Home Depot Gets With the PROgram
In what is becoming old hat for the giant home-improvement retailer, Home Depot Inc (NYSE: HD) posted another solid quarterly earnings report earlier this month. The company's revenue rose to $25 billion, an 8.1% increase year over year, and net earnings grew to $2.17 billion, a 10% increase year over year. The strong results were driven by positive comparable-store sales, which increased companywide by 7.9%.
Obviously, many factors go into Home Depot's success, but what keeps jumping out at me is the company's perpetual ability to draw in the "professional" customer. Home Depot's ability to attract this particular customer, one who, on average, has deeper pockets and visits the company's stores more frequently, is why it has continued to outperform the market, even while most brick-and-mortar retailers have struggled.
Here's a look at the company's most important numbers:
Source: Fool.com
Home Depot Inc. Stock
The stock is one of the favorites of our community with 43 Buy predictions and 3 Sell predictions.
As a result the target price of 366 € shows a slightly positive potential of 17.5% compared to the current price of 311.5 € for Home Depot Inc..