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- 1. How to buy Home Depot (HD) stock
- 2. Where to buy Home Depot stock?
- 3. How to buy stock in Home Depot in 3 simple steps
- 4. Compare the best platforms to buy Home Depot stock
- 5. Fundamental analysis of Home Depot shares
- 6. Is Home Depot a good investment for me?
- 7. How to sell Home Depot stock
- 8. Should I buy Home Depot stock now?
- 9. FAQs
How to buy Home Depot (HD) stock
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A big part of learning how to buy Home Depot stocks is finding the best place to make your investment. Home Depot stocks are available to invest in through an online stock broker, and it usually takes just a few minutes to buy shares in Home Depot when following our step by step guide.
Where to buy Home Depot stock?
Copy link to sectionThe best stock trading platform to use to buy Home Depot stock is eToro .
Based on our research, we’ve ranked the top three brokers where you can buy Home Depot shares, according to how easy they are to use, how low their fees are, their safety and security rating, and average customer reviews.
77% of retail CFD accounts lose money.
Buy or sell stock CFDs with Plus500. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Read more about how we test, rank & review platforms.
How to buy stock in Home Depot in 3 simple steps
Copy link to sectionBuying Home Depot stock is quick and easy, all you need is an internet connection and a copy of your photo ID. Here’s how to do it.
Step 1. Sign up to eToro
Copy link to sectioneToro is the best stock trading platform for beginners. Fill in your details to set up a brokerage account and attach a copy of your ID to verify it.
77% of retail CFD accounts lose money.
Step 2. Make a deposit
Copy link to sectionTransfer money to your new account with your credit or debit card, a bank transfer, or an alternative payment method, like PayPal. The minimum deposit is £10.
Step 3. Buy Home Depot shares
Copy link to sectionSearch for Home Depot using the ticker, HD. Click the ‘trade’ button and enter the details of your investment, such as how many shares you want to buy or how much you want to spend. Hit ‘trade now’ to invest in Home Depot and complete your purchase.
It’s as easy as that! You can buy Home Depot shares in just 10-15 minutes and now you’re a Home Depot shareholder.
Compare the best platforms to buy Home Depot stock
Copy link to section1. eToro. Best for beginners, copy-trading & demo-account
2900
No. assets
$10
Minimum deposit
Stocks
Platform type
Pros & Cons
Overview
We love eToro because you can trade more than 3,000 stocks, commission free. When you buy stocks on eToro, you’re buying the underlying asset, which means you can earn dividends. Or you can trade fractional shares, which means you can invest in even the most expensive stock from just $10.
As well as being a broker that offers lots of investor protection, eToro offers a very social trading experience. You can easily see what’s trending on the stock market every day, browse the latest analyst opinion about every one of those stocks, and copy other people’s trade suggestions from your desktop or the eToro app.
The fees: Stock and ETF trades are commission free. Stock CFDs are charged a 0.15% spread and overnight fees can apply. You can deposit money for free but you have to pay $5 per withdrawal, and there’s a minimum withdrawal of $30. A $10 per month activity fee is charged if you don’t log in for a year.
77% of retail CFD accounts lose money.
2. Plus500. Best for international CFD trading*
4300
No. assets
$100
Minimum deposit
Stocks
Platform type
Pros & Cons
Overview
We love Plus500 because it is one of the industry’s most transparent and reliable brokers. Its fees are clear and you’ll know exactly what you will be paying before you make a trade. Its technology driven platform gives access to CFDs on over 2000 stocks.
Plus500 has something for all types of stock trader, no matter what level of experience. Its zero commission and tight spreads make it a top choice for day traders and its trading academy is packed with educational content, perfect for beginners just starting.
For accurate instrument availability, visit plus500.com.
The fees: There are no commission fees on any trades with Plus500 and it makes it money through the Bid/Ask spread. Spread starts from 0.01% and varies depending on the instrument. Additional fees include overnight funding depending on trade size and guaranteed stop orders, which add a minimum of 10% to the spread. There is an inactivity charge of £10 per month for accounts not logged in for three months.
*Based on a comparison of 60+ leading brokers and trading platforms.
Buy or sell stock CFDs with Plus500. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Fundamental analysis of Home Depot shares
Copy link to sectionWhat is Home Depot’s total worth?
Copy link to sectionHome Depot’s total net worth is $294.44 billion. This is its total market capitalisation, calculated by multiplying the number of shares outstanding on a stock exchange by the current share price.
How has Home Depot’s share price performed in recent years?
Copy link to sectionThe current Home Depot stock price today is $289.18, which is 30.35% below its all time high of $415.01, which it reached on 31 December 2021.
Overall, HD is up 58.75% over the last five years. The HD share price is down 8.29% in 2023 with a 52 week high of $347.25 and a 52 week low of $264.51.
What is Home Depot’s EPS?
Copy link to sectionHome Depot’s EPS is $3.30. EPS stands for earnings per share and is calculated by dividing Home Depot’s net profit by the number of shares outstanding. It gives you an idea of how valuable a company is.
What is the Home Depot P/E ratio?
Copy link to sectionHome Depot’s P/E ratio is 17.33. The P/E, or price to earnings ratio, tells you how much you would have to pay per share for $1 of Home Depot’s earnings.
It is calculated by dividing the share price by the earnings per share. You can use Home Depot’s earnings estimates to predict its future (or forward) P/E and set a target price you think the stock can reach.
What is Home Depot’s dividend yield?
Copy link to sectionHome Depot’s dividend yield is 2.89%. The dividend yield tells you how much of Home Depot’s share price it gives back to shareholders in dividend payments every year.
