ADVFN - Advanced Financial Network.
HOME» NASDAQ » S » SHLD Stock Price » SHLD Stock News

Sears Share News

 Sears Holdings (mm) Stock Price
SHLD Stock Price
 Sears Holdings (mm) Stock Chart
SHLD Stock Chart
 Sears Holdings (mm) Stock News
SHLD Stock News
 Sears Holdings (mm) Company Information
SHLD Company Information
 Sears Holdings (mm) Stock Trades
SHLD Stock Trades

Home Depot Raises Operating Goals, Buyback

-- Long-term operating margin, return-on-investment goals raised -- Company expects to hit prior targets ahead of schedule -- Benefits from buyback boost seen materializing next year Home Depot Inc. (HD), anticipating it would hit long-term operating goals ahead of schedule, raised those targets alongside a $500 million boost to planned share repurchases Wednesday. The nation's largest home-improvement retailer, which will further detail its goals at an analyst and investor day later Wednesday, now expects operating margin of 12% and return on invested capital of 24% for fiscal year 2015. It anticipated reaching its prior goals for 10% and 15%, respectively, by the end of this year, about a year ahead of the schedule it set in late 2010. Analysts widely expected Home Depot would boost the long-term goals. Home Depot also predicted repurchasing around $4 billion in shares this year, a $500 million increase. The company doesn't see the increase having an impact on full-year per-share earnings because of timing, but Credit Suisse analyst Gary Balter said in a note the buybacks should be beneficial next year and beyond. Balter also noted that Home Depot's 12% margin goal could very well turn out to be conservative, citing opportunity to improve direct sourcing, assumed strengthening in housing over coming years and potential market share gains from struggling Sears Holdings Corp. (SHLD). The company will discuss the basis for its new targets--as well as its plans for customer-service strategy, merchandising shifts, investments and e-commerce--at the conference later this morning. Lately, business has strengthened for both Home Depot and smaller rival Lowe's Cos. (LOW), but it has been unclear whether demand stemmed from a strengthening economy, housing recovery or early spring-season shopping thanks to one of the mildest U.S. winters on record. In its latest quarterly results, Home Depot's earnings rose 27%, but its top-line growth wasn't as robust as expected, especially given the help from unseasonably warm weather. Chief Executive Frank Blake said at the time that stripping out benefits from the temperate spring, Home Depot's results reflected gross domestic product growth but not recovery in the housing market, which he said remains under pressure. That caused a pullback in Home Depot's stock, which had been rallying this year primarily on optimism about improvement in housing. Shares of the company, which affirmed its full-year earnings and revenue guidance, were up at 1% at $49.40 premarket Wednesday. The stock has outperformed the wider market this year, rising 16% in 2012 through the close. Write to Joan E. Solsman at joan.solsman@dowjones.com and Kristin Jones at kristin.jones@dowjones.com

Stock News for Sears (SHLD)
DateTimeHeadline
12/07/201610:00:00Sears' Heroes at Home Program Brightens Holiday Season for Disabled...
12/07/201608:00:00Uber, Shop Your Way® Expand Rider Rewards Program
12/06/201613:31:00Sears® Auto Center And The DieHard® Brand Introduce Maintenance P...
12/02/201618:02:07Statement of Changes in Beneficial Ownership (4)
12/02/201617:04:08Amended Statement of Beneficial Ownership (sc 13d/a)
12/02/201616:49:33Current Report Filing (8-k)
12/02/201609:42:00Sears Holdings Announces Board Change
12/01/201616:47:00Sears Holdings To Hold Fiscal 2016 Third Quarter Financial Results...
11/25/201610:02:37St. Jude Children’s Research Hospital® and Kmart to Ring the Na...
11/23/201616:47:01Current Report Filing (8-k)
11/22/201613:20:00Help Kmart® Reach $100 Million in Donations to Support St. Jude...
11/22/201608:00:00Sears to Kick Off Cyber Monday Early with 72 Hours of Online...
11/18/201610:30:00For Gifts That Glimmer And Gadgets That Simmer, Head To Kmart.com...
11/16/201612:07:00Celebrating 10 Years of Partnership, Kmart® Announces Suite...
11/16/201608:00:00Sears Announces More Early Access to Thanksgiving/Black Friday...
11/14/201612:49:00Kenmore® Brand Brings Home Multiple Reviewed.com Best Of Year...
11/14/201608:00:00Activehours and Sears Holdings Bring On-Demand Pay to Shop Your...
11/14/201605:00:00Go Elfin' Wild For Ridiculous Holiday Deals And Experiences At...
11/10/201608:00:00Sears to Feature "Elf Tested, Santa Approved" Gifts, Shopping...
11/09/201603:02:00Mall Landlords Sop Up Surplus Retail Space -- WSJ

Sears and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US