|Bid||106.81 x 1300|
|Ask||106.82 x 900|
|Day's Range||106.47 - 107.60|
|52 Week Range||84.75 - 118.23|
|Beta (3Y Monthly)||1.53|
|PE Ratio (TTM)||33.73|
|Earnings Date||Nov 20, 2019|
|Forward Dividend & Yield||2.20 (2.03%)|
|1y Target Est||119.11|
If both phases of the project are constructed, the distribution center would be large enough to accommodate 24 football fields.
Lowe's Companies Inc (NYSE: LOW) had a comeback quarter that left analysts optimistic about the rest of the year as the home improvement chain tries to catch up to rival Home Depot Inc. (NYSE: HD). Morgan Stanley’s Simeon Gutman maintained an Overweight rating on Lowe’s with a $123 price target.
Earnings season may have wound down, but there are still a few big names reporting. Yesterday, both Lowe’s (LOW) and Target (TGT) stunned the prognosticators with quarterly earnings well above the expectations, and both stocks spiked sharply as a result. Let’s dive in, see what they reported, and find out what Wall Street’s top analysts have to say about their earnings and their outlook. Lowe’s Companies, Inc. (LOW) Lowe’s has been struggling in recent years, suffering from fluctuations in the housing markets and in the costs of raw materials as well as from direct competition with its larger rival Home Depot (HD). Marvin Ellison, who as a Home Depot exec had been part of that chain’s turnaround, joined Lowe’s as CEO last year on a mandate to lead another turnaround. Ellison took a ground-level approach, going to Lowe’s stores personally to find out what was needed at the small scale. He also began shuttering unprofitable locations.At least in the short term, Ellison’s work is paying off. For Q2, Lowe’s reported EPS of $2.15, 7% higher than the forecast. Revenues came in at $20.99 billion, just above the $20.94 billion expected. Company-wide same-store sales were up 2.3%, well above the 1.9% estimate, and were even better in the US market, where same-store sales gained 3.2%. The US number was especially good, as it was higher than Home Depot’s equivalent.During the earnings conference call, Ellison said, “We capitalized on spring demand, strong holiday event execution and growth in paint and our pro business to deliver strong second quarter results. Despite lumber deflation and difficult weather, we are pleased that we delivered positive comparable sales in all 15 geographic regions of the U.S.”Investors were definitely thrilled, as LOW shares jumped from $97.87 to $108 during the trading session.Top Wall Street analysts were quick to weigh in on Lowe's success. Baird’s Peter Benedict described the results as “encouraging,” and pointed out the company’s excellent gross margins. He added, “The print should drive shares as comp momentum continues to showcase early traction in engaging customers.” Benedict already had a Buy rating on LOW; he reiterated that and set a price target of $127. His target suggests an upside of 18%.KeyBanc analyst Bradley Thomas gave Lowe’s a $125 price target, with an upside of 15%, after the earnings. He said, “Sales and EPS were better than expected, demonstrating improvement in gross margin issues faced in Q1 while building new momentum in its turnaround under new management. Lowe's remains a self-help story, under the leadership of new CEO Marvin Ellison. Look for numerous initiatives to ramp through 2020.”The analyst consensus gives LOW shares a Moderate Buy rating. After yesterday’s spike, LOW is trading for $108. The $116 average price target indicates an upside of 7.7%. Target Corporation (TGT)In some ways, Target’s Q2 earnings were even better. EPS was $1.82, an impressive 12.3% more than the $1.62 forecast, and quarterly revenues were $18.4 billion, a full $100 million higher than expected. Even same-store growth clobbered the estimates, coming in a 3.4% against the expected 3%.Looking ahead, company management guided to FY2019 earnings of $5.90 to $6.20 per share, well above the analysts’ expectation of $5.94. The FY EPS guidance was also a big step up from Target’s own previous estimate.Investors were duly impressed by the earnings numbers. The report came out before the opening bell on Wednesday, and in the ensuing trading session TGT saw its single best one-day gains ever and an all-time high share price. The quarterly beat propelled the stock from $85.53 to $108 in a single session, a gain of 22.47%.CEO Brian Cornell, in his statement on the earnings, said, “We’re increasing Target’s relevancy and deepening the relationship between our guests and our brand. Traffic and sales continue to grow while our earnings per share reached an all-time high, driven by the