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Dow Today: Home Depot (HD) Lower

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.

The Dow Jones Industrial Average ( ^DJI) is trading down 22.0 points (-0.2%) at 14,556 as of Monday, Apr 1, 2013, 12:36 p.m. ET. During this time, 218.6 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 612 million. The NYSE advances/declines ratio sits at 762 issues advancing vs. 2,184 declining with 121 unchanged.

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Holding back the Dow today is Home Depot (NYSE: HD), which is lagging the broader index with a seven-cent decline to $69.71. This single drop is lowering the Dow Jones Industrial Average by 0.53 points or roughly accounting for 2.4% of the Dow's overall loss. Volume for Home Depot currently sits at 3.6 million shares traded vs. an average daily trading volume of 6.7 million shares.

Home Depot has a market cap of $104.33 billion and is part of the services sector and retail industry. Shares are up 12.8% year to date as of Thursday's close. The stock's dividend yield sits at 2.2%.

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 23.3, 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 impressive record of earnings per share growth, compelling growth in net income, revenue growth, notable return on equity and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.

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