Home Depot rose 1.9% during the morning session to $334.08 per share. As reported by Barrons: "Shares of Home Depot and Philip Morris were rising Tuesday after being named top investment ideas for 2023 by Cowen. Home Depot ( ticker: HD ) is analyst Max Rakhlenko's top choice." You can read more about it here. For those of you thinking about investing in the stock, here is a brief look at the company's fundamentals.
The Home Depot, Inc. operates as a home improvement retailer. The company belongs to the Consumer Cyclical sector, which has an average price to earnings (P/E) ratio of 24.11 and an average price to book (P/B) ratio of 3.11. In contrast, Home Depot has a trailing 12 month P/E ratio of 20.1 and a P/B ratio of 262.4.
Home Depot has moved -18.5% over the last year compared to -13.9% for the S&P 500 -- a difference of -4.6%. Home Depot has a 52 week high of $417.84 and a 52 week low of $264.51. At today's price of $334.08 per share, Home Depot is -2.38% away from its target price of $342.22, and on average, analysts give the stock a rating of buy. 1.2% of the company's shares are linked to short positions, and 71.5% of the shares are owned by institutional investors.