This company remains the undisputed leader in the home improvement retail category and another solid stock to own when rates go higher. Home Depot Inc. (NYSE: HD) is the world’s largest home improvement specialty retailer, with 2,270 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico.
Home Depot stores sell various building materials, home improvement products, and lawn and garden products, as well as provide installation, home maintenance and professional service programs to do-it-yourself (DIY), do-it-for-me (DIFM) and professional customers.
Home Depot shareholders are paid a 2.26% dividend. The $219 Merrill Lynch price target is higher than the posted consensus price objective of $211.13. The stock closed Friday’s trading at $186.85 a share.
While this company has changed the way it does shows due to a degree of public outcry, the parks remain a prime summer attraction. SeaWorld Entertainment Inc. (NASDAQ: SEAS) is a leading theme park company that delivers family-oriented entertainment through a diversified array of offerings and a focus on animal interaction and education.
The company owns and operates 11 theme parks in the United States, which attract more than 20 million visitors annually. Key brands include SeaWorld (with parks in Florida, California and Texas), Busch Gardens (Florida and Virginia) and Sesame Place (Pennsylvania). Flanker brands include Discovery Cove (Florida), Aquatica (Florida, California and Texas), Adventure Island (Florida) and Water Country USA (Virginia).
The analysts at Stifel have set a $20 price objective on the stock, while the consensus target price was last seen at $17. The shares closed at $17.82 on Friday.
Six Flags Entertainment
This is another theme park giant that is poised to see a host of visitors this summer. Six Flags Entertainment Corp. (NYSE: SIX) is a regional theme park operator, with approximately 19 regional theme and water parks. Its parks occupy approximately 4,500 acres of land and are located in geographically diverse markets across North America. Its parks offer a selection of thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues and retail outlets. They offer approximately 830 rides, including over 135 roller coasters.
The Company’s parks include Six Flags America, Six Flags Discovery Kingdom, Six Flags Fiesta Texas, Six Flags Great Adventure & Safari/Six Flags Hurricane Harbor, Six Flags Great America, Six Flags St. Louis, Six Flags Magic Mountain/Six Flags Hurricane Harbor, Six Flags Mexico and Six Flags New England.
Six Flags investors are paid a solid 4.36% distribution. Wedbush has a $76 price target on the shares. The posted consensus target is $73.60, and the stock was last trading at $64.26 per share.
Of course, all these companies do business year round, but the summer brings warm weather and vacation time for families, and that means more business and more people spending money.