Latest news with #HD
Business Insider
20 hours ago
- Business
- Business Insider
'…Buy Home Depot When it's Not (Hot)' Jim Cramer Comes Out for Home Depot Stock (NYSE:HD)
An unexpected win for home improvement stock Home Depot (HD) emerged today as notorious stock analyst Jim Cramer of CNBC fame stepped in to declare Home Depot a good buy. This did nothing for investors, though, who promptly sold in droves, sending Home Depot shares down nearly 2% in Tuesday afternoon's trading. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Cramer's logic was oddly sound. Cramer, not incorrectly, pointed out that Home Depot is virtually '…synonymous with the housing market.' He further pointed out that '…the housing market stinks.' This might be a bit more debatable. But Cramer then noted that he, and those involved with what he called the 'Charitable Trust,' have been buying in on Home Depot for some time now. Cramer notes that Home Depot is not just about home sales, but much more about home renovation, a point we raised yesterday in discussing Home Depot. Cramer declared that people were largely uninterested in Home Depot unless it looked like it was closing in on a new high. That would be a bad idea, Cramer noted, summing it up with one pithy pair of sentences: 'They want to buy Home Depot when it's hot. I want to buy Home Depot when it's not.' ICEBlock Steps In Home Depot stores have become a new battleground for illegal immigration, as many illegal immigrants find work by standing around the parking lots and waiting to help someone with whatever home improvement project they are buying material for at the Home Depot. That is where ICEBlock steps in and makes the picture a little murkier and a little more dangerous. ICEBlock is an app that allows users to '…report and view real-time sightings of ICE agents within a five-mile radius.' That in turn is drawing fire from the federal government, who consider it more a way to '…compromise…immigration enforcement and endanger…federal agents.' Since ICE is often seen descending on Home Depot these days—for the reason in question—that is prompting safety concerns about going to Home Depot stores and potentially getting caught in an ICE raid. Is Home Depot a Good Long-Term Buy? Turning to Wall Street, analysts have a Strong Buy consensus rating on HD stock based on 18 Buys and six Holds assigned in the past three months, as indicated by the graphic below. After a 0.27% rally in its share price over the past year, the average HD price target of $430.44 per share implies 18.81% upside potential.
Digital Trends
a day ago
- Business
- Digital Trends
Upgrade your TV with this Roku streaming device — on sale at lowest price so far
If you bought an affordable TV for Prime Day, you can turn it into a smart TV or change its operating system into a more streamlined one with the Roku Streaming Stick. The good news is that the streaming device is currently on sale for its lowest-ever price of just $19, following a 37% discount from Amazon on its original price of $30. This is a limited-time deal though, so you need to hurry with your purchase if you want to get it with $11 in savings — especially if you're planning to buy it for more than one TV! Why you should buy the Roku Streaming Stick Two new Roku streaming sticks were introduced a few months ago — the Roku Streaming Stick Plus that supports 4K HDR, and the Roku Streaming Stick that supports HD resolution. They replace the brand's Express streaming devices, and the Roku Streaming Stick is the most affordable model in the current lineup. It's very easy to use — just plug it into your TV's HDMI port, follow the onscreen instructions to connect it to your home's Wi-Fi network, and you're done. The Roku Streaming Stick will let your non-smart TV access the Roku platform, from which you can launch all of the popular streaming services for a limitless library of shows and movies to watch. If you own a smart TV but you find its operating system a bit slow or cluttered, the Roku Streaming Stick will fix that as the Roku platform is quick and streamlined. The remote that comes with the device will allow you to control it and your TV, and it will also let you go hands-free because it accepts voice commands. The Roku Streaming Stick packs a lot of value at its sticker price of $30, which makes it even more attractive at its current price of just $19 from Amazon. The 37% discount brings the streaming device down to its lowest price so far, so don't miss this chance at savings of $11 when buying it. The offer may end at any moment, so you shouldn't be hesitating if you need the Roku Streaming Stick — complete your transaction immediately so that you can start using it with your purchases from streaming deals very soon!
