As of the latest close ahead of the weekend, Home Depot (NYSE: HD) stock is trading around $343.32 per share, up roughly 3.5% on the day after gaining $11.49 in Friday’s session. The stock traded between an intraday low of $332.98 and a high of $346.89 on volume of about 7.4 million shares.
That rebound comes after a rocky week in which the home‑improvement giant reported mixed third‑quarter 2025 results, cut its full‑year profit guidance and saw its share price slide sharply. HD is still down about 14% in 2025 year to date, even as the S&P 500 has gained around 13% and the Dow about 8%. [1]
Below is a breakdown of what’s driving Home Depot stock today, what the latest numbers show, and what investors are watching next.
Home Depot stock today: where things stand
- Latest price: ~$343.32
- Daily move (Friday session): +$11.49, about +3.5%
- Day’s range: $332.98 – $346.89
- Year‑to‑date performance: roughly –14% vs. +13% for the S&P 500 and +8% for the Dow Jones Industrial Average. [2]
This week’s rally partly reverses the post‑earnings sell‑off. On 18 November, HD shares dropped in the 4–6% range after the company reported Q3 results and lowered its full‑year outlook, sparking concerns about the health of the housing and home‑improvement cycle. [3]
Even after the bounce, HD trades well below its recent highs and now makes up roughly 5% of the Dow Jones Industrial Average, underscoring how closely the broader market watches the stock. [4]
Q3 2025: revenue beat, earnings miss
Home Depot’s third quarter of fiscal 2025, ended 2 November, painted a nuanced picture:
- Net sales: $41.35 billion, up 2.8% year over year, beating Wall Street expectations of about $41.1–$41.2 billion. [5]
- Comparable sales: up 0.2% overall, with U.S. comps edging 0.1% higher – essentially flat in real terms. [6]
- Customer transactions: down about 1.4–1.6%, indicating fewer trips per customer. [7]
- Average ticket: up roughly 2% to $90.39, meaning shoppers who do visit are spending a bit more per trip. [8]
- GAAP diluted EPS: $3.62 vs. $3.67 a year earlier. [9]
- Adjusted EPS: $3.74, down from $3.78 last year and below analyst expectations around $3.83–$3.84. [10]
So, top line growth was solid, but profitability slipped and earnings missed estimates for another quarter. Operating margin fell to about 12.9% from 13.5% a year ago, reflecting higher costs and a tougher demand environment. [11]
What management is saying
CEO Ted Decker and his team highlighted several factors on the earnings release and subsequent commentary:
- A “lack of storms” in the quarter meant fewer emergency repair projects, which typically boost categories like roofing, lumber and generators. [12]
- The expected uptick in demand simply didn’t show up: underlying demand remained stable but not improving.
- Consumer uncertainty and pressure in the housing market are “disproportionately impacting home improvement demand.” [13]
In short, Home Depot is executing reasonably well, but macro and housing headwinds are proving stronger than hoped.
Lowered 2025 outlook: the main overhang on HD stock
The biggest negative surprise — and the primary driver of this week’s volatility in HD stock — was an updated full‑year outlook that points to weaker profitability than previously expected.
According to the company and subsequent coverage:
- Home Depot now expects fiscal 2025 adjusted EPS to decline about 5% versus fiscal 2024’s $15.24 per share. It had previously guided for roughly a 2% decline. [14]
- Management now projects about 3% sales growth for the year, slightly above the prior 2.8% forecast, but with comparable sales only “slightly positive” (down from earlier guidance for ~1% comp growth). [15]
- MarketBeat’s summary of the company’s guidance notes a full‑year adjusted EPS target of about $14.48, below analyst expectations near $15.13. [16]
At today’s price near $343, the stock trades at roughly 24 times that updated 2025 EPS guidance — a multiple investors may view as demanding for a retailer currently in a profit downturn (this valuation ratio is an approximation based on the company’s guidance). [17]
This combination — slower earnings, cautious commentary and a still‑hefty valuation — goes a long way in explaining why Home Depot stock is lagging the broader market in 2025 even after Friday’s bounce.
Housing slump and cautious consumers: the core story behind HD
Home Depot’s results mirror the broader slowdown in U.S. housing and big‑ticket spending:
- U.S. home turnover is at its lowest level in decades, with only about 28 out of every 1,000 homes changing hands between January and September, according to Redfin data cited in recent coverage. [18]
- Higher mortgage rates and elevated costs of living have pushed many homeowners to delay buying, selling or undertaking major renovations — a trend CEO Ted Decker described as a “wait‑and‑see” stance on large projects. [19]
At the same time, Home Depot’s own “Pro Forecast” research points to a gradual recovery rather than a sudden boom:
- Fannie Mae expects total home sales of about 4.72 million in 2025, rising to 5.16 million in 2026, suggesting a slow thaw in housing activity. [20]
- Home Depot’s internal outlook anticipates modest growth in the professional (“Pro”) market of roughly 2.9% in 2026, not a surge. [21]
The takeaway for Home Depot stock is straightforward: near‑term growth is constrained, but the underlying drivers — aging homes, under‑built housing stock and eventual rate cuts — still support a longer‑term recovery thesis once macro conditions ease.
