Thu, Jun. 23, 8:14 AM
- "Market share gains, competitive advantages, a solid underlying market, and strong management all position the company well for growth and provide downside protection," says analyst Jessica Schoen Mace, upgrading Home Depot (NYSE:HD) to Buy from Neutral. The price target of $155 is raised from $140, and represents 21% upside.
- Mace and team previously worried that slowing home price growth posed a risk to Home Depot, but note the company's comps have been positive even in the face of this slowdown.
- Full-year 2016 EPS is seen at $6.33 from $6.30, and 2017 at $7.15 from $7.10.
- Shares +1.1% premarket
Tue, May 17, 7:13 AM
- Home Depot (NYSE:HD) reports comparable-store sales rose 6.5% in Q1.
- The comp delivered for the U.S. stores was 7.4%.
- Gross margin rate squeezed 20 bps to 34.2%.
- SG&A expense rate improved 110 bps to 18.8%.
- Operating margin rate increased 110 bps to 13.5%.
- Merchandise inventory +7.4% to $13.22B.
- Number of customer transactions grew 4.1% to 374.8M.
- Store count +1 Q/Q to 2,275
- FY2016 Guidance: Sales growth: ~+6.3%; Comparable-store sales: ~+4.9%; Diluted EPS: ~$6.27 (~+14.8%).
- HD +1.26% premarket.
Tue, Feb. 23, 9:42 AM
- Home Depot (HD +2.7%) and Lowe's (LOW +0.3%) are both higher in early trading after warm weather across the U.S. in Q4 appears to have extended fall product buying from consumers past the normal time period.
- Home Depot's 9% gain in Q4 comparable-store sales blasted past the consensus estimate for a 5% rise. That mark bodes well for Lowe's which reports tomorrow.
- A bigger trend is also in play. The home improvement chains are benefiting from a general willingness by consumers to spend on house projects and accessories over apparel. The department store sector (JCP, KSS, JWN, M, SHLD) in particular is being hard hit by the pronounced shift in consumer preferences as comparable-store sales growth continues to retreat despite some store weaning.
- Previously: Home Depot beats by $0.07, beats on revenue (Feb. 23 2016)
- Previously: Home Depot +2.6% post record Q4 results (Feb. 23 2016)
Tue, Feb. 23, 6:34 AM
- Home Depot (NYSE:HD) reports comparable-store sales rose 7.1% in Q4.
- The comp delivered for the U.S. stores was 8.9% for the period.
- Gross margin rate dropped 20 bps to 34.1%.
- SG&A expense rate declined 90 bps to 19.9%.
- Operating margin rate grew 70 bps to 12.1%.
- Merchandise inventory +6.6% to $11.81B.
- Number of customer transactions increased 5.1% to 349.1M.
- Store count +5 Y/Y to 2,274
- FY2016 Guidance: Sales growth: ~+5.1% to +6%; Comparable-store sales: ~+3.7% to +4.5%; Gross margin rate: flat; Operating margin rate: ~+70 bps; Tax rate: ~37%; Diluted EPS: ~$6.12 to $6.18 (+12% to +13%); Capex: $1.64B; Cash flow from operations: ~$10B; D&A expense: ~$1.9B.
- HD +2.6% premarket.
Tue, Feb. 23, 6:01 AM
Thu, Feb. 11, 11:46 AM
- There's some nervous trading on stocks associated with consumers spending money on their houses. Today's macroeconomic news and stock market decline are cutting into confidence over consumer spending patterns.
- Pier 1 Imports (PIR -7.9%), Mattress Firm (MFRM -3.1%), Tile Shop (TTS -2.9%), Lumber Liquidators (LL -5.8%), Restoration Hardware (RH -3.6%), Bed Bath & Beyond (BBBY -2.5%), La-Z-Boy (LZB -3%), Kirkland's (KIRK -2.3%), and Williams-Sonoma (WSM -2.5%) are all lower than broad market averages.
- Lowe's (LOW -1.5%) and Home Depot (HD -1.2%) are showing a milder loss.
Fri, Jan. 22, 10:36 AM
- Investors are placing some bets on select winter storm stocks as the East Coast preps for a snow pummeling.
- Home Depot (HD +3%) and Lowe's (LOW +1.9%) continue to pick up steam after solid sessions yesterday.
- Briggs & Stratton (NYSE:BGG) is up 5.2% as investors bet on higher demand for generators and snowblowers. Peer Toro (NYSE:TTC) is 3.6% higher.
- Arctic Cat (NASDAQ:ACAT) is up 13% since mid-Wednesday as snowmobiles enter the conversation again after a mild start to the winter in the U.S.
- Winter apparel sellers Columbia Sportswear (NASDAQ:COLM) and Black Diamond (NASDAQ:BDE) are both up around 4%.
Nov. 17, 2015, 6:30 AM
- Home Depot (NYSE:HD) reports comparable-store sales rose 5.1% in Q3.
- The comp for U.S. stores was 7.3% for the quarter.
- Gross margin rate improved 40 bps to 34.7.
- SG&A expense rate fell 80 bps to 19.1%.
- Operating margin rate increased 130 bps to 13.7%.
- Merchandise inventory +4.1% to $12.5B.
- Number of customer transactions grew 4.4% to 371.1M.
- Store count +7 Y/Y to 2,273
- FY2015 Guidance: Sales growth: ~+5.7%; Comparable-store sales: ~+4.9%; Diluted EPS: ~$5.36 (+14%).
