Home Depot Boosts Outlook, Buybacks After Q2 Rebound – Yahoo Finance

Home Depot Earnings: Spring’s Thaw Builds a New Foundation for Growth – NASDAQ.com

At $50.45 as of Mondays close, it has a 52-week range is $43.52 to $52.08 and a consensus price target of $52.13. Lowes is valued at about 16 times next years expected earnings. Home Depots CEO said: In the second quarter, our spring seasonal business rebounded, and we saw strong performance in the core of the store and across all of our geographies. After what was a so-so first quarter, Home Depots CEO should be able to crow a bit over second-quarter results. http://finance.yahoo.com/news/home-depot-boosts-outlook-buybacks-110537101.html

Traffic rose by 4.2% to nearly 410 million transactions. And even as some complain that the economic recovery hasn’t restored purchasing power to the typical American shopper, Home Depot saw average ticket sales climb almost 2% on a year-over-year basis. Sales per square foot of floor space jumped 5.5% to climb above the $400-per-square-foot mark, as Home Depot strives to make the most of all the assets at its disposal. Source: Home Depot. Home Depot’s strength comes even in the face of doubts about the sustainability of the housing market’s recovery. http://www.nasdaq.com/article/home-depot-earnings-springs-thaw-builds-a-new-foundation-for-growth-cm381649

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