Home Depot, Inc.NYSE
Tue, Nov. 22, 12:23 PM
- Home improvement stocks and retailers tied to home purchasing are racing higher after an unexpectedly strong report on U.S. existing home sales was released by the National Association of Realtors this morning. Housing demand was strong despite higher prices and lower inventory.
- Home Depot (NYSE:HD) +1.70% to $130.40 vs. a 52-week trading range of $109.62 to $139.00.
- Lowe's (NYSE:LOW) +2.52% to $71.15 vs. a 52-week trading range of $62.62 to $83.65.
- Lumber Liquidators (NYSE:LL) +7.64% to $18.32 vs. a 52-week trading range of $10.01 to $20.10.
- Tile Shop Holdings (NASDAQ:TTS) +1.03% to $3.91 vs. a 52-week trading range of $3.53 to $4.42.
- Restoration Hardware (NYSE:RH) +4.88% to $36.72 vs. a 52-week trading range of $24.75 to $94.88.
- Pier 1 Imports (NYSE:PIR) +2.57% to $6.00 vs. a 52-week trading range of $3.73 to $7.70.
- Bed Bath & Beyond (NASDAQ:BBBY) +1.69% to $45.60 vs. a 52-week trading range of $38.60 to $55.62.
- Haverty Furniture (NYSE:HVT) +1.87% to $21.75 vs. a 52-week trading range of $16.57 to $24.54.
- Williams-Sonoma (NYSE:WSM) +1.96% to $54.62 vs. a 52-week trading range of $45.96 to $65.42.
- Boise Cascade (NYSE:BCC) +3.95% to $22.35 vs. a 52-week trading range of $13.80 to $31.85.
Thu, Nov. 17, 4:33 PM
Thu, Nov. 17, 11:10 AM
- A big jump in housing starts in October to a seasonally-adjusted level of 1.323M is bringing some buyers into select retail stocks loosely associated with home spending.
- Making the cut are Home Depot (HD +1.6%), Kirkland's (KIRK +2.2%), Williams-Sonoma (WSM +2.2%) and The Container Store (TCS +2.2%), Haverty Furniture (HVT +1.2%) and La-Z-Boy (LZB +0.4%).
- Previously: Housing starts top expectations (Nov. 17)
Tue, Nov. 15, 12:05 PM
- Gaining on triple or more their normal volume:
- Advance Auto (AAP +15.5%)
- BBVA (BBVA +1.1%)
- Eni (E +1.9%)
- Global Payments (GPN +2.9%)
- JD.com (JD +13.3%)
- Visa (V +1.3%)
Tue, Nov. 15, 9:03 AM
- Retail sales topped expectations in October off of broad strength across key categories. On a year-over-year comparison, retail sales were up 4.3% during the month as hiring and wage growth clearly overshadowed election fatigue.
- Building material and garden equipment sales increased 1.1% M/M and 6.5% Y/Y. That strength was tipped off a bit earlier when Home Depot (NYSE:HD) reported.
- Sales at health and personal care stores were up 0.8% M/M and 8.3% Y/Y. Not a bad read for Ultra Beauty (NASDAQ:ULTA) and e.l.f. Beauty (NYSE:ELF).
- The miscellaneous store retailers and nonstore retailers categories both showed a sizzling double-digit Y/Y pace of sales. Amazon (NASDAQ:AMZN) and eBay (NASDAQ:EBAY) are included in the latter group of online sellers.
- "The consumer is in good shape," says Barclays chief U.S. economist Michael Gapen after digesting the data.
- Retail ETFs: XLY, XRT, VCR, RTH, RETL, IYK, FXD, IYC, FDIS, SCC, RCD, UCC, PMR, UGE, SZK, CNDF, FTXD, JHMC.
Tue, Nov. 15, 6:19 AM
- Home Depot (NYSE:HD) reports comparable-store sales rose 5.5% in Q3.
- The comp sales for the U.S. stores was 5.9%.
- Gross margin rate constant Y/Y at 34.7%.
- SG&A expense rate improved 60 bps to 18.5%.
- Operating margin rate increased 60 bps to 14.3%.
- Merchandise inventory +6% to $13.24B.
- Number of customer transactions expanded 2.4% to 380M.
- Store count +3 Y/Y to 2,276 for the period.
- FY2016 Guidance: Sales growth: ~+6.3%; Comparable-store sales: ~+4.9%; Diluted EPS: ~$6.33 (~+15.9%).
- HD +2.01% premarket.
Tue, Nov. 15, 6:01 AM
Mon, Nov. 14, 5:35 PM
Sat, Nov. 5, 5:10 PM
- Brian Belski, chief investment strategist at BMO Capital Markets, says investors too often focus on "yield alone." Instead, he says they should look for companies with proven track records of steady payout growth.
- In a recent screen he developed, he looked for companies that had no dividend cuts in each of the past five completed fiscal years, and filetered for stocks with yields higher than that of the S&P 500 (~2.2%); payout ratios below the market's 50.4% level; FCF yields that exceed their dividend yields; and one-year dividend-per-share growth better than the S&P 500's median of 7.7%.
- Names it turned up include Amgen (NASDAQ:AMGN), Cisco (NASDAQ:CSCO), Harley-Davidson (NYSE:HOG), Home Depot (NYSE:HD), Illinois Tool Works (NYSE:ITW), KeyCorp (NYSE:KEY), Motorola Solutions (NYSE:MSI), and Texas Instruments (NYSE:TXN).
- Source: Barron's
Fri, Oct. 14, 9:05 AM
- Retail sales increased 2.7% Y/Y and 0.6% M/M in September on broad gains across categories. The sales totals for August were also nudged slightly higher.
