Stock Recent News
HD LATEST HEADLINES
Home Depot (HD 0.05%) management is focusing on serving the professional customer as home improvement spending remains muted.
HD's big-ticket remodeling sales stay sluggish as high interest rates push consumers toward smaller, seasonal home improvement projects.
The second half of the year is a great time for folks to review what companies they are invested in, why they are invested in them, and to update their watch lists with exciting stocks to buy.
I track 50 high-quality dividend growth stocks to identify opportune investments, updating valuation ratings daily to focus on attractive opportunities. In this turbulent year, my investable universe kept up with SPY and outperformed SCHD year-to-date, with a gain of 5.63% compared to 5.72% and -2.13%. This month, 18 stocks had valuation rating changes; 5 were upgrades, including Paychex with an attractive expected return.
On Tuesday, investors continued to digest Monday's news from Home Depot (HD 1.78%) that it had made a fresh acquisition. Meanwhile, several analysts felt compelled to issue updates on the stock, and these tended to be bullish.
Aiming to expand its reach to professional contractors, Home Depot (HD) announced it will be acquiring GMS Inc. (GMS) for $4.3 billion or $5.5 billion when including debt.
Bank of America Securities analyst Robert F. Ohmes maintained a Buy rating on Home Depot HD with a price target of $450 on Tuesday.
Home Depot is expanding its moat by acquiring SRS and GMS, targeting large contractors and unlocking new growth and efficiency levers. These acquisitions position HD for steady long-term growth, broaden its customer base, and reduce reliance on DIY and small contractors. While the deals are expensive, HD's strong track record and expected synergies support confidence in future free cash flow and shareholder returns.
Home Depot advances its 'One Home Depot' plan with the pending acquisition of GMS to boost specialty distribution.
Home Depot (HD) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.