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Lowe's Companies, Inc. (LOW)

  • May 21, 2012, 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.
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  • May 21, 2012, 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)
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  • May 21, 2012, 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)
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  • May 21, 2012, 12:05 AM
    Notable earnings before Monday’s open: CPB, LOW
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  • May 20, 2012, 5:30 PM
    Notable earnings before Monday’s open: CPB, LOW
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  • May 15, 2012, 1:23 PM
    Lowe's (LOW +0.2%) overcomes a weak open in the wake of Home Depot's uninspiring Q1 report to move back into positive territory, but Canaccord Genuity's Laura Champine remains a skeptic. She says the home improvement giant is "playing catchup" to its rival and expects Lowe's same-store sales to underperform.
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  • May 7, 2012, 6:59 AM
    Morgan Stanley upgrades Lowe's (LOW) to Overweight with a price target of $38 - repping 22% upside potential for shares. Analysts with the firm cite improving margins and industry fundamentals as drivers for share improvement, while an unimpressed Brain Sozzi from NBG Productions says the MS call is a catchup move after LOW already shot up 22.5% YTD.
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  • Apr. 18, 2012, 1:57 PM
    UBS raises up EPS estimates on Lowe's (LOW -0.1%) after meeting with execs with the firm. Analysts maintain a Buy rating and take its price target up by $2 to $37, saying that they see the home improvement giant's outlined strategy helping it gain competitive positioning and become a leading omni-channel retailer.
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  • Apr. 17, 2012, 6:34 AM
    Lowe's (LOW) says that it expects to ring up $2B from a note offering consisting of $500M of 1.625% Notes due 2017, $750M of 3.12% Notes due 2022, and $750M of 4.65% Notes due 2042. The company plans to apply the net proceeds to general corporate purposes, which may include buybacks and acquisitions.
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  • Apr. 16, 2012, 2:10 PM
    BuildFax's home remodeling index climbed to 2.89M projects in February data, up 3% M/M and 23% Y/Y, marking a post-recession high and coinciding with Piper Jaffray's survey suggesting pent-up consumer demand for home improvements. The index is based on construction permits for residential remodeling projects filed with local building departments. HD +1.7%, LOW +1.2%.
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  • Apr. 16, 2012, 6:44 AM
    Piper Jaffray weighs in on home improvement giants Home Depot (HD) and Lowe's (LOW), taking its rating on both companies up to Overweight from Neutral. The bullish optimism was prompted by a proprietary survey from the firm that indicates homeowners want to spend more on home improvements this year.
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  • Apr. 3, 2012, 3:16 PM
    After getting clobbered by rival Home Depot on same-store sales growth for 11 straight quarters, Lowe's (LOW -1.1%) says its pulling out all the stops to win back customers. Two areas in particular targeted by the home improvement giant for growth are e-commerce - which could account for 5%-10% of sales within 5 years - and aggressive expansion in Canada, according to CFO Robert Hull.
  • Mar. 26, 2012, 3:18 PM
    Richard Mayo is the latest in a long line of managers who see dividends as the place to be, believing a portfolio of growth stocks will be a loser's bet in a slow-growth economic environment. A surprising source for dividends is big retailers, such as CVS, which Mayo sees as a “mature” retailing company but one churning out free cash flow of $5B-$6B/year. He also likes WMT, HD, LOW, TGT.
  • Mar. 22, 2012, 5:32 PM
    Sears (SHLD) has hired Sony market exec Steve Haber to run its home-appliance business. The business made up 16% of Sears' 2011 sales, but it has been struggling to deal with tough competition from Home Depot (HD) and Lowe's (LOW), and had much to do with the 3% same-store sales declined witnessed by Sears last year.  (PR) (previously)
  • Mar. 12, 2012, 2:45 PM
    Lowe's (LOW +0.3%) is following Home Depot's (HD) playbook to find success, Nomura says in upgrading LOW to Buy from Hold, slowing growth, shutting stores, cutting costs and addressing inventory as HD did three years ago. "The bottom line is that Lowe’s has begun to play offense," the firm says. HD +1% even as Nomura maintains its Hold rating on those shares.
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  • Mar. 8, 2012, 2:08 PM
    Home builders add to yesterday's rally sparked by optimistic talk from Hovnanian (HOV +10.2%) that spring selling is off to a strong start, with 38% Y/Y growth in net contracts and home prices remaining relatively stable. Builders KBH +5.7%, LEN +4.8%, PHM +4.8%. Retailers HD +1%, LOW +1.5%. But James Brumley cautions: Is the industry getting better, or just not getting any worse?
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Company Description
Lowe's Companies Inc is a home improvement retailer, which serves home-owners, renters and Commercial Business Customers.