Home Depot (HD) Declares $0.69 Quarterly Dividend; 2.1% Yield

UBS Reiterates Buy on Home Depot (HD) Following 1Q EPS Beat

May 18, 2016 8:08 AM EDT

UBS reiterated a Buy rating and $150.00 price target on Home Depot (NYSE: HD) following the company's 1Q earnings report. HD reported EPS of $1.44, ahead of the consensus estimate of $1.35. The company raised FY16 EPS guidance to $6.27 (from $6.12-$6.18).

Analyst Michael Lasser commented, "We think HD's 1Q... More

Lowe's sales beat estimates; shares hit record high

May 18, 2016 6:35 AM EDT

By Sruthi Ramakrishnan

(Reuters) - Lowe's Cos Inc (NYSE: LOW) followed larger rival Home Depot Inc (NYSE: HD) in reporting better-than-expected quarterly sales as strength in the U.S. housing market and favorable weather powered demand for building and home renovation products.

Shares of the home improvement chain, which also raised its profit forecast for the year ending Feb. 3, rose as much as 4 percent to a record high of $79.08, boosting the company's market value by about $2.5 billion.

In contrast, Home Depot's shares fell as... More

Home Depot raises forecasts after strong start to the year

May 17, 2016 9:10 AM EDT

By Sruthi Ramakrishnan

(Reuters) - Home Depot Inc (NYSE: HD) boosted its sales and profit forecasts for the year on Tuesday after a stronger-than-expected first quarter, driven by a healthy housing market and favorable weather that encouraged Americans to spruce up their homes.

The company's results stood in stark contrast to grim quarterly reports from retailers such as Macy's Inc (NYSE: M), which have been hit as consumers shift spending away from apparel and accessories to big-ticket items including cars and homes.

"After last... More

Wall Street sells off amid Fed rate hike jitters

May 17, 2016 7:31 AM EDT

By Lewis Krauskopf

(Reuters) - Wall Street sold off on Tuesday as investors boosted their bets on the Federal Reserve raising rates later this year, while Home Depot dragged on indexes following its quarterly report.

U.S. consumer prices recorded their biggest increase in more than three years in April as gasoline and rents rose. The data pointed to a steady inflation build-up that could give the Fed ammunition to raise interest rates later this year.

Also on Tuesday, a Fed policymaker said he will push for an interest rate hike in June or July,... More

Lowe's Cos. (LOW) on Watch Following Strong Q1 Numbers, Boosted Outlook from Home Depot (HD)

May 17, 2016 6:26 AM EDT

Lowe's Cos. (NYSE: LOW) shares are on watch following solid Q1 results from peer Home Depot (NYSE:... More