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Home Depot, Inc. (HD)

  • Dec. 12, 2013, 10:04 AM
    • Retail sales showed their biggest gain since June and beat expectations after backing out auto sales.
    • Automobile and housing-related categories helped drive up sales during November to make up for weakness in other areas. Furniture (LZB, ETH, HVT, PIR, BBBY) and home furnishings stores (WSM, RH, KIRK) showed an impressive 9.7% Y/Y gain. The read for Home Depot (HD -0.3%) and Lowe's (LOW -0.4%) is positive as well as their key categories looked solid.
    • Grocery stores (SVU, KR, DEG, IMKTA, SFM, WFM) and clothing stores were drags during the month.
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  • Dec. 11, 2013, 3:47 PM
    • Home Depot (HD +0.4%) tells investors and analysts attending a conference that it's spending $300M in supply chain and tech improvements aimed at boosting online sales.
    • Another goal of the program is to give the company some limited options for same-day delivery to customers and professional contractors.
    • An exec with Home Depot thinks 100K items could be in the pool of products available for same-day delivery.
    • Sensibly, the company won't be using drones to deliver buzz saws and dry wall.
    • Earlier: Amazon launches same-day delivery in San Fran.
    • Home Depot Investor and Analyst Conference webcast
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  • Dec. 11, 2013, 7:12 AM
    • Home Depot (HD) issues a business update and highlights some strategic priorities.
    • The company reaffirms 2013 sales and EPS guidance as it sees comparable store sales growth of 7% for the year.
    • Financial targets for 2014 include sales growth of 5%, operating margin expansion of 70 bps, and EPS growth of 17%. Only 8 new stores are expected to be added to Home Depot's store count during the period.
    • In 2015, operating margin of 13% is set as a target with the home improvement retailer on a pace to exceed its previous target early.
    • HD +0.1% premarket
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  • Dec. 4, 2013, 2:48 PM
    • Home Depot (HD -0.6%) wins another head-to-head comparison against rival Lowe's (LOW +0.6%) after it landed more market share of Black Friday weekend traffic, 5.6% vs. 4.2%, while spending roughly the same amount on TV advertising in the weeks leading up to the period.
    • Lowe's spent $4M for each percentage point of market share (of the top 50 retailers) while Home Depot only doled out $2.9M.
    • Comparable stores sales growth trends have been stronger at Home Depot as well this year.
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  • Nov. 26, 2013, 4:57 AM
    • Consumers who think they'll be getting huge discounts on Black Friday might want to think again. In the words of the WSJ's Suzanne Kapner, "those bargains will be a carefully engineered illusion."
    • Retailers and suppliers first work out the lowest price they can sell a product at and still make the profit they want, and then they jack up the "suggested retail price" so that the retailer can later offer a big discount.
    • Another tactic is for stores to raise selling prices just before the holiday season discount period kicks in.
    • Retailers: WMT, JCP, M, SHLD, JOSB, MW, KSS, BBY, TGT, HD
  • Nov. 23, 2013, 2:27 PM
    • "The U.S. economy might be limping along, but many consumers have broken into a sprint," Jacqueline Doherty writes, in what seems like a rather paradoxical passage considering that consumer spending accounts for around two-thirds of U.S. economic output.
    • Doherty cites an October retail sales print that came in ahead of consensus, NRF's expectations for a healthy Y/Y increase in holiday sales, and a hefty, market-beating return for the S&P Retail Select Industry index as evidence of "improvements in the consumer's fortunes."
    • Still, Barron's thinks some stocks, like Michael Kors (KORS) and Restoration Hardware (RH), may have limited upside after big runs.
    • Among retail stocks listed as "bargains": Bed Bath & Beyond (BBBY), Home Depot (HD), and Macy's (M).
  • Nov. 21, 2013, 4:46 PM
    • Home Depot, Inc. (HD) declares $0.39/share quarterly dividend, in line with previous.
    • Forward yield 1.95%
    • Payable Dec. 19; for shareholders of record Dec. 5; ex-div Dec. 3.
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  • Nov. 20, 2013, 9:03 AM
    • The October read on U.S. retail sales showed general demand weakness in the U.S. unrelated to the government shutdown drama.
    • While the auto sector performed well, other categories including electronics and clothing only managed meager gains - while the building materials and garden equipment (HD, LOW, SHLD) category was a notable laggard.
    • Retail sales ex- auto were up 2.4% from a year ago.
  • Nov. 19, 2013, 10:04 AM
    • Home Depot (HD +2.2%) trades higher after an impressive quarter during which it beat estimates and raised its full-year outlook.
    • The company saw comparable store-sales rise 10% on a two-year comparison stack as demand across categories was strong.
    • The strong report bodes well for Lowe's (LOW +0.5%) which reports earnings tomorrow.
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  • Nov. 19, 2013, 7:37 AM
    • Appliance sellers can take heart that demand in the U.S. is strong after Best Buy reports it grew sales in the appliance category. by 23.5% in Q3.
    • Though Best Buy was running up against a soft comp, the growth rate is much stronger than anticipated.
    • On watch: HD, LOW, WHR, CONN, HGG.
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  • Nov. 19, 2013, 6:02 AM
    • Home Depot (HD): FQ4 EPS of $0.95 beats by $0.06.
    • Revenue of $19.5B (+7.4% Y/Y) beats by $0.33B.
    • Comparable store +7.4%. (PR)
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  • Nov. 19, 2013, 12:05 AM
  • Nov. 18, 2013, 5:30 PM
  • Nov. 18, 2013, 7:52 AM
    • Shares of Home Depot (HD) and Lowe's (LOW) are on watch after 81 separate tornadoes ripped through the Midwest yesterday.
    • Areas in Illinois, Indiana, and Kentucky were the hardest hit.
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  • Oct. 27, 2013, 10:12 AM
    • Economists forecast a delayed report on September retail sales will show no change in purchases as spending on automobiles stalled just a bit during the month amid federal shutdown concerns.
    • Though there has been a cautionary tone from analysts on retail all-stars such as Home Depot (HD), Lowe's (LOW), Gap (GPS), and Macy's (M) - retail sales ex-auto are pegged to poke out a 0.4% gain during September as some sectors have held up.
    • Looking ahead, a report from Deloitte suggests that retailers with solid 'buy online and pick up in store' programs could resonate with consumers this holiday season. Target (TGT), Wal-Mart (WMT), Best Buy (BBY), and Staples (SPLS) come to mind.
    • Previous: October U.S. Auto Sales preview
    • Related ETFs: XRT, PMR, RTH, VDC.
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  • Oct. 23, 2013, 2:38 PM
    • The strong outlook from Lumber Liquidators and healthy Q3 earnings beat is helping to prop up shares of Home Depot (HD +0.3%) and Lowe's (LOW +2.1%) on a down market day.
    • Of particular interest to the home improvement giants was the nice bounce in traffic and average ticket price at Lumber Liquidators despite the uncertain economic times.
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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.