Latest news with #ZacharyFadem
Yahoo
06-07-2025
- Business
- Yahoo
Wells Fargo Reduced the PT on Lowe's Companies (LOW), Maintained a Buy Rating
Lowe's Companies, Inc. (NYSE:LOW) is one of the . On June 23, analyst Zachary Fadem from Wells Fargo reduced the price target on Lowe's Companies, Inc. (NYSE:LOW) from $300 to $260, while reiterating a Buy rating on the stock. The rating comes after the company posted mixed results for its Q1 2025. Lowe's Companies, Inc. (NYSE:LOW) posted a revenue of $20.93 billion, reflecting a 2.03% decline year-over-year and below expectations by $29.64 million. However, the EPS of $2.92 topped the analysts' target by $0.04. Management noted the decrease in comparable sales to be impacted by the unfavorable weather conditions early in the quarter, but was partially offset by mid-single-digit growth in professional and online sales. A family excitedly browsing through the aisles of a home improvement retail store. Despite the mixed results, Lowe's Companies, Inc. (NYSE:LOW) reaffirmed its fiscal 2025 guidance and continues to expect sales ranging from $83.5 billion to $84.5 billion with comparable sales in a range of flat to up 1%. The operating margin is expected to be in the range of 12.3% to 12.4%. Lowe's Companies, Inc. (NYSE:LOW) is a leading home improvement retailer. Its services and products range from construction, maintenance, repair, remodeling, and decorating projects. While we acknowledge the potential of LOW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.
Yahoo
06-07-2025
- Business
- Yahoo
Wells Fargo Reduced the PT on Lowe's Companies (LOW), Maintained a Buy Rating
Lowe's Companies, Inc. (NYSE:LOW) is one of the . On June 23, analyst Zachary Fadem from Wells Fargo reduced the price target on Lowe's Companies, Inc. (NYSE:LOW) from $300 to $260, while reiterating a Buy rating on the stock. The rating comes after the company posted mixed results for its Q1 2025. Lowe's Companies, Inc. (NYSE:LOW) posted a revenue of $20.93 billion, reflecting a 2.03% decline year-over-year and below expectations by $29.64 million. However, the EPS of $2.92 topped the analysts' target by $0.04. Management noted the decrease in comparable sales to be impacted by the unfavorable weather conditions early in the quarter, but was partially offset by mid-single-digit growth in professional and online sales. A family excitedly browsing through the aisles of a home improvement retail store. Despite the mixed results, Lowe's Companies, Inc. (NYSE:LOW) reaffirmed its fiscal 2025 guidance and continues to expect sales ranging from $83.5 billion to $84.5 billion with comparable sales in a range of flat to up 1%. The operating margin is expected to be in the range of 12.3% to 12.4%. Lowe's Companies, Inc. (NYSE:LOW) is a leading home improvement retailer. Its services and products range from construction, maintenance, repair, remodeling, and decorating projects. While we acknowledge the potential of LOW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
01-07-2025
- Business
- Yahoo
Home Depot goes after pro market with $4.3B acquisition
This story was originally published on Retail Dive. To receive daily news and insights, subscribe to our free daily Retail Dive newsletter. The Home Depot is again bolstering its offering for pro customers. The home improvement company has struck a deal for its subsidiary SRS Distribution to acquire specialty building products distributor GMS Inc, subject to customary closing conditions. A subsidiary of SRS will purchase all outstanding shares of GMS' common stock for $110 per share for a total equity value of about $4.3 billion. 'Acquiring GMS represents a next logical step in [Home Depot's] deep dig into the Pro distribution channel,' Wells Fargo analysts led by Zachary Fadem said in emailed comments Monday. The deal, which is expected to close by the end of this fiscal year, will be funded through cash on hand and debt. Including debt, the transaction is valued at about $5.5 billion, the companies announced Monday. "The combination of GMS and SRS will provide the residential and commercial Pro customer with more fulfillment and service options than ever before,' Dan Tinker, CEO of SRS, said in a statement. 'Together, we'll create a network of more than 1,200 locations and a fleet of more than 8,000 trucks capable of making tens of thousands of jobsite deliveries per day.' This move is expected to accelerate SRS's goals of becoming a multi-category building distributor. GMS' business focuses on specialty building materials, including drywall, ceilings, steel frames and other products for residential and commercial construction and remodeling projects. It will also expand SRS' distribution footprint in the U.S. and Canada, the company said in its announcement. This also strengthens Home Depot's position among pro customers. The home improvement retailer last year acquired SRS — which serves roofing, landscaping and pool contractors — for about $18.25 billion. At the