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HD

Home Depot

$187.40

-3.75 (-1.96%)

10:42
05/15/18
05/15
10:42
05/15/18
10:42

Home Depot reported 'mixed' Q1 'at best,' says Loop Capital

Loop Capital analyst Laura Champine views Home Depot's Q1 report as a "mixed performance, at best." Home Depot's same-store-sales of 4.2% missed the analyst's estimate of 5%, but she notes the weakness was anticipated given weather trends in the quarter. Further, Champine notes the earnings number benefited by 7c on a lower tax rate than she had modeled. Home Depot now has even more riding on its performance in the seasonal peak of Q2, Champine tells investors in a post-earnings research note. She keeps a Hold rating on the shares with a $187 price target.

  • 15

    May

  • 30

    May

HD Home Depot
$187.40

-3.75 (-1.96%)

05/15/18
BARD
05/15/18
NO CHANGE
Target $215
BARD
Outperform
Home Depot weakness a buying opportunity, says Baird
Baird analyst Peter Benedict said softer seasonal sales impacted by weather was the reason for Home Depot's revenue miss in Q1. He said the company is seeing strong momentum thus far in May and 2018 guidance was maintained, so he would be a buyer of any weakness following the quarterly report. Benedict reiterated his Outperform rating and $215 price target on Home Depot shares, which are down about 2.7% to $186 in early pre-market trading.
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.
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.
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.

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GDX

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EGL

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CNI

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