Group 1: Company Performance and Analyst Ratings - Following its third-quarter earnings report, several Wall Street analysts raised their price targets on Lowe's Companies, with Truist's Scot Ciccarelli increasing his target to $310 while maintaining a buy rating on the stock [1] - Lowe's is seen as a beneficiary of an improving outlook for home spending, driven by lower mortgage rates and an increase in home sales, which typically leads homeowners to spend on improvements [2] Group 2: Market Conditions and Trends - The home improvement sector has gained attention this year due to expectations of a falling-interest-rate environment, although market and mortgage rates have moved in the opposite direction despite Federal Reserve rate cuts [2][4] - Historical trends suggest that market rates will eventually decline, but this may take longer than what current valuations for home improvement stores imply [4] Group 3: Sales and Financial Metrics - There is ongoing pressure on larger-ticket discretionary item sales, with Lowe's expecting comparable sales to decline by 3% to 3.5% in 2024 [6] - The EV to EBITDA (Forward) ratio for Lowe's is 19.04, while for Home Depot it is 18.00, indicating competitive valuation metrics [5] Group 4: Alternative Investment Opportunities - While Lowe's and Home Depot are prominent options in the home improvement sector, their valuations suggest limited upside potential, leading to consideration of better-value alternatives such as Pentair, Whirlpool, and Owens Corning [7]

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 November 1, 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 (Stat ...

Group 1 - Lowe's is a market leader in the home improvement market, benefiting from scale, leading private label brands, and strong vendor relationships [1] - The stock price of Lowe's has seen significant gains this year, yet its valuation remains reasonable [1] - The company is recognized as a Dividend Aristocrat, indicating a strong commitment to dividend growth [1] Group 2 - The focus on dividend growth investing highlights the importance of sustainable dividend growth and capital appreciation potential in large-cap stocks [1] - There is an emphasis on the growth potential of tech and small- or mid-cap stocks, regardless of dividend status [1]

Lowe’s Companies NYSE: LOW price action pulled back from its October peak, providing a second-chance opportunity for investors. The opportunity is to add to positions or create new ones at a discounted price. Tepid results cause the pullback, but it is unlikely to get much deeper because of the company’s operational quality and the outlook for next year. Headwinds remain for Lowe’s and other retailers, but its earnings report and others show signs of consumer resilience and strength. Reports from Lowe’s, Ho ...

Lowe's Companies, Inc. (NYSE: LOW ) continues to expand its margins gradually and take market share in the home improvement space. The company benefits from long-term secular tailwinds like aging housing stock, home price appreciation, and rising disposable income; all which promote increased I hold a Master's in Accounting, am a small business owner, and am an assistant investing educator for beginning and intermediate individual investors. My investing analysis focus is on identifying and developing deep ...

MOORESVILLE, N.C., Nov. 19, 2024 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) announced today that it will hold its 2024 Analyst and Investor Conference at 8 a.m. Eastern time on Wednesday, Dec. 11 in New York City. The company will provide updates on key growth initiatives and near-term and long-term financial targets.A webcast will be available by visiting the Events & Presentations section of the Lowe's Investor Relations website, ir.lowes.com. Supplemental materials will be available at 6 a.m. ET ...

The home improvement retailer is still facing a serious economic headwind.With nothing more than a quick glance at last quarter's core numbers, shares of Lowe's (LOW -3.57%) should be higher today. Sales as well as earnings were better than expected. Dig deeper, though. Not only were the retailer's revenue and per-share profits down year over year, but the company reported its stores are still suffering shrinking sales, with no real relief in sight. The results were bad enough to leave Lowe's stock down 4% ...

Key TakeawaysBoth of the big retail companies to report third-quarter results Tuesday  morning lifted their full-year outlooks ahead of the busy holiday selling season.Walmart issued a third upgrade to its outlook since February, offering up optimism about net-profit growth. Lowe's said same-store sales were seen falling less than previously expected. Several other retailers are set to report results and, potentially, update their outlooks later this week. Some big retailers are feeling better about the en ...

Lowe's Companies, Inc. (NYSE:LOW) Q3 2024 Results Conference Call November 19, 2024 9:00 AM ET Company Participants Kate Pearlman - Vice President, Investor Relations & Treasurer Marvin Ellison - Chairman & Chief Executive Officer Bill Boltz - Executive Vice President, Merchandising Joe McFarland - Executive Vice President, Stores Brandon Sink - Executive Vice President & Chief Financial Officer Conference Call Participants Peter Benedict - Baird Steven Forbes - Guggenheim Securities Simeon Gutman - Morgan ...

Core Insights - Lowe's Companies, Inc. reported third-quarter fiscal 2024 results that exceeded the Zacks Consensus Estimate for both revenue and earnings, despite year-over-year declines in both metrics and continued weak comparable sales performance [1][3]. Financial Performance - Adjusted earnings per share for the quarter were $2.89, surpassing the Zacks Consensus Estimate of $2.82, but down from $3.06 in the same period last year [3]. - Net sales reached $20,170 million, exceeding the Zacks Consensus Estimate of $19,955 million, but reflecting a 1.5% decline year over year [4]. - Comparable sales fell by 1.1%, showing improvement from a 5.1% decline in the previous quarter, with high-single-digit growth in Pro comparable sales [4]. Profitability Metrics - Gross profit decreased by 1.4% year over year to $6,796 million, with a flat gross margin of 33.7% [5]. - Operating income fell by 5.9% to $2,536 million, and the operating margin shrank by 60 basis points to 12.6% [5]. Financial Health - As of the end of the quarter, the company had cash and cash equivalents of $3,271 million, long-term debt of $32,906 million, and a shareholders' deficit of $13,419 million [6]. - For the nine months ended November 1, 2024, Lowe's generated cash flow from operations of $8,714 million and executed a buyback of approximately 2.9 million shares, totaling $758 million [6]. Fiscal 2024 Outlook - Lowe's revised its fiscal 2024 total sales forecast to a range of $83 billion to $83.5 billion, up from the previous estimate of $82.7 billion to $83.2 billion [7]. - Comparable sales are now expected to decline by 3% to 3.5%, an improvement from the prior forecast of a 3.5% to 4% drop [7]. - The adjusted operating margin is projected to be between 12.3% and 12.4%, slightly down from the previous estimate [7]. - The forecast for adjusted earnings per share has been revised to a range of $11.80 to $11.90, up from the prior projection of $11.70 to $11.90 [8]. Stock Performance - Over the past six months, Lowe's shares have increased by 18.6%, compared to the industry's growth of 20.3% [9].