Latest news with #ScotCiccarelli
Yahoo
02-07-2025
- Business
- Yahoo
Why Home Depot Stock Edged Higher on Tuesday
Investors continued to signal their approval of the company's latest asset buy. This was buttressed by several positive analyst updates. 10 stocks we like better than Home Depot › On Tuesday, investors continued to digest Monday's news from Home Depot (NYSE: HD) that it had made a fresh acquisition. Meanwhile, several analysts felt compelled to issue updates on the stock, and these tended to be bullish. At the end of Tuesday's trading session, the company's share price was up by nearly 2% on a day when the S&P 500 index dipped by 0.1%. Home Depot kicked off the business week by announcing that it had acquired specialty building products distributor GMS via a subsidiary. The price is $110 per share in cash, valuing the equity at around $4.3 billion. Home Depot stated that the purchase will be financed through a mix of cash on hand and debt. The company said that taking on borrowings for it should not affect its goal to return to a leverage ratio of 2 by the end of its fiscal 2026. It added that owning GMS would be accretive to its non-GAAP (adjusted) per share earnings in the first year following the closing of the deal (which is expected by the end of the current fiscal year). Among the Home Depot watchers cheering the deal was Truist Securities' Scot Ciccarelli, who reiterated his buy recommendation on the company's stock and $417 price target. According to reports, Ciccarelli wrote that this is an effective move by the retailer to capture market share in the professional construction and home renovation space. He added that the buy is easily affordable with Home Depot's resources. The GMS deal seems sensible to me, too, as the professional segment is a large and important one for Home Depot -- not least because such customers (ideally) shop frequently and tend to have higher budgets than more casual consumers. If I were a Home Depot shareholder, I'd be pleased with this move. Before you buy stock in Home Depot, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Home Depot wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $722,181!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $968,402!* Now, it's worth noting Stock Advisor's total average return is 1,069% — a market-crushing outperformance compared to 177% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 30, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Home Depot. The Motley Fool has a disclosure policy. Why Home Depot Stock Edged Higher on Tuesday was originally published by The Motley Fool Sign in to access your portfolio
Globe and Mail
02-07-2025
- Business
- Globe and Mail
Why Home Depot Stock Edged Higher on Tuesday
On Tuesday, investors continued to digest Monday's news from Home Depot (NYSE: HD) that it had made a fresh acquisition. Meanwhile, several analysts felt compelled to issue updates on the stock, and these tended to be bullish. At the end of Tuesday's trading session, the company's share price was up by nearly 2% on a day when the S&P 500 index dipped by 0.1%. Shopping for large assets Home Depot kicked off the business week by announcing that it had acquired specialty building products distributor GMS via a subsidiary. The price is $110 per share in cash, valuing the equity at around $4.3 billion. Home Depot stated that the purchase will be financed through a mix of cash on hand and debt. The company said that taking on borrowings for it should not affect its goal to return to a leverage ratio of 2 by the end of its fiscal 2026. It added that owning GMS would be accretive to its non-GAAP (adjusted) per share earnings in the first year following the closing of the deal (which is expected by the end of the current fiscal year). Among the Home Depot watchers cheering the deal was Truist Securities' Scot Ciccarelli, who reiterated his buy recommendation on the company's stock and $417 price target. According to reports, Ciccarelli wrote that this is an effective move by the retailer to capture market share in the professional construction and home renovation space. He added that the buy is easily affordable with Home Depot's resources. A good deal The GMS deal seems sensible to me, too, as the professional segment is a large and important one for Home Depot -- not least because such customers (ideally) shop frequently and tend to have higher budgets than more casual consumers. If I were a Home Depot shareholder, I'd be pleased with this move. Should you invest $1,000 in Home Depot right now? Before you buy stock in Home Depot, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Home Depot wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $722,181!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $968,402!* Now, it's worth noting Stock Advisor 's total average return is1,069% — a market-crushing outperformance compared to177%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 30, 2025
Bloomberg
19-05-2025
- Business
- Bloomberg
Some Retailers Will Need to Eat Cost of Tariffs, Says Cicarelli
Scot Ciccarelli, Truist Equity Research managing director, says some retailers will have to eat the cost of higher tariffs and try to keep prices low. Several retailers, including Lowe's Cos Inc., TJX Companies Inc., and Ralph Lauren, are expected to post weaker earnings due to tariff-fueled economic anxiety and consumer pullback. He speaks on "Bloomberg Surveillance." (Source: Bloomberg)
