Housing Boom Sparks Home Improvement - Research Report on The Home Depot, Inc., Lowe's Companies, Inc., Lumber Liquidators Holdings Inc, Sherwin-Williams Company and Tractor Supply Company
NEW YORK, February 21, 2013 /PRNewswire/ --
Today, National Traders Association announced new research reports highlighting The Home Depot, Inc. (NYSE: HD), Lowe's Companies, Inc. (NYSE:LOW), Lumber Liquidators Holdings Inc (NYSE:LL), Sherwin-Williams Company (NYSE:SHW) and Tractor Supply Company (NASDAQ:TSCO). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
The Home Depot, Inc. Research Report
Home Depot, the largest home improvement retailer in the US, is seen to benefit greatly by the resurging housing market, as demand for retail sales in home goods and furnishings are quickly growing as more Americans build new homes amid increased consumer spending and an improving economy. The company posted 5 percent growth in consolidated sales, 2 percent more customer transactions, and 4 percent growth in comparable store sales, for stores open longer than a year. Home Depot also announced that they will be hiring 80,000 seasonal workers this year, or 14 percent more than they hired last year, for the key spring selling season where such companies expect a huge bump in sales as people rebuild their houses after the cold winter. The Full Research Report on The Home Depot, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.nationaltradersassociation.org/r/full_research_report/7871_HD]
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Lowe's Companies, Inc. Research Report
Lowe's, who also sells appliances aside from home improvement goods, is also seen to benefit from the recent housing boom, as shown by the performance of its stock price as of late. The company's stock surged by 45.53 percent over the past year, powered by its huge earnings growth of 94.44 percent and net income growth of 75.5 percent among other important driving factors. The Street reiterated its "buy" rating, citing continual growth even after experiencing a generous gain in the past year. Lowe's earnings per share is expected to increase to $2.08 and $2.52 over the next two years, for an average growth rate of 21 percent. In addition, the company is seen to continue expanding in Canada and Mexico, even after its failed bid to acquire Canadian home improvement retailer Rona in 2012. The Full Research Report on Lowe's Companies, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.nationaltradersassociation.org/r/full_research_report/c91b_LOW]
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Lumber Liquidators Holdings Inc Research Report
Also another beneficiary of the recent boom in the housing market is hardwood flooring retailer Lumber Liquidators, which is expected to post sharp increases in its upcoming Q4 results. Earnings are expected to spike 40 percent to 42 cents a share, while revenue is seen to rise 13 percent to $197.82 million, as estimated by Thomson Reuters analysts. This comes after a strong Q3, with earnings jumping 77 percent while revenue grew 19 percent. Lumber Liquidators have been undergoing a number of efforts to keep moving forward, such as improving sourcing and optimizing supply chain, which have also been instrumental in the company's growth. The stock price has risen 237 percent since January 2012. The Full Research Report on Lumber Liquidators Holdings Inc - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.nationaltradersassociation.org/r/full_research_report/c47f_LL]
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Sherwin-Williams Company Research Report
Sherwin-Williams, a manufacturer, distributor and seller of paints, coatings, and related products, saw its shares rise 1.85 percent this week and closed at $166.70 in the continuing rally that came after its Q4 2012 results released last month. In addition, its purchase of Mexican coatings manufacturer Comex should add on to its earnings, as well as the overall boost in the US housing market. Adjusted earnings came in at $1.17 per share while net sales grew 7.3 percent year over year to $2.22 billion, brought in part by an increase in paint sales volume and selling price. The company announced a 28 percent hike in its dividend to 50 cents per share from 39 cents, which will be paid to investors on March 8, 2013. The Full Research Sherwin-Williams Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.nationaltradersassociation.org/r/full_research_report/7cc4_SHW]
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Tractor Supply Company Research Report
Tractor Supply, which carries a much wider range of products aside from home improvement supplies, saw its shares jump 10 percent right after posting better than expected numbers in its latest earnings report. Sales rose 3.7% to $1.29 billion for the quarter, just meeting expectations, but earnings jumped 15.6% to $1.11 per share, which was well ahead of the $1.03 estimate. Zacks says the results benefited mainly from strong top-line performance and improved operating margin. Management expects continued growth of $5.07 to $5.17 billion in revenue next year, and earnings of $4.32 to $4.40 per share, due to its strong operations. UBS rates the company as a "buy" with a price target of $117, believing Tractor Supply could double its market share. The Full Research Report on Tractor Supply Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.nationaltradersassociation.org/r/full_research_report/52aa_TSCO]
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SOURCE National Traders Association
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