#5 - Home Depot (NYSE:HD)
Home Depot (NYSE: HD) is one of my favorite stocks for playing the housing boom. People still need a way to get all their home projects done. And Home Depot has embraced the digital space and is now a player beyond its brick-and-mortar space.
In its most recent quarter, Home Depot posted a 23% year-over-year (YOY) revenue gain. And that was coupled with an equally strong 26% gain on the company’s bottom line. Simply put, the company is posting strong numbers, and it doesn’t appear that it will stop anytime soon.
Home Depot is not alone in the home improvement space. However, there appears to be more than enough business to keep more than one company happy. And the company does appear to have a nice first-mover advantage in the e-commerce space.
That gap will be closing, and investors may want to be aware of that. In fact, that may be the reason HD stock is “only” up about 28% for the year. But that shouldn’t discourage you from buying the stock. Not only is Home Depot providing investors with sustained growth, but it also offers a solid dividend. In fact, the company has increased its dividend every year since 2010, and the dividend looks quite safe.
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)
