The Home Depot Inc. (NYSE:HD) traded at a new 12-month high today of $399.43. This new high was reached on approximately average trading volume as 2.2 million shares traded hands, while the average 30-day volume is approximately 3 million shares.
Home Depot is the world’s largest home improvement specialty retailer, operating nearly 2,300 warehouse-format stores offering more than 30,000 products in store and 1 million products online in the United States, Canada, and Mexico. Its stores offer numerous building materials, home improvement products, lawn and garden products, and decor products and provide various services, including home improvement installation services and tool and equipment rentals. The acquisition of distributor Interline Brands in 2015 allowed Home Depot to enter the maintenance, repair, and operations business, which has been expanded through the tie-up with HD Supply. The addition of the Company Store brought textile exposure to Home Depot’s lineup.
Based on a current price of $391.72, The Home Depot Inc. is currently 20.4% above its average consensus analyst price target of $311.63.
In the past 12 months, The Home Depot Inc. share prices are bracketed by a low of $246.59 and a high of $399.43 and are now at $391.72, 59% above that low price.
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