Is Home Depot stock a buy or sell?
Copy link to sectionThe indicator below shows you live technical ratings for Home Depot stock on time frames from one minute to one month.
It tracks a selection of key technical indicators on live market data, including moving averages, relative strength index (RSI), oscillators, and momentum.
This indicator should be used when you research Home Depot to help you decide whether to buy Home Depot shares. Past performance is no guarantee of future results. It is not investment advice or a recommendation from Invezz to buy this stock.
Is Home Depot a good investment for me?
Copy link to sectionThe right answer is different for each person, so here is some information to help you decide whether to buy stocks in Home Depot.
- Home Depot has only one competitor and large barriers to entry. It’s one half of a duopoly that dominates the home improvement retail business in the US. The other half is Lowe’s. Both companies operated 2000+ stores across the country and it’s very difficult for any new competitor to break into the industry.
- The company is large, stable, and has a healthy balance sheet. The main advantage of owning so many stores and having so little to fear from competitors is that Home Depot has lots of tangible assets – land and stores – and very predictable revenue. That makes it a safe stock to invest in. It might not generate amazing returns, but it can produce steady results and there’s relatively little risk.
- Home improvement is a relatively recession-proof industry. There is always demand for home improvements. A healthier housing market is better, but even in a weak market lots of people choose to do up their existing homes instead of moving, and choose to get their materials and items from Home Depot.
- High inflation and economic uncertainty still affect the bottom line. Despite relatively stable demand, high prices and high inflation ultimately impact whether people can afford to buy big ticket items for their homes. So far, Home Depot has been able to pass price increases onto customers, seeing fewer orders but maintaining revenue. That may not continue indefinitely.
- A current housing shortage should mean more demand in the future. There is a chronic housing shortage in the US that means analysts expect a constant supply of new homes. The home retail industry is forecasted to grow by more than 10% in the next five years, to above $600 billion.
- It’s a shareholder-friendly company, with healthy dividends and regular buybacks. The dividend yield has consistently outperformed the S&P500 average, while Home Depot has bought back a third of its shares over the last ten years. That’s helped to drive substantial share price growth ever since the 2008 Financial Crisis.
- There are few markets left to grow into. Home Depot has tried to expand into foreign markets, notably China and South America in recent years, with little success. On the home front, it already has a presence in every state and has only opened 70 stores (out of a total of more than 2000) since 2011. It’s hard to see where it might be able to expand the pie.
It’s always a good idea to think about any potential risks there might be as well. Use this summary of Home Depot’s pros and cons before you make a final decision on whether to buy Home Depot stock.
Pros
Copy link to section- One half of a powerful duopoly in home retail
- Pays healthy dividends and puts shareholders first
- Even in weak economic markets there is demand for home improvements
- The home retail market is forecasted to grow substantially
Cons
Copy link to sectionAre there other ways to buy shares in Home Depot?
Copy link to sectionYes, you can invest in Home Depot stock in a few different ways. One option is to buy stock in Home Depot directly through an investment platform as laid out above, while another popular choice is to invest in a fund.
Mutual funds provide instant diversification to your investment portfolio by investing in lots of companies at once. You can invest in an S&P 500 index fund to get exposure to Home Depot, or choose a blue chip ETF.
Another option is to use a social copy trading platform, like eToro . Find a trader who you like and copy their Home Depot trades directly to your own account.
This can be a good investment strategy for beginners and a way to learn how to buy Home Depot shares from someone with more experience.
What are the fees for investing in Home Depot stock?
Copy link to sectionIt depends on the stock broker. Some platforms charge a flat fee per trade, others charge a commission as a percentage of the total trade value each time you buy Home Depot stocks.
Consider that there may be other costs to trading too. Other fees can include deposit and withdrawal fees, or inactivity fees if you don’t use your account for three months or more.
These are the trading platforms that charge the lowest fees for buying stocks in Home Depot.
| Trading platform | Trading fees |
|---|---|
| eToro | $0 |
| Skilling | $0 |
| Capital.com | $0 |
| Degiro | $0 (US) / £1.75 (UK) |
| AvaTrade | 0.13% commission |
How to sell Home Depot stock
Copy link to sectionWhen you decide the time is right to sell and lock in some profit (or cut your losses), log into your broker account and navigate to your portfolio.
From there, find your Home Depot stock and you’ll see a ‘sell’ option next to it. Click that to set the details of the trade (you don’t have to sell all your stocks at once) and sell back to cash.
Should I buy Home Depot stock now?
Copy link to sectionIt’s your investing goals and style that define whether now is a good time to buy. The current Home Depot stock price plays into it but ultimately it depends on your investment horizons.
- If you’re a short term trader: the goal is to make money by buying and selling stocks regularly to secure a profit or avoid a loss. That can mean trading hourly, daily, or weekly but the focus is always on the near future. Traders learn how to buy stocks in Home Depot based on short term technical analysis and don’t hold shares for a long time, so any time can be a good time to buy HD.
- If you’re a long term investor: you’re more interested in long term price appreciation than whether a stock is up or down on any given day. The important thing is finding a stock with a strong foundation where you think the share price will be up over a period of months or years. If you think Home Depot’s fundamentals are solid then the best time to invest in Home Depot stock is after a dip or a pullback in price.
Most new traders sit somewhere between these two positions. You don’t want to actively trade Home Depot stock all hours of the day but you don’t want to wait years for a return either.
Either way, following HD price news and analysis will help you decide when to dip your toe into the market.
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FAQs
Copy link to sectionMore stocks to buy
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