If You Invested $1000 in Home Depot at the Market Bottom, It Now Would Be Worth $13,000
One of the most difficult parts of trading is timing the markets, although in a bull market this is less of a problem. But it can be particularly difficult calling the market bottom in the middle of a bear market. 24/7 Wall St. is looking back to when the S&P 500 bottomed back in March 2009 to see how some of the major blue chips have fared since then.
Back on March 6, 2009, the S&P 500 bottomed out at 666.79, and from there began perhaps the biggest bull market of the modern era. At the most recent close, the S&P 500 was at 2,747.30, more than quadrupling its bottom nearly nine years ago.
So how does Home Depot Inc. (NYSE: HD) compare?
On an adjusted close basis, Home Depot closed March 6, 2009, at $14.36 a share, or at $18.00 on an unadjusted basis. Home Depot closed Monday at $188.35 on an adjusted basis.
Home Depot’s growth over this nine-year period was very impressive, with shares gaining more than 1,200%. So if you had invested $1,000 in Home Depot back then, you would have $13,116.30 as of Monday’s close.
Over the past 52 weeks, Home Depot has outperformed the broad markets, with its shares up about 29%. In just 2018 alone, Home Depot is down less than 1%.
Shares of Home Depot were last seen trading near $189, with a consensus analyst price target of $213.74 and a 52-week range of $144.25 to $207.61.