Shares of the home improvement retailer are rising when they seemingly shouldn't be, further inflating an already-frothy valuation.Are you thinking about buying Home Depot (HD -0.06%) stock? Interested investors are certainly facing something of a conundrum right now. Although shares may still be below their late-2021 pandemic-driven peak, they're up 30% from October's low as well. They're also valued rather richly at a forward-looking price-to-earnings ratio (P/E) of 24. That's well above this ticker's lon ...