Home Depot Stock Today (HD): Price, Outlook and Dividend Update for November 28, 2025

Home Depot, Inc. (NYSE: HD) ended the shortened Black Friday session modestly higher, continuing a tentative rebound after a turbulent earnings month and a difficult year for the home‑improvement giant.

As of the close on Friday, November 28, 2025, Home Depot stock finished around $356.92, up roughly 0.4% on the day, after trading between the mid‑$350s and high‑$350s on relatively light holiday volume of just over 2.1 million shares. ^[1]

The move came against a generally positive backdrop on Wall Street, where the S&P 500 gained about 0.5%, the Dow Jones Industrial Average rose 0.6%, and the Nasdaq added 0.7% to close out November on a five‑day winning streak. ^[2]

Because today is the first trading day after Thanksgiving in the U.S., the New York Stock Exchange and Nasdaq operated on shortened hours, closing at 1:00 p.m. Eastern Time, with bond markets also observing reduced hours. ^[3]

Home Depot stock today: key numbers at a glance

Closing price (Nov 28, 2025): ≈ $356.92 ^[4]
Daily change: about +0.4% versus Wednesday’s close near $355.47 ^[5]
Today’s trading range: roughly $353–$358 per share ^[6]
Volume: just over 2.1 million shares, well below the 4–10 million share days seen around the Q3 earnings release ^[7]
Market capitalization: around $354 billion ^[8]

Despite today’s green close, Home Depot remains firmly in “laggard” territory for 2025. MarketBeat data show the stock is down about 8% year‑to‑date and roughly 16% over the past 12 months, while the S&P 500 has climbed around 16% so far this year. ^[9]

In other words, Home Depot has underperformed the broad market by more than 20 percentage points in 2025—even after this week’s bounce.

Short‑term trend: cautious rebound after an earnings shock

Looking beyond today’s move:

Over the last five trading days, HD is up about 4%, helped by a sharp rally earlier this week. ^[10]
Over the past month, the stock is still down roughly 7%.
Over three months, the decline widens to about 12%. ^[11]

The turning point was November 18, when Home Depot reported Q3 fiscal 2025 earnings and cut its full‑year guidance. Shares dropped about 6% in a single session on that news and guidance reset. ^[12]

Since then, a mix of bargain hunting, dividend interest and broader market strength has helped the stock claw back some ground—but not enough to erase the year’s underperformance.

Inside Q3 2025: modest growth, soft margins, cautious guidance

Home Depot’s third‑quarter fiscal 2025 results (for the period ended November 2, 2025) were a classic “mixed bag”: top‑line growth, but slower earnings and a cautious outlook. ^[13]

Headline Q3 numbers

Net sales:$41.4 billion, up 2.8% year‑over‑year from $40.2 billion
Includes roughly $900 million from the GMS Inc. acquisition, representing about eight weeks of sales contribution in the quarter ^[14]
Comparable sales:
- Total company: +0.2%
- U.S. stores: +0.1% ^[15]
Net earnings: about $3.6 billion, essentially flat year‑over‑year
Diluted EPS (GAAP):$3.62, down ~1.4% from $3.67 in the prior‑year Q3 ^[16]
Adjusted diluted EPS:$3.74, slightly below last year’s $3.78 and missing analyst estimates of about $3.83. ^[17]

On a year‑to‑date basis (first nine months of fiscal 2025), Home Depot has generated about $126.5 billion in net sales, up 5.6% from the prior year—again aided by acquisitions. ^[18]

Guidance cut that rattled investors

The real shock for the stock wasn’t Q3 itself but the revised fiscal 2025 guidance:

Total sales growth: about 3% for the year, with roughly $2.0 billion of that coming from GMS.
Comparable sales: expected to be only “slightly positive” for the comparable 52‑week period.
Gross margin: around 33.2%.
Operating margin: around 12.6%; adjusted operating margin about 13%.
Diluted EPS: projected to decline ~6% versus fiscal 2024’s $14.91.
Adjusted diluted EPS: expected to fall ~5% from 2024’s $15.24. ^[19]

On the earnings call and in the press release, CEO Ted Decker pointed to several headwinds:

A lack of major storms in Q3, which typically drive demand in key categories.
Persistent pressure in the housing market and weaker‑than‑hoped seasonal demand.
Ongoing consumer uncertainty and affordability concerns that are disproportionately weighing on big‑ticket home improvement projects. ^[20]

Analysts and investors largely read the guidance as an admission that sluggish earnings growth could persist into 2026, even as the company spends heavily on acquisitions and pro‑focused initiatives.

