|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||184.98 - 187.32|
|52 Week Range||144.25 - 207.61|
|PE Ratio (TTM)||25.61|
|Earnings Date||Aug 14, 2018|
|Forward Dividend & Yield||4.12 (2.22%)|
|1y Target Est||211.24|
Lowe's posted disappointing quarterly earnings, blaming bad weather. But as Fred Katayama reports, the home improvement retailer is maintaining its annual profit forecast.
Jan Kniffen, J. Rogers Kniffen Worldwide Enterprises CEO, and Chris Horvers, J.P. Morgan retail analyst, discuss Marvin Ellison leaving J.C. Penney for Lowe’s as well as the state of the retail industry as earnings continue to roll in.
BANGKOK (AP) — Shares were mixed in Asia on Thursday after U.S. stocks reversed early losses and finished higher as investors appraised the Federal Reserve's signal that it is not in a hurry to raise interest rates.
William Ackman’s Pershing Square Capital Management LP is joining another activist investor in Lowe’s Cos., hoping to profit as the retailer tries to make improvements under a new chief executive. Pershing Square has built a stake in the home-improvement chain valued at roughly $1 billion as of Tuesday’s close in what is expected to be a friendly investment, according to people familiar with the matter. Lowe’s had a market value of roughly $78.3 billion at Wednesday’s close.
Today the buyers went nuts for fixer uppers and punished the consistent companies as if they hadn't a clue about how to run their businesses. when CEO John Flannery spoke at a conference today and said that the recovery for the once giant industrial is not yet at hand, something that could put the already-halved dividend in jeopardy. Now when I say "they went nuts" for the companies that have made what amounts to a quick fix, I am not kidding around.
Bill Ackman, the founder and CEO of Pershing Square Capital Management LP, revealed the position at a conference in New York on Wednesday.
Now we know why Lowe's Co. Ackman, who reportedly revealed the position at a conference in New York on Wednesday, suggested that he supports the company's incoming CEO, Home Depot veteran Marvin Ellison, who was tapped by the retailer on Tuesday. on Tuesday, May 22 set its sights on Home Depot Inc.
Do-it-yourself home improvement retailer Lowe's Companies, Inc. (NYSE: LOW) reported its first-quarter results Wednesday morning, sending the stock higher by more than 9 percent at the time of publication. Lowe's said its sales for the first quarter rose 3 percent from a year ago, aided by a comparable sales increase of 0.6 percent for the entire company and a 0.5-percent increase from the U.S. business. Comparable sales are expected to rise 3.5 percent and total sales around 5 percent.
Now we know why Lowe's Co. Ackman, who reportedly revealed the position at a conference in New York on Wednesday, suggested that he supports the company's incoming CEO, Home Depot Inc. veteran Marvin Ellison, who was tapped by the retailer on Tuesday.
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.