#5 - Home Depot (NYSE:HD)
It seems like home improvement was an essential business as Americans were in lockdown. And that was certainly the case for Home Depot (NYSE:HD). The home improvement giant reported higher revenue, but their earnings took a hit. The company had higher costs due to extra pay for workers.
So the question is whether the stock has any more room to grow. The stock is up over 50% from the lows reached during the March sell-off. However, it sits just a few percentage points below its 52-week high. As we head into summer, Home Depot will likely continue to have a catalyst for sales. And as the nation slowly continues to re-open, some of the extra costs may begin to subside.
Home Depot was an early adopter of the omnichannel model. This is more than just online ordering. It’s also the idea of curbside or home delivery. And Home Depot does business in an area that is not as easy for an e-commerce company like Amazon to compete in.
In the meantime, investors can enjoy a dividend, which is currently $6 per share on an annual basis. The company has increased its dividend each year for the last seven years.
About Home Depot
The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.
Read More - Current Price
- $392.60
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 23 Buy Ratings, 6 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $426.00 (8.5% Upside)
