5 Best Retail Stocks To Buy Now

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

Number of Hedge Fund Holders: 80

Total Value of Hedge Fund Holdings:  $5,354 Million

Number two on our list of ten best retail stocks to buy now is Home Depot, Inc. (NYSE:HD). The stock posted solid Q2 results beating EPS estimate by $0.12 and revenue estimate by $459.47 million. The Home Depot, Inc. (NYSE:HD) price target was increased by Truist analyst Scot Ciccarelli from $375 to $399, on August 17, while maintaining a Buy recommendation for the stock.

By the end of the second quarter of 2022, 80 hedge funds out of the 895 tracked by Insider Monkey held stakes in Home Depot, Inc. (NYSE:HD), worth roughly $5,354 million. This is compared to the previous quarter’s 75 hedge fund holders with a total stake value of roughly $5,591 million.