247.45 +0.10 (0.04%)
Before hours: 4:50AM EDT
|Bid||245.00 x 800|
|Ask||247.00 x 2200|
|Day's range||247.07 - 250.78|
|52-week range||140.63 - 259.29|
|Beta (5Y monthly)||1.06|
|PE ratio (TTM)||24.56|
|Earnings date||18 Aug 2020|
|Forward dividend & yield||6.00 (2.43%)|
|Ex-dividend date||03 Jun 2020|
|1y target est||255.74|
Lowe's (NYSE: LOW) is beating a down market this year. Lowe's had been down over 40% by mid-March, but shares have rallied to roughly match the gain of peer Home Depot. Like its larger rival, Lowe's kept its stores open through the early phases of the COVID-19 pandemic, and that allowed it to tap into surging demand as consumers prioritized home improvement projections during shelter-in-place orders.
Shareholders of Home Depot (NYSE: HD) are beating the market this year. Home Depot started 2020 on a positive note by announcing accelerating growth in its fiscal fourth quarter and avoiding the slowdown that retailers like Walmart and Target had seen. Sales gains roughly doubled from quarter to quarter even though Home Depot curtailed its hours and canceled its traditional spring selling promotions.
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After having plunged during the first three months of the year, the Dow Jones Industrials (DJINDICES: ^DJI) have bounced back sharply from their worst levels of the year. Amid a couple dozen losing stocks in the Dow, Microsoft (NASDAQ: MSFT) is doing a lot to limit the average's losses. What's particularly impressive about the software giant's 31% rise so far this year is that it comes on the heels of an even sharper 55% climb for Microsoft in 2019.
Last week, stocks moved higher in a shortened trading week, as the Dow Jones Industrial Average (DJINDICES: ^DJI) and S&P 500 (SNPINDEX: ^GSPC) gained about 3% and 4%, respectively. Let's look at the developments that might send shares of Bed Bath & Beyond (NASDAQ: BBBY), Levi Strauss (NYSE: LEVI), and PriceSmart (NASDAQ: PSMT) moving this week. Investors are bracing for rough operating numbers from Levi Strauss in its quarterly results on Tuesday afternoon.
If you work at a non-essential business, your house or apartment has had to step up its game. It's become your office, school, gym, and much more for your entire family. Some households may have even added friends or relatives under their roofs as unemployment skyrockets.
Home Depot (HD) closed the most recent trading day at $248.15, moving -0.94% from the previous trading session.
Both Home Depot (NYSE: HD) and Amazon (NASDAQ: AMZN) are experiencing a surge in sales as a result of the COVID-19 pandemic. Each has benefited in unique ways: Amazon because people spent more online to reduce trips to the store, and Home Depot because it was deemed an essential business and allowed to keep its doors open during stay-at-home orders. Meanwhile, Amazon has been taking sales away from the entire brick-and-mortar industry.
Home Depot (HD) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
Economic growth might be weak, with a soft economy made worse by additional outbreaks of COVID-19. The recent earnings report by industry leader Nike (NYSE: NKE) helped illustrate just how strong lululemon athletica's (NASDAQ: LULU) business is today. The apparel specialist only endured a 17% sales decline through early May, while Nike's revenue dove by 38% in its comparable fiscal fourth quarter.
A rising dividend stream not only hedges against inflation, it also accelerates payback on investment.
Staying at home due to the COVID-19 pandemic prompts Americans to chase creativity and nurture subjective expressions, thereby perking up demand for home improvement products.
Home Depot (HD) witnesses momentum on continued operations amid pandemic as well as its flexible interconnected infrastructure, which is helping it to adapt to changing consumer preferences.
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Oftentimes, the strongest competitive advantages we see in the world of business are built from intangible assets. This is the case for Home Depot (NYSE: HD), which has a robust organizational culture that has played a key role in the stock's sevenfold rise over the past decade. CEO Craig Menear highlighted the success of investments made over the years that have enhanced the company's ability "to quickly adapt to shifts in customer needs, preferences, and behaviors."
May retail sales numbers were much better than expected, sending stocks higher on Tuesday. Overall retail sales rose 17.7% from April according to the Census Bureau, but were down 6.1% from a year ago, showing that while the economy is recovering, there is still work left to do. The monthly retail sales report is closely watched even in a normal economy, as it offers a detailed look at consumer spending.
Retail sales in the United States surged 17.7% sequentially in May. This marked the biggest uptick on record in retail sales as the coronavirus-led lockdown eased.
Separately, investors were also encouraged by fresh retail sales data released by the Commerce Department. Jefferies boosted its price targets on numerous home improvement and home-furnishing companies, including Lowe's, Home Depot, and Wayfair. The Commerce Department also released monthly data regarding retail sales today, and the report showed that overall retail sales in the U.S. jumped 17.7% as more states move to reopen their economies.