Housing market funk: the big macro headwind for HD

Home Depot’s business has always been tightly tied to housing turnover and home equity. When people move, refinance or feel richer on paper, they remodel. When they sit tight, renovations slow.

On its Q3 call, management highlighted that U.S. housing turnover is hovering near a 40‑year low, with CEO Ted Decker citing a turnover rate of roughly 2.9% of existing homes per year, well below historical norms. ^[21]

At the same time, consumers are feeling the squeeze from:

Higher interest rates, which raise mortgage payments and home‑equity borrowing costs
Elevated living expenses, which limit discretionary spending
Increased job and layoff concerns that encourage households to defer large projects ^[22]

Those macro pressures explain why Home Depot’s comparable sales are barely positive, and why management has been “tempering expectations,” as one recent Nasdaq/Motley Fool analysis put it. ^[23]

Until housing activity and consumer confidence meaningfully improve, it will be hard for HD to return to the high‑single‑digit comp growth and expanding margins that investors enjoyed in prior cycles.

Strategy update: acquisitions and AI tools aimed at pros

Even in a tough macro environment, Home Depot is leaning into its long‑term strategy: deepen its professional (Pro) customer base and modernize with technology.

1. Building a pro‑focused distribution network: SRS and GMS

In recent years, Home Depot has made two major acquisitions aimed at contractors and other pros:

SRS Distribution – acquired in 2024 for roughly $18.3 billion, adding a large network focused on roofing, landscaping and other pro‑heavy categories. ^[24]
GMS Inc. – a specialty building‑materials distributor, acquired via the SRS subsidiary in 2025 for an enterprise value of about $5.5 billion including net debt. ^[25]

GMS contributed around $900 million of sales in Q3 alone, despite only about eight weeks of consolidation, underscoring the scale of the deal. ^[26]

Management’s thesis: by combining Home Depot’s retail footprint with wholesale‑style capabilities, the company can win a larger share of wallet from pros in a $1 trillion‑plus home‑improvement market that’s roughly evenly split between professionals and consumers. ^[27]

2. AI‑powered Blueprint Takeoffs tool

On November 19, 2025, Home Depot launched Blueprint Takeoffs, an AI‑powered tool that helps professional renovators and builders generate material lists and project quotes for single‑family home blueprints. ^[28]

The tool:

Uses AI to translate blueprints into complete material lists
Aims to reduce estimate times from weeks to days
Integrates with Home Depot’s Pro support, trade credit and delivery options, allowing pros to source everything from a single supplier ^[29]

This fits neatly into the company’s broader push to make Home Depot the default operating system for pro contractors, from estimating and financing to procurement and job‑site delivery.

3. Upcoming catalyst: Investor & Analyst Conference

Home Depot will host its 2025 Investor and Analyst Conference on December 9, 2025, an event that typically includes deeper dives into strategy, long‑term targets and capital allocation. ^[30]

Given the recent guidance cut and acquisition integration efforts, investors will be watching closely for:

Updated views on housing and demand trends
More detail on synergies from SRS and GMS
Any hints about future margin expansion or capital return plans

Dividend update: 2.6% yield and a long streak of payouts

Income‑focused investors still see Home Depot as a reliable dividend name.

On November 20, 2025, the board declared a quarterly cash dividend of $2.30 per share, payable December 18, 2025 to shareholders of record as of December 4, 2025. This marks the 155th consecutive quarter of cash dividends. ^[31]

At today’s share price around $357, that implies:

An annualized dividend of $9.20 per share
A forward dividend yield of roughly 2.6% ^[32]

Analysts at Nasdaq and elsewhere note that Home Depot has increased its dividend for 16 consecutive years, reinforcing its reputation as a blue‑chip income stock even in periods of earnings volatility. ^[33]

Research from MarketsMojo and others suggests a dividend payout ratio around 50% of earnings, leaving room for continued capital returns alongside buybacks, though any sustained earnings weakness could eventually constrain growth in the payout. ^[34]

Valuation: premium multiple on depressed earnings

Even after this year’s pullback, Home Depot is not trading at distressed levels.