- Sales from nonstore retailers like Amazon (NASDAQ:AMZN) were up 10.6% Y/Y to once again account for a higher percentage of overall sales.
- The building material & garden equipment category showed a 1.4% M/M and 5.6% Y/Y gain which bodes well for Home Depot (NYSE:HD) and Lowe's (NYSE:LOW).
- Department stores (DDS, SHLD, JCP, M, JWN) lagged again as sales fell 0.7% M/M and 6.4% Y/Y, while furniture and home furnishing stores (HVT, WSM, KIRK, RH, BBBY) outpaced the broad averages in the sector.
- Restaurant sales (NASDAQ:BITE) showed a nice jump from August, although the breakdown between large publicly-traded chains and independent restaurants isn't broken down.
- The early take from retail analysts is that the overall tone from the report is ever-so-slightly positive for Wal-Mart (NYSE:WMT) and Target (NYSE:TGT).
- Previously: Retail sales track higher as expected (Oct. 14)
Mon, Oct. 10, 3:29 AM
- At least eleven people were killed in South and North Carolina by Hurricane Matthew's destructive forces on Sunday, bringing the storm's death toll to 19 across the southeastern U.S.
- More than 2M businesses and homes are still in the dark, and water, sewage and gas are out in many areas.
- Although the hurricane has been downgraded to a post-tropical cyclone, authorities have warned it will pose dangers for days to come.
- Related tickers: HCI, UVE, HRTG, UIHC, FNHC, PGTI, BECN, OC, HD, LOW
Sun, Oct. 9, 4:27 AM
- Hurricane Matthew slammed into North Carolina and Virginia on Sunday, packing a diminished yet still potent punch as it caused major flooding and widespread power outages along the U.S. East Coast.
- The most powerful Atlantic storm since 2007 has killed at least 11 people in Florida, Georgia and North Carolina since Thursday and left more than two million businesses and homes without power.
- Related tickers: HCI, UVE, HRTG, UIHC, FNHC, PGTI, BECN, OC, HD, LOW
Thu, Oct. 6, 4:09 PM
- Investors bid up Home Depot (NYSE:HD) today with Hurricane Matthew bearing down on Florida, Georgia, and South Carolina.
- The retailer has seen notable lifts to comparable sales in the past from large hurricanes or slow-moving tropical storms, although in some cases the sales gains have been offset by extra storm-related costs
- Shares of HD closed 2.05% higher on the day to end a trading session over $130 for the first time in about a month.
Thu, Oct. 6, 4:02 PM
- Alongside big declines for some property & casualty insurers, building and roofing materials suppliers are rallying ahead of Hurricane Matthew, which is now a Category 4 storm.
- According to CoreLogic the reconstruction costs of this storm could be in the area of $54B.
- Beacon Roofing (BECN +4.4%), Owens Corning (OC +2.5%), PGT (PGTI +9.5%).
- The team at JPMorgan notes Home Depot (HD +2.1%) and Lowe's (LOW -0.2%) both saw same-store sales climb about 100 basis points after three major storms hit in 2004. Trouble is, expenses climbed as well, leading to little effect on EPS.
Thu, Sep. 15, 9:02 AM
- Retail sales fell in August on a month-over-month comparison. The drop wasn't a large surprise considering the onslaught of warnings from the retail sector on store traffic.
- 8 out of the 13 retail categories showed negative growth during the month, with the largest drops recorded in the building material/garden equipment/supplies dealers and miscellaneous store retailers categories. The broad weakness turned on its head the argument that money freed up from a lower level of auto sales would be funneled into other consumer purchases.
- Food services and drinking places showed a +0.9% M/M and +5.8% Y/Y increase in a somewhat surprising result considering the harsh read from Black Box Intelligence on August same-store sales in the restaurant sector BITE. Is the discrepancy an indication that independent restaurants are taking market share?
- On a year-over-year basis, retail sales were up 1.9%. As expected the Amazon-influenced nonstore retailers category did the heavy lifting with an 11% gain. Larger U.S. retail chains (WMT, SPLS, TGT, BBY, DG, COST, KR, WBA, CVS, LOW, HD, SWY) have been raising the issue of pricing pressure in recent conference presentations and guidance updates which could be a nagging sales deflator for the balance of the year.
- Previously: Retail sales disappoint in August (Sept. 15)
- Retail ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, PBJ, IYK, FXD, IYC, RHS, FDIS, PEJ, FSTA, PSL, SCC, RCD, UCC, PEZ, PMR, PSCC, UGE, PSCD, SZK, BITE, CNDF, CNSF, IBUY, JHMC, JHMS.
Fri, Sep. 2, 7:32 AM
- "While the situation is still developing, the prospect of harm is significant and apparent,” writes the Retail Industry Leaders Association to the Department of Commerce and the Federal Maritime Commission in wake of the bankruptcy filing of South Korea's Hanjin Shipping.
- Hanjin handles nearly 8% of trans-Pacific trade volume, and terminal operators, ports, cargo handlers, truckers, and others are refusing to handle its cargo over fear they won't get paid.
- The resulting chaos in the shipping industry - U.S.-bound cargo isn't leaving port, cargo-filled Hanjin ships can't get into U.S. ports, already delivered cargo sits un-handled - comes as U.S. retailers are about to begin stocking up for the holiday season.
- Those most exposed include Wal-Mart (NYSE:WMT), Target (NYSE:TGT), and J.C. Penney (NYSE:JCP). Home Depot (NYSE:HD) says Hanjin isn't its only carrier, so it's not expecting a material impact.
- Previously: Hanjin ships get stranded at sea (Sept. 1)
- ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, FXD, RHS, FDIS, FSTA, RCD, PMR, JHMC, JHMS, CNSF, CNDF