Yahoo
16-05-2025
- Business
- Yahoo
Why Walmart Stock Topped the Market Today
Analysts wasted little time publishing bullish updates following the retailer's latest earnings release. Investors clearly took this positive outlook to heart on the final trading day of the week. 10 stocks we like better than Walmart › The market wasn't so hot on Walmart (NYSE: WMT) stock on Thursday following the company's latest quarterly-earnings release, but sentiment changed the following day. Thanks in no small part to a clutch of positive analyst updates on the company, investors snapped up Walmart again, sending it to a 3% gain on the day. With that performance, it eclipsed the 0.7% increase of the S&P 500 index. As a titan in the U.S. retail sector, Walmart is closely tracked by a platoon of stock analysts. More than a few of them weighed in on the company with updates, the bulk of which had quite the bullish tone. Several even raised their price target on the shares. One of the raisers was Truist Securities's Scot Ciccarelli, who bumped his fair value assessment on the stock to $111 per share from his preceding $107. He also maintained his buy recommendation. According to reports, the pundit felt that Walmart's opening quarter of its fiscal 2026 was a strong one, especially with its nearly 5% increase in U.S. same-store sales. He also flagged the company's reiteration of its full-year guidance despite concerns about the effect of tariffs on its fundamentals. Tariffs were the key reason why Walmart's stock slumped in the immediate aftermath of the earnings release. While I feel that investors are right to be concerned about the almost-certain detrimental effect on company finances, in the long term this company is one of the best buys in the retail sector. Management consistently proves it can grow the business -- as strongly evidenced by that nice lift in same-store sales. Even in a worst-case tariff scenario, it should find a way to thrive. Before you buy stock in Walmart, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Walmart wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $635,275!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $826,385!* Now, it's worth noting Stock Advisor's total average return is 967% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 12, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Walmart. The Motley Fool has a disclosure policy. Why Walmart Stock Topped the Market Today was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-04-2025
- Automotive
- Yahoo
Tariffs May Have Mixed Effects On Carmax, May Boost Used Car Demand Due To Pricier New Cars: Analyst
Truist Securities analyst Scot Ciccarelli reiterated a Hold rating on the shares of Carmax Inc (NYSE:KMX) with a price forecast of $88.00. CarMax delivered strong fourth-quarter results, with used vehicle same-store sales rising 5.1%, slightly below expectations but showing notable improvement from the prior quarter. Average selling prices remained steady year over year, and unit volume aligned with projections. Adjusted earnings per share were estimated at $0.64, slightly above the expected $0.62. The company reaffirmed its long-term targets but removed the specific timelines due to economic uncertainty. Tariffs are expected to have mixed effects on the business, said the analyst. As a result, tariffs may boost used car demand due to pricier new cars, but they could also potentially price out some consumers. Also Read: Walmart's Resilience Shines With Broad EBIT Forecast And Strong Growth Engines, Analyst Says RBC Capital analyst Steven Shemesh maintained an Outperform rating on the shares and lowered the price forecast from $103 to $80. CarMax outlined several encouraging developments. First-quarter same-store sales are trending in the high-single-digit range, with momentum building from February into March and April. The company continues to improve operating efficiency, leveraging SG&A expenses by 770 basis points year over year to roughly 91% of gross profit. Market share stabilized year over year, with gains in the second half of FY2025, particularly in the 0–4-year vehicle segment, said the analyst. CarMax expects its loan loss provisions to rise 40%–50% in first-quarter, hitting around $68 million, due to seasonal factors and a shift back to retaining more subprime loan volume. Management views this quarter as the likely peak, with future quarters remaining at the higher end of the $70–$105 million range, assuming stable lending conditions. The company also broadened its definition of "omnichannel sales," now covering more customer interactions, raising the metric to 67% of retail sales. Lastly, CarMax aims to increase CarMax Auto Finance penetration by 100–150 basis points by reclaiming previously outsourced loan originations. Price Action: KMX shares closed higher by 2.87% at $68.36 at last check Friday. Read Next:Photo via Shutterstock Date Firm Action From To Feb 2022 Evercore ISI Group Downgrades Outperform In-Line Jan 2022 Seaport Global Upgrades Neutral Buy Dec 2021 RBC Capital Maintains Outperform View More Analyst Ratings for KMX View the Latest Analyst Ratings Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? CARMAX (KMX): Free Stock Analysis Report This article Tariffs May Have Mixed Effects On Carmax, May Boost Used Car Demand Due To Pricier New Cars: Analyst originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
