Tue, Aug. 25, 11:15 AM| Tue, Aug. 25, 11:15 AM | Comment!
Mon, Aug. 24, 10:47 AM
- Home Depot (HD -2.2%) and Ford (F -3.7%) have recovered from breath-taking drops in initial trading after the bell.
- Shares of Home Depot were down 22% at their lows, while Ford traded 15% lower. Traders are uncertain as to why the two stocks fell sharper than some peers in the consumer/services sector.
Thu, Aug. 20, 4:29 PM
Tue, Aug. 18, 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)
Tue, Aug. 18, 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.
Tue, Aug. 18, 6:01 AM
Mon, Aug. 17, 5:30 PM
Wed, Jul. 22, 8:53 AM| Wed, Jul. 22, 8:53 AM | Comment!
Mon, Jul. 20, 3:39 PM
- Deutsche Bank is concerned about Q2 numbers for Home Depot (HD -0.7%) and Lowe's (LOW -1%) after digesting the last two Retail Sales reports.
- The category which includes building materials and garden equipment only rose 0.2% Y/Y over the two months on a non-adjusted basis.
- "With Home Depot and Lowe’s comps correlating to this quarterly data at 82% and 79%, respectively, we think this data warrants a more cautious comp outlook for the quarter," warns DB.
- June Retail Sales report (.pdf)
Wed, Jul. 15, 12:36 PM
- Moody's raises its outlook on the U.S. retail industry to Positive from Stable on its view operating income will improve by 5% to 6% over the next 12 to 18 months.
- The ratings agency is focused on the expense side, seeing a leveraging of fixed costs and efficiency gains as helping to pad bottom lines.
- Sectors seen leading the way for profit growth are dollar stores (FDO, DG, DLTR), drug stores (WBA, CVS, RAD), and home improvement chains (HD, LOW).
- Related ETFs: XLY, XRT, VCR, RTH, RETL, IYK, FXD, FDIS, RCD, PMR, UGE, SZK
Thu, May 28, 12:03 PM
- Home Depot's (HD +0.1%) e-commerce business topped $1.07B in Q1, according to estimates from Internet Retailer.
- Retail Dive notes the 30% jump in online sales for the company during the quarter arrived with the program to buy online and pick up in stores still being refined.
- Previously: Home Depot beats by $0.01, beats on revenue (May 19)
- Previously: More on Home Depot's Q1 (May 19)
Thu, May 21, 4:35 PM
Tue, May 19, 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.
Tue, May 19, 6:01 AM
Mon, May 18, 5:30 PM
Mon, May 18, 3:03 PM
- Goldman's sees the S&P 500 hitting a mid-year high of 2,150 by mid-year, but fading to 2,100 by year-end after the Fed hikes rates. Its 12-month forecast of 2,125 stands against the current level of 2,130.
- With appreciation returns expected to be nil, Goldman suggests having a look at its dividend growth portfolio - a sector-neutral basket of 50 stocks. They have a median yield of 2.5% and are expected to boost payouts by 16% this year and 12% in 2016. The group's P-E ratio is 15 vs. 17.3 for the S&P 500.
- The ten highest-yielding additions: Harley-Davidson (NYSE:HOG) - with a 2.3% yield, Home Depot (NYSE:HD) - 2.1%, Dr. Pepper Snapple (NYSE:DPS) - 2.5%, National Oilwell Varco (NYSE:NOV) - 3.6%, Regions Financial (NYSE:RF) - 2.3%, Baxter International (NYSE:BAX) - 3.1%, Cummins (NYSE:CMI) - 2.4%, Seagate Technology (NASDAQ:STX) - 3.9%, International Paper (NYSE:IP) - 3.1%, AES Corp (NYSE:AES) - 3%.
- Looking over a ten-year horizon, Goldman expects dividends to account for 46% of the S&P 500's 5% annualized return, up from 20% during the current bull market which started in 2009.
- ETFs: DVY, SCHD, ADX, SDOG, DLN, DHS, FDL, DTD, FVD, DVYL, SDYL
HD vs. ETF Alternatives
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