lowes stock: About, what they Do, Stock Price, Founders, CEO, CFO, Revenue, Founded, President, Analyst Forecast, what’s New, Updates And Everything To Know
Lowe’s Companies Inc. (NYSE: LOW) is a prominent player in the home improvement retail sector. With a rich history dating back to 1921, Lowe’s has grown to become a household name, also offering a wide range of products and services for homeowners, renters, and professional customers. Here’s a comprehensive look at Lowe’s stock, its performance, and what investors should know.
Current Stock Performance
As of August 20, 2024, Lowe’s stock is trading at $243.21 per share1. The stock has seen a slight increase of $2.06 (0.85%) from the previous close of $241.151. The stock’s 52-week range is between $181.85 and $262.491, also indicating a significant fluctuation in its price over the past year.
Market Capitalization and Financial Metrics
Lowe’s has a market capitalization of approximately $138.59 billion1. The company’s price-to-earnings (P/E) ratio stands at 19.53, reflecting its valuation relative to its earnings1. Lowe’s also offers a dividend yield of 1.89%, also making it an attractive option for income-focused investors1.
Recent Financial Performance
Lowe’s has been performing well in the market, with its recent earnings reports showing solid results. The company reported a revenue of $21.36 billion for the fiscal quarter ending May 2024, despite a slight year-over-year decline2. The net income for the same period was $1.76 billion, with a net profit margin of 8.21%2.
Founders
Lowe’s was founded by Lucius Smith Lowe in 1921 in North Wilkesboro, North Carolina. The company started as a small hardware store and has since expanded into a major retail chain.
CEO
The current CEO of Lowe’s is Marvin Ellison. He has been leading the company since July 2018, bringing extensive experience from his previous roles at J.C. Penney and Home Depot2.
CFO
The Chief Financial Officer of Lowe’s is Brandon Sink. He has been with the company since 2010 and was appointed CFO in 2021. Sink oversees Lowe’s financial operations, also including accounting, financial planning, and also investor relations3.
Revenue
Lowe’s reported a revenue of $21.36 billion for the fiscal quarter ending May 20244. Despite a slight year-over-year decline, the company continues to generate substantial income from its extensive retail operations.
Founded
Lowe’s was founded in 1921 by Lucius Smith Lowe in North Wilkesboro, North Carolina. The company has grown significantly over the past century, becoming one of the largest home improvement retailers in the world.
President
The current President of Lowe’s is Joseph McFarland. He has been with the company since 2018 and plays a crucial role in overseeing Lowe’s operations and also strategic initiatives5.
Key Developments and News
Lowe’s has been in the news recently for several reasons:
- Earnings Reports: Lowe’s is set to release its second-quarter earnings report on August 20, 2024. Analysts are closely watching the results, with expectations of a slight decline in earnings2.
- Also Rebranding and Expansion: Lowe’s has rebranded its media network and also expanded its channel offerings, aiming to enhance its digital presence and also customer engagement2.
- Market Position: Despite challenges in the home improvement sector, Lowe’s has managed to surpass market returns, showcasing its resilience and strategic planning2.
Investment Considerations
Investors considering Lowe’s stock should take into account several factors:
- Strong Market Position: Lowe’s is a leader in the home improvement retail sector, with a robust product lineup and extensive market reach.
- Also Dividend Yield: The company’s dividend yield of 1.89% provides a steady income stream for investors.
- Valuation: With a P/E ratio of 19.53. Lowe’s is reasonably valued compared to its peers in the retail sector.
- Growth Potential: Lowe’s continuous efforts to expand its digital footprint and enhance customer experience position it well for future growth.
