#4 - Lowe’s Companies (NYSE:LOW)
Lowe’s Companies Inc. (NYSE: LOW) is part of a duopoly in the home improvement retail business with The Home Depot Inc. (NYSE: HD). Despite a challenging housing market, LOW stock has posted a 131.9% gain in its share price over the last five years. Much of that is due to the company’s strength in improving its contractor (PRO) channel business.
LOW stock is down over 2% in 2024 as it faces rough comparisons to 2023. However, in its most recent earnings report, Lowe’s showed comparable store growth above the company average in six out of 15 regions. And two of the strongest areas for the company were lumber and building materials, which suggests there could be a recovery in the housing sector.
Either stock could make a good addition to a list of housing stocks to buy, but as of June 3, 2024, Lowe’s looks to have a slightly better earnings outlook. Plus, the stock appears to be building support at around $210, and investors are getting a Dividend King that has increased its dividend for 52 consecutive years.
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
- $269.40
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 15 Buy Ratings, 10 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $273.84 (1.6% Upside)
