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LOWE'S ANNOUNCES AGREEMENT TO ACQUIRE ARTISAN DESIGN GROUP, A LEADING PROVIDER OF DESIGN, DISTRIBUTION AND INSTALLATION SERVICES FOR INTERIOR FINISHES TO HOME BUILDERS AND PROPERTY MANAGERS
Prnewswire· 2025-04-14 20:05
MOORESVILLE, N.C. and DALLAS, TEXAS, April 14, 2025 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) today announced it has entered into a definitive agreement to acquire Artisan Design Group ("ADG") for $1.325 billion. ADG is a leading nationwide provider of design, distribution and installation services for interior surface finishes, including flooring, cabinets and countertops, to national, regional and local homebuilders and property managers. Through a combination of organic growth and a series of ta ...
The Sterling Group Agrees to Sell Artisan Design Group to Lowe's Companies, Inc.
Prnewswire· 2025-04-14 20:05
Culmination of Six Year Period of Growth and Strategic Expansion in Partnership with Sterling HOUSTON, April 14, 2025 /PRNewswire/ -- The Sterling Group ("Sterling"), a middle market private equity firm, announced today that it has agreed to sell Artisan Design Group ("ADG" or the "Company") to Lowe's Companies, Inc. (NYSE: LOW) for $1.325 billion. ADG is a leading nationwide provider of design, distribution and installation services for interior surface finishes, including flooring, cabinets and countertop ...
Brokers Suggest Investing in Lowe's (LOW): Read This Before Placing a Bet
ZACKS· 2025-04-14 14:30
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Lowe's (LOW) .Lowe's currently has an average brokerage recommend ...
GAME ON: LOWE'S TO APPEAR IN MULTIPLE EA SPORTS TITLES FOR THE FIRST TIME
Prnewswire· 2025-04-11 12:00
Lowe's will show up uniquely in each game with branding across multiple gameplay experiences. In EA SPORTS College Football 26, Lowe's will be featured on the broadcast overlay of the popular Stadium Pulse placement. The Stadium Pulse dynamically showcases and builds crowd excitement as gameplay improves, drawing meaningful parallels to the passion homeowners feel when enhancing their own spaces with Lowe's. Additionally, fans of EA SPORTS FC™ and Madden NFL will be able to engage more deeply with the brand ...
Lowe's Companies: The Picture Is Improving (Rating Upgrade)
Seeking Alpha· 2025-04-03 17:22
Group 1 - The article discusses the challenges and reluctance of downgrading companies, emphasizing the desire for a bullish outlook in the investment landscape [1] - It highlights the focus of Crude Value Insights on analyzing cash flows and assessing the value of companies in the oil and gas sector [1] - The investment philosophy employed combines Benjamin Graham's principles with a contrarian approach to identify undervalued businesses [1]
Why Lowe's (LOW) is a Great Dividend Stock Right Now
ZACKS· 2025-03-31 16:45
Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus. From greatly improving stock investing profits and reducing overall portfolio risk to providing tax advantages, investors like dividends for a variety of different reasons. It's important to keep in mind that not all companies provide a quarterly payout. For i ...
