#5 - Home Depot (NYSE:HD)
The Home Depot (NYSE:HD) is another stock that makes the list of stocks that show no signs of cooling down. Home Depot was a massive pandemic winning stock as homeowners decided it was time to do some major home improvement. This gave the company a chance to put its omnichannel model to work.
In 2019, Home Depot was making a pivot to increase their e-commerce business including home delivery. At the time it was seen as a bit of a risk. After all, it didn’t seem to be something that people were clamoring for in the area of home improvement. That all changed in 2020 and HD stock was a major beneficiary.
In the last 12 months, HD stock is up 56%. And in 2021, the stock has gained 22% including 11% in the 30 days ending April 20. That’s impressive growth. And the company has some additional catalysts that should keep it moving forward.
One that’s particularly exciting is its purchase of HD Supply Holdings. This will make Home Depot the premier provider of maintenance, repair, and operations products for multifamily and hospitality end markets.
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)
