When the stock market goes up, dividend stocks are a good way to invest because they are all-weather investments. From 1991 to 2020, dividend-paying stocks had a 13.3% monthly standard deviation and non-dividend-paying stocks had 15.7%.Bank of America predicts the S&P 500 will end 2024 between 4,700 and 4,900 points by 2024, driven by the Federal Reserve’s economic expansion, but since the index is already over 5,350, the BAC number is more of a benchmark now. What’s more, RBC and Goldman Sachs are also bul ...

Lowe’s is preparing to bring its Apple Vision Pro-powered kitchen design experience to its brick-and-mortar stores.Initially launched in February for the Apple Vision Pro, which is the tech company’s mixed-reality headset, the Lowe’s Style Studio app lets viewers explore kitchen projects and design a kitchen while immersed in a virtual 3D environment, the home improvement retailer said in a Monday (June 3) press release.In its upcoming pilot program, Lowe’s will offer this experience in stores and with the ...

Lowe's Companies, Inc. (LOW) has long been a favorite for income-seeking investors. Based in Mooresville, NC, the company boasts a robust history of consistent dividend payments, offering a reliable hedge against market volatility. Once again, the home improvement retailer has rewarded its shareholders with a dividend hike. This increase highlights Lowe's financial health and confidence in its continued growth and profitability.Lowe's board of directors raised the quarterly dividend by 5% to $1.15 per share ...

Pilot in select stores offers customers a chance to bring their dream kitchen to life with Lowe's Style Studio™CHARLOTTE, N.C., June 3, 2024 /PRNewswire/ -- Lowe's is the first home improvement retailer to offer customers an in-store, Apple Vision Pro-powered experience, with a pilot set to launch in three test markets this month. Customers can try Lowe's Style Studio™ for Apple Vision Pro firsthand, allowing them to visualize and design their dream kitchens using spatial computing and the help of a Lowe's ...

MOORESVILLE, N.C., May 31, 2024 /PRNewswire/ -- The board of directors of Lowe's Companies, Inc. (NYSE: LOW) has declared a quarterly cash dividend of one dollar and 15 cents ($1.15) per share, payable Aug. 7, 2024, to shareholders of record as of July 24, 2024. This represents a 5% increase over the company's previous dividend of one dollar and 10 cents ($1.10) per share. "While I am pleased with our continued progress toward becoming a world-class omnichannel retailer, as we transform the customer and ass ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 3, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission File Number 1-7898 LOWE’S COMPANIES, INC. (Exact name of registrant as specified in its charter) North Carolina 56-0578072 (State or ...

Lowe's (LOW) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this home improvement retailer have returned -5.5%, compared to the Zacks S&P 500 composite's +4.3% change. During this period, the Zacks Building Products - Retail industry, which Lowe's falls in, has lost 3.7%. The key question now is: What could be the stock's future direction?Although media ...

This huge retailer might be on your investing radar right now.Lowe's (LOW 0.07%) just reported revenue and earnings for its fiscal 2024 first quarter (ended May 3) that exceeded Wall Street estimates. However, shares were down about 6% two days following that announcement. Investors clearly weren't pleased.This top retail stock recently traded 17% below its peak price. It might be a good business to take a closer look at adding to your portfolio. But before doing so, learn these three must-know facts about ...

UPDATE—May 21, 2024: This article has been updated to reflect more recent share price information.Key TakeawaysLowe's reported first-quarter earnings that beat analysts' estimates, despite declining from the year-ago period amid a pullback in home-improvement spending. The company said growth in digital sales and market share among professional contractors helped partially offset a continued slowdown in sales of big-ticket items.Lowe's affirmed its full year-guidance, projecting revenue and diluted earning ...