time, Home Depot said the acquisition expanded its total addressable market by $50 billion to about $1 trillion. "The Home Depot acquired SRS as a platform for growth, and SRS continues to demonstrate exceptional execution and strong performance," Home Depot CEO Ted Decker said in a statement. "In our first year of working together, we've captured significant synergies, including cross-selling new products and service offerings to both Home Depot and SRS customers, advancing Home Depot's enterprise trade credit program through the SRS platform, and many other initiatives designed to drive the customer value proposition and operational efficiency. This success gives us confidence that the addition of GMS to the SRS platform will allow us to create even greater value for our customers." Home Depot and rival Lowe's have been working to win over the pro customer segment in recent years. Earlier this year, Home Depot appointed long-time company veteran Michael Rowe as its executive vice president of pro, tasked with growing the retailer's pro business. To better serve those customers, Home Depot also opened four distribution centers stocked with big and bulky products, including lumber, insulation and roofing shingles. Its agreement for SRS to acquire GMS, however, comes at a time when home improvement retailers feel the pressures of a slowing housing market. During the first quarter of this year, home sales declined 3.1% year over year, according to research from GlobalData. For Home Depot, the retailer reported Q1 net sales grew 9.4% year over year to $39.9 billion, while comparable sales fell 0.3%. Billy Bastek, executive vice president of merchandising, said on a call in May that pro comp sales were positive during the quarter and outpaced DIY customer sales. Recommended Reading Beyond Inc. acquires Zulily brand for $4.5M 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
Business Insider
30-05-2025
- Business
- Business Insider
Wingstop (WING) Receives a Buy from Wells Fargo
In a report released today, Zachary Fadem from Wells Fargo maintained a Buy rating on Wingstop (WING – Research Report), with a price target of $375.00. The company's shares opened today at $337.75. Confident Investing Starts Here: According to TipRanks, Fadem is a 5-star analyst with an average return of 9.8% and a 60.72% success rate. Fadem covers the Consumer Cyclical sector, focusing on stocks such as Wingstop, AutoZone, and Best Buy Co. In addition to Wells Fargo, Wingstop also received a Buy from Truist Financial's Jake Bartlett in a report issued on May 27. However, on May 14, Truist Financial maintained a Hold rating on Wingstop (NASDAQ: WING). The company has a one-year high of $433.86 and a one-year low of $204.00. Currently, Wingstop has an average volume of 894.6K. Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WING in relation to earlier this year. Earlier this month, Michael Skipworth, the President & CEO of WING sold 10,000.00 shares for a total of $3,373,343.00.
Yahoo
24-05-2025
- Business
- Yahoo
Wells Fargo reiterates Buy Rating on Home Depot (HD)
Reaffirming his positive view, Wells Fargo analyst Zachary Fadem kept a Buy rating on The Home Depot Inc. (NYSE:HD) shares on May 21. After stronger Q1 2025 results, the analyst became more confident that the company would achieve its guidance for 2025, especially after the management mentioned that the sales momentum from the last two months continued in the second quarter. Management also noted that the worst is behind regarding economic headwinds, and they do not expect broad price increases from tariffs. The company's better-than-expected comparable sales and growing online sales encouraged the analyst. Home Depot reported Q1 2025 sales of $39.9 billion (+9.4% year-over-year), which matched expectations, but adjusted EPS of $3.56 modestly missed consensus. Comparable sales in the quarter decreased 0.3%. On a positive note, Home Depot reiterated its guidance of total sales growth of around 2.8% and comparable sales growth of around 1%, indicating consumer spending is still holding up well. However, consumers are deferring larger projects as interest rates remain high and prefer taking up smaller projects. The company also expects that, within a year, no country outside the United States will account for over 10% of its total purchases, thus diversifying its supply chain. Overall, the analyst believes that Home Depot has several levers, such as pricing, inventory, and supply chain management, which should support earnings growth. As a result, he reiterated his Buy rating. The Home Depot Inc. (NYSE:HD) is a home improvement retailer that offers a wide range of building materials, home improvement, lawn, and garden products, DIY ideas, installation, repair, and other services. While we acknowledge the potential of HD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than HD and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. 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
