-
Top 4 Stocks In The Home Improvement Stores Industry With The Highest Cash
Thursday, March 1, 2012 - 3:08am | 126Below are the top home improvement stores stocks on the NYSE and the NASDAQ in terms of cash. Home Depot Inc (The) (NYSE: HD) had $1.99 billion in total cash and $10.79 billion in total debt for the latest quarter. Lowe's Companies Inc (NYSE: LOW) had $1.30 billion in total cash and $7.63...
-
Doug Kass on Fast Money: Looking for 4-7% Market Pullback
Tuesday, February 28, 2012 - 12:42pm | 316Earlier, Doug Kass appeared on CNBC to give his trading outlook. Kass was somewhat bullish on housing, downplaying the recent Case-Shiller release on the grounds that it was a lagging indicator. He stated that there was real evidence that the residential real estate market has turned. Kass pointed...
-
ISI: Lowe's Sees Traffic Increase, 13% Buyback on the Horizon
Tuesday, February 28, 2012 - 9:40am | 112According to a research report published today by ISI, Lowe's (NYSE: LOW) traffic rose 3.8%, and there is large potential for leverage increases/sizeable buybacks. ISI further commented in the report, “LOW has plenty of overhead cover to revamp the merchandising, reposition the asset base and...
-
Jefferies: Sales are Better for Lowe's
Monday, February 27, 2012 - 11:02am | 150According to a research report published today by Jefferies, Lowe's (NYSE: LOW) sales benefitted this week from nice weather, but the competition stores sales gap with Home Depot (NYSE: HD) was wide. “Comp store sales at LOW was 3.4% well below the 6.1% U.S. comp that Home Depot (HD, $46.98, HOLD...
-
Oppenheimer Reiterates Outperform, $34 PT on Lowe's
Monday, February 27, 2012 - 10:35am | 139Oppenheimer remains rated Outperform with a $34 target price on Lowe's (NYSE: LOW) as a quick read on Q4 results points to the company heading in the right direction. Oppenheimer says, "We view the better-than-expected Q4 (Jan.) results and solid FY12 (Jan. 2013) guidance that LOW reported today...
-
Citigroup Maintains Neutral, $24 PT on Lowe's
Monday, February 27, 2012 - 10:26am | 106Citigroup reiterates its Neutral rating and $24 target price on Lowe's (NYSE: LOW) as the company reports EPS upside on stronger sales growth momentum. Citigroup says, "Although LOW benefits from a relatively attractive valuation, we view limited upside from current levels on 1) continued SSS...
-
ISI Group Reiterates Hold, $25 PT on Lowe's
Monday, February 27, 2012 - 10:23am | 111ISI Group maintains its Hold rating with a $25 target price on Lowe's (NYSE: LOW) following initial reaction to the company's Q4 results. ISI Group says, "4Q results were modestly better than expected on a 3.4% comp, but gross margins declines accelerated; SG&A $s spend came in better than...
-
Earnings Roundup
Monday, February 27, 2012 - 10:23am | 920Lowe's Companies Inc (NYSE: LOW) posted a rise in its fourth-quarter profit. Lowe's quarterly profit climbed to $322 million, or $0.26 per share, from $285 million, or $0.21 per share, in the year-ago period. The latest quarter results included one-time charges of $0.03 per share. Its revenue...
-
Lowe's Earnings Beat Estimates
Monday, February 27, 2012 - 10:03am | 382Lowe's (NYSE: LOW), the home-improvement goods retailer, reported higher-than-estimated earnings in the fourth quarter as warm weather prompted home owners to get an early start on spring remodeling projects. Sales increased 11 percent in the quarter, from $10.5 billion in 2010 to $11.6 billion,...
-
Morgan Stanley Maintains Underweight on Lowe's
Monday, February 27, 2012 - 9:44am | 120Morgan Stanley reiterates its Underweight rating on Lowe's (NYSE: LOW) following solid results on Q4 and in-line 2012 outlook. Morgan Stanley says, "Lowe's reported 4Q11 results that were slightly ahead of our expectations as well as consensus. However, most of the major trends were likely in...
-
Deutsche Bank Maintains Buy, $31 Target on Lowe's
Monday, February 27, 2012 - 7:54am | 113Deutsche Bank remains Buy-rated with a price target of $31 on Lowe's (NYSE: LOW) following the company's quarterly results. Deutsche Bank says, "Total sales were +13% at $11, 629b, beating FactSet consensus of +8% to $11, 345b. The impact of the extra week was as expected. Comps were +3.4%,...
-
Financial Breakfast: Morning News Summary for February 27, 2012
Monday, February 27, 2012 - 7:24am | 1100Monday, February 27, 2012 This is your Benzinga news summary and trader's outlook covering headlines from overnight and today's pre-market session. Benzinga's Top News Lowes (NYSE: LOW) Reports Q4 EPS $0.29 vs $0.24 Est; Revenues $11.63B vs $11.34B Est Motorola Solutions (NYSE: MSI) (NASDAQ:...
-
UPDATE: Lowe's Posts Rise In Q4 Profit
Monday, February 27, 2012 - 7:03am | 86Lowe's Companies Inc (NYSE: LOW) posted a rise in its fourth-quarter profit. Lowe's quarterly profit climbed to $322 million, or $0.26 per share, from $285 million, or $0.21 per share, in the year-ago period. The latest quarter results included one-time charges of $0.03 per share. Its revenue...
-
Earnings Scheduled For February 27
Monday, February 27, 2012 - 4:27am | 488Armstrong World Industries Inc (NYSE: AWI) is projected to post its Q4 earnings at $0.30 per share on revenue of $670.3 million. Universal Health Services Inc (NYSE: UHS) is estimated to post its Q4 EPS at $0.90 on revenue of $1.87 billion. Lowe's Companies Inc (NYSE: LOW) is projected to report...
-
Stocks To Watch For February 27
Monday, February 27, 2012 - 3:25am | 172Some of the stocks that may grab investor focus today are: Wall Street expects Lowe's Companies Inc (NYSE: LOW) to report its Q4 EPS at $0.24 on sales of $11.3 billion. Lowe's shares rose 0.37% to close at $27.16 on Friday. Berkshire Hathaway Inc (NYSE: BRK-B) reported a 30% drop in its fourth-...