why is lowes stock down

© Provided by Benzinga The Home Depot Inc (NYSE: HD) and Lowe's Companies Inc (NYSE: LOW) are trading lower amid overall market weakness. Stocks across sectors fell Friday following data showing a drop in U.S. retail sales as well as weaker-than-expected bank earnings. Fed tapering concerns have also impacted housing-related stocks.

Full Answer

Are Lowe's companies insiders selling or buying stock?

Apr 19, 2022 · Only 0.15% of the stock of Lowe's Companies is held by insiders. Percentage Held by Institutions. 73.20% of the stock of Lowe's Companies is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next

Why are Home Depot and Lowe's trading lower today?

Apr 22, 2022 · Lowe's CFO Denton to step down nasdaq.com - April 8 at 6:36 PM: Lowe's CFO Dave Denton Steps Down, Brandon Sink Name New CFO nasdaq.com - April 8 at 6:36 PM: Lowe's CFO to step down, home-improvement retailer names Brandon Sink its new CFO finance.yahoo.com - April 8 at 6:36 PM: Lowe's Companies (NYSE:LOW) Updates FY 2022 …

Can Lowe's companies sustain or increase its dividend?

Apr 22, 2022 · LOW: Get the latest Lowe's Companies stock price and detailed information including LOW news, historical charts and realtime prices. Menu icon A vertical stack of three evenly spaced horizontal lines.

Why won't Lowes deliver to my area?

Lowe's outages reported in the last 24 hours. This chart shows a view of problem reports submitted in the past 24 hours compared to the typical volume of reports by time of day. It is common for some problems to be reported throughout the day. Downdetector only reports an incident when the number of problem reports is significantly higher than ...

Why does Lowes stock keep dropping?

This is mainly due to cash decreasing 73% from the year prior and current liabilities rising 5%. This means Lowes' liquidity position is weakening. In terms of debt the company's total debt increased 12% and subsequent net debt (Total debt - Cash & short term investments) increased 33%.Mar 2, 2022

Is Lowes a good buy now?

Lowe's, a dividend king with a long track record of dividend increases. Lowe's saw its share price declining by 20% in the last several months. At the current price, Lowe's is a buy for dividend growth investors.Apr 3, 2022

What is the prediction for Lowes stock?

Stock Price Forecast The 25 analysts offering 12-month price forecasts for Lowe's Companies Inc have a median target of 285.00, with a high estimate of 300.00 and a low estimate of 190.00. The median estimate represents a +44.60% increase from the last price of 197.10.

Is Lowes stock a buy or sell?

Historical EPS Growth Rate looks at the average annual (trailing 12 months) EPS growth rate over the last 3-5 years of actual earnings....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy24.93%2Buy18.44%3Hold9.99%4Sell5.61%2 more rows

Is Lowes a good long term investment?

Lowe's has a higher average earnings surprise, lower P/E ratio, higher VGM Score, higher forecasted EPS growth over the next three to five years, and most importantly has a higher Zacks Rank #2 (Buy) than Home Depot.Mar 3, 2022

Should I sell my Lowes stock?

Stockchase rating for Lowes Companies Inc. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Why is Lowe's stock going up?

Lowe's raises forecast as it grabs a bigger share of home pro spending, navigates supply chain bottlenecks. Lowe's sales grew 5% in the fiscal fourth quarter, as Americans bought, fixed and renovated homes in a tight real estate market.Feb 23, 2022

How many times has Lowe's stock split?

Lowe's stock (ticker: LOW) has split several times over its 36-year chart. The last split on record was in July 2006, when the company instituted a 2-for-1 stock split when the share price hit $63.

How high will Home Depot stock go?

Stock Price Forecast The 29 analysts offering 12-month price forecasts for Home Depot Inc have a median target of 380.00, with a high estimate of 470.00 and a low estimate of 314.00. The median estimate represents a +24.58% increase from the last price of 305.03.

Should I buy Lowes stock Zacks?

Lowe's currently has a Zacks Rank of #2 (Buy). Investors should also note Lowe's's current valuation metrics, including its Forward P/E ratio of 16.52. This valuation marks a premium compared to its industry's average Forward P/E of 12.19. Investors should also note that LOW has a PEG ratio of 1.36 right now.Mar 24, 2022

Is Lowe's Companies a buy right now?

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lowe's Companies in the last year. There are currently 4 hold ratings and...

How has Lowe's Companies' stock price been impacted by Coronavirus (COVID-19)?

Lowe's Companies' stock was trading at $99.15 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health...

When is Lowe's Companies' next earnings date?

