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LOW

Lowe's

$97.99

0.31 (0.32%)

, HD

Home Depot

$195.61

0.22 (0.11%)

07:15
08/20/18
08/20
07:15
08/20/18
07:15

Lowe's could lower guidance following Q2 results, says UBS

UBS analyst Michael Lasser said Lowe's (LOW) has underperformed versus Home Depot (HD) over the past decade due to its lower labor productivity, lower Pro and online penetration, higher cost structure, and lower inventory per SKU. He believes the earnings conference call could touch on some of these subjects, but also believes management could lower full-year 2018 guidance to give themselves breathing room on expectations. Lasser maintained his Buy rating and $115 price target on Lowe's shares.

LOW

Lowe's

$97.99

0.31 (0.32%)

HD

Home Depot

$195.61

0.22 (0.11%)

  • 22

    Aug

LOW Lowe's
$97.99

0.31 (0.32%)

07/24/18
KEYB
07/24/18
NO CHANGE
Target $115
KEYB
Overweight
Lowe's price target raised to $115 from $105 at KeyBanc
KeyBanc analyst Bradley Thomas raised his price target for Lowe's to $115 from $105 as he continues to view it as a company with a favorable backdrop that is also positioned for improved execution, following Marvin Ellison joining as president and CEO on July 2. The analyst believes Q2 results for Lowe's remain on plan, but notes the stock seems to be looking ahead to 2019 and the impact Ellison can make on the business. He reiterates an Overweight rating on the shares.
07/25/18
DBAB
07/25/18
NO CHANGE
DBAB
Deutsche Bank sees risk to Home Depot's and Lowe's Q2 comps
The most recent retail sales industry data suggest that Q2 consensus expectations for Home Depot (HD) and Lowe's (LOW) could be at risk, Deutsche Bank analyst Mike Baker told investors in a research note earlier today. The analyst, however, believes "strong" strong May trends for both companies "provide a bit of a cushion." While earnings reports from Stanley Black & Decker (SWK) and Sherwin-Williams (SHW) provide positive read throughs for the home centers, Whirlpool (WHR) was less encouraging, Baker wrote. The analyst lowered his comp estimates for both Home Depot and Lowe's to below consensus ahead of the Q2 earnings reports. Shares of Home Deport are down 1% to $199.44 in morning trading while Lowe's is down 2% to $98.11.
07/27/18
BARD
07/27/18
NO CHANGE
BARD
GDP report included encouraging data for home improvement retailers, says Baird
Baird analyst Peter Benedict said that the Q2 GDP report included a few encouraging data points on housing that reinforced his positive near- and long-term view on Home Depot (HD) and Lowe's (LOW). Specifically, he points out that growth in private residential investment accelerated to 7.4%year-over-year. Benedict noted that changes in PRI and home center comps have a "strong historical correlation." He also noted that household formation accelerated to an annualized pace of 1.7M in Q2 from about a 1.2M rate in Q1. Benedict has Overweight ratings on both Home Depot and Lowe's.
08/14/18
GSCO
08/14/18
NO CHANGE
GSCO
Neutral
Home Depot 2H deceleration as expected, says Goldman Sachs
Goldman Sachs analyst Matthew Fassler said Neutral rated Home Depot reported a solid Q2 beat and guided to a 2H 2018 deceleration against tougher storm-driven comps. Fassler expects the stock to have an in-line reaction to the print and said the read through for Lowe's (LOW) suggests an in-line report with his forecast.
HD Home Depot
$195.61

0.22 (0.11%)

08/14/18
BARD
08/14/18
NO CHANGE
Target $215
BARD
Outperform
Home Depot underlying business showing no sings of slowing, says Baird
Baird analyst Peter Benedict kept his Outperform rating and $215 price target on Home Depot after its "high quality" Q2 EPS beat and raised FY18 guidance. The analyst notes that comps may decelerate in the second half because of cycled storm-related demand following an active season last year, the company's core business shows no signs of slowing, and its August-to-date sales look "healthy". Benedict further notes that Home Depot's Pro sales continued to "shine" with another quarter of double-digit gains thanks to the company's investment and greater store engagement initiatives.
08/15/18
JPMS
08/15/18
NO CHANGE
Target $223
JPMS
Overweight
Home Depot shares could climb 'wall of worry' in 2H, says JPMorgan
JPMorgan analyst Christopher Horvers maintained an Overweight rating and $223 price target on Home Depot shares, noting to investors in a research note that despite "nice" upside to comps in Q2, the stock traded slightly lower. Horvers says he continues to believe concerns on the cycle remain a near-term overhang on the stock, and expects shares will climb the "cycle wall of worry" in the second half of the year as Home Depot likely posts upside to sales driven by market growth rate and share capture. He expects the stock will re-rate higher as investors gain comfort with 2019 forecasts.
08/15/18
STFL
08/15/18
NO CHANGE
Target $225
STFL
Buy
Stifel sees 'no reason' to be concerned about Home Depot in near-term
Stifel analyst John Baugh said that a slowdown in housing is increasingly a concern for Home Depot investors, but also noted that management doesn't believe it is impacting results as housing turnover only represents about 5% of total sales now. Baugh believes there is "no reason to be concerned" in the near-term as he thinks investments can fuel future growth. While he is "definitely keeping an eye on things more closely," Baugh said that he sees signs that point to remodeling spending strength into next year at least and he keeps a $225 price target and Buy rating on Home Depot shares.
08/15/18
SBSH
08/15/18
NO CHANGE
SBSH
Buy
Home Depot hinted that second half guidance could be conservative, says Citi
Citi analyst Kate McShane noted that Home Depot's comp growth is likely to slow in the second half as the company laps the benefit from late-2017 hurricanes, but she believes the company's initiatives should still support mid-single digit growth. She also said that management hinted on its earnings call that its second half guidance could prove conservative given the solid macro backdrop, which they still sees as supportive of the home improvement industry. McShane keeps a Buy rating on Home Depot shares.

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