Stocks-Prognosis.com
Search on StockPrognosis.com
To search on the site stockprognosis.com enter the name of the ticker, company name, or search phrase
Sections of the site



The Home Depot Inc. Announces Strong Financial Results for Q3 2021

November 30, 2024
Home improvement retail giant, The Home Depot Inc., reported strong financial results for the third quarter of 2021, exceeding expectations and highlighting its continued growth in the industry.
The company's revenue reached $33.54 billion, a 10.1% increase compared to the same period last year. Net earnings also experienced a significant rise, reaching $3.92 billion, a 20.8% increase year-over-year.
The Home Depot attributed its success to various factors, including effective cost management strategies, enhanced customer service initiatives, and the continued boom in the home improvement market. With more people spending time at home due to the pandemic, the demand for home renovation and DIY projects has soared, benefiting the company.
In addition to its strong financial performance, The Home Depot Inc. made headlines recently with Sompo Asset Management Co. Ltd. acquiring a substantial number of shares. Sompo Asset Management Co. Ltd. now holds a significant stake in the company, which indicates growing investor confidence in its long-term prospects.
Fmr LLC, a leading investment management firm, has also increased its position in The Home Depot Inc., demonstrating further institutional interest in the company's potential for growth.
Meanwhile, Pitcairn Co. has revealed its sizeable holdings of 4.39 million shares in The Home Depot Inc., confirming its commitment to investing in established and successful companies in the retail industry.
However, not all investors have shown unwavering support for The Home Depot Inc. Captrust Financial Advisors recently sold 9,390 shares, potentially reflecting a tactical decision to reallocate their investment portfolio.
Experts from Stocks Prognosis, a trusted source for stock market analysis and predictions, recommend considering buying The Home Depot Inc. shares, as the company has consistently demonstrated its ability to deliver strong financial performance and capitalize on the expanding home improvement market.
With an ever-increasing demand for home improvement products and services, coupled with successful financial results and growing investor interest, The Home Depot Inc. appears poised for continued success in the retail industry.
To stay informed about the latest trends and forecasts regarding The Home Depot Inc. shares, it is advisable to consult professionals from Stocks Prognosis who can provide expert guidance and recommendations.
If you want to leave a comment, then you need Login or Register





Other data for HD

Related data

HDSeptember 5, 2025THE HOME DEPOT, INC. Hits Price Target Forecast with 16.3% Profit on QuantWave Platform  ~1 min.

QuantWave, a leading automated forecasting platform, has successfully achieved a price target forecast for THE HOME DEPOT, INC. The forecast signal date was May 2, 2025, with a price of $360....


HDAugust 26, 2025The Home Depot Inc. HD Continues to Dominate in the Home Improvement Industry  ~1 min.

With a strong reputation for quality products and excellent customer service, The Home Depot Inc. HD remains a top choice for homeowners and contractors alike....


HDAugust 22, 2025QuantWave Successfully Achieves Price Target Forecast for The Home Depot, Inc. with a Profit of 13.95%  ~1 min.

QuantWave, a leading automated forecasting platform, recently achieved a significant milestone by accurately predicting the price movement of The Home Depot, Inc. stock....


HDAugust 13, 2025QuantWave Successfully Achieves 13.26% Profit Target for The Home Depot, Inc.  ~1 min.

QuantWave, the leading automated forecasting platform, has hit the mark with its prediction for The Home Depot, Inc. stock, yielding a profitable return of 13.26%....


HDJuly 8, 2025Home Depot Inc. HDs On A Buying Spree According to Jim Cramer  ~1 min.

Recently, popular stock analyst Jim Cramer noted that The Home Depot Inc. (NYSE:HD) is on a buying spree, which has caught the attention of institutional investors who currently own 73% of the company....


HDMarch 20, 2025The Home Depot Inc. HD Reports Impressive Financial Results, Attracting Investor Attention  ~2 min.

Renowned retail giant, The Home Depot Inc. HD, has recently announced its outstanding financial results, catching the attention of investors worldwide....


HDMarch 19, 2025The Home Depot Inc. HD: Among Dobermans of the Dow to Buy!  ~2 min.

The Home Depot Inc., also known as HD, has recently gained significant attention from investors....


HDMarch 18, 2025The Home Depot Inc. Sees Increase in Investor Attention: Key Details to Know  ~2 min.

The Home Depot Inc., a leading home improvement retailer, has been attracting significant investor attention in recent weeks....


HDMarch 17, 2025The Home Depot Inc. Continues to Show Strong Growth Despite Economic Uncertainty  ~2 min.

The Home Depot Inc. (HD) has recently reported impressive quarterly earnings, defying expectations in the face of the ongoing economic uncertainty caused by the pandemic....


HDMarch 16, 2025The Home Depot Inc: Strong Performance and Promising Future  ~2 min.

The Home Depot Inc. (NYSE:HD) has been consistently delivering strong performance in the home improvement industry....


COPJanuary 26, 2025ConocoPhillips COP Shows Strong Growth Potential Amidst Market Uptick  ~2 min.

ConocoPhillips (NYSE:COP) has recently caught the attention of billionaire investor Steve Cohen, as his firm, Advisory Alpha LLC, acquired shares in the company....


ROPJanuary 24, 2025Trust Co. of Vermont Adds Roper Technologies Inc. to their Stock Portfolio  ~2 min.

Trust Co. of Vermont recently disclosed that they now own a substantial stock position in Roper Technologies Inc. (NYSE:ROP). The company has added 565,000 shares of Roper Technologies Inc....


ELDecember 21, 2024The Este Lauder Companies Inc. Sees Short Interest Decrease by 8.1% in November  ~1 min.

The Este Lauder Companies Inc., a renowned multinational beauty conglomerate, experienced a decline of 8.1% in short interest during the month of November....


AMGNNovember 24, 2024Amgen Inc. Continues to Lead in Immunotherapy: Experts Recommend Investing in Stocks Prognosis  ~2 min.

Amgen Inc. (NASDAQ: AMGN) has established itself as a frontrunner in immunotherapy research and development, making it a promising investment opportunity for shareholders....


ETSYMarch 17, 2025ETSY Inc.: A Cheap Internet Stock to Buy, According to Hedge Funds - Inside  ~1 min.

According to recent reports, Hedge Funds are recommending Etsy Inc. (NASDAQ: ETSY) as a cheap internet stock to buy....