Buy Home Depot
About Home Depot (HD)
The Home Depot is a home improvement retailer with more than 2,250 physical locations across 50 U.S. states, Canada and Mexico. The National Retail Federation, a trade group, ranks HD among the largest U.S. retailers based on sales. The performance of HD is often regarded as an indicator of American homeowner sentiment because of its product focus.
The most recent reported operations recorded an annualized pace of 1.8 billion individual transactions across digital and physical-location sales. HD also derives income from installation programs connecting contractors with homeowners.
Like other major brick-and-mortar retailers, HD initially saw traffic to stores collapse during the Covid-19 lockdown. Digital sales soared by 100% during a three-month period ending Sept. 1. Consumers stuck at home concentrated on repairs and upgrades lifting HD’s total revenues for the first nine months of the year by 18% versus the same period in 2019, despite store closures. Consensus analyst estimates now call for the company to earn $11.81 per share in the fiscal year 2021 based on projected sales of $130 billion.
What is the price of HD?
As of mid-January 2021, HD traded at about $280 per share. An S&P 500 component with a market capitalization exceeding $300 billion, HD shares are as liquid as they come, with over 3.5 million shares trading hands daily. At $6 per share, the company’s dividend provides a yield of 2.2%.
The share price of HD rose by 17.4% in 2020 after a rebound of more than 80% from a low reached in March.
How to buy HD
With Uphold, you can buy equities in just 11 clicks - even if you don’t have an account yet.
Nothing could be easier.
Here’s how fast it is to get started:
1. Go to Uphold.com and click sign up.
2. Enter your email address and personal details.
3. Click the link we send you and create a password
… and you’re off to the races!
Just start trading.
*U.S. stock trading is not available in the U.S., U.K., and certain other jurisdictions.
This article is for informational purposes only and takes no account of particular personal or market circumstances, and should not be relied upon as investment, tax, or legal advice. For investment, tax, or legal advice, and before taking any action you should consult your own advisors. Note that assets such as equities present unique risks for investors.
This content is correct as of February 2021
Get more coin for your coin
0% deposit fees 0% withdrawal fees