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Home Depot, Inc. (HD)

- NYSE
  • Nov. 17, 2014, 5:30 PM
  • Nov. 8, 2014, 9:25 AM
    • Energy companies finally are starting to halt a few new U.S. drilling projects as oil prices fall, which Barclays believes may put the U.S. oil boom at risk but "on balance, we believe lower oil prices are good.”
    • If strong U.S. energy growth is interrupted, spending in the sector could be cut by $40B, but consumers could save $70B next year as the price at the pump falls for gasoline and diesel, according to Barclays head of U.S. equity strategy Jonathan Glionna.
    • The most likely beneficiaries would be discretionary areas such as restaurants, entertainment, apparel, electronics and furniture, he says.
    • Glionna lists 27 stocks that could benefit from lower oil prices: AAL, AGCO, AXL, BERY, BLMN, BWLD, CHH, CLX, DE, DPZ, FDX, GM, HD, KMB, KR, KSS, MHK, MMM, PENN, PPG, SAVE, SHW, TGT, UPS, VALWMS, WMT.
    | 20 Comments
  • Nov. 7, 2014, 9:29 AM
    • Home Depot (NYSE:HD) says it hasn't calculated the costs associated with its data breach, although it warns a "material adverse effect" in FQ4 and beyond is possible.
    • Analysts note that despite the eye-popping headline on the 53M email addresses scooped up from the company's system by hackers, most large-scale breaches at large retailers have had almost no long-term impact on sales.
    • Shares of HD are down 0.2% in premarket action.
    | 1 Comment
  • Nov. 6, 2014, 4:44 PM
    • Home Depot (NYSE:HD) discloses that 53M email addresses were taken during the data breach earlier this year initiated through a malware attack.
    • Though the company says the files with the email addresses didn't contain personal information, the risk of customers being targeted by phishing scams exists.
    • Home Depot also backed its previous guidance for FY14 sales growth and EPS ahead of the release of Q3 results on November 18.
    • HD -0.1% AH.
    | 4 Comments
  • Oct. 30, 2014, 3:47 PM
    • Bullish on consumer willingness to spend more on their homes, Goldman just gives a price-target boost to Neutral-rated Home Depot (HD +1%), but Lowe's (LOW +0.9%) gets an upgrade to Buy.
    • "Looking at firms in our coverage we consider to operate outside of Amazon’s direct line-of-fire, with the ability to invest in omnichannel at their own pace, Lowe's 2014E EBIT margin is one of the furthest below its own peak, and its own mean," says analyst Matthew Fassler, explaining why Lowe's gets the Buy nod over, say, Home Depot.
    | Comment!
  • Oct. 14, 2014, 10:17 AM
    • Home Depot (HD -1.4%) slumps after SunTrust Robinson Humphrey cuts its rating on the stock to Neutral from Buy on a valuation call.
    • The investment firm notes the weak sales trends at suppliers for renovation products.
    | Comment!
  • Oct. 10, 2014, 12:45 PM
    • Home Depot (HD +0.4%) presented today at meeting focused on Asian investors.
    • The company says its long-term target is to raise operating margin by 140 bps to 13%.
    • There was considerable discussion about the "stage 2" of the housing recovery underway in the U.S. The difference between a moderate recovery or a sharp one has big implications for the home improvement giant.
    • Home Depot expects to gain more efficiency from supply chain changes and forecasting improvements.
    • FY14 guidance is reiterated: Sales growth ~4.8%; Comp store growth ~4.6%, EPS $4.54; store openings +6.
    • Home Depot's Asia Investors Meeting presentation (.pdf)
    | Comment!
  • Sep. 24, 2014, 1:13 PM
    • NPD Group reports the U.S. small home appliance saw sales rise 4% to $19.6B for the year ending June 2014.
    • Perhaps a surprise, growth in the rice cooker and electric kettles categories were stronger than what was seen for single-serve brewing systems and countertop blenders.
    • Related stocks: GMCR, SBUX, WHR, CONN, HGG, HD, NC, SWK, SODA,
    | Comment!
