Why Home Depot is the go-to home improvement stock: Strategist

is joined by Zacks Investment Management Client Portfolio Manager Brian Mulberry to dissect his stock picks in the home improvement sector.) as a stock to buy, highlighting the company's integrated retail strategy, which he believes"enhances their digital footprint." This approach allows Home Depot to gather more data on consumer trends and increase"wallet share.

And so what that does is it allows Home Depot to actually capture more wallet share from consumers because they know more about what consumers are interested in so that investment has proven to be very profitable, help them control costs and stay ahead of trends.One of the things that customers need is contractors to do the projects that they want to do and hopefully buy the stuff at Home Depot.

It really has, and they've made a couple of key acquisitions recently where they actually now have access to very customizable finishing products. So they're looking to really spruce up, take advantage of some of the equity increases that they've had in that house and then make it more livable, or maybe even completely new, because they know they're gonna be there for a lot longer than they may have already originally planned.

But they're also having inventory control problems of their own, where their cost of inventory has not been as sharp as home depots and so they're losing margin even in some smaller items as well.What do we expect on the seasonal side with the sales of those kinds of items?And that has lagged sales from the Garden Centre.

It sees benefits from its integrated retail strategy, the ability to add on to margins and making strides in capturing the professional contractor market.

Source: News Formal (newsformal.com)

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