Home Depot
This remains the undisputed leader in the home improvement retail category, and summertime is huge for the company. Home Depot Inc. (NYSE: HD), a home improvement retailer, sells various building materials, home improvement products, lawn and garden products and décor products, as well as facilities maintenance, repair and operations products.
The company also offers installation services for flooring, water heaters, baths, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows. In addition, it provides tool and equipment rental services. The company primarily serves homeowners, as well as professional renovators/remodelers, general contractors, maintenance professionals, property managers, building service contractors and specialty tradesmen, such as electricians, plumbers and painters.
Besides through Home Depot stores, the company also sells its products online, including via Blinds.com, a site for custom window coverings, and The Company Store, a site for textiles and décor products.
Shareholders receive a 2.78% dividend. Wells Fargo’s price target is $345, and Home Depot stock has a $313.39 consensus target. The closing share price on Tuesday was $300.08.
Kroger
This grocery chain giant is always a solid idea when the going gets rough as people tend to go out less, and it is a big Warren Buffett holding. Kroger Co. (NYSE: KR) operates as a retailer in the United States with a focus on combination food and drug stores, multi-department stores, marketplace stores and price impact warehouses.
Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood and organic produce. Its multi-department stores provide apparel, home fashion and furnishings, outdoor living, electronics, automotive products and toys.
The company’s marketplace stores offer full-service grocery, pharmacy, health and beauty care, and perishable goods, as well as general merchandise, including apparel, home goods, and toys. The price impact warehouse stores provide grocery and health and beauty care items, as well as meat, dairy, baked goods and fresh produce items.
Kroger also manufactures and processes food products for sale in its supermarkets and online, and it sells fuel through 1,613 fuel centers. As of January 29, 2022, the company operated 2,726 supermarkets under various banner names in 35 states and the District of Columbia.
Kroger stock comes with a 2.24% dividend. The BofA Securities target price is $75, well above the consensus target of $52.13 and Tuesday’s close at $46.86.
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