Key Takeaways Home Depot trades at 24.05X forward P/E, well above peers, despite tepid growth in large remodeling projects. Elevated mortgage rates curb demand for financed projects, posing near-term headwinds for HD. HD boosts digital sales and engagement with pros, driving growth despite broader market challenges.The Home Depot Inc. (HD) has been witnessing a downtrend in recent months, owing to soft engagement for big-ticket discretionary categories, such as kitchen and bath remodels, as higher interes ...