WHo has bought this stock at these prices. Hopefully no one sane
Same old games they go up because they are in sectors/ indicies etc. I would never have bought this stock over 55 . Markets so over bought on big money throwing it at the markets. This is why we will collapse. All games by Wall Street greed.
HD will be back to below $50, currently it is trading with P/E ratio of more than 21. Earlier (2-3 years ago) this stock was trading with a P/E ratio of below 10. It doesn't make sense at all for this stock to trade at P/E ratio not more than 12. That EPS $3.53 and P/E ratio of 12 will yield PPS at $42.36.
Big correction is coming and HD is one of the stocks that will take super big hit. There was no big improvement with EPS it just that it trading at a higher PE ratio.