|Bid||100.09 x 1000|
|Ask||100.10 x 1000|
|Day's Range||99.42 - 100.31|
|52 Week Range||70.76 - 108.98|
|PE Ratio (TTM)||21.83|
|Earnings Date||Aug 22, 2018|
|Forward Dividend & Yield||1.92 (2.00%)|
|1y Target Est||108.28|
The World Cup began in 1930. After a 12-year break due to World War II, the soccer — oops, fútbol — tournament has been played every four years since 1950. This weekend we watched France beat Croatia 4-2 to win the 2018 World Cup.
Lowe's (LOW) has long trailed main rival Home Depot (HD), but the stock, up 7.7% year to date, has been the better performer in 2018, amid management changes and upbeat earnings. The home-improvement chain can build on that progress, says Oppenheimer's Brian Nagel. Nagel rates both Lowe's and Home Depot at Outperform, but says Lowe's is his "top pick," and raised his price target on it to $140 from $115 on Friday, adding that the "stars are aligning" for the company.
Bob Hull tried to retire about four years ago. But some changes and retirements at Lowe’s Cos. Inc. caused him to rethink his plans. Then last year, Hull was able to pull it off, retiring as CFO of Lowe’s after 14 years.
WallStEquities.com revisits the Home Improvement Stores space, whichsells a range of home repair and maintenance goods, such as hardware, tools, electrical goods, lumber, and structural material for construction and renovations. Home improvement companies purchase goods from manufacturers and wholesalers, and sell them to end users, such as do-it-yourself consumers and professional contractors. Under observation this morning are the following stocks: Floor & Decor Holdings Inc. (NYSE: FND), Lowe's Cos. Inc. (NYSE: LOW), Lumber Liquidators Holdings Inc. (NYSE: LL), and The Home Depot Inc. (NYSE: HD).
The price of stock in Primo Water Corp. (NASDAQ: PRMW) has soared in the rising home water market – from under $11 per share Nov. 1 to as high as $19.23 June 26. CEO Matt Sheehan credits much of the surge to a Black Friday sale promotion. In its first major promotional price campaign, Primo Water cut the price of its standard 5-gallon dispenser from $99 to $74 -- but only at Walmart (NYSE: WMT) stores.
In the first quarter, Lowe’s (LOW) posted EPS of $1.19 on revenue of $17.4 billion, missing analysts’ estimates of $1.22 and $17.5 billion, respectively. Despite posting lower-than-expected first-quarter earnings, Lowe’s stock rose due to reports of Bill Ackman’s Pershing Square Capital acquiring a $1 billion stake in Lowe’s. It rose 2.8% in the first half of 2018 and has risen 4.3% year-to-date. During the first quarter, outdoor sales comprised 35% of Lowe’s total sales.
Lowe’s Cos. Inc. (NYSE: LOW) announced Monday that it's tossing the chief operating officer and chief customer officer jobs along with other C-suite and lesser jobs. Marvin Ellison started his new job as CEO and president on July 2.
Shares of Lowe's (LOW) are heading higher on Tuesday, following news that the home-improvement retailer had reworked its management team. After the close Monday, Lowe's announced a new leadership structure, in which the positions of chief operating officer, chief customer officer, corporate administration executive and chief development officer were eliminated. The company said that the responsibilities associated with those titles would be redistributed to other, new positions and senior executives that report directly to Chief Executive Marvin Ellison. Analysts are weighing in on the move today.
The U.S. consumer generally remains on very solid footing. Here are several top suggestions from Credit Suisse based on consumer strength.