New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 10, 2014
10:18 EDTTSCO, LOW, LL, TTS, HDHome Depot, Lowe's estimates cut after warnings from floor, farm retailers
Weak results from Tractor Supply (TSCO) and Lumber Liquidators (LL) do not bode well for Home Depot (HD) and Lowe's (LOW) near-term outlook, Deutsche Bank warned in a note to investors earlier today. WHAT'S NEW: After hardwood floors retailer Lumber Liquidators and farm products retailer Tractor Supply pre-announced weaker than expected Q2 results, Deutsche Bank analyst Mike Baker reduced his estimates for Home Depot and Lowe's. The comparative sales of Home Depot and Lowe's have historically had a positive correlation with those of Tractor Supply and Lumber Liquidators, explained Baker. Lumber Liquidators, like Home Depot and Lowe's, is exposed to housing markets, the analyst stated. Meanwhile, like Tractor Supply, Home Depot and Lowe's are exposed to the outdoor/weather sensitive sector, according to Baker. However, there are differences in the companies' business models, and comparative sales at Home Depot and Lowe's are probably trending better than at Tractor Supply and Lumber Liquidators, Baker believes. He lowered his second quarter comparative sales growth forecast for Lowe's to 4% from 4.5%, and for Home Depot to 4.5% from 5%. Baker's Q2 EPS estimates for both home improvement companies are now 1c below consensus levels. He kept a Buy rating on Lowe's and Hold ratings on Home Depot and Tractor Supply. PRICE ACTION: In early trading, Home Depot fell 2% to $79.07, Lowe's declined 1.8% to $47.02, Tractor Supply tumbled 5% to $58.23, and Lumber Liquidators plunged 22% to $54.70. Shares of Tile Shop (TTS), which is also exposed to housing markets, fell 11% to $11.55 in early trading.
News For LOW;HD;LL;TSCO;TTS From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | all recent news | >>
May 19, 2015
09:25 EDTHDHome Depot says 'pleased' with performance in May
Subscribe for More Information
09:24 EDTHDHome Depot sees FY15 EPS $5.24-$5.27, consensus $5.23
Says if exchange rates remain where they are today, EPS would be approx. $5.24. On currency neutral basis, sees FY15 EPS up 12% to $5.27.
09:19 EDTHDHome Depot sees repurchasing $3.4B of stock for remainder of year
Subscribe for More Information
06:34 EDTLLLumber Liquidators downgraded to Hold from Buy at Cantor
Cantor Fitzgerald analyst Laura Champine downgraded Lumber Liquidators to Hold saying there are "too many" regulatory and legal risks at the current time. Negative press continues to gain momentum for the retailer, Champine tells investors in a research note. The analyst cut her price target for the stock to $26 from $42. Shares of Lumber Liquidators closed yesterday down 20c to $26.06.
06:11 EDTHDHome Depot: Impact of reclassification was increase of $128M to cost of sales
Subscribe for More Information
06:10 EDTHDHome Depot FY15 EPS guidance does not include losses related to data breach
Subscribe for More Information
06:08 EDTHDHome Depot raises FY15 EPS growth to 11%-12%, consensus $5.23
Raises FY15 revenue growth to 4.2%-4.8% from 3.5%-4.7%, consensus $86.87B. Sees FY15 comp sales to be up 4%-4.6%.
06:05 EDTHDHome Depot reports Q1 EPS $1.21, consensus $1.15
Subscribe for More Information
06:04 EDTHDHome Depot reports Q1 comparable store sales up 6.1%
Reports Q1 comparable sales for US stores were up 7.1%.
