HD | Weekly | Haru Insights

Ken Langone, co-founder of Home Depot, publicly declared that Eli Lilly (LLY) now outperforms HD in his portfolio—a rare and symbolic statement signaling a major shift in elite investor sentiment toward high-growth tech and biotech over traditional retail giants.
The November 17, 2026, earnings release looms as a pivotal test: with modest consensus expectations (3.48% EPS, 3.3% revenue growth) and a stretched valuation (Forward P/E 20.35, PEG 3.36), market reaction could be volatile, especially if guidance disappoints.

Home Depot’s pro segment is rapidly becoming a high-margin, sticky B2B engine—driven by SRS, HVAC, and GMS integrations that deepen customer lock-in and elevate its strategic relevance beyond retail.
HD’s digital transformation is creating unmatched operational moats, with 11 straight quarters of online growth and innovations like Magic Apron and QuoteCenter redefining how contractors engage with the platform.
Despite a 27.6% YTD decline, HD trades at a forward P/E of 18.64X—below its one-year median and cheaper than Floor & Decor (FND), making it a compelling value pick relative to scale and durability.
The company's integration of services like Express Delivery and SRS demonstrates disciplined execution, turning digital momentum into real revenue expansion with low incremental cost.
HD’s scale and inventory control now enable faster, more efficient delivery cycles, giving it an edge in time-sensitive pro work—critical in an era where speed equals competitive advantage.

The Home Depot, Inc. (HD)[Tv]