HD - Is Home Depot Still a Stock Worth Owning?
2024-06-17 06:45:00 ET
Home Depot (NYSE: HD) has succeeded by becoming a go-to supplier for construction, repair, and remodeling projects for individuals and businesses. Founders Stanley Marcus and Arthur Blank succeeded by bringing together home improvement-related needs, such as lumber, plumbing, electrical, flooring, and other product lines under one roof.
Over time, this approach made it the world's largest home improvement retailer. However, growth has slowed in recent years, and with its current markets saturated, investors are right to wonder what will drive the company's growth in the future. Is the retail stock worth owning under these circumstances, or should investors avoid it altogether?
When looking backward, at least, Home Depot is one of the most successful growth stocks in history. A $1,000 investment in its 1981 initial public offering ( IPO) is worth nearly $29 million in total stock returns .
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Is Home Depot Still a Stock Worth Owning?