Should I buy this FTSE 250 home improvement stock?

a couple embrace in front of their new home

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FTSE 250 incumbent Grafton Group (LSE:GFTU) has seen its shares fall considerably in recent months. Could now be a good time to add the shares to my holdings for a longer-term recovery as well as increased returns? Let’s take a closer look.

Home improvement business

As a quick reminder, Grafton is the largest home improvement retailer in Ireland with over 35 locations. It also has an online store but the business has a diversified offering with distribution and manufacturing arms that provide products in the UK too.

So what’s happening with Grafton shares currently? Well, as I write, they’re trading for 813p. At this time last year, the stock was trading for 1.237p, which is a 34% drop over a 12-month period.

To buy or not to buy

So what are the pros and cons of me buying the shares?

FOR: Investor sentiment for long-term

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