Home Improvement Retail

Collective Brands Inc (NYSE: PSS) soared 33.27% to $13.70 in the pre-market trading. PSS reported better-than-expected quarterly profit. Bank of America Corporation (NYSE: BAC) rose 2.86% to $7.19 in the pre-market session. BAC shares have dropped 44.79% over the past 52 weeks, while the S&P...

This is your Benzinga news summary and traders' outlook for Monday, August 22, 2011, covering headlines from overnight and Monday's pre-market session. Today in domestic pre-market trading, U.S equity futures are trading higher. Also, the price of gold hit a new record high, as investors around...

Pre-open movers US stock futures are higher this morning. Futures on the Dow Jones Industrial Average surged 102 points to 10,922.00 and futures on the S&P 500 stock index rose 12.70 points to 1,136.20. Nasdaq 100 futures gained 27.75 points to 2,068.75. A Peek Into Global Markets Asian...

Lowe's Companies Inc (NYSE: LOW) reported that its board has authorized a $5 billion shares repurchase program. Lowe's also declared a quarterly cash dividend of $0.14 per share. Last week, Lowe's reported downbeat quarterly sales and lowered its fiscal-year forecast. Lowe's shares dropped 1.38...

The Board of Directors for Lowe's Companies, Inc. (NYSE: LOW) has authorized the repurchase of up to $5 billion of the company's common stock. Although this new repurchase authorization has no expiration date, the company expects to use the full amount over the next two to three years. The...

Home Depot (NYSE: HD) today announced that its board of directors declared a second quarter cash dividend of 25 cents per share. The dividend is payable on September 15, 2011, to shareholders of record on the close of business on September 1, 2011. This is the 98th consecutive quarter the Company...

Goldman Sachs has published a research report on Home Depot (NYSE: HD) raising the price target. In the report, Goldman Sachs wrote, "We are raising our forecast for HD to reflect the flow through of the 2Q beat, slightly higher sales and margins, and more buybacks. Our 2011E/2012E/2013E EPS go to...

Citi has published a research report on Home Depot (NYSE: HD) raising the price target. In the report, Citi wrote, "HD reported 2Q11 EPS of $0.86, in-line with our estimate, above consensus of $0.83, and vs. $0.72 LY (no guidance was provided). HD's 2Q11 SSS of +4.3% were above our estimate of +3....

According to Piper Jaffray, Home Depot (NYSE: HD) price target is lowered to $35. Piper Jaffray said that it is maintaining its Neutral rating at this time. “We see more risk to the downside on sales and earnings as a result of the macroeconomic environment. HD is seeing a nice positive comp trend...

Jefferies is out with its report today on Home Depot (NYSE: HD), maintaining Hold. In its report, Jefferies writes, "Although Home Depot is executing well relative to Lowe's (NYSE: LOW), we remain cautious on potential weakness in consumer spending in the second half. As a result we are...

Citigroup has raised the price target on Home Depot (NYSE: HD) from $39 to $41 and maintains its Buy rating.

Piper Jaffray has lowered the price target on The Home Depot (NYSE: HD) from $39 to $35 and maintains its Neutral rating.

Kingfisher (KGFHY) shares rallied in London Tuesday after vague chatter that two U.S. DIY retailers Home Depot (NYSE: HD) and Lowe's (NYSE: LOW) could put in a bid for the UK home improvement retailer. Home Depot and Lowe's may see KingFisher as a way to expand into Europe. In addition to the UK...

Lumber Liquidators (NYSE: LL) today announced the election of Jimmie L. Wade as a Class III director effective September 1, 2011. Mr. Wade fills the vacancy on the Board of Directors left by Richard D. Tadler.

UBS lowered its Lowe's (NYSE: LOW) price target from $26 to $25 in a research report published today. At last check, shares of Lowe's were trading at $19.96, up 1.42% from Monday's market close.