Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Home Depot (HD) -- Ignore unavailable to you. Want to Upgrade?

To: Carl Yee who wrote (419)	11/24/1998 2:21:00 PM
From: Beltropolis Boy	Respond to of 1169

excerpts from lehman bro's latest write-up (a week old) ... if you've got acrobat, i've provided the url where you can access the entire piece. ----- Home Depot: Strong 3Q EPS; Raising Estimates, Target Author: William A. Julian 1(212)526-2482 Rating: 2 Company: HD Industry: RETAIL Rank (Old): 2-Outperform Rank (New): 2-Outperform Price Target (Old): $40 Price Target (New): $58 Today's Date : 11/17/98 Highlights: * Home Depot reported 3Q98 EPS of $0.26, equal to our estimate and 1 cent ahead of consensus. Home Depot bested consensus estimates with better-than-expected gross margin improvement and strong comps. * Comp sales were 7%, LINCS were -5%. Sales were strong in all categories and across all regions. New store productivity (LINCS) suffered from late openings in the quarter. * We are raising our 1999 EPS estimate from $1.25 to $1.28 (we expect GM will continue to improve in 1999 with more efficient inventory management and continued product line reviews). * We are raising our target price to $58, anticipating the stock will continue to move with earnings growth over the next year. * We continue to rate the shares 2-outperform, and HD remains one of our top 5 favorite names in retailing. lehman.com