Business Insider
2 days ago
- Business
- Business Insider
'Recent Record-Setting Activity' Prompts Jefferies Boost for Home Depot (NYSE:HD)
The good thing about home improvement stocks like Home Depot (HD) is that there is a case for them no matter what the broader economy is doing. In good times, Home Depot becomes a valuable means to fix up houses for flipping, or to satisfy pent-up demand. In bad times, it becomes a way to make your current space more livable as you spend more time there. That is a bit of why Jefferies analysts hiked their price target on Home Depot, though investors were less than pleased. Investors actually sent shares down fractionally in Monday afternoon's trading. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Jefferies analysts hiked the price target on Home Depot from $456 per share to $460 instead, citing recent '…record-setting activity in the Home Equity Line of Credit (HELOC) market…' as the main driver. The reports suggested that the gains in HELOC were enough to spark up a hike to its '…multi-year forecast for repair & remodel industry spend.' Further, the market itself contributed to Jefferies' assessment. Jefferies analysts noted '…the market has been discounting the EPS tailwind for HD…with no clear shift in homeowner mindset toward monetization.' But that is likely changing. It might be a bridge too far to suggest that all that HELOC activity is going toward home renovation and repair —some of it may just be going to paying the bills—but certainly some of it is. That in turn means more cash going into Home Depot, along with its competitors in the market space like Menards. Home Designers Love This Aisle And all that HELOC money has to go somewhere, you know. So where do home designers like to go most when they hit a Home Depot store? It is not the paint aisle, or even the tile section. As it turns out, it is the garden supply section that most draws their interest. With so many upscale and 'boutique' garden supply stores available, why Home Depot? As it turns out, Home Depot plants are actually both affordable and versatile, with a wide variety of species available for purchase from fiddle leaf figs to ficus trees. And, given how affordable these plants are, that makes their purchase that much more viable. Just to top it off, the plants are fully grown, which means they are ready to go as-is. Is Home Depot a Good Long-Term Buy? Turning to Wall Street, analysts have a Strong Buy consensus rating on HD stock based on 18 Buys and six Holds assigned in the past three months, as indicated by the graphic below. After a 3.24% rally in its share price over the past year, the average HD price target of $428.74 per share implies 16.92% upside potential. Disclosure
Yahoo
2 days ago
- Business
- Yahoo
Can Home Depot's Technology Investments Fix Sluggish DIY Sales Trends?
At The Home Depot Inc. HD, do-it-yourself (DIY) projects are central to the business, involving home improvement tasks that customers undertake without professional assistance. These range from small jobs like painting and gardening to more complex upgrades like flooring or minor kitchen remodels. Larger projects, like bathroom or kitchen remodels, often depend on financing, making them more sensitive to interest rates and economic Depot's first-quarter fiscal 2025 results showed signs of resilience, but DIY demand remains sluggish amid a high-rate environment that continues to dampen large remodeling projects. While customers stayed engaged with smaller tasks and spring promotions, the bigger-ticket renovations, often financed, are still on hold, limiting stronger sales counter this, HD is leaning heavily into tech. The company is rolling out AI tools like "Magic Apron" to bring store-level expertise online and launching generative AI support for associates to improve product knowledge in real time. Additionally, tools like the Pocket Guide and localized certifications aim to boost associate engagement and customer satisfaction in DIY, Home Depot's focus on its Pro ecosystem, including enhanced trade credit, better delivery speed and order management, shows promise. Pro sales outpaced DIY in the fiscal first quarter, and SRS, now managing trade credit, is already delivering results. While tech investments alone may not ignite a DIY boom, these are strengthening Home Depot's foundation, ensuring it is ready to capture market share when the deferred $50 billion in home improvement demand finally unlocks. In the DIY space, Home Depot faces strong competition from Lowe's Companies Inc. LOW, its closest rival with a similar customer base and nationwide footprint. Floor & Decor FND