Home Depot Inc (NYSE:HD) reported a Q4 FY23 sales decline of 2.9% year-on-year to $34.79 billion, surpassing analyst estimates. EPS was $2.82, beating the consensus of $2.77. Despite these beats, the stock price declined. The company saw a decrease in customer transactions and comparable sales. Operating income fell 12.8% to $4.1 billion, with operating expenses up 2.7%. Home Depot announced a 7.7% dividend increase to $2.25 per share. For 2024, it forecasts a 1% sales growth and EPS growth, slightly below consensus estimates. Analysts have a positive outlook, with an average 12-month price target of $374.0.