Walmart Surges, Home Depot Stumbles: Retail Giants Navigate Conflicted Economy
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 16 2024
0mins
Source: Benzinga
Walmart's Performance: Walmart reported a net profit of $4.5 billion for the second quarter, exceeding Wall Street expectations, and raised its full-year revenue outlook despite cautioning about economic uncertainties affecting consumer spending.
Home Depot's Outlook: Home Depot lowered its sales forecast for 2024, anticipating a decline in comparable sales due to consumers tightening their spending amid rising interest rates and inflation, even as it posted a slight increase in profits.
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Analyst Views on HD
Wall Street analysts forecast HD stock price to rise
23 Analyst Rating
17 Buy
5 Hold
1 Sell
Moderate Buy
Current: 390.220
Low
320.00
Averages
401.47
High
441.00
Current: 390.220
Low
320.00
Averages
401.47
High
441.00
About HD
The Home Depot, Inc. is a home improvement specialty retailer. The Company offers an assortment of building materials, home improvement products, lawn and garden products, decor products, and facilities maintenance, repair, and operations products, in stores and online. It also provides various services, including home improvement installation services, and tool and equipment rental. The Company operates approximately 2,353 retail stores, over 800 branches and more than 325 distribution centers that directly fulfill customer orders across all 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. Its stores average approximately 105,000 square feet of enclosed space, with approximately 24,000 additional square feet of outside garden area. The Company serves two primary customer groups, including both do-it-yourself (DIY) and Do-It-For-Me (DIFM) customers and Professional Customers (Pros).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- High Occupancy Rate: The company owns over 15,500 single-tenant properties, with tenants including well-known brands like Home Depot and Dollar General, ensuring a nearly 99% occupancy rate that provides a stable income source for shareholders.
- Market Discount Advantage: Realty Income's stock is currently trading over 20% below its all-time high, which not only boosts its dividend yield to 5% but may also attract more investor attention, potentially driving future stock price increases.
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