Home Depot Merchandising Drives Another Banner Quarter; Shares Fairly Valued
Despite increasing headwinds across the home improvement landscape, including rising interest rates (with mortgage rates up 80 basis points over the last 12 months) and declining existing home sales recently, wide-moat Home Depot continues to deliver healthy top-line results. In the third quarter, comp sales of 4.8%, which were modestly better than our 4.5% forecast, and revenue growth of 5.1%, which was a bit weaker than the 5.9% we expected, benefited from good demand across both the pro and d...The Home Depot is a home improvement retailer. The company provides its customers an assortment of building materials, home improvement products, lawn and garden products, and decor products and provides a number of services, including home improvement installation services and tool and equipment rental. The company also maintains a network of distribution and fulfillment centers, as well as a number of e-commerce websites. The company provides a number of programs for its Professional Customers to meet their particular needs, and for its Do-It-Yourself and Do-It-For-Me customers, the company provides a number of installation services. The company also provides tool and equipment rentals for its customers.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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