06:04 EDTHDHome Depot reports Q1 EPS $1.21, consensus $1.15
Subscribe for More Information
05:50 EDTLLStocks with implied volatility movement; RAD LL
Subscribe for More Information
May 18, 2015
16:00 EDTHDOptions Update; May 18, 2015
Subscribe for More Information
15:37 EDTHDHome Depot May 114 weekly straddle priced for 3.1% movement into Q1
Subscribe for More Information
15:32 EDTHDHome Depot technical notes ahead of earnings
Subscribe for More Information
15:00 EDTHDNotable companies reporting before tomorrow's open
Subscribe for More Information
13:49 EDTHDEarnings Watch: Home Depot sees FY15 EPS $5.11-$5.17, revenue growth 3.5%-4.7%
Home Depot (HD), a home improvement retailer, is scheduled to report first quarter results before the market opens on Tuesday, May 19, with a conference call scheduled for 9:00 am ET. EXPECTATIONS: Analysts are looking for earnings per share of $1.15 on revenue of $20.82B, according to First Call. The consensus range for EPS is $1.12-$1.19 on revenue of $20.47B-$21.26B. LAST QUARTER: Home Depot reported fourth quarter adjusted EPS of $1.00 on revenue of $19.16B, beating analysts' consensus estimates for 89c and $18.7B, respectively. The company said same-store sales increased 7.9%, with U.S. SSS up 8.9%. The company forecast fiscal year 2015 EPS of $5.11-$5.17 on revenue growth of 3.5%-4.7%, against estimates at that time for $5.23 and $86.46B, respectively. Home Depot also guided to FY15 SSS growth of 3.3%-4.5% and said it expected FY15 gross margin to be flat, with a tax rate of approximately 37%. Capital expenditures for FY15 were foreseen at $1.6B, with cash flow from business at $9B. In addition to reporting better than expected Q4 earnings, Home Depot also announced an $18B share repurchase program and increased its quarterly dividend by 26% to 59c. NEWS: On its Q4 earnings conference call, Home Depot said it expected moderate GDP growth and housing recovery to drive growth in 2015. The company noted that if foreign currency rates continued as they were in February, sales in 2015 could be negatively impacted by $1B. At March's Raymond James conference, Home Depot backed its guidance for FY15. The company also said it sees FY15 operating margin approximately 60bps to greater than 13%. The company plans to open six new stores in FY15, including five stores in Mexico and one in Canada. The retailer is targeting FY15 share repurchases of $4.5B. On May 5, MacRumors reported that Home Depot may begin phasing out support for Apple Pay (AAPL) at its retail stores. Point72 Asset Management announced that it liquidated its stake during the quarter. STREET RESEARCH: In March, Oppenheimer said it believes that Home Depot has a number of positive catalysts, including solid U.S. consumer spending trends, significant slack in the U.S, housing recovery, improving market sentiment and investors' interest in domestic plays as the dollar strengthens. The firm raised its price target to $133 from $115 and kept an Outperform rating on the stock. On April 26, Barron's said shares of Home Depot could rise towards $124 as the housing market regenerates and demand for renovation grows. BofA/Merrill said the home improvement is one of the more attractive areas within retail and recommended buying Home Depot. During the quarter, Home Depot was initiated with a Hold rating and $108 target at Cantor. PRICE ACTION: Over the last three months, Home Depot shares are up over 1.5%. Ahead of Tuesday's earnings, Home Depot is fractionally higher at $113.77.
12:48 EDTLLLumber Liquidators at lows after FTC says will reveal 'major consumer fraud'
Shares of Lumber Liquidators (LL) are near session lows, down nearly 1% in afternoon trading, after the Federal Trade Commission announced earlier that it will host a press conference in conjunction with state Attorneys General tomorrow at noon EDT to announce action on a "major consumer fraud case that impacted consumers across the nation," without naming the company or products involved.
11:09 EDTHDHome Depot May weekly volatility elevated into Q1 and outlook
Subscribe for More Information
May 15, 2015
17:33 EDTHDPoint72 Asset Management gives quarterly update on stakes
Subscribe for More Information
09:03 EDTHD, LOWBofA/Merrill says to buy Home Depot, Lowe's and Whirlpool
Subscribe for More Information
1 | 2 | 3 | 4 | all recent news | >>

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