Lowe’s Up 30% in 3 Months on Solid Home Improvement Trends

The pandemic induced stay-at-home practice is encouraging home renovation and maintenance activities. This certainly is turning out to be an upside for certain home improvement market players, including Lowe’s Companies, Inc. LOW. Moreover, the company’s robust digital offerings and merchandise strategies are yielding, keeping investors interested in the stock.

Lowe’s currently has a Zacks Rank #3 (Hold). The stock has surged nearly 30% in the past three months compared with the industry’s rise of 19.6%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

That said, let’s take a look into some of the aspects that are acting as the aces in Lowe’s stack.

Home Improvements Market Looks Bright

With majority time being spent indoors due to the pandemic scenario, there is a rising focus on making homes an enjoyable and comfortable space. Home DIY projects for remodeling, decorating and maintenance of furniture

Read More

Oppenheimer downgrades Home Depot, Lowe’s on a ‘post-pandemic reset’ in home improvement retail

On Friday, Oppenheimer downgraded both Home Depot and Lowe’s to perform from outperform and lowered their price targets marginally. The firm disclosed that it still finds both companies favorable in the intermediate to longer-term stance, as shifts in consumer demands in the real estate and home improvement space are going to continue to fluctuate. Yahoo Finance’s Final Round panel break down the firm’s call and discuss the details.

Video Transcript

MYLES UDLAND: All right, welcome back to The Final Round here on Yahoo Finance. Time now for our call of the day. And today, we’re talking about Oppenheimer’s latest shares of Home Depot and Lowe’s, the firm downgrading both stocks to perform from– outperform. So overall, basically, kind of, I guess, pulling back maybe on these two names and saying that the boom we saw in the home improvement space during the early part of the pandemic is likely to

Read More

Lowe’s Leverages Innovative Technology to Launch Contactless Pickup Lockers Nationwide

“Our No. 1 priority is making sure we are keeping things safe for our associates and customers while continuing to provide additional options to make it even easier to shop with us,” said Joe McFarland, Lowe’s executive vice president of stores. “With more than 60 percent of online orders picked up in our stores, this gives our customers one more option and the added convenience and flexibility to control how and when they get that order. This is a significant step in our relentless efforts to create a fast and frictionless shopping experience for today’s time-pressed customers.”

Lowe’s customers can now quickly collect their online orders from self-service lockers near the front of stores in locations including Charlotte, Philadelphia and the tri-state area of New York, New Jersey and Connecticut. After a Lowe’s associate stages an online order, the customer receives an automated email notification with

Read More

Lowe’s e-commerce makeover came just in time for new home projects

  • According to Lowe’s CEO Marvin Ellison, the company has invested extensively in e-commerce since he took the helm in 2018.
  • That e-commerce overhaul — which saw the company prioritize its new store app and a shift to the cloud — couldn’t have happened at a better time.
  • The coronavirus pandemic has seen consumers rely heavily on online shopping, as many look to complete projects around their homes.
  • Ellison and Lowe’s CFO David Denton spoke Wednesday at the annual Goldman Sachs Global Retailing Virtual Conference.
  • Visit Business Insider’s homepage for more stories.

Lowe’s’ long-awaited e-commerce revamp came at just the right time for the company to reap the rewards of the surge in home improvement spending during the coronavirus pandemic, according to CEO Marvin Ellison.

Upon taking the helm of the home-improvement retailer in 2018, Ellison said that he found the company lacked a “robust and dynamic e-commerce platform.” Since taking

Read More

Oppenheimer’s Concerns About Near-Term Future

Shares of Lowe`s Companies Inc (NYSE: LOW) and Home Depot Inc (NYSE: HD) have been performing well since March when the Covid-19 pandemic started picking up the pace in North America as well as around the world. Analysts at Oppenheimer have concerns about the near-term future of both red-hot retail stocks and have the stocks.

home, canada, tools, store, renovations, panels, customers, reno, wood, renew, garden, design, house, home depot, repair, aisle, buyers, interiors, american, lights,

ValeStock / Shutterstock.com

On CNBC’s ‘The Exchange’ show, the firm’s senior analyst Brian Nagel said said that the stocks are due for a post-pandemic reset after their recent sales surge. His firm lowered its price target for Home Depot and Lowe’s and changed their ratings to perform from outperform. Home Depot’s price target was lowered to $305 from $320 and Lowe’s to $180 from $185.

The stocks have risen sharply since March as

Read More

Home Depot, Lowe’s Shares Ease After Oppenheimer Downgrade

Shares of Home Depot  (HD) – Get Report and Lowe’s  (LOW) – Get Report were gently pressured Friday after analysts at Oppenheimer downgraded the home-improvement retailers on concern about near-term risks. 

Home Depot and Lowe’s were both downgraded to perform from outperform. Home Depot’s price target was lowered to $305 from $320 and Lowe’s to $180 from $185. 

“To be clear, our favorable intermediate- to longer-term stance for the group
and HD and LOW is unchanged,” analyst Brian Nagel said. 

‘However, nearer term, we’re increasingly concerned
that the market is becoming too lax toward chances of a post-covid-19 sales growth
downshift at HD/LOW and [the] potential impact on shares,”

In a “post-pandemic reset” for home retail, Oppenheimer has a more favorable outlook for Lowe’s than Home Depot given its strengthening margins and discounted valuation. 

The firm lowered its fiscal 2021 earnings EPS estimate for Home Depot

Read More
1 7 8 9