Core Insights - Lowe's announced $10 million in grants through its Hometowns program, benefiting 100 projects across 88 communities in 44 states and Washington, D.C. [3] - The initiative aims to address critical community needs, including veterans services, affordable housing, and food insecurity [1][3]. Group 1: Grant Details - The grants will support various projects, such as building a community for veterans in South Dakota and transforming kitchens for children in foster care in Tennessee [1]. - The Lowe's Hometowns program is a five-year initiative with a total budget of $100 million, expected to benefit 2.5 million people within one year of project completion [3]. Group 2: Community Impact - Lowe's associates will also engage in over 1,700 community revitalization projects, contributing tens of thousands of volunteer hours [3]. - Specific projects include creating a tiny home community in Lahaina, Hawaii, and transforming an abandoned lot in Detroit into a garden and market space [4]. Group 3: Partnerships and Support - The program is supported by a partnership with Points of Light, which acts as a community impact adviser [4]. - Nonprofits often struggle to secure funding for infrastructure and community services, making these grants particularly valuable [5]. Group 4: Company Overview - Lowe's operates over 1,700 home improvement stores and reported total sales exceeding $86 billion in fiscal year 2023 [7]. - The company serves approximately 16 million customer transactions weekly and employs around 300,000 associates [7].

Company Overview - Lowe's is a well-established home improvement retailer with a market cap exceeding $130 billion and approximately 1,700 locations in the US, focusing on products for average homeowners rather than contractors [2] - The company has maintained strong price and total return performance, not reverting to pandemic-era price levels [2] Financial Performance - In Q1, Lowe's reported revenue of $21.36 billion, exceeding expectations by over $250 million, but experienced a 4.1% year-over-year decline in comparable sales and a 4.4% decrease in total revenue [5] - Earnings per share were $3.06, beating expectations by $0.11 but lower than the previous year's Q1 EPS of $3.67 [5] - The company has faced four consecutive quarters of declining comparable sales, attributed to external economic factors rather than internal issues [5] Market Conditions - Inflation remains above 3%, leading consumers to adjust spending habits and reduce expenditures, impacting Lowe's sales [6] - Nearly 50% of consumers are planning to spend less in the next three months due to rising costs, a trend affecting many consumer-dependent businesses [6] - High-interest rates are expected to further suppress consumer spending, particularly for those with variable-rate debt [7] Strategic Initiatives - To counteract lower sales, Lowe's is promoting a new loyalty program, MyLowe's Rewards, which offers incentives for customer engagement and aims to tailor offers based on purchase data [8] - The company is also expanding its Lowe's Pro supply branches to cater to professional contractors and builders [8] Dividend and Valuation - Lowe's has achieved "dividend king" status by increasing its dividend for over 60 consecutive years, with a recent raise of 4.5%, resulting in a current yield of 2% [4][9] - The dividend has grown at a compound annual growth rate (CAGR) of 19.84% over the past decade, with a yield on cost approaching 10% for long-term shareholders [9][10] - Current valuation metrics indicate that Lowe's trades near fair value, with a price-to-earnings ratio of 18.36x and a price-to-cash flow ratio of 13.85x, closely aligning with historical averages [11] Future Outlook - Analysts project an average price target of $251.14 per share, suggesting a potential upside of 9.8% from current levels [11] - The estimated fair value based on a dividend discount model is $225 per share, indicating that the stock may be trading at a slight premium [13] - The company is expected to face challenges in the near term due to macroeconomic conditions, with guidance indicating comparable sales may decline by 2% to 3% for the fiscal year [8][14]

Band's nonprofit helping funnel thousands of students into the workforce   MOORESVILLE, N.C. and SAN RAFAEL, Calif., June 24, 2024 /PRNewswire/ -- The Lowe's Foundation is partnering with Metallica's All Within My Hands and its Metallica Scholars Initiative. The Metallica foundation's nationwide program is receiving a $500,000 donation to expand its support of skilled trades training for community college students as enrollments rise at vocationally focused schools. Metallica's Foundation, All Within My ...

MOORESVILLE, N.C., June 19, 2024 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) announces that Marvin R. Ellison, chairman and chief executive officer, and Brandon J. Sink, chief financial officer, will participate in a virtual fireside chat hosted by Oppenheimer & Co. Inc. What:   Marvin Ellison and Brandon Sink to participate in virtual fireside chat hosted by Brian Nagel from Oppenheimer & Co. Inc. When:   9:00 a.m. ET on Wednesday, June 26, 2024 Where:   Visit Lowe's Investor Relations ...

Washington, DC, June 11, 2024 (GLOBE NEWSWIRE) -- On Thursday, June 13, the Thurgood Marshall College Fund (TMCF) will honor Lowe’s chairman and CEO Marvin Ellison with the TMCF CEO Impact Award. Ellison will be recognized during the inaugural CEO Impact fundraising breakfast at 8:30 a.m. at the Lowe’s Tech Hub in Charlotte, North Carolina. TMCF is proud to recognize Ellison for his dedication to championing investments in initiatives to support Historically Black Colleges and Universities (HBCUs). Lowe’s ...

Lowe's (LOW) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this home improvement retailer have returned -6.4%, compared to the Zacks S&P 500 composite's +2.9% change. During this period, the Zacks Building Products - Retail industry, which Lowe's falls in, has lost 5.2%. The key question now is: What could be the stock's future direction?While me ...

MOORESVILLE, N.C., June 11, 2024 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) today announced the promotion of Jennifer Wilson to senior vice president, chief marketing officer, effective June 10, 2024. Jennifer Wilson In her expanded role, Wilson will oversee strategic brand and product marketing, loyalty and personalization, promotional planning, creative, media and Lowe's retail media network. As CMO, she will also build out a new customer experience integration organization designed to deliver ...

Many companies directly or indirectly benefit from strong consumer spending on housing and home improvement.There are plenty of direct ways to invest in the housing market, such as homebuilders or residential construction companies. On the other hand, home improvement companies like Home Depot or Lowe's (LOW -0.81%) -- or a paint supplier like Sherwin-Williams -- indirectly benefit from strong consumer spending.Luxury homebuilder Toll Brothers (TOL -1.43%) is a direct way to play a supply/demand balance in ...

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 ...