Financial Data and Key Metrics - Q1 2024 sales were $21.4 billion, with comparable sales down 4.1% YoY [7] - Comparable transactions declined 3.1%, and average ticket was down 1% [33] - Gross margin was 33.2%, down 49 basis points YoY, driven by supply chain investments and promotions [34] - Operating margin declined 201 basis points to 12.4% [34] - Inventory ended the quarter at $18.2 billion, down $1.3 billion YoY [35] - Free cash flow was $3.9 billion, with $633 million paid in dividends and $743 million in share repurchases [35] Business Line Performance - Pro sales showed positive growth in Q1, driven by investments in service levels and expanded brand portfolio, including Klein Tools [8][9] - Online sales grew approximately 1%, with improved conversion rates offsetting pressure in big-ticket DIY categories [10] - Lawn and garden categories saw positive comp sales, driven by smaller ticket projects and the introduction of Toro products [17][18] - Building materials and repair/maintenance categories performed well, with strength in roofing, concrete, and water heaters [19][20] - DIY big-ticket categories like flooring, kitchens, and appliances continued to face pressure [21][22] Market Performance - The company saw strong performance in the West region, with rural stores outperforming other geographic locations [98][100] - Pro sales outperformed across all regions, while DIY big-ticket discretionary pressure was broad-based [99] Strategy and Industry Competition - The company is focused on its Total Home strategy, aiming to capture market share in the $500 billion Pro market, particularly with small- to medium-sized Pros [9][88] - Investments in digital transformation, including same-day delivery partnerships and the MyLowe's Rewards loyalty program, are key to enhancing customer experience [10][11][12] - The company is leveraging private brands like Sta-Green and Klein Tools to drive higher margins and customer loyalty [17][24] - Lowe's is positioning itself for market share growth when the home improvement market recovers, with ongoing investments in supply chain, IT infrastructure, and store operations [15][59] Management Commentary on Macro Environment - The macro environment remains challenging, with uncertainty around interest rates, inflation, and consumer spending on discretionary services [14] - The company expects the home improvement market to recover in the medium to long term, supported by core demand drivers [14][59] - Management remains confident in the company's ability to navigate the current environment and capitalize on future growth opportunities [15][59] Other Important Information - The company launched the MyLowe's Rewards loyalty program nationally, with early positive customer adoption [11][12] - Lowe's partnered with MLS Club Inter Miami CF and Copa America 2024 to expand its reach to soccer fans in the U.S. [13] - The company closed stores on Easter for the fifth consecutive year, supporting associate well-being [27] Q&A Summary Question: Gross margin drivers and phasing [41] - Gross margin is expected to be flat for the year, with improvements weighted towards the second half due to PPI initiatives and lower transportation costs [42][43] - Vendor callbacks are progressing, with benefits expected to flow through inventory over the next three quarters [43] Question: Big-ticket trends and recovery path [44] - Big-ticket sales (over $500) were down 7.6%, driven by DIY discretionary spending pressure, particularly in categories like appliances, kitchens, and flooring [45][46] - Pro growth is helping to offset some of the big-ticket pressure [46] Question: ROI of front-end transformation [48] - The front-end transformation is one-third complete, with improvements in customer satisfaction, associate engagement, and financial metrics like sales and payroll costs [49][50] Question: Appliance promotional strategy [51] - The company has shifted its appliance strategy to focus on single-item purchases, with innovation driving customer interest [52][53] Question: Macro outlook and comp cadence [55] - The company expects comps to improve in the second half due to easier comparisons, not necessarily a macro recovery [56][57] - Management is focused on positioning the company for long-term growth, with significant investments in supply chain, IT, and store operations [58][59] Question: Trade-off between sales and gross margin [63] - The company is focused on meeting customer demand for value, with confidence in recovering gross margin pressure in the second half [64][65] Question: DIY loyalty program impact [67] - The MyLowe's Rewards program is in early stages, with a focus on enrollment and customer engagement [68][69] - The program is expected to drive incremental trips and spending over time [69] Question: Regional trends [97] - The West region outperformed, with strong Pro sales across all regions and ongoing pressure in DIY big-ticket categories [98][99] - Rural stores continue to be the best-performing subset [100] Question: Big-ticket performance in guidance [101] - The company expects similar absolute performance in big-ticket categories, with comp improvements driven by easier comparisons [102]