Strategic pivot: leaning into “Pro” customers and acquisitions
Even as demand slows, Home Depot is doubling down on professional contractors and builders, rather than just do‑it‑yourself consumers:
- In 2024, the company closed its $18.3 billion acquisition of SRS Distribution, a major distributor focused on roofing, landscaping and pools with a heavy wholesale customer mix. [22]
- In 2025, it completed the acquisition of GMS (via SRS) for about $5.5 billion enterprise value, adding drywall, ceiling and other specialty building materials. [23]
On the recent earnings call, management reiterated that the home‑improvement market is a trillion‑dollar opportunity split roughly 50/50 between Pro and consumer, and that Home Depot still sees significant room to deepen its share of Pro spending through wholesale‑style capabilities, trade credit and specialized support. [24]
For investors tracking HD stock, these deals are important for two reasons:
- They pressure near‑term margins (acquisition costs and integration work), which helps explain part of the EPS decline. [25]
- They also expand Home Depot’s earnings power once the housing cycle turns, giving the company more exposure to big, multi‑year Pro projects rather than just small DIY purchases. [26]
Institutional interest, dividend and analyst stance
Despite the stock’s pullback, institutional ownership remains high and income investors still pay attention to HD’s dividend profile:
- Recent 13F filings show MUFG Securities Americas raised its Home Depot stake by 25.3% in Q2, to just over 22,000 shares (about $8.1 million at recent prices). Overall, roughly 70.9% of HD shares are held by hedge funds and other institutions. [27]
- Home Depot has declared a quarterly dividend of $2.30 per share (annualized $9.20), implying a yield of around 2.7% at current prices. The next ex‑dividend date is 4 December 2025. [28]
- MarketBeat’s aggregation of analyst views characterizes HD as a “Moderate Buy” with an average price target near $410, suggesting upside from current levels if the company can execute and the macro backdrop improves. [29]
It’s important to emphasize that these figures reflect analyst opinions, not guarantees. Investor sentiment can change quickly in response to economic data, interest‑rate expectations or new company guidance.
What today’s move in Home Depot stock could mean
Friday’s bounce in Home Depot stock doesn’t erase the challenges facing the company, but it does hint at how investors may be thinking right now:
Potential positives investors are focusing on:
- Resilient sales despite a weak housing backdrop (2.8% revenue growth, slight positive comps). [30]
- Strong balance sheet and scale, which Fitch and other observers believe position Home Depot to ride out the downturn and gain share over time. [31]
- Strategic exposure to Pro customers and newly acquired distribution platforms that could amplify earnings when housing activity normalizes. [32]
- A solid dividend yield backed by consistent cash generation. [33]
Key risks the market is still wrestling with:
- Lowered 2025 profit guidance and the possibility that estimates could be cut again if housing stays sluggish longer than expected. [34]
- Margin pressure from higher operating expenses, tariffs, wage inflation and integration costs from recent deals. [35]
- Ongoing consumer and housing uncertainty, with real‑estate activity at multi‑decade lows and homeowners hesitant to take on big projects. [36]
For now, HD remains a classic “quality in a tough cycle” story: a best‑in‑class operator facing cyclical headwinds rather than a broken business model. Whether Friday’s rally is the start of a more durable recovery or just a brief relief bounce will likely depend on:
- The path of interest rates and mortgage costs
- Signs of a pickup in housing turnover and remodeling demand
- Home Depot’s ability to translate its recent acquisitions into higher Pro revenue and improved margins
Quick FAQ: Home Depot stock today (November 22, 2025)
Is Home Depot stock up or down today?
As of the latest close ahead of the weekend, Home Depot stock finished around $343, up roughly 3.5% on Friday’s session. That said, it remains down about 14% so far in 2025. [37]
Why did Home Depot stock fall earlier this week?
Shares dropped sharply after the company reported mixed Q3 results, with an earnings miss and a bigger‑than‑expected cut to full‑year profit guidance, citing weak housing activity and cautious consumers. [38]
What is Home Depot’s outlook for 2025?
Home Depot expects sales to grow about 3% in fiscal 2025 with slightly positive comparable sales, but it now forecasts adjusted EPS down around 5% versus last year, reflecting softer demand and margin pressure. [39]
Does Home Depot pay a dividend?
Yes. The company recently declared a $2.30 quarterly dividend ($9.20 annualized), implying a yield of roughly 2.7% at recent prices, with the next ex‑dividend date scheduled for 4 December 2025. [40]
Is this article financial advice?
No. This overview is for information and news purposes only and is not personalized investment advice. Anyone considering buying or selling Home Depot (HD) stock should evaluate their own financial situation and, if needed, consult a qualified financial professional.
References
1. www.nasdaq.com, 2. www.nasdaq.com, 3. www.reuters.com, 4. www.nasdaq.com, 5. ir.homedepot.com, 6. ir.homedepot.com, 7. ir.homedepot.com, 8. ir.homedepot.com, 9. ir.homedepot.com, 10. www.marketbeat.com, 11. www.investopedia.com, 12. www.post-journal.com, 13. www.reuters.com, 14. www.post-journal.com, 15. www.post-journal.com, 16. www.marketbeat.com, 17. www.marketbeat.com, 18. www.post-journal.com, 19. www.nasdaq.com, 20. www.homedepot.com, 21. www.homedepot.com, 22. www.nasdaq.com, 23. www.nasdaq.com, 24. www.nasdaq.com, 25. ir.homedepot.com, 26. www.nasdaq.com, 27. www.marketbeat.com, 28. www.marketbeat.com, 29. www.marketbeat.com, 30. ir.homedepot.com, 31. www.post-journal.com, 32. www.nasdaq.com, 33. www.marketbeat.com, 34. www.reuters.com, 35. www.reuters.com, 36. www.nasdaq.com, 37. www.nasdaq.com, 38. www.reuters.com, 39. www.post-journal.com, 40. www.marketbeat.com
