Today, 5:35 PM
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.
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)
Wed, Oct. 5, 11:11 AM
- A number of chain store stocks are tracking higher after a number of positive economic reads came in this week. The rally is somewhat limited to apparel store names and specialty retailers.
- Traders may be looking at data from ISM that indicated a solid jump in services sector activity.
- Also yesterday, Redbook reported the first +1% increase in chain store sales since May and the National Retail Federation forecast a solid 3.6% gain in holiday sales.
- Leading sector gainers include Ascena Retail Group (ASNA +7.1%), Chico's FAS (CHS +3.4%), Gap (GPS +3.4%), Abercrombie & Fitch (ANF +2.2%), Stage Stores (SSI +3.6%), Boot Barn (BOOT +0.8%), Express (EXPR +2.1%), and Francesca's (FRAN +2%), Pier 1 Imports (PIR +6%), The Container Store (TCS +4.9%), Restoration Hardware (RH +2.1%), and Signet Jewelers (SIG +3.6%).
Fri, Sep. 9, 9:17 AM
Thu, Sep. 8, 5:41 PM
Thu, Sep. 8, 4:31 PM
- Restoration Hardware (NYSE:RH) trades higher after beating earnings estimates with its Q2 report.
- The company pulled some sales forward due to its ability to ship products earlier than expected.
- Brand revenue fell 3% Y/Y in Q2. Direct revenue was off 2% to rep 43% of total sales. Adjusted operating margin came in at 6.1%.
- Looking ahead, Restoration Hardware expects Q3 revenue of $520M-$530M and EPS of $0.13-$0.18.
- Previously: Restoration Hardware beats by $0.15, beats on revenue (Sept. 8)
- Shares of Restoration Hardware are up 6.40% AH to $37.55.
Thu, Sep. 8, 4:06 PM
Wed, Sep. 7, 5:35 PM
Fri, Aug. 19, 9:14 AM
Fri, Aug. 19, 8:21 AM
- Restoration Hardware (NYSE:RH) is added to the America Conviction Buy List at Goldman Sachs with the retailer seen returning to growth next year.
- "In a sense, we expect RH to deliver the refresh to its vitality that the market originally expected a year ago, but which was derailed by its own struggles and macro headwinds," writes analyst Matthew Fassler.
- Goldman sets a price target of $40 on RH.
- Shares of Restoration Hardware are up 5.62% to $32.50 in premarket action.
Wed, Aug. 17, 11:16 AM
- Soft earnings reports from Target, Lowe's, and Staples are tainting the retail sector today.
- A loose theme among the trio is that they are feeling the impact of general store traffic pressure on one front and under-performing Amazon on the e-commerce side (or Home Depot in the case of Lowe's).
- Notable movers include Office Depot (ODP -7%), Pier 1 Imports (PIR -2.7%), Haverty Furniture (HVT -1.1%), Sears Holdings (SHLD -6.5%), Stage Stores (SSI -3%), Nordstrom (JWN -2.4%), Tilly's (TLYS -0.8%), Zagg (ZAGG -2.7%), Party City (PRTY -1.3%), J.C. Penney (JCP -4.4%), Restoration Hardware (RH -4.1%) Bed Bath & Beyond (BBBY -1.9%), Williams-Sonoma (WSM -2.8%), and Kohl's (KSS -2.3%),
- Looking ahead, Wal-Mart (WMT -0.3%) reports earnings tomorrow before the bell. The same-store sales bar is relatively low after the company guided for a 1% gain for U.S. SSS and with the consensus estimate of analysts even lower at +0.9%. Perhaps more important than Q2 numbers will be the comments from Wal-Mart management on the Jet.com integration and the impact of higher base wages.
Mon, Jul. 18, 1:14 PM
Wed, Jun. 22, 9:40 AM
- Restoration Hardware (RH +2.8%) spikes after BB&T says Williams-Sonoma (WSM +1.4%) may acquire the chain at $50 per share. A deal would be accretive to WSM's earnings at a rate of 16% to FY17 EPS and 25% to FY18 EPS, according to a rough estimate.
- Restoration Hardware slipped to a 52-week low of $26 yesterday.
Thu, Jun. 9, 12:44 PM
Thu, Jun. 9, 12:23 PM
- Retail stocks are broadly lower after a weak earnings report from Restoration Hardware (RH -21.2%) set a gloomy tone. The S&P Retail ETF (NYSEARCA:XRT) is 1.91% lower on the day.
- Williams-Sonoma (WSM -4.8%) and Bed Bath & Beyond (BBBY -3.7%) are down sharply after the RH guidance dud.
- Mall chain and department store stocks are also seeing some anxious trading as investors continue to bet on discounters and variety stores which target budget shoppers.
- Notable decliners include Ascena Retail (ASNA -5.4%), Guess (GES -3.2%), Nordtrom (JWN -3.1%), Urban Outfitters (URBN -2.6%), Cato (CATO -2.6%), DSW (DSW -2.6%), and Gap (GPS -2%).
- Target (NYSE:TGT) is down 1.6% after a rough annual meeting where there was much more attention paid to the company's transgender bathroom policy than execs probably desired.
- Retail ETFs: XLY, XRT, VCR, RTH, RETL, FXD, FDIS, RCD, PMR, JHMC, CNDF