Dow Today: Home Depot (HD) Lower

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

The Dow Jones Industrial Average ( ^DJI) is trading up five points at 16,014 as of Friday, Nov 22, 2013, 10:35 a.m. ET. During this time, 88.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 379.4 million. The NYSE advances/declines ratio sits at 1,426 issues advancing vs. 1,413 declining with 130 unchanged.
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Holding back the Dow today is Home Depot (NYSE: HD), which is lagging the broader Dow index with an 84-cent decline (-1.1%) bringing the stock to $78.99. Volume for Home Depot currently sits at 2.1 million shares traded vs. an average daily trading volume of 7.3 million shares.

Home Depot has a market cap of $114.24 billion and is part of the services sector and retail industry. Shares are up 29.1% year to date as of Thursday's close. The stock's dividend yield sits at 2%.

The Home Depot, Inc. operates as a home improvement retailer. The company has a P/E ratio of 21.6, 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, increase in stock price during the past year and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

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