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Home Depot, Inc. (HD)

  • May. 20, 2013, 5:30 PM
    Notable earnings before Tuesday’s open: AZO, BBY, DCIX, DKS,HD, MDT, NM, SKS, TJX
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  • May. 20, 2013, 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)
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  • May. 20, 2013, 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.
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  • May. 16, 2013, 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).
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  • May. 13, 2013, 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.
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  • May. 8, 2013, 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.
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  • Apr. 24, 2013, 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?
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  • Apr. 22, 2013, 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%.
  • Apr. 16, 2013, 9:32 AM
    The lack of a FDIC charter isn't slowing down retailers from stepping up their push into financial services. Wal-Mart (WMT -0.2%) continues to expand options for users of its reloadable Bluebird cards while shoppers at Home Depot (HD +0.6%) can sign up for a $40K home improvement loan on the fly. What to watch: Look for more retailers to try to get into the mix with partnerships with payments companies and financial firms - while banks look to stop the rush by pushing Congress for increased regulation.
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  • Apr. 12, 2013, 10:17 AM
    Home Depot (HD +1.7%) trades higher early after Jefferies upgrades the shares to Buy from Hold citing a bullish sales outlook. "Our checks continue to come back favorably," Jefferies says, "weather will not impede" strong Q1 comps. New price target is $85. Competitor Lowe's (LOW +0.5%) is higher by association. (See also: Home garden sales tip in March)
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  • Apr. 12, 2013, 8:47 AM
    The March report on retail sales indicates a measurable impact was felt by retailers from the round of cooler weather seen in the U.S. during the month right along with broader macroeconomic factors. Department store (KSS, JWN, DDS, SKS, SHLD) and home garden (HD, LOW) sales tipped to the weaker side while online sales showed some strength.
  • Apr. 12, 2013, 7:07 AM
    HD Supply files for a $1B IPO. The distributor is a former division of Home Depot (HD) and reported sales of over $8B during its last fiscal year which ended on February 3. The company says it plans to use the proceeds to retire debt and for general corporate purposes. (S-1)
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  • Apr. 11, 2013, 10:14 AM
    Retail watch: Due to the timing of Easter and a slow start to the spring selling season a two-month snapshot of sales covering March and April is appropriate before drawing major conclusions, according to analysts. Retailers looking for a March surge in home and garden (HD, LOW, TGT, WMT) spending and spring clothing purchases expect April to make up some of the slack. Of the 14 retailers reporting March numbers today, comparable-store sales averaged a 0.6% gain with Costco (COST) and Ross Stores (ROST) standing out as outperformers.
  • Apr. 10, 2013, 12:53 PM
    U.S. companies paid out an additional $14.5B in dividends on common stock in Q1 as more companies increased their payouts, S&P Dow Jones Indices reports, even as payout rates remain at a historically low 36%. The quarter saw 944 dividend increases, a 39.4% gain Y/Y. By percentage, some of the biggest dividend hikes came from F, WYNN, QCOM, HAL and HD.
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  • Apr. 5, 2013, 10:31 AM
    Sports Chalet is the latest retailer to jump into offering same-day delivery services, saying it will test a program to both sell and rent items from stores in the West. Though the same-day delivery concept is getting plenty crowded with ideas ranging from the use of lockers (AMZN), in-store pickup (ODP, HD), valets (EBAY), and even in the case of Wal-Mart (WMT) a potential trust-your-neighbor delivery service - widespread adoption still appears far away to retail analysts. What to watch: To protect margins, retailers are expected to slip in some fees on same-day delivery.
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  • Apr. 4, 2013, 11:31 AM
    We're running out of stock. Corporate share buyback authorizations of $208B in Q1 are the strongest (as a % of capitalization) since Birinyi Associates began tracking the data in 1985. As a percent of capitalization, HD, UPS, AXP, and TXN - with authorizations of 13-18% of the float - lead the way. Next after AMEX in the recently green-lighted banks is BAC which plans to repurchase 3.8% of its shares.
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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.