ATLANTA, June 18, 2024 /PRNewswire/ -- The Home Depot®, the world's largest home improvement retailer, has completed the acquisition of SRS Distribution, Inc. ("SRS") for a total enterprise value of approximately $18.25 billion. SRS is a leading residential specialty trade distribution company across several verticals serving the professional roofer, landscaper and pool contractor. The agreement to acquire SRS was announced on March 28, 2024. "SRS is an excellent fit for The Home Depot – it's both complemen ...

You don't need to follow the market's hot trends -- but if you do, choose some safe stocks to balance them out. If you can imagine buying a stock and holding it for 30 years, you're ahead of the game. By following that kind of investing philosophy, you give yourself a good chance of beating the market and perhaps becoming a millionaire. At the very least, you're likely to retire much richer than you are today. There's no way to know for sure what will happen to any specific investment, but if you do your du ...

Can Home Depot still deliver returns for investors? Home Depot (HD -0.30%) has succeeded by becoming a go-to supplier for construction, repair, and remodeling projects for individuals and businesses. Founders Stanley Marcus and Arthur Blank succeeded by bringing together home improvement-related needs, such as lumber, plumbing, electrical, flooring, and other product lines under one roof. Over time, this approach made it the world's largest home improvement retailer. However, growth has slowed in recent yea ...

文章核心观点 - 房地产市场降温,但家得宝公司正准备以185亿美元收购建材批发商SRS Distribution,以增强未来增长 [2][5] - 尽管面临高利率对房地产市场的影响,但家得宝公司长期看好行业前景,认为房地产支出从可选转为必需 [5] - 家得宝公司计划通过收购SRS Distribution来加快对专业住宅客户的增长,预计可增加500亿美元的可服务市场 [5] - 随着联储可能在2024年下半年降息,以及单户住宅供给缺口的存在,房地产市场有望在未来反弹 [7] 财务表现总结 - 2024财年第一季度,家得宝公司营收为364亿美元,同比下降2.3%;净利润为36亿美元,同比下降7% [4] - 收购SRS Distribution后,预计每年可带来100亿美元营收和11亿美元EBITDA [6] - 收购交易将使家得宝公司短期内面临资产负债表压力,年利息支出将从18亿美元增加到22亿美元 [9] - 为应对收购,家得宝公司已暂停股票回购计划,过去一年回购了23%的股票 [10] - 家得宝公司的派息率已升至10年来最高的57.1%,接近上次在金融危机时暂停增加股息的水平 [11] 行业前景分析 - 房地产市场降温和高利率对家得宝公司业务造成一定压力,但长期来看行业前景仍看好 [5] - 收购SRS Distribution有助于家得宝公司拓展专业住宅客户市场,增加可服务市场规模 [5] - 联储可能在2024年下半年降息,加上单户住宅供给缺口,预示着房地产市场有望在未来反弹 [7] - 家得宝公司目前股价估值略高于同行,但考虑到其良好的经营记录和稳定的股息,现有股东可继续持有 [13] - 对于新投资者而言,或可先观望至房地产市场不确定性消除,并了解收购整合进展后再考虑入场 [13]

The Home Depot Inc. (HD) looks well-poised for long-term growth on its ongoing investments to strengthen its business despite the recent softness in demand trends across the home improvement industry. Home Depot is witnessing significant benefits from the execution of its strategic initiatives and commitment to investing in the business to deliver the best interconnected shopping experience, capture wallet-share with the Pro, and expand its store footprint. The company is on track with the execution of the ...

Home Depot (HD) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Shares of this home-improvement retailer have returned +1.5% over the past month versus the Zacks S&P 500 composite's +4.2% change. The Zacks Building Products - Retail industry, to which Home Depot belongs, has lost 0.1% over this period. Now the key question is: Where could the stock be headed in the near term? A ...

ATLANTA, June 14, 2024 /PRNewswire/ -- The Home Depot® (NYSE: HD) today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the "HSR Act"), in connection with its pending acquisition of SRS Distribution Inc. ("SRS"). The expiration of the waiting period occurred at 11:59 p.m. on June 13, 2024. The expiration of the waiting period under the HSR Act satisfies an important condition necessary for the completion of the transaction. The transaction is ex ...

It has been about a month since the last earnings report for Home Depot (HD) . Shares have lost about 1.3% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Home Depot due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Home Depot Q1 Earnings Surpass, Sales Miss Esti ...

Investors can expect this dominant retailer to maintain its industry-leading position. In the past five years, shares of Home Depot (HD 2.51%) produced a total return of 90%. This is a respectable gain. However, it lagged the 102% total return of the S&P 500. It doesn't help that Home Depot currently trades 20% below its peak price. Investors are probably wondering what the future holds. Where will this top retail stock be in five years? Let's seek to find out. Getting back to growth During its fiscal 2024' ...

家得宝：全美家居建材连锁零售商龙头 - 家得宝是全美家居建材连锁零售商龙头,主要跟踪美国已开工新建住宅和建材家具零售库销比 [5][6][7] - 公司主要收入来源美国,产品线主要包括建筑建材、装饰材料和机械工具 [6][7] - 公司按照客户群体将业务分为DIY、DIFM、PROs三类,PROs业务贡献约45%的销售额,客户属性为B端 [8][9] - 公司MRO业务营收粗略估算约60亿美元体量,占比公司整体营收低中个位数 [9] MRO业务打开公司成长空间,协同PRO业务更好发展 - 美国家居建材零售市场整体逐步走向成熟,家得宝和劳氏市场份额合计超过40%且双寡头的竞争格局近十年来较为稳定 [15][16] - 北美MRO市场空间广阔,竞争格局较为分散 [17][18][19][20] - 公司预计其家居建材零售业务潜在市场空间超过4500亿美元,B端业务PROs潜在市场空间超过5000亿美元,其中MRO潜在市场空间超过1000亿美元 [21][22] - MRO业务与PRO业务协同,从而打造独一无二的"One Home Depot Pros"的B2B平台 [29] 凭借零售和PRO业务基本盘,公司MRO业务竞争力有望领先 - 美国MRO市场竞争格局分散且参与者多为区域小型MRO经销商 [23][24] - 得益于零售和PRO业务稳固的基本盘,家得宝MRO业务相比区域小型MRO分销商具备更强竞争力 [25][26][27][28] - 公司MRO业务能够与PRO业务实现客户资源的共享共赢 [29] 盈利预测与投资评级 - 我们预测公司FY2024-2026年营收同比增长1.0%/1.9%/2.5%至1542.11/1571.20/1609.97亿美元;归母净利润分别同比增长-8.03%/13.67%/3.27%至157.31/178.80/184.65亿美元;对应的EPS分别为15.9/18.0/18.6美元/股;对应的PE分别为21.0/18.5/17.9倍,首次覆盖并给予"中性"评级 [28]