Here's Why Home Depot Stock Could Make You Richer
Home Depot (NYSE: HD) has been flourishing as a business as Americans have been putting greater importance on the look of their homes in the past few years, especially since the onset of the pandemic. The home improvement giant's good fortunes of late come on top of the already impressive operating performance it achieved over the past decade.
Along with the improved performance, Home Depot's stock has also performed well and made plenty of investors richer as a result. Indeed, over the last five years, Home Depot stock is up 164%. Let's look at why owning this stock long-term could make you richer as well.
Home Depot's stock is trading at a relatively inexpensive price-to-earnings ratio of 23. Image source: Getty Images.
Source Fool.com
