Home Depot and Lowes End of Year Battle

Home Depot is the king of the home improvement stores in our local neck of the woods. But word has it that Lowes is gonna try to move in and comptete.

Let the great end-of-the-year home-improvement battle begin.

Lowe's (nyse: LOW - news - people ) is growing sales faster, but Home Depot (nyse: HD - news - people ) is turning them into higher profits.

So says Banc of America Securities analyst David Strasser, who points to improved profit margins thanks to a "massive IT infrastructure upgrade" in estimating that Home Depot will grow earnings by 15% to 20% when it reports for the third quarter next Tuesday.

Strasser pegs the company's estimate at 70 cents per share, two cents better than Wall Street's consensus. He set a $50 price target on the stock, which is currently trading at just above $40 per share.

--More on Lowes and Home Depot--

Posted on November 11, 2005 02:11 | Home Improvement News
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Home Depot and Lowes End of Year Battle

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