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TheStreet Wire

Dow Today: Home Depot (HD) Higher

By TheStreet Wire 06/18/12 - 01:00 PM EDT

Find out if (HD) is in Cramer's Portfolio.

The Dow Jones Industrial Average (^DJI) is trading down 24.0 points (-0.2%) at 12,743 as of Monday, Jun 18, 2012, 12:35 p.m. ET. During this time, 286.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 711.2 million. The NYSE advances/declines ratio sits at 1,484 issues advancing vs. 1,452 declining with 130 unchanged.

The Dow component leading the way higher looks to be Home Depot (NYSE:HD), which is sporting a 40-cent gain (+0.8%) bringing the stock to $52.26. Volume for Home Depot currently sits at 6.3 million shares traded vs. an average daily trading volume of 11.1 million shares.

Home Depot has a market cap of $79.84 billion and is part of the services sector and retail industry. Shares are up 24.1% year to date as of Friday's close. The stock's dividend yield sits at 2.3%.

The Home Depot, Inc., together with its subsidiaries, operates as a home improvement retailer. The company's stores sell building materials, and home improvement and lawn and garden products to do-it-yourself, do-it-for-me (at D-I-F-M), and professional customers. The company has a P/E ratio of 19.7, below the average retail industry P/E ratio of 19.8 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Home Depot as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and notable return on equity. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.

You can view the full Home Depot Ratings Report.

For more information on Home Depot Inc. click any of the following:

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