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Home Depot, Inc.

5/25/2013, 6:01 PM ET

Quote & Headlines Market Currents StockTalk

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| Earnings
| Dividends
| M&A
| On the move

Thursday, May 23, 4:36 PM The Home Depot (HD) declares $0.39/share quarterly dividend, in line with previous. Forward yield 1.98%. For shareholders of record June 6. Payable June 20. Ex-div date June 4. (PR) Comment! [Dividends]
Wednesday, May 22, 6:25 AM More on Lowe's (LOW): Unlike competitor Home Depot (HD), the company misses on the top and bottom line as sales fall 0.5% Y/Y and comps decrease 0.7%. Exterior categories were impacted by cool temperatures and "greater precipitation" which "delayed [the] spring selling season." March's performance was "particularly soft." FY13 outlook: sales growth of ~4%, comps growth of ~3.5%, EPS of $2.05 against consensus of $2.08. Shares -4% premarket. (PR) 6 Comments [Consumer, Earnings]
Tuesday, May 21, 9:50 AM More from the Home Depot (HD +2.9%) earnings call (previous): Contractors get busy - Pro customer business in Q1 was greater than the consumer segment for the first time since 2008. Comment! [On the Move]
Tuesday, May 21, 9:39 AM Heard during Home Depot's (HD +2.2%) earnings call: 1) Comparable-store sales should be higher in Q2 than total sales growth due to seasonal shifts. 2) Pro-level business was a big driver of gains in Q1, boosting sales and average ticket. 3) Appliance business momentum still strong, contributed 70 bps of comp gain in Q1. More product rollouts coming. 4) The late start to the spring garden season could help boost Q2 numbers as the retailer comped negatively in Q1. 5) Looking for some HD momentum? April comparable-store sales came in +10%. (webcast) Comment! [Consumer, Earnings]
Tuesday, May 21, 6:53 AM Shares of Home Depot (HD) move 4.3% higher premarket after the retailer beats earnings and raises its guidance. The company benefited from strength in the housing recovery which seemed to trump the disruptions from weather and late tax refunds that plagued other retailers. Customer traffic was up 2.5% during the period while the average ticket rose a brisk 5%. Comment! [Consumer, On the Move]
Tuesday, May 21, 6:10 AM More on Home Depot (HD): Earnings beat expectations on both the top and bottom line as Q1 revenues rise 7.4% Y/Y. A "seasonal timing change" adds $574M to sales. Comps growth comes in at 4.3% (4.8% in the U.S.). "Less favorable" weather conditions were more than offset by a "recovering housing market," CEO Frank Blake says. HD raises its FY13 outlook, saying it sees 2.8% sales growth, 4% comps growth, and EPS of $3.52 (consensus is $3.54). Shares +2.92% premarket. (PR) 1 Comment [Consumer, Earnings, On the Move]
Tuesday, May 21, 6:01 AM Home Depot (HD): Q1 EPS of $0.83 beats by $0.07. Revenue of $19.1B (+7.4% Y/Y) beats by $0.41B. (PR) Comment! [Earnings, Breaking News]
Tuesday, May 21, 12:05 AM Notable earnings before Tuesday’s open: AZO, BBY, DCIX, DKS,HD, MDT, NM, SKS, TJX Comment! [Earnings]
Monday, May 20, 5:30 PM Notable earnings before Tuesday’s open: AZO, BBY, DCIX, DKS,HD, MDT, NM, SKS, TJX Comment! [Earnings]
Monday, May 20, 3:24 PM Home Depot vs. Lowe's: The home improvement giants are in focus this week with both companies set to report earnings after a quarter which saw more snowfall than normal and a late start to the spring home and garden buying season. Though analysts expect superstorm Sandy boosted sales, the late tax refund syndrome which hit Wal-Mart could also be a factor. Tiburon Research Group is picking a favorite of the pair, forecasting the revenue and EPS growth at Home Depot (HD -0.1%) will outpace Lowe's (LOW -0.5%) for Q1, Q2, and Q3. (earnings model) Comment! [Consumer]
Monday, May 20, 6:43 AM The impact of rebuilding on the East Coast after superstorm Sandy could help lift the results of Home Depot (HD) and Lowe's (LOW) for their FQ1 reporting periods, according to analysts. FEMA has approved $1.38B in assistance for Sandy victims and the pace of construction on new houses picked up over the last few months. 1 Comment [Consumer]
Thursday, May 16, 8:40 AM Housing starts were a disappointment in April, but building permits surged to a 5-year high. The high level of permit activity could help lift sales for Home Depot (HD) and Lowe's (LOW). Comment! [Consumer]
Monday, May 13, 9:11 AM More on retail sales: Building material and garden equipment sales (HD, LOW) were again, up 1.5% M/M and 4.1% Y/Y, while department store sales (SHLD, KSS, M, JWN, JCP) trailed expectations. Grocery store sales (KR, SVU, SWY) slipped during April compared to March but were 2% than a year ago on pricing gains. 1 Comment [U.S. Economy, Consumer]
Wednesday, May 8, 1:46 PM Lowe's (LOW +3.4%) gets a lift from ISI Group on the firm's view that margins could go from 7% to 10% as productivity improves. A normalization in sales would also allow the retailer to support share price with new buybacks and dividend hikes. Shares of Lowe's are rated a Buy by ISI, although it still sees Home Depot (HD +0.2%) as the more attractive stock in the home improvement space. 1 Comment [Consumer, On the Move]
Wednesday, April 24, 1:14 PM DIY shakeup: Menards opens a do-it-yourself superstore in the Detroit area as it keeps up its steady pace of large-sized store growth. The privately-owned company claims its stores in 14 different states offer 40% more products than Home Depot (HD +0.2%) or Lowe's (LOW -0.3%). Will the other 36 states see the LOW-HD duopoly broken up? Comment! [Consumer]
Monday, April 22, 12:11 PM Homebuilders slip today on weaker than anticipated earnings out of NVR and a miss on Existing Home Sales numbers for March: [(XHB -0.6%, [HOV]] -1.6%, MTH -0.6%, RYL -1.3%, TOL -1.4%, TPH -0.4%, DHI -0.2%, KBH -0.2%, LEN -1.2%, SPF -1%. Home improvement superstore operators also feel the pinch: (HD -0.4% and (LOW -1.2%. 2 Comments [On the Move, U.S. Economy]

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