Lowe's Companies, Inc. (LOW) - NYSE
  • Jul. 31, 2015, 10:15 AM
    • Lowe's (LOW +0.5%) plans to open a new store in New York next month that is distinctive for its size and location.
    • The corner store at Broadway and 68th is only 30K square feet.
    • Execs with Lowe's believe the small-store concept could be a growth driver as the company enters new urban areas.
    • Store count guidance from Lowe's is for 15-20 openings this fiscal year.
    | Jul. 31, 2015, 10:15 AM
  • Jul. 20, 2015, 3:39 PM
    • Deutsche Bank is concerned about Q2 numbers for Home Depot (HD -0.7%) and Lowe's (LOW -1%) after digesting the last two Retail Sales reports.
    • The category which includes building materials and garden equipment only rose 0.2% Y/Y over the two months on a non-adjusted basis.
    • "With Home Depot and Lowe’s comps correlating to this quarterly data at 82% and 79%, respectively, we think this data warrants a more cautious comp outlook for the quarter," warns DB.
    • June Retail Sales report (.pdf)
    | Jul. 20, 2015, 3:39 PM | 2 Comments
  • Jul. 15, 2015, 12:36 PM
    • Moody's raises its outlook on the U.S. retail industry to Positive from Stable on its view operating income will improve by 5% to 6% over the next 12 to 18 months.
    • The ratings agency is focused on the expense side, seeing a leveraging of fixed costs and efficiency gains as helping to pad bottom lines.
    • Sectors seen leading the way for profit growth are dollar stores (FDO, DG, DLTR), drug stores (WBA, CVS, RAD), and home improvement chains (HD, LOW).
    • Related ETFs: XLY, XRT, VCR, RTH, RETL, IYK, FXD, FDIS, RCD, PMR, UGE, SZK
    | Jul. 15, 2015, 12:36 PM | 5 Comments
  • Jun. 30, 2015, 8:15 AM
    • Lowe's (NYSE:LOW) is lifted by BMO Capital to an Outperform rating from Market Perform.
    • The investment firm notes strength in the housing market across the Southeast sets up well for Lowe's due to its high concentration of stores in the region.
    • LOW +1.07% premarket to $68.25.
    | Jun. 30, 2015, 8:15 AM
  • Jun. 15, 2015, 9:00 AM
    • Wedbush upgrades Lowe's (NYSE:LOW) to an Outperform rating from Neutral.
    • The investment firm thinks on a valuation basis Lowe's looks more attractive than Home Depot.
    • Investments by Lowe's in its business and some market share pickup from the decline of Sears are tailwinds for the stock, notes Wedbush.
    • Interest rates would have to spike sharply to knock Wedbush off its bull view on the home improvement stock.
    • LOW +0.5% premarket. LOW +0.33% YTD vs. Home Depot +5.4%.
    | Jun. 15, 2015, 9:00 AM | 1 Comment
  • May 26, 2015, 12:17 PM
    • Lowe's (LOW -0.4%) is getting a boost in Canada due to the absence of Target, notes Retail Dive.
    • Though the company's expansion in the region is behind its original schedule, snapping up Target stores on the aftermarket and learning from some of the U.S. retailer's mistakes may have put it in a strategic position.
    • Previously: Lowe's snaps up 13 Target stores in Canada (May 11)
    | May 26, 2015, 12:17 PM
  • May 20, 2015, 9:14 AM
    | May 20, 2015, 9:14 AM | 3 Comments
  • May 20, 2015, 6:49 AM
    • Lowe's (NYSE:LOW) reports comparable-store sales rose 5.2%.
    • Comps for the U.S. home improvement business increased 5.3%.
    • Gross margin rate remained constant at 35.5%.
    • SG&A expense ratio decreased 60 bps to 24.16%.
    • Merchandise inventory +0.94% to $10.61B.
    • Home improvement and hardware stores +7 Y/Y to 1,843.
    • FY2015 Guidance: Sales growth: +4.5% to +5.0%; Comparable-store sales: +4.0% to +4.5%; Operating margin: +80 bps to +100 bps; Tax rate: ~38.1%; Diluted EPS: ~$3.29; New stores: 15 to 20.
    • LOW -7.0% premarket.
    • Q1 results
    | May 20, 2015, 6:49 AM
  • May 20, 2015, 6:01 AM
    • Lowe's (NYSE:LOW): Q1 EPS of $0.70 misses by $0.04.
