Aug. 20, 2014, 6:01 AM
Aug. 19, 2014, 5:30 PM
Aug. 19, 2014, 7:13 AM
- Shares of Lowe's (NYSE:LOW) are higher in early trading after rival Home Depot shows strong growth in its Q2.
- A late start to the spring selling season helped to boost Home Depot's results.
- Retail analysts note Home Depot likely picked up market share in the U.S. after growing comps 6.4% (3.9% expected at Lowe's).
- Lowe's reports earnings tomorrow.
- LOW +1.6% premarket
Jul. 15, 2014, 8:41 AM
- A decline in sales at furniture stores and home furnishing outlets (PIR, BBBY, LZB, ETH, RH, HVT, KIRK, WSM) dragged down retail sales during the month of June.
- The building material and garden equipment category (HD, LOW) was also weak.
- Perhaps a surprise, but sales at clothing stores outpaced other businesses during the month.
Jun. 12, 2014, 8:52 AM
- Department stores (DDS, M, SSI, BONT, SHLD, JCP, KSS, JWN) showed sluggish growth in May. Sales in the sub-category fell 1.4% M/M and 2.0% Y/Y.
- As expected, building material & garden sales (HD, LOW) showed some late-spring strength. Sales rose 1.1% M.M and 4.6% Y/Y.
- The catch-all miscellaneous store retailers category (ODP, PETM) packed the biggest month-over-month pop of all at 1.8%.
- Full Retail Sales report (.pdf)
May. 28, 2014, 11:05 AM
- Canaccord Genuity analyst Laura Champine chops her price target on Lowe's (LOW -2%) down to $37 from $47 due to the lofty premium the stock is already trading at with limited growth potential on the table.
- Her take is that shares of Lowe's have run ahead of earnings due to a flood of positive housing data.
- Execution is also a risk with Lowe's as management at Home Depot continues to be a tough rival to outmaneuver, according to Champine.
May. 28, 2014, 7:03 AM
May. 21, 2014, 7:03 AM
- Lowe's (LOW) reports comparable-store sales increased 0.9% in FQ1. The mark was well-below the 3.3% comp Home Depot delivered for a similar period.
- The company improved its gross margin rate by 70 bps to 35.5% during the period.
- Sales in May have shown some acceleration, according to execs.
- LOW +2.2% premarket
May. 21, 2014, 6:05 AM| Comment!
May. 20, 2014, 5:30 PM
Apr. 19, 2014, 10:00 AM
- An uptick in the housing market, market-share gains at the expense of struggling Sears, and substantial supply-chain improvements could be the catalysts for a near-25% rise in Home Depot (HD) over the next year, writes Avi Salzman in a Barron's cover story.
- The stock price is up just 6% Y/Y, sharply lagging both the S&P 500 and Lowe's (LOW). Its 17.4x P/E ratio slightly trails that of Lowe's despite more impressive earnings. As Lowe's has relied on promotions and new stores in the years following the housing bust, Home Depot - under the leadership of Frank Blake who came to the CEO spot just ahead of crash - has moved to cut costs, close underperforming units, and improve customer service, and since mid-2009 has consistently posted same-store sales gains higher than Lowe's. In 2013, comp-store sales grew 6.8% at HD, the best print since 1999.
- Home Depot has the best management team in the business, says Credit Suisse's Gary Balter, and ROE has shot up to 35.5% - roughly twice that of competitors - from 22.2% when Blake took over and began reorganizing the supply chain.
Apr. 14, 2014, 9:32 AM
- Retail sales showed some vibrancy in March led by solid gains from building material and garden equipment sellers (HD, LOW) and general merchandise chains (COST, WMT, CASY, TGT). A revision to February's retail sales mark also bodes well for the retail sector.
- Sales at electronics and appliciane stores (BBY, CONN, HGG) moved in the wrong direction during the month, falling 1.6% M/M and 0.7% Y/Y.
- Related ETFs: XLY, XRT, VCR, RTH, RETL, IYK, FXD, FDIS, PMR, UGE, RCD, PEZ, SZK, PSCD
Mar. 21, 2014, 4:41 PM
Mar. 21, 2014, 2:12 PM
- Black Friday is back at Wal-Mart (WMT +1.9%) which aims to take a piece of the home improvement business from Home Depot (HD +0.7%) and Lowe's (LOW +0.1%) with today's slashing of prices and expanded offerings in its outdoor living and garden segments.
- In other news, the AP reports Wal-Mart's rolling out of an online tool allowing shoppers to compare its prices on 80K items with competitors.
Mar. 6, 2014, 7:48 AM
Mar. 5, 2014, 9:06 AM
- A recent poll by the Wall Street Journal and NBC indicates 63% of American support raising the minimum wage.
- Though the Republicans are expected to challenge anything brought to the floor of the House, there's a growing consensus in DC that some minimum wage legislation will eventually pass.
- Democrats argue that the current minimum wage level of $7.25 per hour is low by historical standards when adjusted for inflation.
- Related stocks: CAKE, CBRL, CMG, DNKN, DPZ, DRI, EAT, JACK, MCD, PNRA, RRGB, RT, SBUX, SONC, WEN, BWLD, THI, BDL, NATH, CEC, LUB, BKW, CHUY, BLMN, PZZA, TXRH, DENN, KKD, BBRG, DFRG, BOBE, RUTH, IRG, DIN, AEO, ANF, ARO, BBBY, BJ, CHS, COST, DG, DLTR, GPS, HD, JCP, JWN, KR, KSS, LOW, LB, NDN, ODP, PIR, PLCE, RSH, SPLS, SWY, TGT, TJX, URBN, WMT
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