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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
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
ARHS
ARHAUS INC
United States
$2.40B140,356,91633.89%23.67%Net SellingNet Selling
HD
HOME DEPOT INC
United States
$352.82B991,614,18669.76%4.37%Net SellingNet Selling
LOW
LOWES COMPANIES INC
United States
$130.26B569,835,27573.38%1.05%Net SellingNet Selling
HVT
HAVERTY FURNITURE COMPANIES INC
United States
$406.07M16,236,23769.93%30.07%Net SellingNet Selling
FND
FLOOR & DECOR HOLDINGS INC
United States
$12.27B107,011,86080.56%19.44%Net SellingNet Selling
TTSH
TILE SHOP HOLDINGS INC
United States
$309.01M44,526,19424.10%75.90%Net BuyingNet Buying
LL
LL FLOORING HOLDINGS INC
United States
$41.08M30,657,35533.58%50.04%Net BuyingNet Buying
LIVE
LIVE VENTURES INC
United States
$76.31M3,144,0281.41%98.59%Net Selling
KIRK
KIRKLAND's INC
United States
$23.47M13,038,97810.12%89.88%Net SellingNet Selling

Home Improvement Stocks FAQ

What are the best home improvement stocks to buy right now in Jun 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 52, which is 21 points higher than the home improvement industry average of 31. It passed 17 out of 33 due diligence checks and has strong fundamentals. Arhaus has seen its stock return 87.19% over the past year, overperforming other home improvement stocks by 74 percentage points.

Arhaus has an average 1 year price target of $18.25, an upside of 6.79% from Arhaus's current stock price of $17.09.

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 50, which is 19 points higher than the home improvement industry average of 31. It passed 18 out of 38 due diligence checks and has strong fundamentals. Home Depot has seen its stock return 18.32% over the past year, overperforming other home improvement stocks by 6 percentage points.

Home Depot has an average 1 year price target of $389.28, an upside of 9.41% from Home Depot's current stock price of $355.80.

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 46, which is 15 points higher than the home improvement industry average of 31. It passed 16 out of 38 due diligence checks and has strong fundamentals. Lowes Companies has seen its stock return 6.69% over the past year, underperforming other home improvement stocks by -6 percentage points.

Lowes Companies has an average 1 year price target of $248.75, an upside of 8.82% from Lowes Companies's current stock price of $228.59.

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 8.88%, which is 5 percentage points higher than the home improvement industry average of 4.2%. 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 not 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. 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 4.2%. 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 35.2% indicates that its dividend yield is sustainable for the long-term.

3. Home Depot (NYSE:HD)


Home Depot (NYSE:HD) has an annual dividend yield of 1.81%, which is -2 percentage points lower than the home improvement industry average of 4.2%. 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 56.9% indicates that its dividend yield is sustainable for the long-term.

Why are home improvement stocks down?

Home improvement stocks were down -0.04% in the last day, and up 0.96% 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 57, which is 32 points higher than the home improvement industry average of 25. It passed 4 out of 7 valuation due diligence checks.

Arhaus's stock has gained 87.19% in the past year. It has overperformed other stocks in the home improvement industry by 74 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 43, which is 18 points higher than the home improvement industry average of 25. It passed 3 out of 7 valuation due diligence checks.

Haverty Furniture Companies's stock has dropped -11.81% in the past year. It has underperformed other stocks in the home improvement industry by -25 percentage points.

3. Lowes Companies (NYSE:LOW)


Lowes Companies (NYSE:LOW) is the third most undervalued home improvement stock based on WallStreetZen's Valuation Score. Lowes Companies has a valuation score of 29, which is 4 points higher than the home improvement industry average of 25. It passed 2 out of 7 valuation due diligence checks.

Lowes Companies's stock has gained 6.69% in the past year. It has underperformed other stocks in the home improvement industry by -6 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 10.74% 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 23.08x.
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