Seeking Alpha

LOW
Lowe's Companies, Inc.

5/26/2012, 12:12 PM ET
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LOW Market Currents more »
  • Tuesday 6:10 PM Think housing will improve? Buy truckers, KeyBanc's Todd Fowler suggests. “All the freight required to build a new home has a very positive impact on trucking activity," he says, noting each new residence requires 5-8 truckloads to transport supplies such as lumber, roofing materials and interior furnishings. Fowler likes KNX, WERN and CGI, plus retailers HD and LOW.
    Comment!
    [Quick Ideas]
  • Tuesday 1:02 PM Shares of Home Depot (HD +1.4%) and Lowe's (LOW +1.3%) trade higher after existing home sales came in strong for April and provide a whisp of optimism after both names have fallen off over the last month. SA author Kraken says the lack of momentum with the pair of home improvement giants is because the stocks were priced for a recovery - an event that hasn't materialized yet.
    Comment!
    [On the Move, Consumer]
  • Tuesday 6:25 AM Piper backtracks on a recent upgrade of Lowe's (LOW) after yesterday's guidance blunder, shuffling LOW to Neutral from Overweight, and reducing price-target to $28 from $41. "We still expect home remodeling growth to run above GDP growth for 2012-3, but no longer believe LOW is fully participating in the remodeling cycle," firm says. Shares -10% Monday to $25.60.
    1 Comment
    [Consumer, Quick Ideas]
  • Monday 9:10 AM Premarket gainers: CBE +25%. JMBA +12%. RDN +8%. VELT +6%.
    Losers: RENN -9%. LOW -6%.
    Comment!
    [On the Move]
  • Monday 7:21 AM Shares of Lowe's (LOW) slip 3.1% in premarket trading after the company's tepid guidance overrides its Q1 earnings beat. CEO Robert Niblock says that although mild weather drove sales higher, demand for seasonal products trended slower near the end of the quarter.
    Comment!
    [On the Move, Consumer]
  • Monday 6:44 AM More on Lowe's (LOW) Q1: Comparable store sales +2.6%, with U.S. comparable store sales +2.7%. Gross margin slipped to 34.70%, from 35.44% a year ago. Plans to open 10 stores in FY12. Total sales expected to increase 1%-2% in FY12 and EPS forecast to fall in a range of $1.73 to $1.83. (PR)
    Comment!
    [Consumer]
  • Monday 6:41 AM Lowe's (LOW): Q1 EPS of $0.44 beats by $0.03. Revenue of $13.2B (+7.9% Y/Y) beats by $200M. (PR)
    Comment!
    [Earnings]
LOW in Focus more »
LOW Instablog posts more »
  • Barchart Morning Call 5/21
    Mon, May 21 • Jim Van Meerten • Comment!
  • Dividend Aristocrats With Double-Digit Growth Potential
    Sat, May 19 • Dividend Sheet • Comment!
  • My Long-Term, Enhanced Investing-For-Income Strategy Discussion And Concentrator Blog
    Sun, May 6 • K202 • 17 Comments
  • 2 Sectors Looking Better Than You Think
    Wed, Apr 25 • Kate Stalter • Comment!
  • Best Yields With Ex-Dividend Day April 23 - 29, 2012
    Sat, Apr 21 • Dividend Sheet • Comment!
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Company Description

Lowe’s Companies, Inc. and subsidiaries (the Company) is a Fortune 50 company and the world’s second largest home improvement retailer. As of January 30, 2009, we operated 1,638 stores across 50 states and 11 stores in Canada. Our 1,649 stores represent approximately 187 million square feet of... More