#3 - Lowe's Companes (NYSE:LOW)
Lowe’s Companies, Inc (NYSE:LOW)
Lowes was equally well-positioned when the pandemic hit, if not more so. After struggling with comps and revenue growth for years, Lowes’ turnaround plan really took traction during and after the pandemic. Now, with major suppliers like Simpson Manufacturing bringing their products back to Lowes shelves, the company is in a position to steal market share from Home Depot.
Regarding the 2nd quarter? Lowe’s comps jumped 32% to best Home Depot and DOUBLE the consensus estimates. Looking forward, the recently released Existing Home Sales figures guarantee sales will remain strong. The +24% reported equates to many new coats of paint, bundles of welcome mats, and truckloads of landscaping supplies. Lowe’s dividend yield is about 1.45%, and the distribution has been growing for 30 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
- $264.68
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 15 Buy Ratings, 10 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $277.92 (5.0% Upside)