  • Sep. 23, 2014, 7:15 PM
    • The Home Depot (NYSE:HD) data breach has started to trigger fraudulent transactions that are rippling across financial institutions and, in some cases, draining cash from customer bank accounts, WSJ reports.
    • Financial institutions are said to be increasing efforts to block the transactions by rejecting them if they appear unusual; HD has said that 56M cards may have been exposed in a five-month attack on its payment terminals.
    • The amount of fraud and the type of illicit transactions reportedly are not much different from activity that has followed other large attacks, but that could change quickly in the coming weeks.
    | 5 Comments
  • Sep. 20, 2014, 3:05 PM
    • Computer experts inside Home Depot (NYSE:HD) had warned for years that they might be easy prey for hackers, the NY Times says.
    • Former members of HD's cybersecurity team say the company was slow to respond to early threats and only belatedly took action, that it relied on outdated software to protect its network and scanned systems irregularly, and that some members of its security team left after managers dismissed their concerns.
    | 6 Comments
  • Sep. 19, 2014, 9:24 AM
    • Though Home Depot's (NYSE:HD) data breach involved 16M more accounts than Target's (NYSE:TGT), so far the damage to the company and the stock has been lower.
    • While Target disclosed its attack during the peak of the holiday season and saw an immediate drop in store traffic, Home Depot announced its breach during a slower period after the peak summer peak selling season.
    • Wedbush notes that Home Depot also benefited from "data-breach fatigue" in the retail sector.
    | 13 Comments
  • Sep. 18, 2014, 4:41 PM
    • Home Depot (NYSE:HD) discloses that information on 56M payments cards was put at risk from the cyber-attack which occurred earlier this year.
    • The data was comprised through advanced malware which entered the Home Depot system back in April.
    • IT security at Home Depot's U.S. stores has been enhanced in response, says the company.
    • Canadian stores, which use EMV technology (smart cards), will see an even higher level of encryption with a new roll-out.
    | 3 Comments
  • Sep. 10, 2014, 2:46 AM
    • Along with five states that have launched a probe into the data breach at Home Depot (NYSE:HD), two senators have now asked the Federal Trade Commission to investigate.
    • Home Depot has yet to say what exactly was stolen, although experts estimate that the breach affected over 40M payment cards.
    • Meanwhile, the first lawsuit from a customer has surfaced over the cyberattack, sueing the home improvement retailer for failing to properly safeguard customer data.
    | 1 Comment
  • Sep. 9, 2014, 1:57 AM
    • Home Depot (NYSE:HD) has confirmed that its payment systems were breached at nearly 2,200 U.S. and Canadian stores due to a cyberattack that likely began in April.
    • The breach seems to have been been caused by similar malware used against Target last winter, and the company is now working aggressively to root out its infected data systems.
    • Home Depot says there are no indications that PIN numbers from debit cards were compromised.
    • HD -0.6% AH
    | 7 Comments
  • Sep. 4, 2014, 3:40 PM
    • UBS runs the numbers on recent data breaches at major retailers such as Target, Michaels Companies, and Sally Beauty Holdings to find share prices in the group lagged the S&P over the two months following the breach disclosure.
    • The hit to the companies' sales was generally short-lived, with comp sales picking up in the quarter following the news.
    • The damage at Home Depot (HD +1.1%) could be even more minimal with the breach following closely behind Target's own data troubles, reasons UBS.
    • Shares of HD are about 3.6% off the all-time highs they etched out last week.
    | Comment!
  • Sep. 2, 2014, 3:48 PM
    • Home Depot (HD -2.4%) confirms it's looking into "unusual activity" as it works with law enforcement officials in relation to a possible loss of customer credit card and debit card information.
    • Early reports indicate the breach occurred in late April and could involve over 2K Home Depot stores.
    • Shares of Home Depot have recouped a bit from their initial slide after the breach report broke. Some retail analysts called the peeling off of $3.5B in market cap somewhat overdone.
    • What to watch: If the breach is as large as some banks are reporting, an increased push by the industry toward the adoption of smart card technology could be on the way.
    • Related EMV stocks: PAY, NCR, MA, V, OTCQX:IFNNY, NXPI,
    | 7 Comments
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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.