is also a growing competitor, particularly in flooring and hard surface categories, wherein it appeals to value-conscious DIYers with a focused, warehouse-style format and project-specific DIY business remains under pressure from weak big-ticket demand, but the company is driving engagement through tech tools like the AI-powered Mylow and its more than $30 million-member loyalty program. Seasonal events, affordable product innovations and data-driven marketing aim to lift DIY sales. With a strategy that closely mirrors Home Depot's, Lowe's is focused on improving experience and value to stay competitive in a soft but critical & Decor's DIY business remains a strong growth engine, driven by its focus on value pricing, in-store design services, and a wide selection of hard-surface flooring. The company caters to project-minded homeowners with easy-to-navigate stores and knowledgeable staff. Its DIY appeal overlaps with Home Depot's flooring segment, but FND's specialty focus and curated assortments give it an edge in experience and execution for flooring-specific home improvement projects. HD shares have lost 4.8% year to date compared with the industry's decline of 7.9%. Image Source: Zacks Investment Research From a valuation standpoint, Home Depot trades at a forward price-to-earnings ratio of 23.65X, significantly higher than the industry's 20.89X. It has a VGM Score of B. Image Source: Zacks Investment Research The Zacks Consensus Estimate for HD's fiscal 2025 earnings implies a year-over-year decline of 1.3%, whereas its fiscal 2026 earnings estimate indicates year-over-year growth of 9.1%. Earnings estimates for fiscal 2025 and 2026 have been unchanged in the past 30 days. Image Source: Zacks Investment Research Home Depot currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lowe's Companies, Inc. (LOW) : Free Stock Analysis Report The Home Depot, Inc. (HD) : Free Stock Analysis Report Floor & Decor Holdings, Inc. (FND) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Business Insider
6 days ago
- Business
- Business Insider
Free Tools: Home Depot (NYSE:HD)Takes on Prime Days With Big Sales
There are few things that catch the eye quite like the phrase 'free (fill-in-the-blank).' It does not especially matter just what that thing is; if it is free, there will likely be interest. That is what home improvement giant Home Depot (HD) is out to do with a new promotion that looks to take on Amazon (AMZN) right in the heart of its Prime Days promotion. Investors were pleased by the sheer bravado of it all, and sent shares up modestly in the closing minutes of Thursday's trading. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Home Depot is slashing prices on power tools, noted one report, with sale prices down up to 50% over normal levels. There are indeed free tools available, part of several 'buy-one-get-one' combinations with the DeWalt brand all over them. However, there is a downside; today marks the end of several of these deals. For investors, though, today will likely be a very good day as shoppers step in, looking for—and likely finding—great deals. Home Depot will be covering the waterfront in terms of available tools: from saws to sanders, from powered ratchets to the batteries to run them, and well, well beyond, Home Depot will have it on offer and at a healthy discount. Helping Texas Rebuild A major natural disaster, like the central Texas flood, is a perfect opportunity for a home improvement giant like Home Depot to step in and offer aid. Not only is the product line tailor-made for addressing the biggest problem—damaged homes—but also, addressing that need publicly encourages returning shoppers. To that end, Home Depot is offering up $250,000 to disaster relief efforts in various communities in central Texas. Not only is Home Depot reaching out to its usual partners in such efforts, like Convoy of Hope, Operation Blessing and Team Rubicon, but also, Home Depot is turning to its own supply chain for help. Home Depot addressed its '…vendors and distribution centers,' looking for 'essential supplies' that would need to go to stores in the area as a means to supply the emergency response and the events that follow. In fact, one Home Depot parking lot is currently being used as an '…EMS command post.' Is Home Depot a Good Long-Term Buy? Turning to Wall Street, analysts have a Strong Buy consensus rating on HD stock based on 19 Buys and six Holds assigned in the past three months, as indicated by the graphic below. After a 4.88% rally in its share price over the past year, the average HD price target of $427.65 per share implies 14.41% upside potential.
