5 Most Undervalued Retail Stocks To Buy According To Hedge Funds

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

Number of Hedge Fund Holders: 89

As of the end of the third quarter, 89 hedge funds had stakes in The Home Depot, Inc. (NYSE:HD). The biggest stakeholder of The Home Depot, Inc. (NYSE:HD) was Ken Fisher’s Fisher Asset Management which owns a $2.3 billion stake in the firm. The Home Depot, Inc. (NYSE:HD) had a PE ratio of less than 20 as of February 1. Its forward PE ratio is 18.59 as of February 2, according to Yahoo Finance. The Home Depot, Inc. (NYSE:HD) shares gained in January after NAHB Housing Market Index jumped. The Home Depot, Inc. (NYSE:HD) is one of the stocks that gains even when the housing market is slow. When people are not buying new homes, they usually spend on renovating their existing homes, helping home improvement equipment companies like The Home Depot, Inc. (NYSE:HD).

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