12 Best Long Term Low Risk Stocks to Buy Right Now

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9. The Home Depot, Inc. (NYSE:HD)

Number of Hedge Fund Holders: 82

Home Depot, Inc. (NYSE:HD) operates as a home improvement retailer. The recent financial performance and strategic initiatives of the firm underscore its commitment to long-term growth, particularly through enhancing customer experience and expanding its professional segment. In the third quarter of 2024, the company reported sales of $40.2 billion, a 6.6% increase from the same period in the previous year. However, comparable sales decreased by 1.3%, with US comparable sales down by 1.2%. In the second quarter, sales had reached $43.2 billion, a 0.6% increase from the prior year, indicating modest growth. Home Depot aims for sales growth between 3% and 4% per year, maintaining a flat gross margin rate, and achieving operating margin expansion through sales leverage and productivity.

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