Better Buy: Costco vs. Lowe’s

It’s a tough matchup. Costco (NASDAQ:COST) is the king of the warehouse shopping world, edging out Walmart‘s (NYSE:WMT) membership-based venue Sam’s Club. Home-improvement name Lowe’s (NYSE:LOW) may not be as big as rival Home Depot (NYSE:HD), but CEO Marvin Ellison — a former Home Depot executive — is turning up the heat on the company’s competition. Both are perfectly fine holdings for most long-term investors.

If there’s only room for one in your portfolio, there are a couple reasons that Lowe’s is the better buy right now. Let me explain.

Man plotting arrows, one rising faster than others.

Image source: Getty Images.

Why not Costco?

Don’t misread the message. Costco doesn’t face an existential crisis. Even before the COVID-19 pandemic took hold, the retailer was riding high on several years of unfettered growth. The last time it struggled in a big way was during 2008’s fallout of the subprime mortgage meltdown, and even then, it fared

Read More

Lowe’s Companies, Inc. (NYSE:LOW) Shares Purchased by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC boosted its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 58.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 5,474 shares of the home improvement retailer’s stock after purchasing an additional 2,026 shares during the period. Flagship Harbor Advisors LLC’s holdings in Lowe’s Companies were worth $908,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Lowe’s Companies during the second quarter worth $26,000. PrairieView Partners LLC acquired a new position in Lowe’s Companies during the 2nd quarter worth about $26,000. CVA Family Office LLC purchased a new position in Lowe’s Companies during the 1st quarter valued at about $29,000. Financial Management Professionals Inc. acquired

Read More

Lowe’s new top communicator addresses tech, DE&I and the post-COVID era

This year wasn’t exactly what Ben Boyd had in mind when at the beginning of the year he “put it out in the universe” that he wanted a challenge.

“I wanted to be stretched,” he says with a rueful laugh over the phone . He’s been announced as the new top communicator for Lowe’s, leaving his role at BCW to take on a different kind of challenge, one that has him buzzing about the future. His first day at Lowe’s is Oct. 26.

“I’m a guy who could not be more over the moon about change in my life and the challenge that I’m taking on,” he says.

It’s a reminder that challenges can be positive forces in our lives as well, even when facing an extraordinarily tough year of mind-bending disruption and change.

A time for communicators to shine

When asked about the top challenges communicators are facing in

Read More

Lowe’s Canada Presents a Total of Over $2.1 Million to More Than 235 Hero Organizations Across the Country

284 Lowe’s, RONA, and Reno-Depot stores and five distribution centres in the Lowe’s Canada network joined forces as part of the largest Lowe’s Canada Heroes Campaign to date

BOUCHERVILLE, QC, Oct. 14, 2020 /CNW Telbec/ – Lowe’s Canada, one of Canada’s leading home improvement retailers, is proud to announce that a total of over $2.1 million will be donated to more than 235 non-profit organizations and public schools across the country whose actions make them true heroes in their communities. This year, for the very first time, 47 stores affiliated with the RONA banner and five distribution centres in the network joined Lowe’s, RONA, and Réno-Dépôt corporate stores in this flagship campaign. Throughout September, 289 Lowe’s Canada network sites joined forces to raise funds in support of their chosen partner organization’s mission or specific project. As in the past, 50% of the amounts raised were matched by Lowe’s

Read More

Lowe’s donates over $9 million to help keep homes safe and affordable in Charlotte

Lowe’s Home Improvement store is donating $9.25 million in funding, products and gift cards to organizations in Charlotte to keep “homes safe, healthy and affordable” amid the coronavirus crisis.

Lowe’s announced Tuesday it is making the donations in a combination of funding, products and gift cards to nearly 30 local charitable groups and businesses for affordable housing, skilled trades training and technology, the company announced Tuesday.

The Mooresville-based company is extending how it thinks about the word home, company executive vice president of human resources Janice Little said.

Little told the Observer the donations are another step in the company’s efforts to help with community projects. Lowe’s also has an employee volunteer program that has been focused on affordable housing and skilled trades over the last year.

“We really need to make sure that we can support all members of our community,” she said.

