Last Updated on 02/24/2021 by GS Staff
Q: Can you purchase Menards stock?
Menards is a private company. It is not publicly-traded, therefore, you cannot buy its stocks. The majority owner of Menards is John Menard Jr. who operates this private company through Menards Inc.
Does Menards have a stock price or symbol?
No, since Menards is a private company, you cannot purchase shares through a broker. It does not have a stock price or symbol.
Will Menards ever be a public company?
There is no indication that Menards will ever be a public company. The majority of the business is owned by Jonh Menard Jr. who is likely content with his business being private. He has become a billionaire from this business so why complicate it with shareholders? Of course, that does not rule out the possibility of Menards one day going public to raise capital for expansion, debt payment, or other reasons.
The primary competitors of Menards are The Home Depot, Lowe’s, Ace Hardware, and True Value. You can purchase stock in Home Depot and Lowe’s. Home Depot trades on the NYSE under the symbol HD. Lowe’s also trades on the NYSE under LOW.
John Menard Jr. began his career constructing pole buildings in the late 1950s as a way to pay for his college. His quality work quickly was noticed around Eau Claire, Wisconsin. Soon, demand increased to where Menard had to purchase equipment and bring on additional employees.
Menard’s pole-building business was the foundation of what created Menards. The business that we know today really began its first stages of development when the company realized the demand that customers had for building materials, namely lumber. Menards started selling these materials to customers in the 1960s.
Today, Menards has over 300 stores in 14 states. The majority of the stores are located in the Midwest. It falls behind Home Depot and Lowe’s as the third-largest home improvement retailer in the United States.
Featured Image Credit – Mike Kalasnik/flickr