Seeking Alpha

Home Depot, Inc. (HD)

  • 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.
  • Fri, May 1, 9:30 AM
    • Xuhua Zhou, who raised the original red flag on Lumber Liquidators' floors back in 2013, says Lowe's (NYSE:LOW) floors are riddled with  the same formaldehyde issues that sent LL's stock into a tailspin after the infamous 60 Minutes segment on March 1.
    • Independent tests show that one of Lowe's floors scores 10x the allowed formaldehyde threshold. To put that in context, 60 Minutes tested 31 samples from Lumber Liquidators; Lowe's Chocolate Cherry Hickory would have been the third worst of all 31 samples. The results from Lowe's were 1.134 ppm. The CARB 2 threshold is 0.11 ppm.
    • 60 Minutes seems to have taken Global Community Monitor's testing of Home Depot (NYSE:HD) and Lowe's products at face value, and did no independent testing. Still, Zhou's research suggests that Home Depot's flooring is CARB 2 compliant.
    • Source: Lowe's Laminate Flooring May Have Issues Similar To Lumber Liquidators'
    • Note: LOW puts were 20x more active than usual yesterday
    • Got a news tip or analyst note you'd like to see us cover? Send it to
  • Tue, Feb. 24, 7:55 AM
    • Analysts are finding a lot to like from Home Depot's (NYSE:HD) Q4 report and 2015 guidance.
    • The home improvement retailer's sizzling 7.9% comp during the quarter flew past the consensus analyst mark of 5.4%.
    • The company also ended with a clean inventory position amid a solid pricing trend.
    • Traffic was up over 5% Y/Y in a sign that bodes well heading into the spring season.
    • Home Depot (HD) is up 3.77% premarket to $116.50, while Lowe's (NYSE:LOW) is showing a nice 1.99% gain off the solid report from its peer.
    • Previously: Home Depot beats by $0.11, beats on revenue
    • Previously: More on Home Depot's Q4
    | Comment!
  • Tue, Feb. 24, 7:09 AM
    • Home Depot (NYSE:HD) reports comparable-store sales rose 7.9% during Q4 and 5.3% for the year.
    • The comp delivered in the U.S. was 8.9% for the quarter & 6.1% for the fiscal year.
    • Total operating expenses increased 2.3% to $4.532B during the period, led by a 2.5% rise in SG&A expenses.
    • Operating margin rate improved 148 bps to 11.43%.
    • Merchandise inventory +0.20% to $11.08B.
    • FY2015 Guidance: Sales growth: ~+3.5% to +4.7%; Comparable-store sales: ~+3.3% to +4.5%; Gross margin: flat; operating margin: +60 bps; Tax rate: ~37%; Diluted EPS: $5.11 to $5.17; Share repurchase: ~4.5B; Capex: ~$1.6B; D&A: ~$1.8B; Cash flow from operations: ~$9.0B; New stores: 6.
    • HD +3.09% premarket.
  • Nov. 25, 2014, 1:25 PM
    • Home Depot (HD -1.8%) discloses in a SEC filing that it faces 44 civil lawsuits in the U.S. and Canada stemming from the data breach.
    • The company also says it's facing investigations by some state and federal agencies.
    • SEC Form 10-Q
  • 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!
  • 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
  • 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,
  • Aug. 19, 2014, 7:19 AM
    • Home Depot (NYSE:HD) says it will buy back $3.5B worth of shares in FY14.
    • The repurchase tally is the same amount as Home Depot has already purchased this year to date.
    • The total buyback guidance of $7B is above Home Depot's original estimate of $5B.
    • Previous: Q2 earnings, details
    • HD +3.6% premarket
    | 1 Comment
  • Aug. 19, 2014, 6:55 AM
    • Home Depot (NYSE:HD) reports comparable-store sales rose 5.8% in Q2. Comp growth in the U.S. was 6.4%.
    • Transactions +4.2% to $409.7M.
    • Average ticket +1.8% to $58.43.
    • Sales per square foot +5.5% to $403.90.
    • Inventory +5.2% to $11.665B.
    • Guidance: Net sales are expected to rise 4.8% for the fiscal year. Full-year EPS of $4.52 is forecast vs. $4.41 consensus.
    • HD +3.5% premarket
  • May 20, 2014, 10:58 AM
    • Shares of Home Depot (HD +2.6%) recover from a premarket dip sparked by a miss with Q1 earnings.
    • Execs with the company stood their ground on the firm's conference call, saying sales lost in Q1 due to weather will be made up in Q2.
    • May sales have been strong month-to-date, tips management.
    • Home Depot earnings call webcast
    | Comment!
  • May 20, 2014, 6:58 AM
    • Home Depot (HD) reports comparable-store sales rose 2.6% in Q1, paced by a 3.3% comp in the U.S.
    • The company processed 344.5M transactions during the quarter, up 2.2% from a year ago. The average ticket rose 0.6% to $57.59.
    • EPS guidance for Q2 is raised to $4.42, inclusive of a $0.04 benefit from the sales of HD Supply stock.
    • Despite the earning miss, execs with Home Depot cite late quarter strength which rolled into Q2.
    • HD -2.0% premarket
  • Apr. 21, 2014, 8:53 AM
    • Shares of Home Depot (HD) are higher in early trading after a favorable cover story article in Barron's pitched the stock as an undervalued gem.
    • HD +1.5% to $78.21 premarket. Shares of the home improvement giant haven't crested the $80 mark since the middle of March.
  • Feb. 25, 2014, 9:18 AM
    • Shares of Home Depot (HD) are higher after the company topped estimates with its costs firmly under control.
    • The company's performance in maintaining store traffic during a tough weather period is even more impressive considering the tough comparable it came up against with Superstorm Sandy recovery a significant factor a year ago.
    • HD +2.0% premarket, while rival Lowe's (LOW) is getting a 1% sympathy boost. Lowe's has its turn to release Q4 numbers tomorrow.
    | 1 Comment
  • Feb. 25, 2014, 6:48 AM
    • Home Depot (HD) reports that comparable-store sales rose 4.4% in Q4.
    • Comp sales in the U.S. rose 4.9% during the period.
    • Total expenses fell 4% in Q4 to $4.43B as the company lightened up on SG&A costs.
    • For FY14, Home Depot sees sales growth of 4.8% and operating margin expansion of 70 bps. EPS is expected to land at $4.38.
    • HD +0.4% premarket
    | Comment!
Visit Seeking Alpha's
HD vs. ETF Alternatives
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.