strength of our team’s execution and their focus on delivering for our guests.” He added that the quarterly gains were driven by apparel and essentials.Writing for KeyBanc, top analyst Edward Yruma bumped his price target on TGT up by 9% to $120. He said, “The company's Q2 performance points to share gains driven by merchandising and store experience, as well as ongoing improvements to e-commerce. Momentum will continue into the second half of the year.” Yruma’s price target implies an upside of 14% to TGT shares.Taking an even more optimistic note, Citigroup’s Paul Lejuez upgraded TGT on the earnings news, moving his rating from Hold to Buy. He wrote, “We want to catch the next 20% move up, which will occur as the company continues to prove it is a winner in the current retail landscape Target's investments are paying off in strong comps and positive store traffic, which will drive higher free cash flow and improving ROIC.” Lejuez’ $130 price target suggests a solid 24% upside for the stock.Overall, TGT get a Strong Buy from the analyst consensus, based on 12 recent buy ratings and only 3 holds. The stock has an average price target of $108, but since the earnings report the share price is rising swiftly and the upside is only 2.4%. Expect analysts to adjust their price targets in coming weeks if TGT continues to rally.
Retailers Target Corporation (NYSE: TGT ) and Lowe's Companies, Inc. (NYSE: LOW ) both delivered "fantastic upside surprises" in their earnings reports, but the double-digit move in their stocks ...
Major market indexes ended in the green on Wednesday after minutes of the Federal Reserve's July meeting revealed the central bank's willingness to carry out policy changes in a bid to sustain the U.S. economy.
Lowe’s shares soared on Wednesday after earnings beat expectations and the home improvement retailer showed signs of growth to come.
Seemantini Godbole will lead employees at the $153 million Lowe’s Charlotte Tech Hub in South End, which will be home to up to 2,000 technologists.
Target and Home Depot each have seven locations in the Islands, TJ Maxx has five, including its Marshalls stores, and Lowe's has four Hawaii stores.
Wednesday's trading session was a busy day for investors with exposure to the retail space, as Target Corporation (NYSE: TGT ) and Lowe's Companies, Inc. (NYSE: LOW ) each reported strong second-quarter ...
U.S. stocks moved solidly higher following better-than-expected results from retailers Target Corp and Lowe's Cos Inc. Target shares surged 20.4% after the big-box retailer raised its annual earnings forecast. Lowe's shares climbed 10.4% after the home-improvement chain beat profit estimates.
Global stock markets are still trading violently but the U.S. equities are still battling close to the all-time highs. So the upside potential is still viable. Wednesday we saw strong earnings reports. This confirm that there are still stock trades to hunt in spite of the geopolitical risks and rhetoric.Our five stock trade to watch for Thursday include: Walmart (NYSE:WMT), Lowe's (NYSE:LOW), Alibaba (NYSE:BABA), Xilinx (NASDAQ:XLNX), and Bitcoin Top Stock Trades for Tomorrow No. 1: WMTInvestorPlace - Stock Market News, Stock Advice & Trading TipsWMT stock is near all time highs and for good reason. The company has taken the fight to Amazon (NASDAQ:AMZN) head on and it's doing well against this formidable opponent.Investors loved the earnings report last week and WMT stock rallied 8% on the headline. From here, there could be better entry points for the short term. WMT stock is vulnerable to fade and a retest of $110 per share. Maybe even fill the gap $2 lower. But for the long term, this company will continue to deliver and adapt to the market demands. If I am long WMT already, then I stay long. Otherwise I would buy the dips for the long term. * The 10 Best Marijuana Stocks to Buy Now Wednesday, Target (NYSE:TGT) stock soared as they reported a strong quarter. This confirms the strength of the U.S. consumer spending and operational success. Both companies are winners because of strong execution. WMT is employing technology trend to better compete with AMZN one to one and beat it. Top Stock Trades for Tomorrow No. 2: LOWLOW stock spiked today after a strong earnings report. The investor expectations were tepid going into the event so it made for an easy hurdle. This however is not the time to pile into LOW stock and chase this rally.The reason the expectations were low is because it has a long history of trailing its competition Home Depot (NASDAQ:HD). I believe this continues until we get several reports to prove otherwise. Case in