Home Depot ( (HD) ) has issued an announcement.
On May 6, 2025, Home Depot terminated its $2.0 billion 364-day revolving credit facility with JPMorgan Chase Bank, which was initially established to support its commercial paper program and the acquisition of SRS Distribution, Inc. Simultaneously, the company entered into two new revolving credit facility agreements totaling $7.0 billion to support its commercial paper program and general corporate purposes, indicating a strategic shift in its financial management.
Spark’s Take on HD Stock
According to Spark, TipRanks’ AI Analyst, HD is a Outperform.
Home Depot’s strong financial performance and strategic expansion efforts are offset by technical bearish trends and economic challenges. Valuation remains fair, with a balanced dividend yield.
To see Spark’s full report on HD stock, click here.
More about Home Depot
Home Depot, Inc. operates in the home improvement retail industry, providing a wide range of products and services for home renovation and construction. The company focuses on serving both DIY customers and professional contractors.
Average Trading Volume: 3,851,452
Technical Sentiment Signal: Buy
Current Market Cap: $362.3B
For detailed information about HD stock, go to TipRanks’ Stock Analysis page.