Home Depot Stock Hits New 52-Week High (HD)

By TheStreet Wire 11/30/11 - 10:28 AM EST

NEW YORK (TheStreet) -- Home Depot (NYSE:HD) hit a new 52-week high Wednesday as it is currently trading at $39.45, above its previous 52-week high of $39.38 with 3.3 million shares traded as of 10:06 a.m. ET. Average volume has been 11.6 million shares over the past 30 days.

Home Depot has a market cap of $57.05 billion and is part of the services sector and retail industry. Shares are up 11.1% year to date as of the close of trading on Tuesday.

The Home Depot Inc., together with its subsidiaries, operates as a home improvement retailer. The company's stores sell a range of building materials, home improvement products, and lawn and garden products to do-it-yourself, do-it-for-me (D-I-F-M), and professional customers. The company has a P/E ratio of 16, above the average retail industry P/E ratio of 15.7 and below the S&P 500 P/E ratio of 17.7.

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