The Home Depot, Inc (NYSE:HD) heading for the home run

Posted by Kristi Scott August 14, 2013 0 Comment 1747 views

The Home Depot, Inc (NYSE:HD) gained a volume of 3.84M shares while the average volume of the stock stayed 5.84M shares. The 52-week range of the stock was $52.58-$81.56 while the day range was $78.58-$79.54. The stock opened at $78.62, stayed in the $78.58-$79.54range and closed at $79.20. HD stock showed a +ve performance of 0.29% in the last trading session.

The art of impressing

This is interesting because the macro-trends in home sales have been on the rise. In June, overall sales rose by 4% and are still on the upward climb. Consumer sentiment is also slowly but steadily on the rise and Home Depot will post healthy numbers. The company has managed to keep the footfalls coming and the staff’s efforts are commendable. For the Q2, all of these things translate into real numbers and also give you a glimpse into the company’s performance for the rest of the year.

At the moment, they are the reason for its high sales figures. The basic rule that The Home Depot, Inc (NYSE:HD) follows is that as long as the customers are kept suitably impressed the final figures will be impressive as well.

The company

The Home Depot, Inc (NYSE:HD) is a home-improvement retailer. Its stores deal in home-improvement products, building materials of all kinds and garden as well as lawn products. In addition to all of these products, the company also provides home maintenance, installation and professional service programs that are targeted at Do It Yourself or DIY customers as well as professionals.

The company’s stores cover an average of around 104,000 sq ft of enclosed space. In addition, it has around 24,000 additional sq ft of outdoor garden areas. The company’s stores serve 3 primary customers-groups- The Do It Yourself customers, professional customers and Do It for Me or DIFM customers.

About Kristi Scott

Kristi Scott joined GDP Insider in 2005 as a Wall Street reporter for the Business and Market section. Kristi covers the stock market, financial markets and personal finance. Her awards have come from the National Federation of Professional Writers, the Ohio Newspaper Association, the Cleveland Press Club, the Society of Professional Journalists and Suburban Newspapers of America. Kristi was named SNA's national Journalist of the Year

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