Editor: Vladimir Bajic | Tactical Investor
HD Stock Price Trends
Before we examine the HD stock quote article lets take a look at quick look at its business model
The Home Depot, Inc. engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products, and decor products. The company was founded by Bernard Marcus, Arthur M. Blank, Kenneth Gerald Langone, and Pat Farrah on June 29, 1978, and is headquartered at Atlanta, GA. money.cnn
The Home Depot Inc is the world’s largest home improvement speciality retailer, operating nearly 2,300 warehouse-format stores offering more than 30,000 products in-store and 1 million products online in the United States, Canada, and Mexico.
The acquisition of distributor Interline Brands in 2015 allowed Home Depot to enter the maintenance, repair, and operations sector, while the tie-up with Company Store brought textile expertise to the lineup. morningstar
HD stock quote And future price trends
It needs to close above 222 on a monthly basis and it will be on its way to put in a series of new all-time highs. Until that point, the ride up is expected to be volatile and investors can use strong pullbacks to add to or open their positions. 12 months from today we envision the price to be north of 290 with a possible overshoot to 330.
HD EPS Earnings Projections
The coronavirus produced some spectacular bargains. In fact, some stocks are virtually being given away when inflation is factored into the equation. However, HD was not one of them, while the stock dipped it did not crash like some of the other candidates and has since recouped almost all its loses. Looking at EPS while it is set to decline initially, the EPS is projected to stabilize and trend upwards towards the beginning of 2021
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