Home Depot (NYSE:HD) Successfully Overcomes Final Regulatory Obstacle in GMS Acquisition
Written by Emily J. Thompson, Senior Investment Analyst
Source: TipRanks
Home Depot's Acquisition of GMS: Home Depot has successfully cleared the final regulatory hurdle for its $4.3 billion acquisition of GMS, allowing it to enhance its offerings in the professional builder market and combine GMS with SRS Distribution.
Unexpected Visitor at Home Depot: A Cane Corso named Ghost was spotted in a Home Depot store, delighting customers and potentially influencing sales through its friendly presence, amidst a backdrop of positive analyst ratings for Home Depot's stock.
Analyst Views on HD
Wall Street analysts forecast HD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for HD is 409.91 USD with a low forecast of 320.00 USD and a high forecast of 497.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
24 Analyst Rating
18 Buy
5 Hold
1 Sell
Moderate Buy
Current: 379.160
Low
320.00
Averages
409.91
High
497.00
Current: 379.160
Low
320.00
Averages
409.91
High
497.00
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.
