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Home Depot Inc. (HD): Today's Featured Services Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Home Depot (HD) pushed the Services sector lower today making it today's featured Services laggard. The sector as a whole closed the day down 1.3%. By the end of trading, Home Depot fell $1.13 (-1.8%) to $60.86 on average volume. Throughout the day, 7.2 million shares of Home Depot exchanged hands as compared to its average daily volume of 8.4 million shares. The stock ranged in price between $60.84-$61.99 after having opened the day at $61.84 as compared to the previous trading day's close of $61.99. Other companies within the Services sector that declined today were: China Auto Logistics (CALI), down 24.4%, PFSweb (PFSW), down 22.2%, Point.360 (PTSX), down 17.5%, and Universal Power Group (UPG), down 16%.

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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. Home Depot has a market cap of $94.4 billion and is part of the retail industry. The company has a P/E ratio of 22.4, above the S&P 500 P/E ratio of 17.7. Shares are up 47.5% year to date as of the close of trading on Wednesday. Currently there are 13 analysts that rate Home Depot a buy, no analysts rate it a sell, and 10 rate it a hold.

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, revenue growth, notable return on equity and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the positive front, American Learning (ALRN), up 29.1%, World Energy Solutions (XWES), up 14%, Bloomin Brands (BLMN), up 12.6%, and Excel Maritime Carriers (EXM), up 11.9%, were all gainers within the services sector with US Airways Group (LCC) being today's featured services sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the services sector could consider iShares Dow Jones US Cons Services (IYC) while those bearish on the services sector could consider ProShares Ultra Short Consumer Sers (SCC).

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