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Home Depot, Inc. (HD)

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  • Jun. 27, 2013, 9:02 AM
    Rona says it will close more home improvement stores in Canada as it continues to restructure. The development has some bearing on Home Depot (HD) and Lowe's (LOW) which continue to mull over how aggressive they want to be in the nation with the latter a former pursuer of Rona with a rebuffed $1.72B takeover bid.
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  • Jun. 25, 2013, 2:15 PM
    Home builder stocks are enjoying a good day today on the back of better results from Lennar (LEN), along with above consensus results from Case-Shiller's Home Price Index in April and strong May New Home Sales. Despite the positives, Wells Fargo's Adam Rudiger thinks it's too soon to dismiss the potential impact of rising mortgage rates. The 30-year fixed rate mortgage averaged 3.62% during LEN's Q2, Rudiger notes, well below the 4.51% average rate as of yesterday.
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  • Jun. 14, 2013, 3:42 AM
    Looking to benefit from the housing rebound, HD Supply plans to raise up to $1.33B in its IPO by selling 53.2M shares, or about 29%, for $22-25 each. At the midpoint of the range, the building supplies company would have an enterprise value of $8.67B, including a working-capital surplus of about $1.2B. HD Supply's owners include Carlyle Group (CG) and former parent company Home Depot (HD), which has a 12.5% stake.
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  • Jun. 13, 2013, 8:43 AM
    More on May Retail Sales: As expected the late start to the spring season helped boost the building material & garden equipment category (HD, LOW, SHLD, WMT) as sales improved 0.9% M/M and 10.1% Y/Y. Grocery store sales (KR, SVU, SWY, WFM) were solid during the month, while department store sales (KSS, DDS, JCP, M, JWN) came in a touch light.
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  • Jun. 12, 2013, 8:12 AM
    The percentage of residential mortgages that are "underwater" fell below 20% at the end of Q1, according to CoreLogic. It's a key metric which execs at Home Depot (HD) have been pointing toward for quite a while, although they say for the company to hit another gear of growth the improved equity position of homeowners needs to be accompanied by an increased availability of credit.
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  • Jun. 6, 2013, 1:07 PM
    Home Depot (HD +2.1%) and Lowe's (LOW +1.6%) trade higher to outperform broad market indexes. It might not be a shock to execs at Home Depot who have been telling anyone that would listen that the unemployment rate and the availability of credit are just as big of factors for the company's business as the raw numbers on housing starts and home prices.
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  • May 31, 2013, 8:45 AM
    A below par reading on personal spending for April was affected by lower gas prices and home heating bills and isn't a biting indictment on retail spending (AEO, ANF, ARO, BBBY, BBY, BJ, CHS, COH, COST, DG, DLTR, GPS, HD, JCP, JWN, KSS, LOW, LTD, M, NDN, NKE, ODP, PIR, PLCE, RSH, SKS, SPLS, TGT, TJX, URBN, WMT, WSM, ZLC), according to economists. Auto sales also cooled off just a bit in April which had an impact. So far, retail trends have been largely favorable in May as the height of the spring selling season shifted a few weeks later.
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  • May 29, 2013, 2:23 PM
    Heard during Home Depot's (HD -0.3%) presentation at the Bernstein Strategic Decisions Conference: 1) CEO Frank Blake stays with the theme the housing market is recovering as he points to pricing as a powerful catalyst for Home Depot, but he also warns that the availability of credit could be hampering upside. 2) The retailer still has an eye on the negative equity situation for U.S. homeowners and is optimistic, but isn't making too much out of the latest Case-Schiller reading on home prices. 3) Customer service is a larger focus with more appliances being sold. Overall, 60% of employee time should be customer-facing, according to Blake. (webcast)
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  • May 28, 2013, 10:23 AM
    Home Depot (HD +1.9%) and Lowe's (LOW +1.3%) are higher after a reading on home prices comes in above expectations. It's more good news for the housing sector on top of the pickup in the growth rate of the pro customer segment for home improvement specialists during Q1 which looks particularly intriguing to some analysts.
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  • May 23, 2013, 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)
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  • May 22, 2013, 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)
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  • May 21, 2013, 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.
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  • May 21, 2013, 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)
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  • May 21, 2013, 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%.
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  • May 21, 2013, 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)
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  • May 21, 2013, 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)
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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.