A Big DIY Retailer Went Chapter 11, But These Two Dividend-Paying Home Improvement Stocks Are Primed To Rebound

Benzinga08-14

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In the case of a recent bankruptcy, it appears to be a little of both.Lumber Liquidators  filed for Chapter 11 bankruptcy and announced the closing of 94 stores across 31 states. The company cited a challenging macroeconomic environment as one of the reasons for the bankruptcy. Inflation, rising labor costs, and changes in customer spending have hurt the business. The company currently has $500 million to $1 billion in assets and owes $100 million to $500 million.Trending: A billion-dollar investment strategy with minimums as low as $10 — you can become part of the next big real estate boom today.This is a paid advertisement. Carefully consider the investment objectives, risks, charges and expenses of the Fundrise Flagship Fund before investing. This and ot","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4127":"投资银行业与经纪业","LU0823411888.USD":"法巴消费创新基金 Cap","LU0079474960.USD":"联博美国增长基金A","LU0312595415.SGD":"Schroder ISF Global Climate Change Equity A Acc SGD","HBCP":"Home合众银行","LU0098860793.USD":"FRANKLIN INCOME \"A\" INC","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU1093756325.SGD":"FTIF - Franklin K2 Alt Strat Fd A (acc) SGD-H1","BK4532":"文艺复兴科技持仓","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4191":"家用电器","LU0868494708.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) INC","LU0267386448.USD":"FIDELITY FIRST ALL COUNTRY WORLD \"A\" (USD) INC","LU0321505868.SGD":"Schroder ISF Global Dividend Maximiser A Dis SGD","BK4534":"瑞士信贷持仓","BK4567":"ESG概念","LU0234572021.USD":"高盛美国核心股票组合Acc","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LOW":"劳氏","SWK":"美国史丹利公司","BK4533":"AQR资本管理(全球第二大对冲基金)","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU2275660780.HKD":"SCHRODER ISF GLOBAL CLIMATE CHANGE EQUITY \"A\" (HKD) ACC","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","LU0225771236.USD":"SCHRODER ISF GLOBAL EQUITY YIELD \"A\" (USD) INC MF","BK4566":"资本集团","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","BK4195":"互助储蓄与抵押信贷金融服务","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0106831901.USD":"贝莱德世界金融基金A2","LU1674673691.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AD\" (USD) INC","BK4550":"红杉资本持仓","WHR":"惠而浦","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","LU1929549753.HKD":"FRANKLIN INCOME \"A\" (HKD) INC","LU1778281490.HKD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AD\" (HKD) INC","LU0321505439.SGD":"Schroder ISF Global Dividend Maximiser A Acc SGD","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","BK4083":"家庭装潢零售","LU0354030511.USD":"ALLSPRING  U.S. LARGE CAP GROWTH \"I\" (USD) ACC","SG9999001440.SGD":"United Global Dividend Equity Fund A SGD Dist","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","LU0354030438.USD":"富国美国大盘成长基金Cl A Acc","LU1093756168.USD":"FRANKLIN K2 ALTERNATIVE STRATEGIES \"A\" (USD) ACC","HD":"家得宝","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD"},"translate_title":"一家大型DIY零售商违反了美国破产法第11章，但这两只派息家居装修股已准备好反弹","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SWK":1,"HBCP":1,"HD":1,"LOW":1,"LL":1,"WHR":0.9},"content_text":"Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.\nWhen one business in a category is experiencing major turmoil, investors want to know if the issue is in the business or the sector. In the case of a recent bankruptcy, it appears to be a little of both. \nLumber Liquidators (NYSE:LL) filed for Chapter 11 bankruptcy and announced the closing of 94 stores across 31 states. The company cited a challenging macroeconomic environment as one of the reasons for the bankruptcy. Inflation, rising labor costs, and changes in customer spending have hurt the business. The company currently has $500 million to $1 billion in assets and owes $100 million to $500 million. \nTrending: A billion-dollar investment strategy with minimums as low as $10 — you can become part of the next big real estate boom today.This is a paid advertisement. Carefully consider the investment objectives, risks, charges and expenses of the Fundrise Flagship Fund before investing. This and other information can be found in the Fund's prospectus. Read them carefully before investing.\nConsumer behavior over the past two years has created a challenge for many retailers in the home improvement space. After the pandemic, travel surged, and spending on home décor and big-ticket items plummeted. While there are signs that this is starting to improve and could rebound in 2025, we also have an economy where consumers are watching their wallets closely. \nWhat is happening with Lumber Liquidators is likely not a referendum on home improvement in general. While the business is strongly cyclical, these companies tend to be solid investments for the long haul. Home Depot (NYSE:HD) and Lowe's (NYSE:LOW) command most of the headlines regarding home improvement and upcoming earnings, which should show the strength of the overall market. Other more niche dividend-paying stocks in the home improvement space are down now but could rebound as the housing market and consumer behavior change. \nWhirlpool Inc. \nWhirlpool (NYSE:WHR) is a well-known appliance brand. Potential investors may not know that its dividend yield is 7.52% and its annual payout is $7.00. The stock has been battered by the market, down by over a third this year. The company reported earnings recently, and appliance sales were down. The company also lowered its earnings target to $12 for the year from $13 to $15, although it reaffirmed its revenue guidance. Whirlpool is not expecting a turnaround in the second half of the year. Speaking to analysts, CEO Marc Bitzer explained that home sales are one of the biggest drivers for appliance purchases and the reason for the lowered guidance: \"The number one cause is the delay of housing recovery.\"\nDon’t Miss:\n\nInvesting in private credit could potentially unlock APY up to 20%, with benefits like shorter term durations and diversified returns – Find out more if you're an accredited investor.\nInvestor alert: Triple-net properties can put a check in your pocket every quarter—a can’t-miss opportunity for accredited investors.\n\nStanley Black & Decker Inc.\nWith a variety of popular tool and equipment brands under its umbrella, Stanley Black & Decker (NYSE:SWK) is a stalwart in the home improvement world, catering to professionals and do-it-yourselfers alike. It has a dividend yield of 3.46% and an annual payout of $3.28. For the second quarter, revenue matched expectations and was down 3% year over year. The company is in an ambitious cost-reduction program to save $1.5 billion by the end of 2024. Organic revenue for power tools declined 2%, but outdoor organic revenue grew 6% as the company is seeing strong demand for handheld cordless outdoor power equipment. Like Whirlpool, it is expecting the year’s second half to be slow going. Currently, Stanley Black & Decker focuses on the professional market, which is stronger than the consumer market. Interest rate shifts are likely to have a positive impact on the business. Speaking to analysts, Chief Operating Officer Chris Nelson said, \"I think it’s safe to say that whether it’s professional or the consumer, which you could argue, partially driven by repair and remodel, are all fairly interest-rate-sensitive businesses. And that would be the precursor to what we think would be the start of the inflection point.\"\nBoth companies agree that consumers are still spending less on home improvement items than they did several years ago. The most recent earnings show that there is still a bumpy road ahead. However, companies with solid brand names and established reputations, like Whirlpool and Stanley Black & Decker, could benefit when people start remodeling their homes again and spending money. \nSee More:\n\nThe total net worth of these five entrepreneurs is $223 billion – they all believe in one company where you can lend money to companies at 7-9% APY.\nElon Musk and Jeff Bezos are bullish on one city that could dethrone New York. Investing in its booming real estate market has never been more accessible.\n\nThis article A Big DIY Retailer Went Chapter 11, But These Two Dividend-Paying Home Improvement Stocks Are Primed To Rebound originally appeared on Benzinga.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2459104816"}