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The Home Depot, Inc. (HD), headquartered in Atlanta, Georgia, is the world’s largest home improvement specialty retailer with more than 2,300 stores across North America. Valued at $326.42 billion by market cap, the company offers a diverse range of branded and proprietary home improvement items, building materials, lawn and garden products, décor products, and related services. It functions through a network of distribution and fulfillment centers and a number of e-commerce websites.
Shares of this leading home improvement retailer have underperformed the broader market considerably over the past year. HD has gained 12.4% over this time frame, while the S&P 500 Index ($SPX) has rallied 24.5%. In 2024, shares of HD are down 5%, while the SPX is up 9.8% on a YTD basis.
