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Lowe's Companies Inc (LOW.N)

LOW.N on New York Stock Exchange

104.95USD
19 Jan 2018
Change (% chg)

$3.59 (+3.54%)
Prev Close
$101.36
Open
$104.74
Day's High
$105.35
Day's Low
$102.48
Volume
3,139,247
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1,579,878
52-wk High
$105.60
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$70.76

Latest Key Developments (Source: Significant Developments)

D.E. Shaw Builds Activist Stake In Lowe's- Bloomberg
Friday, 12 Jan 2018 

Jan 12 (Reuters) - :D.E. SHAW BUILDS ACTIVIST STAKE IN LOWE’S- BLOOMBERG, CITING SOURCES.D.E. SHAW PLANS TO USE IT’S HOLDING TO AGITATE FOR CHANGES AT LOWE’S- BLOOMBERG, CITING SOURCES.  Full Article

Hangzhou Greatstar Industrial wins IRIS intelligent home project from U.S. Lowe's Companies
Tuesday, 19 Dec 2017 

Dec 19 (Reuters) - Hangzhou Greatstar Industrial Co Ltd <002444.SZ> ::Says it won IRIS intelligent home project from U.S. Lowe's Companies Inc .Project amount expects to be $5 million for 2018 and $8 million to $10 million for 2019 .  Full Article

Lowe's on conf call- Expect some benefit from hurricanes as into Q4 and 2018
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - Lowe's Companies Inc :In presentation- Q3 average ticket rose 5.8 percent to $72.63, customer transactions increased 0.7 pct‍​.In presentation- Q3 transactions over $500 up 8.2 percent, between $50 and $500 up 3.8 percent.In presentation- Q3 comp sales of appliances, lumber and buildng materials, plumbing were above average.In presentation- Q3 comp sales of flooring, lawn & garden products, paint, fashion fixtures below average.In presentation- key drivers of home improvement spending are real disposable personal income, home prices, and housing turnover..Outlook for home improvement industry remains positive, supported by job gains and income growth, strong consumer balance sheets.Rising home prices should continue to encourage homeowners to engage in discretionary projects along with maintenance, repair spending.On conf call- Q3 lumber building materials had double-digit comp sales, driven by pro demand, hurricane prep and cleanup, inflation.On conf call- Q3 online comparable sales growth increased 33 percent.Coo- drove increased traffic in-store and online, capitalizing on supportive macroeconomic backdrop and customers' desire to invest in homes.Coo- "given harvey was more a water event and irma more wind event, expect magnitude of benefit and recovery period for houston will surpass florida".Coo- continue to build pro awareness with targeted marketing, pro exclusive offers.  Full Article

Lowe's reports Q3 earnings per share of $1.05
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - Lowe's Companies Inc :Lowe's reports third quarter sales and earnings results.Q3 earnings per share $1.05.Q3 sales $16.8 billion versus I/B/E/S view $16.59 billion.Q3 earnings per share view $1.02 -- Thomson Reuters I/B/E/S.Lowe's Companies Inc- ‍total sales are expected to increase approximately 5 percent in fiscal year 2017​.Lowe's Companies Inc - ‍comparable sales are expected to increase approximately 3.5 percent in fiscal year 2017​.Lowe's Companies Inc - ‍comparable sales increased 5.7 percent for Q3​.Lowe's Companies Inc- ‍diluted earnings per share of $4.20 to $4.30 are expected for fiscal year ending February 2, 2018​.Lowe's Companies Inc - ‍hurricane-related sales in quarter were approximately $200 million​.FY earnings per share view $4.50, revenue view $68.40 billion -- Thomson Reuters I/B/E/S.  Full Article

Lowe's Companies sets quarterly cash dividend of $0.41 per share
Friday, 18 Aug 2017 

Aug 18 (Reuters) - Lowe's Companies Inc -:Sets quarterly cash dividend of $0.41per share.  Full Article

Lowe's Companies sets quarterly cash dividend of $0.35 per share
Friday, 19 Aug 2016 

Lowe's Companies Inc :Sets quarterly cash dividend of $0.35 per share.  Full Article

Lowe's Cos - saw softer comps in May stemming from Q1 project pull-forward and unfavorable weather
Wednesday, 17 Aug 2016 

Lowe's Cos Inc : Home fashions, lawn & garden, millwork, outdoor power equipment, paint, rough plumbing & electrical categories underperformed in Q2 . Forecasts FY cash flow from operations of about $5.6 billion, capital expenditures of about $1.5 billion . On conf call- northern region sales affected by abbreviated spring, which affected outdoor activity . On conf call- customers took advantage of favorable weather conditions in Q1 to complete outdoor projects . On conf call- Q2 comps in pro business were well above co average . Chief customer officer- " comps were below expectation for the second quarter" . Chief customer officer- we saw softer comps in May, stemming both from Q1 project pull-forward and unfavorable weather . Comps were negative 2.8% in May, positive 5% in June, and positive 3.8% in July . Weather negatively impacted comp sales in Q2 by 110 basis points . Ceo- "when we look at macroeconomic environment and impacts weather had on our Q2, it still sets us up incredibly well (for 2nd half)" . Presentation- Q2 big-ticket purchases rose 2.9 percent, average ticket rose 1.7 percent Further company coverage: [LOW.N] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

Lowe's Q2 earnings per share $1.31
Wednesday, 17 Aug 2016 

Lowe's Companies Inc : Q2 earnings per share $1.31 . Q2 same store sales rose 2 percent . Lowe's reports second quarter sales and earnings results . Q2 sales $18.3 billion versus I/B/E/S view $18.45 billion . Q2 earnings per share view $1.42 -- Thomson Reuters I/B/E/S . Lowe's Companies Inc sees FY 2016 comparable sales are expected to increase approximately 4 percent . Fiscal year 2016 total sales are expected to increase approximately 10 percent, including 53(rd) week . 53(rd) week in FY 2016 is expected to increase total sales by approximately 1.5 percent . FY earnings per share view $4.06, revenue view $63.84 billion -- Thomson Reuters I/B/E/S . Sees FY earnings per share $4.06 .Says company expects to add approximately 45 home improvement and hardware stores in FY.  Full Article

Lowe's increases quarterly dividend 25 pct to $0.35/shr
Friday, 27 May 2016 

Lowe's Companies Inc :Board of directors has declared a 25 percent increase in its quarterly cash dividend to 35 cents per share.  Full Article

Lowe's says Rona's annual meeting of shareholders cancelled
Friday, 20 May 2016 

Lowe's Companies Inc :Says Rona's annual meeting of shareholders, initially scheduled on June 20, 2016, cancelled in light of completion of arrangement.  Full Article

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Lowe's nominates directors after 'constructive' talks with D.E. Shaw

Home improvement chain Lowe's Cos Inc said it has nominated two independent board members and plans to add a third following "constructive" talks with hedge fund D.E. Shaw Group, which has taken an activist stake, sending shares up 3 percent on Friday.