Lowe's Companies is scheduled to release its next quarterly earnings announcement on Wednesday, May 18th 2022. View our earnings forecast for Lowe...

How were Lowe's Companies' earnings last quarter?

Lowe's Companies, Inc. (NYSE:LOW) issued its quarterly earnings data on Wednesday, February, 23rd. The home improvement retailer reported $1.78 ear...

How often does Lowe's Companies pay dividends? What is the dividend yield for Lowe's Companies?

Lowe's Companies announced a quarterly dividend on Friday, March 18th. Investors of record on Wednesday, April 20th will be paid a dividend of $0.8...

Is Lowe's Companies a good dividend stock?

Lowe's Companies pays an annual dividend of $3.20 per share and currently has a dividend yield of 1.37%. Lowe's Companies has been increasing its d...

How will Lowe's Companies' stock buyback program work?

Lowe's Companies declared that its Board of Directors has authorized a share buyback program on Wednesday, December 15th 2021, which authorizes the...

What guidance has Lowe's Companies issued on next quarter's earnings?

Lowe's Companies updated its FY 2022 earnings guidance on Wednesday, March, 16th. The company provided earnings per share (EPS) guidance of $13.100...

What price target have analysts set for LOW?

23 brokerages have issued 1 year price objectives for Lowe's Companies' shares. Their forecasts range from $204.00 to $300.00. On average, they exp...

Lowe's Q1 Earnings & Sales Beat on Strong Pro Business

Lowe’s has reported robust first-quarter fiscal 2021 results, wherein earnings and sales outpaced the Zacks Consensus Estimate and grew year over year. Notably, the company delivered the eighth straight earnings beat and the fifth consecutive sales surprise.

Q1 in Detail

Adjusted earnings of $3.21 per share surpassed the Zacks Consensus Estimate of $2.58 and rose 81% year over year. Earnings benefited from robust sales growth and operating margin expansion.

Other Financial Aspects

The company ended the fiscal first quarter with cash and cash equivalents of $6,692 million, long-term debt (excluding current maturities) of $21,906 million, and shareholders’ equity of $445 million.

Key Things to Note

Followed by the strong quarterly performance, Lowe’s noted that the sales momentum continued in May. The company is also delivering ahead of the perspectives issued at the Investor Update on Dec 9, 2020.

Cost pressures held back earnings growth for the home-improvement retailer in the first quarter

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What happened

Shares of Lowe's ( NYSE:LOW) were down 11.1% as of 12:15 p.m. EDT Wednesday after the home-improvement retailer announced mixed first-quarter 2019 results and reduced its full-year outlook.

So what

On one hand, Lowe's CEO Marvin Ellison lauded the company's comparable-sales growth as "a clear indication that the consumer is healthy and our focus on retail fundamentals is gaining traction." On the other hand, Ellison blamed the company's earnings shortfall on higher costs related to merchandising changes and "ineffective legacy pricing tools and processes.".

Now what

In the meantime, Lowe's reiterated its previous guidance for full fiscal-year 2019 sales to climb roughly 2%, assuming a 3% increase in comparable-store sales. But it also lowered its outlook for fiscal 2019 adjusted earnings per share to be in the range of $5.45 to $5.65, down from $6.00 to $6.10 before.

And why that could be a mistake

I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.

What happened

Home Depot ( NYSE:HD) investors can't seem to catch a break. After losing more than 3% in Tuesday trading, shares of the home improvement superstore chain are down another 4.7% as of 11:55 a.m. EST Wednesday. It's the fourth day in a row the stock is down.

So what

Why are Home Depot shares sinking? Didn't fiscal fourth-quarter sales (reported yesterday) surge 25% year over year, with a 24% gain in same-store sales, beating analyst estimates for both sales and earnings? Didn't the company also raise its dividend by 10%?

Now what

Home Depot did concede that "if the demand environment during the back half of fiscal 2020" -- which was "unprecedented" -- "were to persist through fiscal 2021, it would imply flat to slightly positive comparable sales growth and operating margin of at least 14 percent."

Lowe's Q1 Earnings & Sales Beat on Strong Pro Business

Q1 in Detail

• Adjusted earnings of $3.21 per share surpassed the Zacks Consensus Estimate of $2.58 and rose 81% year over year. Earnings benefited from robust sales growth and operating margin expansion. Net sales of $24,422 million rose 24.1% year over year and surpassed the Zacks Consensus Estimate of $23,659 million. Notably, comparable sales increased 25.9% ...

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Other Financial Aspects

Key Things to Note