According to Zen Score, the 3 best home improvement stocks to buy right now are:
1. Lowes Companies (NYSE:LOW)
Lowes Companies (NYSE:LOW) is the top home improvement stock with a Zen Score of 46, which is 16 points higher than the home improvement industry average of 30. It passed 16 out of 38 due diligence checks and has strong fundamentals. Lowes Companies has seen its stock return 38.59% over the past year, overperforming other home improvement stocks by 9 percentage points.
Lowes Companies has an average 1 year
price target of $275.20, an upside of 2.24% from Lowes Companies's current stock price of $269.18.
Lowes Companies stock has a consensus Buy recommendation according to Wall Street analysts. Of the 20 analysts covering Lowes Companies, 45% have issued a Strong Buy rating, 10% have issued a Buy, 45% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
2. Arhaus (NASDAQ:ARHS)
Arhaus (NASDAQ:ARHS) is the second best home improvement stock with a Zen Score of 45, which is 15 points higher than the home improvement industry average of 30. It passed 14 out of 33 due diligence checks and has strong fundamentals. Arhaus has seen its stock return 1.58% over the past year, underperforming other home improvement stocks by -28 percentage points.
Arhaus has an average 1 year
price target of $13.90, an upside of 54.79% from Arhaus's current stock price of $8.98.
Arhaus stock has a consensus Buy recommendation according to Wall Street analysts. Of the 10 analysts covering Arhaus, 50% have issued a Strong Buy rating, 20% have issued a Buy, 30% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
3. Home Depot (NYSE:HD)
Home Depot (NYSE:HD) is the third best home improvement stock with a Zen Score of 43, which is 13 points higher than the home improvement industry average of 30. It passed 15 out of 38 due diligence checks and has strong fundamentals. Home Depot has seen its stock return 35.82% over the past year, overperforming other home improvement stocks by 6 percentage points.
Home Depot has an average 1 year
price target of $417.41, an upside of 4.33% from Home Depot's current stock price of $400.09.
Home Depot stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 22 analysts covering Home Depot, 63.64% have issued a Strong Buy rating, 9.09% have issued a Buy, 22.73% have issued a hold, while 4.55% have issued a Sell rating, and 0% have issued a Strong Sell.