AllAnalyst Report
logoArgusJanuary 23, 2023

The Home Depot, Inc.: Recent indicators point to growth but at a declining pace

Symbols
HD
Sector(s)
Consumer Cyclical
Rating
Current Price
$385.89
Price Target
Earnings Estimate
Summary

Home Depot is the world's largest home improvement retailer, with sales of $151 billion for the fiscal year ended January 30, 2022. The company, which is based in Atlanta, sells appliances, tools, paint, lumber, plumbing, and electrical, garden and other home-improvement supplies in warehouse-sized stores that average 105,000 square feet. About 36% of sales came from building materials, 33% from d‚cor, and 31% from hardlines such as tools. The company's total selling space is about 240 million square feet. At the end of FY22, Home Depot had 2,317 stores. Approximately 28% of U.S. stores are in California, Florida and Texas. About 8% of the stores are in Canada and 4% are in Mexico. The company's fiscal year ends on the Sunday nearest to January 31. The current fiscal year will end on January 28, 2023.

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Analyst Profile

Chris Graja, CFA

Senior Analyst: Retail
Chris covers the Consumer sector for Argus. He was the #1 Stock Picker in the Household Durables sector, winning the 2019 StarMine U.S. Analyst award from Refinitiv. He was the #1 Stock Picker in Food and Staples Retailing, winning back-to-back U.S. Analyst Awards in 2015 and 2016. He received a prestigious Volunteer of the Year award from the New York Society of Security Analysts in 2000. Prior to Argus, Chris spent 16 years at Bloomberg Financial Markets. He was the Director of Training and a Senior Researcher for Bloomberg’s research division before joining the new Bloomberg magazine as Technical Studies Editor in 1993. He rose to Executive Markets Editor of the publishing group. Chris co-authored the book “Investing in Small-Cap Stocks,” which was published in three U.S. editions, an audio book, and two Chinese editions. Chris earned an MBA from Rutgers University. He is a CFA charterholder.