|Bid||243.51 x 1000|
|Ask||243.74 x 1100|
|Day's range||241.22 - 244.09|
|52-week range||140.63 - 248.32|
|Beta (5Y monthly)||1.03|
|PE ratio (TTM)||23.62|
|Earnings date||18 Aug 2020|
|Forward dividend & yield||6.00 (2.47%)|
|Ex-dividend date||03 Jun 2020|
|1y target est||225.92|
In this episode of MarketFoolery, Chris Hill and Motley Fool analyst Ron Gross discuss all things retail. To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. Ron Gross: Good to see you, Mr. Chris Hill.
Discover how Walmart (NYSE: WMT) is winning in the retail space and some other retail news. To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. Jason Moser: Good to see you.
Lowe's Cos.'s move to revamp its outdated online business in recent months paid off in the first quarter, as shoppers shut in because of the pandemic shifted to online services for supplies for their do-it-yourself home projects. The nation's second-largest home improvement retailer behind Home Depot said quarterly online sales increased 80%. Lowe's had planned to offer curbside pickup services next year, but the pandemic accelerated those efforts and it launched the service in three days.
Lowe's (NYSE: LOW) efforts to increase sales, pump up digital, and become a serious threat to Home Depot's (NYSE: HD) hold on the top spot in home improvement are paying off in a big way as the COVID-19 pandemic sent shoppers to town in the home improvement area. Home Depot's comps increased 6.4% with U.S. comps rising 7.5% during the same period. As an essential business, Lowe's has been allowed to keep its stores open, but digital became more important as people stayed at home.
Investors had high hopes for Home Depot's (NYSE: HD) first-quarter earnings report even though the COVID-19 pandemic pressured most of the retail industry. The chain responded to the pandemic by cutting store hours and making other moves aimed at limiting customer traffic, yet expectations were for robust sales growth as many consumers used the shelter-in-place time to work on home projects. Home Depot's report confirmed this bullish reading and showed that the market leader was a key shopping destination over the last few months.
The home improvement chain's shares rose as much as 8% in premarket trading after it reported its biggest rise in quarterly same-store sales in at least 15 years, but comments on the retailer's outlook from Chief Executive Officer Marvin Ellison quickly chilled investor optimism. Ellison said it was difficult to predict what would happen in the coming months, but anticipates those sales to start moderating at some point later this quarter and through the second half of the year.
Investors had expected Walmart (NYSE: WMT) to report strong sales growth in its fiscal 2021 first quarter (which ended May 1) given the rush to stockpile food and other essential products in March, but the retail giant blew those expectations away. Walmart posted comparable sales growth of 10%, with U.S. e-commerce sales jumping 74%. Sales were up at all three of its business segments, rising by about 10% at Walmart U.S. and Sam's Club and increasing 3.4% at international stores.
Costco (NASDAQ: COST) and Lowe's (NYSE: LOW) are both large, national retail chains that were deemed essential services and have stayed open throughout the COVID-19 pandemic. Costco's bread and butter is, well, bread and butter, and other consumer staples (often sold in bulk), while Lowe's product line focus is home improvement. While they're not direct competitors, Costco's stores sell a good amount of general home improvement products, but Lowe's is the niche reseller.
Investors will be paying close attention to quarterly results from home improvement chain Lowe’s and Target and the Federal Open Market Committee’s (FOMC) meeting minutes in a busy Wednesday.
Joining us on our call today are Craig Menear, Chairman, CEO and President; Ted Decker, Executive Vice President of Merchandising; and Richard McPhail, Executive Vice President and Chief Financial Officer. Before I turn the call over to Craig, let me remind you that today's press release and the presentations made by our executives include forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Now, let me turn the call over to Craig.
The S&P 500 was largely unchanged on Tuesday, after a strong rally in the prior session, as investors sifted through a mixed batch of results from major retailers including Walmart and Home Depot. Home improvement chain Home Depot fell 2.4% as it missed quarterly profit estimates due to higher costs, while department store operator Kohl's Corp slumped 7.8% after reporting a bigger-than-expected loss.
The retailer announced earnings today, and gave investors a window into what it's doing for employees during the COVID-19 pandemic.
Walmart's quarter was one for the record books, and Home Depot reported strong sales but weak earnings.
The direction of the June E-mini S&P; 500 Index the rest of the session on Tuesday is likely to be determined by trader reaction to 2930.25.
Home Depot's (HD) first-quarter fiscal 2020 earnings reflect impacts of higher expenses incurred to support associates during the pandemic despite the strong top line and comps growth.
The Zacks Analyst Blog Highlights: Advance Auto Parts, Home Depot, Lowe's Companies, Alibaba Group and Dollar General