LOW - Lowe's Companies, Inc.
| Previous Close | 89.48 |
| Open | 89.99 |
| Bid | 83.01 x 1000 |
| Ask | 93.98 x 1200 |
| Day's Range | 87.67 - 93.74 |
| 52 Week Range | 81.16 - 117.70 |
| Volume | 10,837,472 |
| Avg. Volume | 5,218,792 |
| Market Cap | 73.96B |
| Beta (3Y Monthly) | 2.03 |
| PE Ratio (TTM) | 20.53 |
| EPS (TTM) | 4.49 |
| Earnings Date | Feb 27, 2019 |
| Forward Dividend & Yield | 1.92 (2.11%) |
| Ex-Dividend Date | 2019-01-22 |
| 1y Target Est | 110.57 |
- Yahoo Finance•18 hours ago
Stocks leap with signs of trade talk
Yahoo Finance's LIVE market coverage and analysis, beginning each day at 11:30 a.m. ET.
- The Wall Street Journal•10 hours ago
[$$] Lowe’s Adds $10 Billion to Stock Buyback Program
Lowe’s Cos. plans to increase its share buyback program by $10 billion, as the home-improvement retailer looks to turn investor sentiment and prove to Wall Street its business and growth plans are on solid footing. The $10 billion would be added to the $4.5 billion available as of Nov. 2 for buying back shares, Lowe’s said Wednesday at an investor conference. The announcement prompted S&P Global Ratings to cut Lowe’s credit rating to triple-B plus from A-minus, citing a less conservative financial policy from the retailer to raise shareholder returns.
- Moody's•13 hours ago
Lowe's Companies Canada, ULC -- Moody's downgrades Lowe's unsecured ratings to Baa1; P-2 commercial paper rating affirmed
Moody's Investors Service ("Moody's") today downgraded the senior unsecured ratings of Lowe's Companies, Inc. and Lowe's Companies Canada, ULC ("Lowes") to Baa1 from A3. In addition, Moody's affirmed Lowe's Companies, Inc.'s Prime-2 short-term commercial paper rating. The rating actions follow Lowes recent announcement that it intends to materially increase its return to shareholders and raise its targeted leverage ratio to 2.75x from 2.25x at a time when it continues to experience operational challenges.
- American City Business Journals•15 hours ago
Lowe's talks big plans for IT hiring, new fulfillment center out West
Marvin Ellison and his staff of seven C-level Lowe's executives outlined a long list of changes and improvements planned for Lowe’s during an analysts and investors conference Wednesday at the Mooresville headquarters.
- Market Realist•16 hours ago
Lowe’s Stock Rises on New $10 Billion Repurchase Program
Today, during its annual meeting with investors, Lowe’s Company (LOW) reiterated the guidance for 2018 that it had provided in its third-quarter earnings release on November 20. The company also provided guidance for 2019 and announced a new share repurchase program of $10 billion with no expiration date. The new buyback program is an addition to the company’s existing program, which had a balance of $4.5 billion as of November 2.
- TheStreet.com•16 hours ago
Lowe's Jumps on Announcement of $10 Billion Stock Buyback Plan
jumped 4% Wednesday after the company reiterated its 2018 financial forecast and said its board approved a $10 billion stock buyback plan. Lowe's, which has been on a cost-cutting spree and has shut underperforming stores, was meeting with analysts and investors in its hometown of Mooresville, North Carolina on Wednesday. "We have substantially completed a detailed reassessment of our business and are diligently implementing process and technology improvements that are rooted in the fundamentals of retail and designed to position Lowe's to win in today's complex retail environment," said Lowe's President and CEO Marvin R. Ellison.
- Reuters•17 hours ago
Lowe's to buy back $10 billion shares, reiterates 2018 forecast
Lowe's has been shutting underperforming stores and cutting back on slow-moving inventory, an attempt by new Chief Executive Officer Marvin Ellison to address investor concerns over its inability to compete with Home Depot Inc. The company's share buyback plan is in addition to the $4.5 billion remaining as part of its previous repurchase program. Lowe's retained its 2018 forecast sales growth of about 4 percent, while analysts were expecting a 4.11 percent rise.
- Reuters•18 hours ago
Lowe's forecasts lower-than-expected comparable store sales growth in 2019
U.S. home improvement chain Lowe's Cos Inc on Wednesday forecast comparable store sales for fiscal year 2019 that fell short of Wall Street expectations. It expects comparable store sales growth of about ...
- CNBC•18 hours ago
Lowe's shares rise as retailer announces $10 billion stock buyback, 2019 forecast
Lowe's reiterates its prior earnings forecast for fiscal 2018, and says earnings per share will rise to a range of $6.00 and $6.10 for fiscal 2019, compared with analysts' expectations for $5.90.
- PR Newswire•18 hours ago
Lowe's Outlines Areas of Strategic Focus at 2018 Analyst and Investor Conference
MOORESVILLE, N.C., Dec. 12, 2018 /PRNewswire/ -- Lowe's Companies, Inc. (LOW) is meeting today with analysts and investors in Mooresville, North Carolina to discuss its strategic priorities and near- and long-term financial targets.
- MarketWatch•22 hours ago
These Lowe’s stores are closing in the next three months
Lowe’s says it will close 47 underperforming stores and 4 other locations, including 20 stores in the U.S., as part of its plan to focus on its most profitable stores.
- Financial Times•yesterday
[$$] Lowe’s announces $10bn share buyback
The US home-improvement retailer forecast adjusted earnings per share of $6 to $6.10 for the fiscal year ending on January 31, 2020. Lowe’s also said it sees total sales increasing 2 per cent in fiscal 2019, lower than the 2.4 per cent growth expected by analysts. Lowe’s affirmed its 2018 full-year guidance, which it cut in November after posting a sharp decline in third-quarter earnings.
- InvestorPlace•2 days ago
Is Home Depot Stock the Best Housing Play?
Housing worries finally have hit Home Depot (NYSE:HD). Since then, however, Home Depot stock has fallen nearly 20% as investors worry that even the industry’s leader isn’t immune to the slowdown. Home Depot, meanwhile, is the easiest and potentially best play on renovation spend.
- American City Business Journals•3 days ago
PHOTOS: Execs talk labor force, recession at Charlotte Regional Business Alliance conference
Charlotte and the greater North Carolina economy saw steady growth in 2018, but changes are looming as the labor force tightens and economic growth slows.
