|Bid||185.54 x 900|
|Ask||185.59 x 900|
|Day's Range||185.00 - 187.32|
|52 Week Range||144.25 - 207.61|
|PE Ratio (TTM)||25.43|
|Forward Dividend & Yield||4.12 (2.22%)|
|1y Target Est||N/A|
Lowe's posted disappointing quarterly earnings, blaming bad weather. But as Fred Katayama reports, the home improvement retailer is maintaining its annual profit forecast.
The “Squawk on the Street” crew discusses Marvin Ellison’s departure from at J.C. Penney as he heads to take the top spot at Lowe’s.
Lowe's "soft quarter" was not totally unexpected because of weather, says Brian Nagel, Oppenheimer analyst, breaking down Lowe's quarterly results and providing his take on Marvin Ellison taking the top executive position at the home improvement retail...
Allen Questrom, former J.C. Penney chairman and CEO, discusses Marvin Ellison moving from the top job at the retailer to CEO at Lowe's.
CNBC’s Courtney Reagan reports the latest on J.C. Penney CEO Marvin Ellison’s announcement that he will be taking on the CEO role over at Lowe’s.
Lowe's first quarter did not have Spring in its step. jumped up about 9% Wednesday, May 23, even though the home improvement titan reported that it had just missed first-quarter earnings expectations. The lower-than-expected results emerged after Lowe's shares shot up temporarily on Tuesday to a high of $90.13 a share on news that the chain had snagged Home Depot veteran Marvin Ellison as its new CEO, effective July 2.
The Home Depot Inc (NYSE:HD) trades with a trailing P/E of 24.2x, which is higher than the industry average of 19.4x. While HD might seem like a stock to avoidRead More...
While entering the NFL Owner's Meeting Tuesday afternoon at the Whitley Hotel in Buckhead, Blank told 11Alive that he was confident in the All-Pro receiver's long-term stability with the organization.
A surprise exit by its CEO may seem like a problem for J.C. Penney, but it offers a chance for the company to finally hire the right person for the job.
Stocks finished lower on Tuesday as Wall Street reacted to a significant move on trade tariffs from China. China's Finance Ministry said Tuesday that it would slash import tariffs on automobiles into the world's biggest car market in what could be the most significant step by officials in Beijing to placate demands made by President Donald Trump to trim the country's multi-billion trade surplus with the U.S. The Dow Jones Industrial Average, S&P 500 and Nasdaq all finished lower. said Tuesday that CEO Marvin Ellison resigned and joined Lowe's Cos.
Earnings per share of 96 cents came up six cents per share short of expectations. Not included in the headline number was TXJ’s $1.13 in earnings per share, which includes a 17 cent per share gain from the Tax Cuts and Jobs Act.
on Tuesday said it's was snagging Marvin Ellison, the current CEO of J.C. Penney JCP, as its new chief executive. A key reason Ellison was chosen for the job: His experience at Lowe's number one rival, Home Depot. Ellison spent about 12 years at Home Depot, in various senior roles, until 2014, including a stint as executive vice president.
Ken Langone, the co-founder of Home Depot, is worth $3.3 billion, but he’s still frugal, he says.
J.C. Penney's Chief Executive Officer Marvin Ellison is leaving the struggling retailer to join home improvement chain Lowe's Cos Inc, the companies said on Tuesday, sending shares in the U.S. department store chain down as much as 8 percent to an all-time low. Ellison came to Penney in 2014 with a strong reputation honed through 12 years at Lowe's biggest competitor, Home Depot Inc. Shares of Lowe's gained 3 percent on the news before retreating.
Earlier this morning, Lowe’s Companies, Inc. (LOW) announced that it was hiring J C Penny Company Inc.’s (JCP) CEO Marvin R. Ellison as its President and CEO, effective July 2. While many investors may immediately write this hire off, since JC Penney is running neck and neck with Sears (SHLD) for least favorite retail stock, this is actually a very good hire for Lowe’s, because before Mr. Ellison decided to try and save JC Penney from late 2014 until now, he worked for Home Depot Inc. (HD) for 12 years from 2002 to 2014. Frankly, I am not sure anyone could have saved JC Penney. The highest position Mr. Ellison held at Home Depot was Executive Vice President of U.S. Stores, and he was one of the frontrunners to take over as CEO following Frank Blake’s retirement, but Craig Menear ended up getting the job. So we view this as a positive for Lowe’s, despite the negative reaction in the stock (down 1% after being up).
Did the Consumer Sector Fail to Impress Last Week? The revenue increased 4.4% to $122.6 billion and surpassed the consensus estimates by 1.8%. The company reported an EPS (earnings per share) of $1.14—compared to $1.00 in the first quarter.
Ellison left Home Depot to serve as J C Penney Company Inc (NYSE: JCP) CEO-designee in 2014 and has led the company since then. During Ellison's tenure at JC Penney, the executive oversaw the retirement of $1.4 billion in debt, renewed and enhanced its revolving credit facility and improved its overall financial position, JC Penney Lead Independent Director Ronald W. Tysoe said in a press release.
J.C. Penney CEO Marvin Ellison, a former Home Depot executive, is leaving the department store chain after less than four years to become the top executive at Lowe's. The announcement Tuesday, just days after J.C. Penney released disappointing results, sent its shares down more than 3 percent. Ellison, one of only a few African-American CEOs at a Fortune 500 company, will succeed Robert Niblock at Lowe's on July 2.
Marvin Ellison replaces Robert Niblock, who’s leaving Lowe’s after activist investors were named to the company’s board of directors.
J.C. Penney's CEO is leaving the company to become the top executive at Lowe's. The announced departure of Marvin Ellison on Tuesday sent shares of the besieged department store tumbling more than 12 percent ...