|Bid||115.1500 x 800|
|Ask||115.1500 x 800|
|Day's Range||114.8300 - 116.5700|
|52 Week Range||75.3600 - 116.8600|
|PE Ratio (TTM)||24.30|
|Earnings Date||Nov 20, 2018|
|Forward Dividend & Yield||1.92 (1.65%)|
|1y Target Est||118.82|
Florence has been downgraded to a tropical depression, but not before it wreaked havoc on North and South Carolina. Yahoo Finance's Seana Smith, Dion Rabouin, and Andy Serwer discuss with Benchmark CEO Kevin Kelly.
As the homegrown do-it-yourself stalwart prepares to say goodbye, real estate experts look back with fondness — while looking forward to new opportunities.
Can Lowe’s Upward Momentum Continue? Of the 33 analysts that follow Lowe’s (LOW), 78.8% recommended a “buy” as of September 18, while 21.2% recommended a “hold.” On the same day, analysts set an average target price of $118.82, which represents a return potential of 2.8% from its stock price of $115.55. Since the announcement of Lowe’s second-quarter earnings on August 22, UBS, Raymond James, Stifel, SunTrust Robinson, Jefferies, Wedbush, and RBC have all raised their target prices. Wedbush raised its target price from $92 to $105.
For the next four quarters, analysts expect Lowe’s (LOW) to post an EPS of $5.42, which represents 7.3% growth from $5.0 in the same four quarters the previous year.
Can Lowe’s Upward Momentum Continue? For the next four quarters, analysts expect Lowe’s (LOW) to post revenues of $72.79—a rise of 3.2% from $70.51 billion in the same four quarters the previous year. Accounting for the closure of Orchard Supply Hardware stores and the inventory rationalization initiative, Lowe’s management lowered its 2018 revenue growth guidance to 4.5% from the earlier guidance of 5.0%.
Home improvement stocks like Home Depot (NYSE:HD) and Lowes (NYSE:LOW) are on the move. This year’s price action has taken on the form of a cup-and-handle pattern that just completed with last week’s breakout.
How Much Upside Potential Is Left in Home Depot’s Stock Price? No analysts have given HD “sell” recommendations. On average, analysts have given the stock a price target of $215.47, which represents a return potential of 3.1% from its price of $209.07.
How Much Upside Potential Is Left in Home Depot’s Stock Price? For the next four quarters, analysts expect Home Depot (HD) to post EPS of $9.94, which represents a rise of 14.4% from its EPS of $8.69 in the corresponding four quarters of the previous year. HD’s EPS growth will likely be driven by its revenue growth, the expansion of its net margin, and its share repurchases.
How Much Upside Potential Is Left in Home Depot’s Stock Price? For the next four quarters, analysts expect Home Depot (HD) to post revenue of $111.18 billion, which represents a rise of 6.6% from its revenue of $104.32 billion in the corresponding four quarters of the previous year. Its revenue growth will likely be driven by positive SSSG (same-store sales growth), its adoption of a new accounting standard, its addition of new stores, and one extra week of operations.
The obituaries that were written for the retail sector may have been premature. The shares of several major chain stores, including Home Depot (NYSE:HD) stock, have gained significant ground during the latest rally. Home Depot stock is now at an all-time high.
As of September 14, Home Depot (HD) was trading at $209.07, a rise of 7.7% since the announcement of its second-quarter earnings on August 14. In the second quarter, Home Depot posted adjusted EPS of $3.05 on revenue of $30.46 billion, outperforming analysts’ consensus EPS expectation of $2.84 and their revenue estimate of $30.03 billion. After posting its second-quarter earnings results, Home Depot’s management raised its revenue, SSSG, and EPS guidances for 2018.
High levels of consumer confidence and rising consumer spending, driven by 4% U.S. GDP growth and low unemployment, have led analysts at KeyBanc Capital Markets to predict "continued broad strength across most retail categories," per a report quoted by Barron's.
Moody's Investors Service has assigned a provisional (P)Aaa (sf) rating to the SynchronySeries Class A(2018-1) Notes, a provisional (P)Aa2 (sf) rating to the SynchronySeries Class B (2018-1) Notes and a provisional (P)A2 (sf) rating to the SynchronySeries Class C(2018-1) Notes to be issued by Synchrony Card Issuance Trust, sponsored by Synchrony Bank.
Jefferies reiterates its buy rating for Lowe's shares, citing positive checks from conversations with the retailer's employees. "Our checks indicate strong demand for hurricane preparedness products at both Home Depot and Lowe's," the firm's analyst Jonathan Matuszewski says. Home improvement sales will rise due to increasing sales in the areas affected by storm Florence, according to Jefferies.
MIAMI (AP) — Before and after a hurricane, Ace is the place. And Home Depot and Lowe's. And many other hardware and building supply outlets.
While most of the sectors took a beating from the hurricane, industries like building supplies, home improvement, car rentals and gasoline benefit in the aftermath of hurricane.
MOORESVILLE, N.C., Sept. 14, 2018 /PRNewswire/ -- Lowe's has committed $2 million to support relief efforts for associates, customers and communities in response to Hurricane Florence's impact on the Southeast. Lowe's will continue to work closely with nonprofit partners and government agencies to determine immediate and long-term support needed by local communities. A current list of Lowe's store closings and operating hours in impacted markets is being updated regularly on Lowe's Open House newsroom.
Home improvement space gains from the robust economic outlook, as well as a strong labor market, which has increased the disposable income. Let's see which a better stock in this space is.
My hopes and prayers are that Hurricane Florence does not cause much damage. Nigam Arora is an investor, engineer and nuclear physicist by background who has founded two Inc. 500 fastest-growing companies.
Home Depot (HD) and Lowe's (LOW) hit 52-week high yesterday backed by their robust growth initiatives and gains from housing market recovery.
Shares of large retail chains like Lowe's LOW , Costco COST , Home Depot HD and Target TGT are surging in the last month, with a respective 16 percent, 10 percent, 8 percent and 7 percent gain in that time. Of the four, I would say that Lowe's is a dividend payer, and also has a lower [price-earnings ratio]. While Home Depot has enjoyed a big rally, Mark Newton, founder and president of Newton Advisors, sees even more room to run from a technical perspective.