New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 25, 2014
09:20 EDTHDHome Depot sees U.S. sales growth, continued housing market recovery in FY14
Says weather impacted sales in the U.S. during Q1. Says the "good news" is that company's southern and western divisions exceeded positive comparable store sales expectations and offset the weather impact. Says expect total company sales growth to be 4.8%. Expects SSS growth for the year to be 4.6%. Sees 7 new store openings in FY14. Anticipate FY14 diluted EPS growth of 17.6% based on earnings growth and share repurchases. Sees $7B of share repurchases in FY14. Expects a return on invested capital of 24% by the end of the year. Says targeting dividend payout ratio of approximately 50% of earnings. Says intends to increase its dividend every year. Comments made at the Oppenheimer 14th Annual Consumer conference.
News For HD From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 30, 2014
10:09 EDTHDLowe's, Home Depot rise after Goldman says housing outlook improved
Shares of Lowe's (LOW) and Home Depot (HD) are rising after Goldman Sachs became more upbeat on both companies. The firm said that the housing sector's improved outlook made the stocks more attractive. WHAT'S NEW: Goldman Sachs analyst Matthew Fassler upgraded Lowe's to Buy from Neutral and raised his price target on the shares to $63 from $58. He increased his price target on Home Depot to $103 from $100 but kept a Neutral rating on the stock. Fassler increased his estimates for both companies to reflect his greater optimism about the housing sector in 2015-2016. The analyst said that his upgrade of Lowe's also reflects his more upbeat view of retail stocks linked to housing, given the lack of cyclical challenges facing the housing market. Furthermore, Lowe's can increase its margins significantly, as they are much further below their peak than most of the company's peer, according to Fassler. Meanwhile, the big box, Do-It-Yourself retailers face little competition from Amazon (AMZN), added the analyst. PRICE ACTION: In early trading, Lowe's climbed 0.5% to $56.09, while Home Depot rose fractionally to $96.48.
06:28 EDTHDLowe's upgraded to Buy from Neutral at Goldman
Goldman Sachs upgraded Lowe's (LOW) to Buy saying housing is going through a multi-year recovery. Goldman believes the large home improvement retailers have limited risk of disruption by Amazon (AMZN). It raised its price target for Lowe's shares to $63 from $58. The firm keeps a Neutral rating on Home Depot (HD) but raised its price target for shares to $103 from $100.
October 27, 2014
10:32 EDTHDVeriFone rises after Barron's says Apple Pay positive for company
Subscribe for More Information
October 21, 2014
06:22 EDTHDStaples may be latest retailer to be hacked, Krebs reports
Subscribe for More Information
October 17, 2014
16:55 EDTHDStocks end volatile week lower amid oil price plunge
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use