/Home%20Depot%2C%20Inc_%20location%20by-%20Sundry%20Photography%20via%20Shutterstock.jpg)
Headquartered in Atlanta, Georgia, The Home Depot, Inc. (HD) is a major home improvement chain operating big-box warehouse stores that provide construction supplies, renovation products, and installation services for homeowners and professional contractors. Its network includes numerous locations throughout the U.S., Canada, and Mexico, supported by robust logistics and merchandising operations. With a market capitalization of $335.03 billion, the company is considered a “mega-cap” stock.
Due to softer market expectations for housing and home improvement spending, Home Depot’s stock has been down. The stock had reached a 52-week low of $326.31 back in April, but is up 7.6% from that level. Over the past three months, the stock has dropped 14.1%. On the other hand, the Nasdaq Composite ($NASX) index gained 7.4% over the same period.
