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HD

Home Depot

$191.15

0.82 (0.43%)

06:07
05/15/18
05/15
06:07
05/15/18
06:07

Home Depot down 1.6% after reporting Q1 results

  • 15

    May

  • 30

    May

HD Home Depot
$191.15

0.82 (0.43%)

04/23/18
WELS
04/23/18
INITIATION
Target $205
WELS
Outperform
Home Depot initiated with an Outperform at Wells Fargo
Wells Fargo analyst Zachary Fadem initiated Home Depot with an Outperform and $205 price target.
04/23/18
WELS
04/23/18
INITIATION
Target $205
WELS
Outperform
Home improvement and autopart retail offers favorable pockets, says Wells Fargo
As reported earlier, Wells Fargo analyst Zachary Fadem initiated select names within the home improvement, auto part retail, home furnishings, and specialty hardlines. The analyst notes that the pullback in some of these stocks related to "uncertainty around margins, global trade policy, and the sustainability of recently improving results", which replaced the enthusiasm from the anticipated consumer strength, rising wages, and tax reform benefits earlier this year, has produced some "compelling" long-term investment opportunities. Fadem initiated Home Depot (HD) and Lowe's (LOW) at Outperform with respective price targets of $205 and $100, saying home improvement is particularly attractive in retail today given the valuations in housing and demographics tailwinds. The analyst adds that the home improvement category has seen the most consistent growth in "consumer share of wallet" to 7.5% over the past 5 years, even though that level is still below 8.7% prior peak in 2005. Fadem's view on Bed Bath and Beyond (BBBY) is less upbeat with an Underperform rating and a $16 price target based on its limited growth opportunity, margin profile, differentiation, and e-commerce strategy. Similarly, the analyst profiles the auto parts retail offering some opportunity in terms of "lost share of wallet" sliding to 1.8%, below the 10-year average of 1.9%, while offering "attractive valuations" and an opportunity to regain its footing. Fadem initiates O'Reilly (ORLY) and AutoZone (AZO) with an Outperform rating and price targets of $260 and $700 respectively, adding that these two companies exceeded the industry growth even as auto parts retailers as a group trade at a 23% discount relative to the S&P500. The analyst also initiated select names in the Home Furnishings/Specialty categories, including At Home (HOME) at Outperform with a price target of $42, Tractor Supply (TSCO) at Outperform with a price target of $70, and National Vision (EYE) with an Outperform and a price target of $40. Fadem. All of these names earned a positive view based on the analysts Growth Opportunity and Concept Differentiation screens, with the last two also cited for their potential for near term improvement.
05/09/18
CLVD
05/09/18
NO CHANGE
CLVD
Home Depot 2018 comp estimate of 6% looks reasonable, says Cleveland Research
Cleveland Research said its Home Depot 2018 comp estimate of 6%, versus guidance of 5%, looks reasonable given solid underlying demand, share gains, and incremental inflation.
05/09/18
CLVD
05/09/18
NO CHANGE
CLVD
Lowe's comp gap versus Home Depot could widen, says Cleveland Research
Cleveland Research said Lowe's (LOW) comp gap versus Home Depot (HD) could widen further given continued disruptions and inefficiencies in execution.

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SPY

SPDR S&P 500 ETF Trust

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2.31 (0.79%)

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S&P 500

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SCS

Steelcase

$16.10

0.8 (5.23%)

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Acadia

$19.08

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SCS

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ACAD

Acadia

$19.08

3.97 (26.27%)

TXN

Texas Instruments

$108.50

1.14 (1.06%)

MCD

McDonald's

$160.84

1.65 (1.04%)

RDS.A

Royal Dutch Shell

$66.83

0.57 (0.86%)

PIR

Pier 1 Imports

$1.80

0.045 (2.56%)

UNFI

United Natural Foods

$33.83

0.54 (1.62%)

MU

Micron

$46.06

1.01 (2.24%)

SGH

Smart Global

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0.7 (2.35%)

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KORS

Michael Kors

$72.72

-0.33 (-0.45%)

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  • 20

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MDT

Medtronic

$97.47

1.01 (1.05%)

, MZOR

Mazor Robotics

$52.70

2.44 (4.85%)

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Hot Stocks
Medtronic to acquire Mazor Robotics for $58.50 per ADS, or about $1.64B »

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MDT

Medtronic

$97.47

1.01 (1.05%)

MZOR

Mazor Robotics

$52.70

2.44 (4.85%)

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MDT

Medtronic

$97.47

1.01 (1.05%)

, MZOR

Mazor Robotics

$52.70

2.44 (4.85%)

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MDT

Medtronic

$97.47

1.01 (1.05%)

MZOR

Mazor Robotics

$52.70

2.44 (4.85%)

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  • 09

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ACAD

Acadia

$19.08

3.97 (26.27%)

18:54
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09/20
18:54
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18:54
Upgrade
Acadia rating change  »

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ACAD

Acadia

$19.08

3.97 (26.27%)

18:48
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18:48
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18:48
Upgrade
Acadia rating change  »

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  • 01

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SONA

Southern National Bancorp

$16.89

0.13 (0.78%)

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Southern National Bancorp names Jeffrey Karafa CFO »

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TSLA

Tesla

$298.32

-0.63 (-0.21%)

18:44
09/20/18
09/20
18:44
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Periodicals
Tesla VP of global supply management O'Connor to leave company, Bloomberg says »

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CRBP

Corbus Pharmaceuticals

$7.90

2.75 (53.40%)

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MCD

McDonald's

$160.84

1.65 (1.04%)

18:32
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  • 24

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MCD

McDonald's

$160.84

1.65 (1.04%)

18:31
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McDonald's raises quarterly dividendy by 15% to $1.16 per share »

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TTPH

Tetraphase

$3.16

0.14 (4.64%)

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Tetraphase analyst commentary  »

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  • 01

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SGH

Smart Global

$30.44

0.7 (2.35%)

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Syndicate
Breaking Syndicate news story on Smart Global »

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SGH

Smart Global

$30.44

0.7 (2.35%)

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Syndicate
Breaking Syndicate news story on Smart Global »

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PIR

Pier 1 Imports

$1.80

0.045 (2.56%)

17:46
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Recommendations
Pier 1 Imports analyst commentary at Loop Capital »

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MU

Micron

$46.06

1.01 (2.24%)

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ACXM

Acxiom

$50.28

2.09 (4.34%)

, IPG

Interpublic Group

$22.68

0.315 (1.41%)

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Acxiom shareholders approve AMS sale, will switch name to LiveRamp after close »

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ACXM

Acxiom

$50.28

2.09 (4.34%)

IPG

Interpublic Group

$22.68

0.315 (1.41%)

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  • 06

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IPCI

Intellipharmaceutics

$2.92

0.15 (5.42%)

17:39
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Syndicate
Breaking Syndicate news story on Intellipharmaceutics »

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NOC

Northrop Grumman

$301.53

-10.71 (-3.43%)

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YUM

Yum! Brands

$88.96

0.39 (0.44%)

17:28
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Yum! Brands analyst commentary at Tigress Financial »

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17:25
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Conference/Events
SEC to hold an investor roundtable »

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FSCT

ForeScout

$39.56

1.2 (3.13%)

17:24
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ForeScout beneficial owner Amadeus Capital Partners sells $4.6M in shares »

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  • 10

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MU

Micron

$46.06

1.01 (2.24%)

17:23
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Micron says it is seeing CPU shortage »

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