100.42 +0.13 (0.13%)
Pre-Market: 8:34AM EDT
|Bid||99.60 x 1000|
|Ask||100.72 x 1000|
|Day's Range||99.38 - 100.46|
|52 Week Range||70.76 - 108.98|
|PE Ratio (TTM)||21.85|
|Earnings Date||Aug 22, 2018|
|Forward Dividend & Yield||1.92 (2.00%)|
|1y Target Est||108.28|
From one viewpoint, Home Depot (NYSE:HD) is a slam-dunk buy. After all, there’s a school of thought that investing simply comes down to owning the best businesses and holding them for the long-term. As Warren Buffett put it, “It’s far better to own a wonderful business at a fair price than a fair business at wonderful price.” And it’s hard to argue that Home Depot isn’t a wonderful business.
The World Cup began in 1930. After a 12-year break due to World War II, the soccer — oops, fútbol — tournament has been played every four years since 1950. This weekend we watched France beat Croatia 4-2 to win the 2018 World Cup.
Lowe's (LOW) has long trailed main rival Home Depot (HD), but the stock, up 7.7% year to date, has been the better performer in 2018, amid management changes and upbeat earnings. The home-improvement chain can build on that progress, says Oppenheimer's Brian Nagel. Nagel rates both Lowe's and Home Depot at Outperform, but says Lowe's is his "top pick," and raised his price target on it to $140 from $115 on Friday, adding that the "stars are aligning" for the company.
Bob Hull tried to retire about four years ago. But some changes and retirements at Lowe’s Cos. Inc. caused him to rethink his plans. Then last year, Hull was able to pull it off, retiring as CFO of Lowe’s after 14 years.
WallStEquities.com revisits the Home Improvement Stores space, whichsells a range of home repair and maintenance goods, such as hardware, tools, electrical goods, lumber, and structural material for construction and renovations. Home improvement companies purchase goods from manufacturers and wholesalers, and sell them to end users, such as do-it-yourself consumers and professional contractors. Under observation this morning are the following stocks: Floor & Decor Holdings Inc. (NYSE: FND), Lowe's Cos. Inc. (NYSE: LOW), Lumber Liquidators Holdings Inc. (NYSE: LL), and The Home Depot Inc. (NYSE: HD).
The price of stock in Primo Water Corp. (NASDAQ: PRMW) has soared in the rising home water market – from under $11 per share Nov. 1 to as high as $19.23 June 26. CEO Matt Sheehan credits much of the surge to a Black Friday sale promotion. In its first major promotional price campaign, Primo Water cut the price of its standard 5-gallon dispenser from $99 to $74 -- but only at Walmart (NYSE: WMT) stores.
In the first quarter, Lowe’s (LOW) posted EPS of $1.19 on revenue of $17.4 billion, missing analysts’ estimates of $1.22 and $17.5 billion, respectively. Despite posting lower-than-expected first-quarter earnings, Lowe’s stock rose due to reports of Bill Ackman’s Pershing Square Capital acquiring a $1 billion stake in Lowe’s. It rose 2.8% in the first half of 2018 and has risen 4.3% year-to-date. During the first quarter, outdoor sales comprised 35% of Lowe’s total sales.
Lowe’s Cos. Inc. (NYSE: LOW) announced Monday that it's tossing the chief operating officer and chief customer officer jobs along with other C-suite and lesser jobs. Marvin Ellison started his new job as CEO and president on July 2.
Shares of Lowe's (LOW) are heading higher on Tuesday, following news that the home-improvement retailer had reworked its management team. After the close Monday, Lowe's announced a new leadership structure, in which the positions of chief operating officer, chief customer officer, corporate administration executive and chief development officer were eliminated. The company said that the responsibilities associated with those titles would be redistributed to other, new positions and senior executives that report directly to Chief Executive Marvin Ellison. Analysts are weighing in on the move today.
The U.S. consumer generally remains on very solid footing. Here are several top suggestions from Credit Suisse based on consumer strength.
Lowe's Cos Inc said on Monday it would eliminate four senior positions including chief operating officer, as new Chief Executive Officer Marvin Ellison shakes up the top deck at the home improvement chain. The company said it would scrap chief customer officer, corporate administration executive and chief development officer positions. "We have taken a fresh look at our organizational structure and are realigning our leadership team," Ellison, who took charge as CEO last week, said in a statement.
Lowe’s Cos. is eliminating certain roles, including the chief operating officer position, as part of a new leadership structure.
MOORESVILLE, N.C., July 9, 2018 /PRNewswire/ -- Lowe's Companies, Inc. (LOW) today announced a new leadership structure with simplified roles and responsibilities to drive operational excellence. Marvin R. Ellison, president and CEO of Lowe's, said, "We have taken a fresh look at our organizational structure and are realigning our leadership team to improve our focus, better leverage Lowe's omni-channel capabilities and deliver increased value for our customers, associates and shareholders. As part of the company's new leadership structure, the chief operating officer, chief customer officer, corporate administration executive and chief development officer positions have been eliminated, and responsibilities formerly under these roles will be assumed by other senior leadership roles that will report directly to Ellison.
Lowe’s is getting rid of its chief operating officer as part of an overhaul of its management structure, the US home improvement retailer announced on Monday. The company, which has come under pressure from activist investors to improve its performance, will also be eliminating the positions of chief customer officer, corporate administration executive and chief development officer as part of the restructuring. “[The] responsibilities formerly under these roles will be assumed by other senior leadership roles that will report directly to [chief executive Marvin] Ellison,” Lowe’s said.
The stock prices of the companies tend to rise when analysts raise their price targets, and vice versa. Of the four major home improvement companies, Lowe’s has been the most favored stock among Wall Street analysts.
Valuation multiples help investors to compare companies with similar business models. Forward PE is determined by dividing a company’s stock price by analysts’ earnings estimates for it over the next four quarters.
Dividends help investors smooth out return volatility, which is vital for cyclical companies, including home improvement retailers. Home improvement retailers’ sales depend heavily on the economy and other macroeconomic factors. Home Depot (HD) paid a quarterly dividend of $1.03 per share on June 14 to its shareholders on record as of May 31.
In the first quarter, Home Depot (HD) posted adjusted EPS of $2.08, which represented a rise of 24.6% from its EPS of $1.67 in the corresponding quarter of the previous year. Home Depot’s EPS growth was driven by revenue growth, the expansion of its net margins, and share repurchases. Share repurchases drove the company’s EPS by lowering its total number of shares outstanding.
In the first quarter, Home Depot (HD) posted SSSG (same-store sales growth) of 4.2%, lower than analysts’ consensus expectation of 5.4%.
Home Depot (HD) outperformed Lowe’s (LOW) in terms of revenue growth in the first quarter. During the quarter, Home Depot posted revenue of $25.0 billion, which represented a rise of 4.4% from its revenue of $23.9 billion in the corresponding quarter of the previous year. Home Depot’s revenue was driven by positive SSSG (same-store sales growth) of 4.2%, the addition of new stores, and new accounting standards, which contributed $33 million to its net sales.