News for Home Depot
Feb 11 · 2:06:00 PM · Source: Trading Markets
According to Trading markets, Home Depot is taking a hard look at those acres of blacktop surrounding their stores to see if they could support an acre-sized business in the parking lot. Fast-food restaurants, banks or auto-parts stores are the most likely businesses that will pop up on those oceans of asphalt that are no longer practical, said Mike LaFerle, vice president of real estate and construction for the company.
File this under "signs of the times". The 14 stores in the Sacramento region are among the potential locations for the "carve-out" projects, but specific sites have not been identified. We'll keep you posted.
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by Rich Pike
Dec 29 · 1:45:00 PM · Source: Smartrend
Goldman Sachs maintanined its Buy recommendation and raised its price target on Home Depot from $29 to $32.
Home Depot is currently above its 50-day moving average of $27.32 and above its 200-day moving average of $25.73.
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by Michael Oliveto
Nov 17 · 11:36:00 AM · Source: Company News
Home Depot said Tuesday that for the fiscal third quarter period ended Nov. 1 it reported earnings of $689 million, or 41 cents per share, down from $756 million, or 45 cents per share, a year earlier. Revenue fell 8% to $16.36 billion; same-store sales dropped 6.9%.
Profit down, sales down, same-store sales down. None of that can really be looked at as good news. However, on the bright side, the drop in profit was less than analysts expected.
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by Larry Etter
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