Home Depot, Inc.
 (HD)

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  • Today, 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.
    | Today, 11:46 AM | 19 Comments
  • 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%.
    | Fri, Jan. 22, 10:36 AM | 2 Comments
  • 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, 6:30 AM | 5 Comments
  • 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.
    | Nov. 17, 2015, 6:02 AM | 6 Comments
  • 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, 9:59 AM
  • 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.
    | Aug. 18, 2015, 6:50 AM
  • 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 19, 2015, 6:40 AM | 2 Comments
  • 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
    • Got a news tip or analyst note you'd like to see us cover? Send it to tips@seekingalpha.com.
    | May 1, 2015, 9:30 AM | 42 Comments
  • 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, 7:55 AM
  • 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.
    | Feb. 24, 2015, 7:09 AM | 4 Comments
  • Nov. 25, 2014, 1:25 PM
    • Home Depot (HD -1.8%) discloses in a SEC filing that it faces 44 civil lawsuits in the U.S. and Canada stemming from the data breach.
    • The company also says it's facing investigations by some state and federal agencies.
    • SEC Form 10-Q
    | Nov. 25, 2014, 1:25 PM | 5 Comments
  • Oct. 14, 2014, 10:17 AM
    • Home Depot (HD -1.4%) slumps after SunTrust Robinson Humphrey cuts its rating on the stock to Neutral from Buy on a valuation call.
    • The investment firm notes the weak sales trends at suppliers for renovation products.
    | Oct. 14, 2014, 10:17 AM
  • Sep. 9, 2014, 1:57 AM
    • Home Depot (NYSE:HD) has confirmed that its payment systems were breached at nearly 2,200 U.S. and Canadian stores due to a cyberattack that likely began in April.
    • The breach seems to have been been caused by similar malware used against Target last winter, and the company is now working aggressively to root out its infected data systems.
    • Home Depot says there are no indications that PIN numbers from debit cards were compromised.
    • HD -0.6% AH
    | Sep. 9, 2014, 1:57 AM | 7 Comments
  • Sep. 4, 2014, 3:40 PM
    • UBS runs the numbers on recent data breaches at major retailers such as Target, Michaels Companies, and Sally Beauty Holdings to find share prices in the group lagged the S&P over the two months following the breach disclosure.
    • The hit to the companies' sales was generally short-lived, with comp sales picking up in the quarter following the news.
    • The damage at Home Depot (HD +1.1%) could be even more minimal with the breach following closely behind Target's own data troubles, reasons UBS.
    • Shares of HD are about 3.6% off the all-time highs they etched out last week.
    | Sep. 4, 2014, 3:40 PM
  • Sep. 2, 2014, 3:48 PM
    • Home Depot (HD -2.4%) confirms it's looking into "unusual activity" as it works with law enforcement officials in relation to a possible loss of customer credit card and debit card information.
    • Early reports indicate the breach occurred in late April and could involve over 2K Home Depot stores.
    • Shares of Home Depot have recouped a bit from their initial slide after the breach report broke. Some retail analysts called the peeling off of $3.5B in market cap somewhat overdone.
    • What to watch: If the breach is as large as some banks are reporting, an increased push by the industry toward the adoption of smart card technology could be on the way.
    • Related EMV stocks: PAY, NCR, MA, V, OTCQX:IFNNY, NXPI,
    | Sep. 2, 2014, 3:48 PM | 7 Comments
  • Aug. 19, 2014, 7:19 AM
    • Home Depot (NYSE:HD) says it will buy back $3.5B worth of shares in FY14.
    • The repurchase tally is the same amount as Home Depot has already purchased this year to date.
    • The total buyback guidance of $7B is above Home Depot's original estimate of $5B.
    • Previous: Q2 earnings, details
    • HD +3.6% premarket
    | Aug. 19, 2014, 7:19 AM | 1 Comment
Company Description
Home Depot Inc is a home improvement retailer. Its stores sell an assortment of building materials, home improvement and lawn and garden products and provide a number of services.