point, HD stock is up 26% year-to-date which 60% better than LOW. This is also true for the last five year stats.So if I took in profits from the LOW stock reaction to earnings, I would book it for now. From here, it carries the risk of a fade to fill the gap below especially if markets in general correct. This is not the same as shorting the stock.So if I want to remain constructive on the segment, I would rotate my risk into HD stock instead. This one is sitting at another breakout line. Even though the LOW report shows domestic comparable sales beat those of HD, over the long term HD stock has performed better thanks to more consistent management execution. Top Stock Trades for Tomorrow No. 3: BABABABA stock has an interesting setup brewing. It will be tough to trigger but the reward if they do so is great. If the BABA stock bulls can break above $180, they can target $192 per share or higher. It won't be easy and there will be resistance at the neckline and at $185.For a while, BABA stock has been lurking just under this breakout level and doing it from higher lows. But this is a steep rising wedge which leaves the stock vulnerable to pullbacks. If the general markets cooperate then BABA will make this happen; it's a matter of time.This would then fill an old gap and also places it at a was prior fail. The interesting part is that was also a neckline that if bulls can break could carry it to $200 per share or higher.On pullbacks, BABA stock could fade to $170 which is just above its yearly point of control where bulls and bears loved to fight. Top Stock Trades for Tomorrow No. 4: XLNXXLNX stock is no stranger to headlines. The whole chip sector has been in the line of fire in the economic war between the US and China. XLNX stock moves more on headlines extrinsic to its own execution than not.But Tuesday XLNX fell on headlines of possible "unpatchable" security flaw in its equipment. So this is a rare dump from intrinsic problems. Nevertheless, this dip places XLNX sock at a place with it makes sense that it mounts a rally soon.XLNX stock bulls defended the $100 mark hard on the May correction and yesterday's scare didn't even come near it. So as long as the support band below holds, it is likely that XLNX makes another run at $120 per share. There will be resistance at $109 and $113, but if the general markets rally then XLNX can slice through them and reach it major accident scene from the end of July. Top Stock Trades for Tomorrow No. 5: BitcoinSince the love-fest with bitcoin of 2017 the interest in the digital coin has not abated. While it's not hogging the headline it is still a hot debate. Skepticism is high so Bitcoin has a questionable reputation on main street and Wall Street.Both extremes are wrong when it comes to bitcoin. It has value because people say so. This is no different than gold. Bitcoin and gold are rare and people want them so they will continue to be valuable on that assumption. Critics say that it's used for illicit activities and to that I say that so is cash. At least with bitcoin, they always leave an electronic trace. Furthermore, FIAT cash only has value because the people say so. So in essence cash and bitcoin are more similar than we think.What's the best place to buy bitcoin? This depends on time frame. If I am buying it like gold as a long term investment then timing really doesn't matter much. But there are clues on the charts to offer some guidance. Bitcoin price here is falling into support. So in theory it should bounce back up to 10,200. But it moves so fast that by the time you read this note, the landscape would have probably change a lot. * 10 Undervalued Stocks With Breakout Potential So, it's best to get the general feel for the zones that matter and know what's at stake. For that here is a free video from this week that does a great job of that. It sheds light on what's in store for Bitcoin price.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. Join his live chat room for free here. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Marijuana Stocks to Ride High on the Farm Bill * 8 Biotech Stocks to Watch After the Q2 Earnings Season * 7 Unusual, Growth-Oriented REITs to Buy for Your Portfolio The post 5 Top Stock Trades for Thursday: WMT, BABA, LOW, XLNX, Bitcoin appeared first on InvestorPlace.
Large-format retailer increases full-year earnings guidance despite U.S. – China trade war uncertainty Continue reading...
A troubling first quarter behind him, Lowe’s CEO Marvin Ellison is pleased with both the company's second-quarter numbers and its plans to solve the problems uncovered during the first quarter.