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However, despite being one of the major beneficiaries of this trend, The Home Depot, Inc. (HD)–one of the largest home improvement retailers in the world–has been struggling lately. HD’s profitability was negatively impacted in the fourth quarter, ending January 31, 2021, due to surging lumber and transportation costs. Its operating expenses were also significantly higher during this period.
Conversely, here are some home improvement players that have been benefiting consistently from the industry tailwinds: Lowe’s Companies, Inc. (LOW), The Sherwin-Williams Company (SHW), and Stanley Black & Decker, Inc. (SWK). So, we think it could be wise to invest in these stocks in lieu of HD.