    • Revenue of $14.13B (+5.4% Y/Y) misses by $140M.
    | May 20, 2015, 6:01 AM | 3 Comments
  • May 19, 2015, 5:30 PM
  • May 16, 2015, 10:28 AM
    • The retail sector jumps into the spotlight next week with heavyweights Target (NYSE:TGT), Home Depot (NYSE:HD), Lowe's (NYSE:LOW), and Wal-Mart (NYSE:WMT) all scheduled to report Q1 earnings.
    • Retail sales in the U.S. have only recovered slightly in March and April after dropping off from December to February. The flat M/M reading for April deflated the theory that cold weather and a West Coast port slowdown was holding back growth. Many of the rosy forecasts over the impact of sub-$3 gas prices have also been wadded up.
    • The spotlight is now back on the consumer with some some economists reviving classic Milton Friedman behavioral economics to explain the cautious spending trend - while others point to the millennial generation which is online and thrifty.
    • E-commerce accounted for over half the growth of U.S. retail sales in Q1 with a tally of $80.3B (+14.5% Y/Y). The Big 4 reporting this week will all talk e-commerce and others ways they are adapting away from the pure brick-and-mortar model.
    • Earnings conference calls from the quartet should be illuminating as analysts focus on Wal-Mart's new partnership with Alibaba and free shipping service, Target's grocery ambitions, Home Depot's pro/contractor business, and Lowe's view on SG&A.
    • Related ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, PBJ, IYK, IYC, FXD, PEJ, FDIS, RHS, FSTA, SCC, UCC, RCD, PMR, PEZ, UGE, PSL, PSCC, PSCD, SZK.
    | May 16, 2015, 10:28 AM | 11 Comments
  • May 11, 2015, 9:08 AM
    • Lowe's (NYSE:LOW) buys out 13 Target stores in Canada for C$151M ($125M) at an auction.
    • The company operates 38 stores in the region through Lowe's Canada.
    | May 11, 2015, 9:08 AM
  • May 4, 2015, 9:33 AM
    | May 4, 2015, 9:33 AM | 2 Comments
  • May 1, 2015, 9:30 AM
    • Xuhua Zhou, who raised the original red flag on Lumber Liquidators' floors back in 2013, says Lowe's (NYSE:LOW) floors are riddled with  the same formaldehyde issues that sent LL's stock into a tailspin after the infamous 60 Minutes segment on March 1.
    • Independent tests show that one of Lowe's floors scores 10x the allowed formaldehyde threshold. To put that in context, 60 Minutes tested 31 samples from Lumber Liquidators; Lowe's Chocolate Cherry Hickory would have been the third worst of all 31 samples. The results from Lowe's were 1.134 ppm. The CARB 2 threshold is 0.11 ppm.
    • 60 Minutes seems to have taken Global Community Monitor's testing of Home Depot (NYSE:HD) and Lowe's products at face value, and did no independent testing. Still, Zhou's research suggests that Home Depot's flooring is CARB 2 compliant.
    • Source: Lowe's Laminate Flooring May Have Issues Similar To Lumber Liquidators'
    • Note: LOW puts were 20x more active than usual yesterday
    • Got a news tip or analyst note you'd like to see us cover? Send it to tips@seekingalpha.com.
    | May 1, 2015, 9:30 AM | 42 Comments
  • Apr. 16, 2015, 11:25 AM
    • Lowe's (LOW +1.5%) is upgraded to an Overweight rating by Piper Jaffray and assigned at price target of $88.
    • Positive factors seen for Lowe's include a forecast for increased spending on housing projects in the U.S. and solid housing turnover trends.
    • Piper takes EPS estimates for FY15 and FY16 to $3.41 and $4.18 respectively vs. $3.31 and $3.94 consensus.
    | Apr. 16, 2015, 11:25 AM
  • Mar. 23, 2015, 4:18 PM
    • Lowe's (NYSE:LOW) announces the board has approved a new $5B share repurchase plan.
    • The new buyback allowance adds to an existing share repurchase plan which still had $2.4B of firepower left on it as of January 30.
    | Mar. 23, 2015, 4:18 PM
Company Description
Lowe's Cos., Inc. is engaged in the retail sale of home improvement products. The company offers products for maintenance, repair, remodeling, home decorating and property maintenance. It also offers home improvement products in the following categories: appliances, bathroom, building supply,... More
Sector: Services
Industry: Home Improvement Stores
Country: United States