#8 - Lowe’s Companies Inc. (NYSE:LOW)
Lowe’s Companies Inc. (NYSE: LOW) - When the financial crisis hit, the DIY segment got crushed as housing prices decreased and consumer confidence plummeted. However, even as this bull market moves into its ninth year, the DIY market continues to show strength as consumer confidence remains high and is being supported by high employment and rising home prices. Beyond its strong customer base of “do-it-yourself” homeowners, Lowe’s enjoys strong relationships with the “do-it-for-me” contractors and the construction trades. Add to that a nationwide network of stores, and their breadth of product and it becomes clear that Lowe’s has some key competitive advantages in this space. The prospect of revenue growth should help the company garner investment interest which it already gets from its record of issuing increasingly larger dividends. In fact, in the last five years, their dividend has increased by 17%. The stock has made an impressive gain in 2018, bouncing off lows near $75 per share to their current level of $114 per share.
About Lowe's Companies
Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.
Read More - Current Price
- $261.94
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 14 Buy Ratings, 11 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $271.60 (3.7% Upside)
