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Aug 11, 2020

Home Depot (HD, $277.36) and  Lowe's (LOW, $154.79) get price target hikes

Home improvement/retail companies Home Depot   and  Lowe's Companies got  their boost in share price targets from analysts at Wells Fargo and Morgan Stanley.  

Wells Fargo analyst Zachary Fadem hiked his price target on Home Depot to $300 from $295. Fadem kept an overweight rating on the shares. 

Fadem boosted his price target on Lowe's to $180 from $165, while keeping an overweight rating on the shares.The analyst mentioned that he expects Lowe's comps to edge past Home Depot’s for the second straight quarter due to its higher DIY mix, and its focus on key categories and lower exposure to recent coronavirus hotspots.

Morgan Stanley analyst Simeon Gutman increased his price target on Home Depot to $285 from $260. He kept an overweight rating on the shares. 

According to Gutman, Wall Street's estimates are too low, and expects Home Depot to report a high-teens U.S. comparable store sales figure and earnings of at least $4.00 per share. 

Gutman also hiked his price target on Lowe’s to $160 from $150, and had an overweight rating on the shares. Gutman also expects Lowe's to have better second-quarter comps than Home Depot due its higher DIY penetration.

Tickeron's Analysis- Lowe`s Cos., Inc. (LOW) vs Home Depot, Inc. (HD) Comparision :

[LOW & HD] are closely correlated.

Both companies represent the Home Improvement Chains industry

Market capitalization -- LOW: $116.1B vs. HD: $295.5B

Current volume relative to the 65-day Moving Average: LOW: 79% vs. HD: 67%

Brand notoriety: LOW and HD are both notable

Long-Term Analysis

It is best to consider a long-term outlook for a ticker by using Fundamental Analysis (FA) ratings. The rating of 1 to 100, where 1 is best and 100 is worst, is divided into thirds. The first third (a green rating of 1-33) indicates that the ticker is undervalued; the second third (a grey number between 34 and 66) means that the ticker is valued fairly; and the last third (red number of 67 to 100) reflects that the ticker is undervalued. We use an FA Score to show how many ratings show the ticker to be undervalued (green) or overvalued (red).

LOW’s FA Score shows that 3 FA rating(s) are green while HD’s FA Score has 4’s green FA rating(s).

  • LOW’s FA Score: 3 green, 2 red.
  • HD’s FA Score: 4 green, 1 red.

Short-Term Analysis

It is best to consider a short-term outlook for a ticker by using Technical Analysis (TA) indicators. We use Odds of Success as the percentage of outcomes which confirm successful trade signals in the past.

If the Odds of Success (the likelihood of the continuation of a trend) for each indicator are greater than 50%, then the generated signal is confirmed. A green percentage from 90% to 51% indicates that the ticker is in a bullish trend. A red percentage from 90% - 51% indicates that the ticker is in a bearish trend. All grey percentages are below 50% and are considered not to confirm the trend signal.

LOW’s TA Score shows that 2 TA indicator(s) are bullish while HD’s TA Score has 4’s bullish TA indicator(s).

  • LOW’s TA Score: 2 bullish, 3 bearish.
  • HD’s TA Score: 4 bullish, 3 bearish.

Industries' Descriptions

@Home Improvement Chains (+4.0% weekly)

The home improvement chains industry sells home improvement merchandise and do-it-yourself repair and building goods. Customers include individual contractors or construction managers on one hand; on the other hand, there are retail consumers who’d either buy raw materials/items from the store to do a project on their own, or pay extra for installation services. Products sold include fencing supplies, lumber materials, hardware, lighting fixtures, plumbing supplies, home decor items, bathroom remodel items, roofing materials, tools and wallboard to name a few. The Home Depot Inc., Lowe's Companies, Inc. and Floor & Decor Holdings, Inc. are some of the biggest home improvement retailing companies in the U.S. Allowing all types of customers the flexibility to choose or buy products both offline and online and then having the products shipped to the respective sites/homes are some of the potential drivers of a home improvement chain’s popularity. Many big-box home improvement chains are looking to expand their overseas presence. Supply-chain efficiency and distribution management are some of the key ingredients to grow/make profit in this industry.