Lowe's invests $2 million in additional programs to continue its support of rebuilding in Western North Carolina
Prnewswire· 2025-03-27 12:00
Core Insights - Lowe's has committed nearly $14 million to response and recovery efforts for Hurricanes Helene and Milton, supporting immediate and long-term needs in affected areas [1][2] - The company is focused on recovery solutions, including skilled trades education, to aid the region's recovery while addressing current needs [2] - Lowe's is reopening its East Asheville store after flood damage, with over 100 original employees returning, demonstrating its commitment to community support [3] Company Overview - Lowe's Companies, Inc. is a FORTUNE® 50 home improvement company with over 1,700 stores and approximately 300,000 employees, serving around 16 million customer transactions weekly in the U.S. [4] - The company reported total fiscal year 2024 sales exceeding $83 billion, highlighting its significant market presence [4] - Lowe's engages in community support through programs aimed at safe housing, community improvement, skilled trades development, and disaster relief [4] Community Initiatives - Appalachia Service Project is providing temporary housing units for hurricane-affected residents, helping them recover with dignity and resilience [6] - The National Center for Construction Education and Research is launching a Rapid Recovery Construction Academy to offer free construction training and job placement services in disaster-impacted areas [6] - Purple Heart Homes is focusing on critical home repairs for service-connected disabled veterans in disaster-affected counties [6]
Lowe's (LOW) Ascends While Market Falls: Some Facts to Note
ZACKS· 2025-03-26 22:46
Company Performance - Lowe's shares ended at $232.05, reflecting a +0.59% adjustment, outperforming the S&P 500's daily loss of 1.12% [1] - Over the past month, Lowe's shares have decreased by 4.83%, which is better than the Retail-Wholesale sector's loss of 5.39% and the S&P 500's loss of 2.91% [1] Upcoming Earnings - The upcoming EPS for Lowe's is projected at $2.89, indicating a 5.56% decline compared to the same quarter last year [2] - Revenue for the upcoming quarter is estimated at $20.97 billion, reflecting a 1.86% decrease from the equivalent quarter last year [2] Fiscal Year Estimates - For the entire fiscal year, earnings are predicted to be $12.28 per share, with a revenue estimate of $84.32 billion, showing changes of +2.33% and +0.77% respectively from the previous year [3] Analyst Estimates and Rankings - Recent revisions in analyst estimates have shown a 2.22% decline in the Zacks Consensus EPS estimate for Lowe's [5] - Lowe's currently holds a Zacks Rank of 3 (Hold), indicating a neutral outlook [5] Valuation Metrics - Lowe's is trading at a Forward P/E ratio of 18.79, which is a premium compared to the industry average of 18.53 [6] - The PEG ratio for Lowe's is currently 2.2, compared to the Retail - Home Furnishings industry's average PEG ratio of 2.04 [6] Industry Context - The Retail - Home Furnishings industry ranks in the bottom 43% of all industries, with a current Zacks Industry Rank of 145 [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]
BetterInvesting™ Magazine Update on Lowe's Cos. (NYSE: LOW) and ICON PLC (NASDAQ: ICLR)
Prnewswire· 2025-03-24 21:09
Group 1 - Lowe's has been named "Stock to Study" by BetterInvesting Magazine for its June/July 2025 issue, prompting investors to evaluate whether the stock is overvalued or within a buy range [1] - The fundamental data for Lowe's, including sales, earnings, pre-tax profit, and return on equity, is accessible through the National Association of Investors [2] - A full report on Lowe's will be featured in the upcoming June/July 2025 issue of BetterInvesting Magazine [2] Group 2 - The same issue of BetterInvesting Magazine will also include a fundamental review of ICON PLC, which is considered undervalued by the Editorial Advisory and Securities Review Committee [3] - The committee consists of several CFA members, indicating a diverse range of expertise in their evaluations [3]
Lowe's(LOW) - 2025 Q4 - Annual Report
2025-03-24 20:33
