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Sectors & IndustriesConsumer CyclicalHome Improvement Retail
Best Home Improvement Stocks to Buy Now (2024)
Top home improvement stocks in 2024 ranked by overall Zen Score. See the best home improvement stocks to buy now, according to analyst forecasts for the home improvement retail industry.

Industry: Home Improvement Retail
Ticker
Company
Price
Valuation Score
Graham Fair Value
Graham Fair Value %
P/E
Forward P/E
P/S
P/B
PEG
Free Cash Flow
Free Cash Flow Yield
Book Value
BVPS
EV
EV/EBITDA
ARHS
ARHAUS INC
$14.80$8.7868.65%16.44x14.37x1.60x6.10x1.35x$75.24M3.64%$340.24M2.44$2.31B10.11
HD
HOME DEPOT INC
$385.89$109.63252.00%25.45x25.07x2.53x366.31x5.11x$17.95B4.66%$1.04B1.05$430.91B17.28
LOW
LOWES COMPANIES INC
$253.33$159.8258.51%19.15x15.62x1.68x-9.63x1.02x$6.23B4.30%-$15.05B-26.30$184.18B13.18
HVT
HAVERTY FURNITURE COMPANIES INC
$33.06$36.09-8.40%9.50xN/A0.62x1.73x0.68x$44.14M8.27%$308.37M19.10$623.77M6.83
FND
FLOOR & DECOR HOLDINGS INC
$129.65$63.38104.57%56.13x28.94x3.14x7.17x0.90x$255.98M1.85%$1.93B18.09$15.43B29.49
TTSH
TILE SHOP HOLDINGS INC
$6.97$1.43387.85%30.30xN/A0.80x2.59x14.66x$46.81M15.47%$119.69M2.76$441.58M6.98
LIVE
LIVE VENTURES INC
$25.91N/AN/A-30.48xN/A0.20x0.82xN/A$17.33M21.13%$99.40M31.42$330.90M9.66
LL
LL FLOORING HOLDINGS INC
$1.80N/AN/A-0.50x2.07x0.06x0.35xN/A$4.26M8.22%$157.31M5.46$261.20M-3.66
KIRK
KIRKLAND's INC
$2.36N/AN/A-0.72xN/A0.07x-4.19xN/A-$6.94M-22.75%-$7.29M-0.56$234.95M-9.36

Home Improvement Stocks FAQ

What are the best home improvement stocks to buy right now in Mar 2024?

According to Zen Score, the 3 best home improvement stocks to buy right now are:

1. Arhaus (NASDAQ:ARHS)


Arhaus (NASDAQ:ARHS) is the top home improvement stock with a Zen Score of 55, which is 23 points higher than the home improvement industry average of 32. It passed 18 out of 33 due diligence checks and has strong fundamentals. Arhaus has seen its stock return 79.83% over the past year, overperforming other home improvement stocks by 48 percentage points.

Arhaus has an average 1 year price target of $16.63, an upside of 12.33% from Arhaus's current stock price of $14.80.

Arhaus stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 8 analysts covering Arhaus, 50% have issued a Strong Buy rating, 37.5% have issued a Buy, 12.5% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Home Depot (NYSE:HD)


Home Depot (NYSE:HD) is the second best home improvement stock with a Zen Score of 52, which is 20 points higher than the home improvement industry average of 32. It passed 19 out of 38 due diligence checks and has strong fundamentals. Home Depot has seen its stock return 37.2% over the past year, overperforming other home improvement stocks by 5 percentage points.

Home Depot has an average 1 year price target of $382.77, a downside of -0.81% from Home Depot's current stock price of $385.89.

Home Depot stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 17 analysts covering Home Depot, 52.94% have issued a Strong Buy rating, 23.53% have issued a Buy, 17.65% have issued a hold, while 5.88% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Haverty Furniture Companies (NYSE:HVT)


Haverty Furniture Companies (NYSE:HVT) is the third best home improvement stock with a Zen Score of 46, which is 14 points higher than the home improvement industry average of 32. It passed 15 out of 38 due diligence checks and has strong fundamentals. Haverty Furniture Companies has seen its stock return 5.69% over the past year, underperforming other home improvement stocks by -26 percentage points.

What are the home improvement stocks with highest dividends?

Out of 3 home improvement stocks that have issued dividends in the past year, the 3 home improvement stocks with the highest dividend yields are:

1. Haverty Furniture Companies (NYSE:HVT)


Haverty Furniture Companies (NYSE:HVT) has an annual dividend yield of 6.65%, which is 3 percentage points higher than the home improvement industry average of 3.53%. Haverty Furniture Companies's dividend payout is not stable, having dropped more than 10% eight times in the last 10 years. Haverty Furniture Companies's dividend has shown consistent growth over the last 10 years.

Haverty Furniture Companies's dividend payout ratio of 62.6% indicates that its high dividend yield is sustainable for the long-term.

2. Home Depot (NYSE:HD)


Home Depot (NYSE:HD) has an annual dividend yield of 2.21%, which is -1 percentage points lower than the home improvement industry average of 3.53%. Home Depot's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Home Depot's dividend has shown consistent growth over the last 10 years.

Home Depot's dividend payout ratio of 56.2% indicates that its dividend yield is sustainable for the long-term.

3. Lowes Companies (NYSE:LOW)


Lowes Companies (NYSE:LOW) has an annual dividend yield of 1.72%, which is -2 percentage points lower than the home improvement industry average of 3.53%. Lowes Companies's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Lowes Companies's dividend has shown consistent growth over the last 10 years.

Lowes Companies's dividend payout ratio of 32.9% indicates that its dividend yield is sustainable for the long-term.

Why are home improvement stocks up?

Home improvement stocks were up 1.12% in the last day, and up 1.17% over the last week.

We couldn't find a catalyst for why home improvement stocks are up.

What are the most undervalued home improvement stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued home improvement stocks right now are:

1. Arhaus (NASDAQ:ARHS)


Arhaus (NASDAQ:ARHS) is the most undervalued home improvement stock based on WallStreetZen's Valuation Score. Arhaus has a valuation score of 71, which is 38 points higher than the home improvement industry average of 33. It passed 5 out of 7 valuation due diligence checks.

Arhaus's stock has gained 79.83% in the past year. It has overperformed other stocks in the home improvement industry by 48 percentage points.

2. Haverty Furniture Companies (NYSE:HVT)


Haverty Furniture Companies (NYSE:HVT) is the second most undervalued home improvement stock based on WallStreetZen's Valuation Score. Haverty Furniture Companies has a valuation score of 71, which is 38 points higher than the home improvement industry average of 33. It passed 5 out of 7 valuation due diligence checks.

Haverty Furniture Companies's stock has gained 5.69% in the past year. It has underperformed other stocks in the home improvement industry by -26 percentage points.

3. Tile Shop Holdings (NASDAQ:TTSH)


Tile Shop Holdings (NASDAQ:TTSH) is the third most undervalued home improvement stock based on WallStreetZen's Valuation Score. Tile Shop Holdings has a valuation score of 43, which is 10 points higher than the home improvement industry average of 33. It passed 3 out of 7 valuation due diligence checks.

Tile Shop Holdings's stock has gained 52.18% in the past year. It has overperformed other stocks in the home improvement industry by 20 percentage points.

Are home improvement stocks a good buy now?

60% of home improvement stocks rated by analysts are a strong buy right now. On average, analysts expect home improvement stocks to fall by -2.47% over the next year.

What is the average p/e ratio of the home improvement retail industry?

The average P/E ratio of the home improvement retail industry is 24.5x.
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