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 131.0 points (-0.9%) at 14,668 as of Monday, Jun 24, 2013, 1:35 p.m. ET. During this time, 501.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 601.3 million. The NYSE advances/declines ratio sits at 247 issues advancing vs. 2,836 declining with 39 unchanged.
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Holding back the Dow today is Home Depot (NYSE: HD), which is lagging the broader Dow index with a 92-cent decline (-1.3%) bringing the stock to $72.90. This single loss is lowering the Dow Jones Industrial Average by 6.96 points or roughly accounting for 5.3% of the Dow's overall loss. Volume for Home Depot currently sits at six million shares traded vs. an average daily trading volume of 7.3 million shares.

Home Depot has a market cap of $107.91 billion and is part of the services sector and retail industry. Shares are up 19.4% year to date as of Friday's close. The stock's dividend yield sits at 2.1%.

The Home Depot, Inc. operates as a home improvement retailer. The company has a P/E ratio of 23.5, 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, revenue growth, notable return on equity, good cash flow from operations and compelling growth in net income. 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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