Home Depot Stock Drops Amid Market Volatility
Home Depot's stock has taken a hit in recent times, falling by 12.6% over the last month without any company-specific news to explain it.
The market as a whole slipped just 0.3%, making Home Depot's decline even more pronounced.
Despite this downturn, investors who hold onto the stock are counting on its past performance to recover.
A key factor to consider is that Home Depot has become less profitable over the last three years, with its operating margin shrinking from 14.9% to 12.4% over the same period.