Some of the Charlotte hometown

Read More

Lowe’s Announces 2020 Vendor Partners of the Year

MOORESVILLE, N.C., Oct. 12, 2020 /PRNewswire/ — Each year, Lowe’s Companies, Inc. recognizes vendor partners who continue to raise the bar in delivering outstanding quality, innovation, value and service. Lowe’s is proud to announce it has named Altman Specialty Plants, Monopy and Reliance Worldwide (Sharkbite) as the company’s 2020 Vendor Partners of the Year. Even during these unprecedented times in the world and the retail industry, these companies have remained committed to going above and beyond to meet customer needs at a time when home has never been more important.

Furthering the company’s commitment to offering more sustainable products in its assortment, Lowe’s recognized LG Electronics with the company’s first-ever Sustainability Award. With more than 80 percent of its portfolio being ENERGY STAR certified products, LG Electronics offers customers a wide selection of environmentally friendly appliances from washers and dryers to refrigerators, ranges, ovens and dishwashers. Its robust sustainability strategy

Read More

Bull of the Day: Lowe’s Companies (LOW)

As the Covid-19 pandemic stretches past its 200th day and Americans remain mostly in their homes as much as possible, there have been many winners and losers in the business world. The losers have been businesses that rely in in-person interactions for a significant portion of their revenues. Travel, leisure and entertainment have all suffered mightily.

Technology and technology services like video conferencing and file sharing companies that allow people to work at home more efficiently have been the obvious winners.

There have also been winners in lower-tech industries that suddenly find their goods and services in increased demand – and customers who’s lack of recent spending on recreational pursuits has left them with additional cash in their budgets.

Have you been to a home improvement store lately? With the exception of physical formats that have been tweaked to promote social distancing, you’ll probably find that it looks pretty

Read More

Lowe’s gives $100 million more in bonuses to hourly employees

Shoppers wearing protective masks wait in line to enter a Lowe’s Cos. store in San Bruno, California, U.S., on Wednesday, May 20, 2020.

David Paul Morris | Bloomberg | Getty Images

Lowe’s said Wednesday it will give $100 million more in bonuses to hourly employees, as strong demand for home improvement continues.

It marks the sixth time the home improvement retailer has given additional pay to workers at its stores, distribution centers and support centers during the coronavirus pandemic. It gave bonuses to part-time, full-time and seasonal employees in March, May, July and August. It also increased pay by $2 an hour for the month of April. 

With the latest round, the home improvement retailer will have paid more than $675 million in additional pay to employees this year. It will pay the latest bonuses on Oct. 16. Full-time hourly employees will receive $300 and part-time and seasonal hourly employees

Read More

Lowe’s Spending $100 Million More for Pandemic Bonus for Workers

Lowe’s  (LOW) – Get Report said Wednesday it would spend another $100 million in bonuses for U.S. hourly employees this month to recognize their service during the coronavirus pandemic, bringing the total to $775 million.

Shares of the Mooresville, North Carolina-based home-improvement retailer were rising 2% to $167. 

Lowe’s said that all active hourly associates in Lowe’s U.S. stores, distribution centers and store support centers will receive the bonus on Oct. 16.

Full-time hourly associates will receive $300, and part-time and seasonal associates will receive $150. 

The October bonus will match the funds Lowe’s provided to all hourly associates in March, May, July and August.

With this latest round of coronavirus relief, Lowe’s said it will have provided more than $775 million in incremental financial support to associates this year. 

Along with the previous special payments and bonuses, Lowe’s increased pay for full-time, part-time and seasonal associates by

Read More

Q3 2021 Earnings Estimate for Lowe’s Companies, Inc. Issued By Piper Sandler (NYSE:LOW)

Lowe’s Companies, Inc. (NYSE:LOW) – Analysts at Piper Sandler upped their Q3 2021 earnings estimates for Lowe’s Companies in a report released on Monday, October 5th. Piper Sandler analyst P. Keith now anticipates that the home improvement retailer will post earnings of $1.99 per share for the quarter, up from their previous forecast of $1.90. Piper Sandler also issued estimates for Lowe’s Companies’ FY2021 earnings at $8.68 EPS, Q3 2022 earnings at $2.16 EPS and FY2022 earnings at $8.89 EPS.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, August 19th. The home improvement retailer reported $3.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.95 by $0.80. The firm had revenue of $27.30 billion during the quarter, compared to the consensus estimate of $24.24 billion. Lowe’s Companies had a return on equity of 228.17% and a net margin of 7.12%. The business’s revenue

Read More