Report
Jaime Katz
EUR 101.80 For Business Accounts Only

Housing fundamentals support rising share gains at Home Depot, reinforcing competitive advantages.

As key home improvement factors have remained supportive in recent periods (including turnover, rising prices, and low interest rates), wide-moat retailer Home Depot has been a beneficiary of these positive trends. With the books closed on another solid quarter where the company delivered same-store sales growth of 6.3% on top of 6.5% last year, and earnings per share expansion of 14% (thanks to cost leverage and share buybacks), we plan to tick our 2017 outlook up modestly to reflect second qua...
Underlying
Home Depot Inc.

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.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

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.

We have operations in 27 countries.

Analysts
Jaime Katz

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