Nov. 17, 2015, 6:02 AM
- Home Depot (NYSE:HD): Q3 EPS of $1.35 beats by $0.03.
- Revenue of $21.82B (+6.3% Y/Y) beats by $60M.
- Shares +1.94% PM.
Aug. 18, 2015, 9:59 AM
- Key metrics improved at Home Depot (HD +2%) in Q2 as the chain continues to outperform the broad retail sector at scale.
- Transactions rose 2.6% during Q2, while the average ticket was up 1.7%. By comparison, Wal-Mart saw an U.S. traffic gain of 1.3% and its average ticket was up 0.2%.
- Sales per square foot at HD stores increased 4.1% Y/Y to $420.37.
- The company's expectation of same-store sales growth of 4.1%-4.9% for the full year also easily tops the pace expected by most major retail chains.
- Home Depot set a new all-time high of $123.00 in early trading.
- Previously: Home Depot EPS in-line, beats on revenue (Aug. 18 2015)
- Previously: More on Home Depot's Q2 (Aug. 18 2015)
Aug. 18, 2015, 6:50 AM
- Home Depot (NYSE:HD) reports comparable-store sales rose 4.2% in Q2.
- U.S. comp was 5.7% for the quarter.
- Gross margin rate grew 10 bps to 33.7%.
- SG&A expense rate decreased 10 bps to 17.3% during the period.
- Operating margin rate increased 20 bps to 14.7%.
- Merchandise inventory +1.7% to $11.86B.
- Number of customer transactions increased 2.6% to 420.4M.
- FY2015 Guidance: Sales growth: ~+5.2% to +6%; Comparable-store sales: ~+4.1% to +4.9%; Diluted EPS: $5.31 to $5.36.
May 19, 2015, 6:40 AM
- Home Depot (NYSE:HD) reports comparable-store sales rose 6.1% in Q1.
- The comp delivered in the U.S. was 7.1% for the quarter.
- Gross margin rate remained constant at 34.3%.
- SG&A expenses increased 2.36% to $4.16B during the period.
- Operating margin rate improved 86 bps to 12.43%.
- Merchandise inventory -0.30% to $12.31B.
- FY2015 Guidance: Sales growth: ~+4.2% to +4.8%; Comparable-store sales: ~+4.0% to +4.6%; Diluted EPS: $5.24 to $5.27.
- HD -1.16% premarket.
May 1, 2015, 9:30 AM
- Xuhua Zhou, who raised the original red flag on Lumber Liquidators' floors back in 2013, says Lowe's (NYSE:LOW) floors are riddled with the same formaldehyde issues that sent LL's stock into a tailspin after the infamous 60 Minutes segment on March 1.
- Independent tests show that one of Lowe's floors scores 10x the allowed formaldehyde threshold. To put that in context, 60 Minutes tested 31 samples from Lumber Liquidators; Lowe's Chocolate Cherry Hickory would have been the third worst of all 31 samples. The results from Lowe's were 1.134 ppm. The CARB 2 threshold is 0.11 ppm.
- 60 Minutes seems to have taken Global Community Monitor's testing of Home Depot (NYSE:HD) and Lowe's products at face value, and did no independent testing. Still, Zhou's research suggests that Home Depot's flooring is CARB 2 compliant.
- Source: Lowe's Laminate Flooring May Have Issues Similar To Lumber Liquidators'
- Note: LOW puts were 20x more active than usual yesterday
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Feb. 24, 2015, 7:55 AM
- Analysts are finding a lot to like from Home Depot's (NYSE:HD) Q4 report and 2015 guidance.
- The home improvement retailer's sizzling 7.9% comp during the quarter flew past the consensus analyst mark of 5.4%.
- The company also ended with a clean inventory position amid a solid pricing trend.
- Traffic was up over 5% Y/Y in a sign that bodes well heading into the spring season.
- Home Depot (HD) is up 3.77% premarket to $116.50, while Lowe's (NYSE:LOW) is showing a nice 1.99% gain off the solid report from its peer.
- Previously: Home Depot beats by $0.11, beats on revenue
- Previously: More on Home Depot's Q4
Feb. 24, 2015, 7:09 AM
- Home Depot (NYSE:HD) reports comparable-store sales rose 7.9% during Q4 and 5.3% for the year.
- The comp delivered in the U.S. was 8.9% for the quarter & 6.1% for the fiscal year.
- Total operating expenses increased 2.3% to $4.532B during the period, led by a 2.5% rise in SG&A expenses.
- Operating margin rate improved 148 bps to 11.43%.
- Merchandise inventory +0.20% to $11.08B.
- FY2015 Guidance: Sales growth: ~+3.5% to +4.7%; Comparable-store sales: ~+3.3% to +4.5%; Gross margin: flat; operating margin: +60 bps; Tax rate: ~37%; Diluted EPS: $5.11 to $5.17; Share repurchase: ~4.5B; Capex: ~$1.6B; D&A: ~$1.8B; Cash flow from operations: ~$9.0B; New stores: 6.
- HD +3.09% premarket.
Nov. 25, 2014, 1:25 PM
Home Depot, Inc. is a home improvement retailer that sells building materials and home improvement products. It operates The Home Depot stores, which provides full-service, warehouse-style stores that sells a wide assortment of building materials, home improvement products and lawn and garden... More
Industry: Home Improvement Stores
Country: United States
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