For its third fiscal quarter (ending October 31), The Home Depot Inc. (NYSE: HD) has reported a -10% decline in E.P.S. from $4.25 a year ago to $3.83 in the current quarter. For the latest four quarters through October 31, E.P.S. were $15.63 versus $16.65 for the same period a year ago — a decline of -6%.
Recent Price Action
The Home Depot Inc. (NYSE: HD) stock closed at $303.63 on 11/14/23 after a very large increase of 5.4%. Relative to the market the stock has been strong over the last nine months and has risen 3.1% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, HD is expected to continue to be a major Value Builder.
Home Depot has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Home Depot has a good Power Rating of 72 and a very high Appreciation Score of 95, and the Highest Value Trend Rating results.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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