Several data providers peg the stock’s current trailing price‑to‑earnings (P/E) ratio near 24x:

StockAnalysis and Yahoo Finance show a TTM P/E around 24.3–24.4x, with EPS over the last year in the $14.6–$14.7 range. ^[35]
FinanceCharts and Macrotrends show similar figures and estimate a forward P/E around 23–24x. ^[36]

Relative to history and peers:

Home Depot’s current P/E is slightly above its 3‑ and 5‑year averages around 23x, but below the peak multiples it commanded during the pandemic housing boom. ^[37]
It trades at a premium to Lowe’s (LOW), which sits near 20x earnings, and above the broader U.S. specialty retail average around 18x. ^[38]

Valuation services aren’t unanimous:

Simply Wall St estimates a “fair value” near $433 per share, suggesting HD could be roughly 15–20% undervalued at current prices, assuming the company delivers on long‑term margin and growth expectations. ^[39]
Other research (including Morningstar and various brokerages not all publicly accessible) generally characterizes the stock as fairly valued to modestly undervalued, given the near‑term earnings drag from housing and acquisitions.

Wall Street’s 12‑month median price target of about $403 implies low‑ to mid‑teens upside from today’s level if Home Depot can stabilize comps and execute on its pro‑growth strategy. ^[40]

Is Home Depot stock a buy, hold, or wait‑and‑see?

This article can’t tell you what to do with your portfolio, but it can outline the key arguments investors are weighing right now.

Bullish case for HD

Category leader: Home Depot remains the world’s largest home‑improvement retailer with more than 2,350 retail stores and over 1,200 pro‑focused SRS locations, plus strong brand recognition. ^[41]
Pro expansion: The SRS and GMS deals meaningfully expand its footprint in roofing, building materials and contractor channels, which could unlock higher‑ticket, recurring pro revenue once the cycle turns. ^[42]
Resilient cash generation: Even with flat earnings, Home Depot generates substantial free cash flow to fund dividends, buybacks and capex. ^[43]
Cyclical recovery potential: If interest rates fall and housing activity normalizes, demand for remodeling, upgrades and big‑ticket projects could rebound sharply from today’s subdued levels. ^[44]

Bearish case for HD

Housing slump may last: A 40‑year‑low turnover rate and stretched affordability could keep home‑improvement demand muted longer than bulls expect. ^[45]
Earnings in reverse: Management is guiding for a 5–6% EPS decline in fiscal 2025, and margins are hovering near decade‑lows as costs, interest expense and integration spending rise. ^[46]
Valuation risk: A mid‑20s P/E multiple on shrinking earnings leaves limited margin for error if comps weaken further or housing stays frozen. Multiple compression alone could drag on returns. ^[47]
Integration execution: The SRS and GMS acquisitions are large and complex. Any missteps integrating systems, cultures or supply chains could weigh on profitability. ^[48]

What this means for different types of investors

Income investors may view HD as a solid dividend payer, with a 2.6% yield, a long payout streak and room for mid‑single‑digit dividend growth once earnings normalize. ^[49]
Value and quality investors see a best‑in‑class operator trading at a discount to its 2021–2022 multiples, but still at a premium to peers and the market, reflecting its moat and long‑term track record. ^[50]
Short‑term traders are focused on the December 9 Investor Day, further macro data on housing and any signs that earnings estimates for 2026 are bottoming out.

As always, whether Home Depot is a good fit depends on your time horizon, risk tolerance and portfolio mix. Consider speaking with a qualified financial advisor before making any investment decisions.

Today’s key takeaways for HD shareholders

Home Depot stock closed higher on Black Friday, but remains down ~8% in 2025 and ~16% over 12 months, substantially lagging the S&P 500. ^[51]
Q3 showed low‑single‑digit sales growth and stable but slightly lower EPS, while management cut full‑year guidance, citing weak housing and consumer uncertainty. ^[52]
The company is leaning into pro customers, acquisitions and AI tools to drive long‑term growth, but these investments are currently weighing on margins. ^[53]
A $2.30 quarterly dividend (ex‑dividend date December 4) offers a forward yield around 2.6%, backed by a long history of payouts. ^[54]
With a P/E near 24x and a still‑shaky earnings outlook, HD looks more like a high‑quality cyclical at a reasonable, but not screaming‑cheap, price than a deep value play. ^[55]