HD vs LOW: Fundamental Ratings

Tickeron ratings are formulated such that a rating of 1 designates the most successful stocks in a given industry, while a rating of 100 points to the least successful stocks for that industry.

HD's Valuation (6) in the Home Improvement Chains industry is significantly better than the same rating for LOW (90). This means that HD’s stock grew significantly faster than LOW’s over the last 12 months.

HD's Profit vs Risk Rating (13) in the Home Improvement Chains industry is in the same range as LOW (19). This means that HD’s stock grew similarly to LOW’s over the last 12 months.

HD's SMR Rating (1) in the Home Improvement Chains industry is in the same range as LOW (5). This means that HD’s stock grew similarly to LOW’s over the last 12 months.

LOW's Price Growth Rating (7) in the Home Improvement Chains industry is in the same range as HD (21). This means that LOW’s stock grew similarly to HD’s over the last 12 months.

HD's P/E Growth Rating (37) in the Home Improvement Chains industry is somewhat better than the same rating for LOW (78). This means that HD’s stock grew somewhat faster than LOW’s over the last 12 months.

 

Related Ticker: HD

Momentum Indicator for HD turns positive, indicating new upward trend

HD saw its Momentum Indicator move above the 0 level on February 06, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 88 similar instances where the indicator turned positive. In of the 88 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for HD just turned positive on February 22, 2024. Looking at past instances where HD's MACD turned positive, the stock continued to rise in of 50 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where HD advanced for three days, in of 365 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 354 cases where HD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 6 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where HD declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

HD broke above its upper Bollinger Band on February 22, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. HD’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 75, placing this stock better than average.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: HD's P/B Ratio (370.370) is very high in comparison to the industry average of (9.132). P/E Ratio (25.443) is within average values for comparable stocks, (30.682). Projected Growth (PEG Ratio) (2.136) is also within normal values, averaging (2.759). Dividend Yield (0.022) settles around the average of (0.035) among similar stocks. P/S Ratio (2.523) is also within normal values, averaging (84.142).

Notable companies

The most notable companies in this group are Home Depot (NYSE:HD), Lowe's Companies (NYSE:LOW), AutoZone (NYSE:AZO), Tractor Supply Company (NASDAQ:TSCO), Ulta Beauty (NASDAQ:ULTA), Best Buy Company (NYSE:BBY), Five Below (NASDAQ:FIVE), Bath & Body Works (NYSE:BBWI), RH (NYSE:RH), GameStop Corp (NYSE:GME).

Industry description

The specialty stores sector includes companies dedicated to the sale of retail products focused on a single product category, such as clothing, carpet, books, or office supplies. A specialty store could face intense competition from big-box departmental chains, and therefore offering an adequate collection of the product type it specializes in is key in maintaining/growing its market.

Market Cap

The average market capitalization across the Specialty Stores Industry is 7.76B. The market cap for tickers in the group ranges from 48 to 382.63B. HD holds the highest valuation in this group at 382.63B. The lowest valued company is CALI at 48.

High and low price notable news

The average weekly price growth across all stocks in the Specialty Stores Industry was 3%. For the same Industry, the average monthly price growth was 33%, and the average quarterly price growth was 42%. GHST experienced the highest price growth at 89%, while WINH experienced the biggest fall at -44%.

Volume

The average weekly volume growth across all stocks in the Specialty Stores Industry was -49%. For the same stocks of the Industry, the average monthly volume growth was -32% and the average quarterly volume growth was 21%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 49
P/E Growth Rating: 52
Price Growth Rating: 56
SMR Rating: 67
Profit Risk Rating: 74
Seasonality Score: -1 (-100 ... +100)
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a retailer of assortment of building materials and home improvement products

Industry SpecialtyStores

Profile
Fundamentals
Details
Industry
Home Improvement Chains
Address
2455 Paces Ferry Road
Phone
+1 770 433-8211
Employees
471600
Web
https://www.homedepot.com
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HD and

Correlation & Price change

A.I.dvisor indicates that over the last year, HD has been closely correlated with LOW. These tickers have moved in lockstep 84% of the time. This A.I.-generated data suggests there is a high statistical probability that if HD jumps, then LOW could also see price increases.

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