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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
Performance Score
Market Cap
Revenue
EBITDA
Earnings
EPS
Revenue Growth Y/Y
Revenue Growth 5Y
Earnings Growth Y/Y
Earnings Growth 5Y
Earnings Date
ARHS
ARHAUS INC
$2.30B$1.28B$204.59M$106.24M$0.77-0.69%N/A-31.86%N/A
HD
HOME DEPOT INC
$334.78B$152.67B$24.94B$15.14B$15.16-3.01%7.13%-9.44%9.16%
LOW
LOWES COMPANIES INC
$131.13B$86.38B$13.98B$7.73B$13.23-11.01%3.91%29.71%36.03%2024-05-21
FND
FLOOR & DECOR HOLDINGS INC
$12.60B$4.39B$497.16M$224.49M$2.100.72%19.73%-25.53%12.41%
HVT
HAVERTY FURNITURE COMPANIES INC
$467.60M$821.38M$79.66M$46.34M$2.86-20.49%0.39%-43.48%16.55%
TTSH
TILE SHOP HOLDINGS INC
$280.07M$366.86M$60.67M$9.25M$0.21-6.95%0.77%-34.38%5.59%
LL
LL FLOORING HOLDINGS INC
$48.13M$852.54M-$85.93M-$121.88M-$4.22-20.50%-4.78%N/AN/A2024-07-10
LIVE
LIVE VENTURES INC
$79.17M$431.28M$29.14M-$7.47M-$2.3942.73%15.78%N/AN/A
KIRK
KIRKLAND's INC
$24.43M$468.69M-$11.94M-$27.75M-$2.16-6.04%-6.25%N/AN/A2024-06-06

Home Improvement Stocks FAQ

What are the best home improvement stocks to buy right now in May 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 62, which is 26 points higher than the home improvement industry average of 36. It passed 20 out of 33 due diligence checks and has strong fundamentals. Arhaus has seen its stock return 121.17% over the past year, overperforming other home improvement stocks by 105 percentage points.

Arhaus has an average 1 year price target of $18.25, an upside of 11.28% from Arhaus's current stock price of $16.40.

Arhaus stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 8 analysts covering Arhaus, 62.5% have issued a Strong Buy rating, 37.5% have issued a Buy, 0% 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 16 points higher than the home improvement industry average of 36. It passed 19 out of 38 due diligence checks and has strong fundamentals. Home Depot has seen its stock return 16.23% over the past year.

Home Depot has an average 1 year price target of $389.28, an upside of 15.23% from Home Depot's current stock price of $337.82.

Home Depot stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 18 analysts covering Home Depot, 61.11% have issued a Strong Buy rating, 11.11% have issued a Buy, 22.22% have issued a hold, while 5.56% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Lowes Companies (NYSE:LOW)


Lowes Companies (NYSE:LOW) is the third best home improvement stock with a Zen Score of 51, which is 15 points higher than the home improvement industry average of 36. It passed 18 out of 38 due diligence checks and has strong fundamentals. Lowes Companies has seen its stock return 12.81% over the past year, underperforming other home improvement stocks by -4 percentage points.

Lowes Companies has an average 1 year price target of $250.55, an upside of 9.33% from Lowes Companies's current stock price of $229.17.

Lowes Companies stock has a consensus Buy recommendation according to Wall Street analysts. Of the 20 analysts covering Lowes Companies, 40% have issued a Strong Buy rating, 5% have issued a Buy, 55% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

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 7.64%, which is 4 percentage points higher than the home improvement industry average of 4.03%. 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 76.9% 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 2.52%, which is -2 percentage points lower than the home improvement industry average of 4.03%. 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 1.92%, which is -2 percentage points lower than the home improvement industry average of 4.03%. 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 down?

Home improvement stocks were down -1.25% in the last day, and down -1.68% over the last week.

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

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 86, which is 48 points higher than the home improvement industry average of 38. It passed 6 out of 7 valuation due diligence checks.

Arhaus's stock has gained 121.17% in the past year. It has overperformed other stocks in the home improvement industry by 105 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 57, which is 19 points higher than the home improvement industry average of 38. It passed 4 out of 7 valuation due diligence checks.

Haverty Furniture Companies's stock has gained 8.76% in the past year. It has underperformed other stocks in the home improvement industry by -8 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 57, which is 19 points higher than the home improvement industry average of 38. It passed 4 out of 7 valuation due diligence checks.

Tile Shop Holdings's stock has gained 26.31% in the past year. It has overperformed other stocks in the home improvement industry by 10 percentage points.

Are home improvement stocks a good buy now?

57.14% of home improvement stocks rated by analysts are a strong buy right now. On average, analysts expect home improvement stocks to rise by 12.62% 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 21.8x.
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