Sales and Revenue - In fiscal 2024, installed sales accounted for approximately 5% of total sales, with major contributions from categories like Kitchen & Bath, Flooring, and Appliances[31]. - Net sales for the fiscal year ended January 31, 2025, were $83,674 million, a decrease of 3.9% from $86,377 million in the previous year[217]. - Revenue from products was $80,538 million in 2025, down from $83,002 million in 2024, and $93,392 million in 2023, indicating a decline of 3.0% year-over-year[278]. - Revenue from services decreased to $1,934 million in 2025 from $2,097 million in 2024, and $2,178 million in 2023, reflecting a decline of 7.8%[278]. - Net earnings for the fiscal year ended January 31, 2025, were $6,957 million, down 9.9% from $7,726 million in the prior year, with a net earnings margin of 8.31%[218]. - Basic earnings per share for the fiscal year ended January 31, 2025, were $12.25, compared to $13.23 in the previous year[217]. Financial Performance - Gross margin for the fiscal year ended January 31, 2025, was $27,877 million, representing 33.32% of net sales, compared to 33.39% in the previous year[217]. - The company reported a decrease in selling, general and administrative expenses to $15,682 million, which is 18.74% of net sales, compared to 18.02% in the previous year[217]. - The company’s merchandise inventory increased to $17,409 million as of January 31, 2025, from $16,894 million in the previous year[219]. - The company’s interest expense for the fiscal year ended January 31, 2025, was $1,313 million, slightly down from $1,382 million in the previous year[217]. - Cash dividends declared increased to $4.55 per share, totaling $2,578 million for the fiscal year ended January 31, 2025, compared to $2,531 million in the previous year[221]. - Net cash provided by operating activities was $9,625 million for the fiscal year ended January 31, 2025, an increase of 18.1% from $8,140 million in the previous year[221]. Assets and Liabilities - Total assets as of January 31, 2025, were $43,102 million, an increase from $41,795 million as of February 2, 2024[219]. - Total liabilities as of January 31, 2025, were $57,333 million, compared to $56,845 million in the previous year[219]. - The company's long-term debt, excluding finance lease obligations, was $35,012 million as of January 31, 2025, compared to $35,411 million on February 2, 2024, reflecting a decrease of approximately 1.1%[292]. - Total lease liabilities amounted to $4,666 million as of January 31, 2025, down from $4,733 million on February 2, 2024, indicating a reduction of about 1.4%[295]. Operational Strategy - The Total Home strategy focuses on five pillars: driving Pro penetration, accelerating online sales, expanding home services, creating a loyalty ecosystem, and increasing space productivity[13][14]. - The company has expanded its Pro offerings and invested in high-volume Pro products to enhance Pro customer penetration[15]. - The company has over 120 supply chain facilities, including regional distribution centers and fulfillment centers, to support its omnichannel capabilities[27][29]. - The home improvement market is influenced by key indicators such as home price appreciation and real disposable personal income, which are monitored to assess demand[16]. Sustainability and Corporate Responsibility - In fiscal 2024, Lowe's was included in the Dow Jones Sustainability North America Index for the sixth consecutive year, reflecting its commitment to environmental, social, and operational practices[49]. - Lowe's aims to achieve net-zero emissions across its scope 1, 2, and 3 GHG emissions by 2050, with interim targets of reducing scope 1 and 2 emissions by 42% and scope 3 emissions by 25% below 2021 levels by 2030[55]. - Over the past three years, Lowe's has invested more than $300 million in projects to enhance energy efficiency, including replacing aging HVAC units and upgrading indoor LED lighting[56]. - The company has implemented a wood sourcing policy to ensure no illegal logging or deforestation, enhancing its commitment to sustainable practices[52]. - The company collaborates with the EPA's SmartWay program to reduce transportation emissions and aims for 100% SmartWay certification for its transportation providers[58]. - Lowe's continues to focus on reducing water consumption and has implemented smart irrigation controllers and leak detection technology in its operations[60]. Employee and Workplace Culture - Lowe's employs approximately 161,000 full-time and 109,000 part-time associates as of January 31, 2025, with a minimum wage starting at $15 per hour[38][40]. - Lowe's has received several employer of choice awards in fiscal 2024, highlighting its commitment to creating a positive workplace culture[37]. - More than 85% of store leadership positions were filled internally in the last year, demonstrating Lowe's focus on internal talent development[45]. - The company has shifted its diversity and inclusion initiatives to a unified program, enhancing networking and development opportunities for all associates[44]. Shareholder Returns - The total share repurchases for the year ended January 31, 2025, amounted to 15.8 million shares at a cost of $3.928 billion[321]. - The Company has $10.8 billion remaining under its $15.0 billion share repurchase program as of January 31, 2025[315]. - The Company recognized share-based payment expense of $221 million in 2024, with a total associated income tax benefit of $42 million[324].