Last $63.26 USD
Change Today +0.83 / 1.33%
Volume 7.5M
LOW On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

lowe's cos inc (LOW) Snapshot

Open
$62.79
Previous Close
$62.43
Day High
$63.59
Day Low
$62.48
52 Week High
11/21/14 - $63.59
52 Week Low
05/15/14 - $44.13
Market Cap
62.4B
Average Volume 10 Days
5.6M
EPS TTM
$2.56
Shares Outstanding
987.1M
EX-Date
01/16/15
P/E TM
24.7x
Dividend
$0.92
Dividend Yield
1.30%
Current Stock Chart for LOWE'S COS INC (LOW)

lowe's cos inc (LOW) Details

Lowe’s Companies, Inc. operates as a home improvement retailer. It offers products for maintenance, repair, remodeling, and home decorating. The company provides home improvement products under the categories of kitchens and appliances; lumber and building materials; tools and hardware; fashion fixtures; rough plumbing and electrical; lawn and garden; seasonal living; paint; home fashions, storage, and cleaning; flooring; millwork; and outdoor power equipment. It also offers installation services through independent contractors in various product categories; repair services; and MyLowes, an online tool that manages, maintains, and enhances homes. The company serves homeowners and renters consisting of do-it-yourself customers and do-it-for-me customers; and professional customers comprising construction trade, as well as maintenance, repair, and operations. As of October 27, 2014, it operated 1,835 home improvement and hardware stores in the United States, Canada, and Mexico. The company also offers its products through online sites, such as Lowes.com, Lowes.ca, and ATGstores.com. Lowe’s Companies, Inc. was founded in 1946 and is based in Mooresville, North Carolina.

167,000 Employees
Last Reported Date: 03/31/14
Founded in 1946

lowe's cos inc (LOW) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $1.2M
Chief Financial Officer
Total Annual Compensation: $712.0K
Chief Operating Officer
Total Annual Compensation: $765.0K
Chief Human Resources Officer
Total Annual Compensation: $512.0K
Strategy & Experience Design Executive
Total Annual Compensation: $582.0K
Compensation as of Fiscal Year 2013.

lowe's cos inc (LOW) Key Developments

Lowe's Companies, Inc. Declares Quarterly Cash Dividend, Payable February 4, 2015

The Board of Directors for Lowe's Companies Inc. has declared a quarterly cash dividend of twenty three cents ($0.23) per share, payable February 4, 2015, to shareholders of record as of January 21, 2015.

Lowe's to Open Two Manhattan Locations in 2015

Lowe's is coming to Manhattan to bring homeowners, renters and professional customers the products and services they need to maintain and improve their homes and businesses. Two Lowe's stores are slated to open in the second half of 2015, one at 2008 Broadway at West 68th Street, and a second at 635 6th Avenue at West 19th Street. Both stores will be approximately 30,000 square feet and offer products and services that are locally relevant to customers, including appliances in a variety of sizes, home organization and storage products to maximize space, and inspiring home decor and accessories to refresh living areas. Most items will be in-stock and many will be delivered from Lowe's New York area stores. These stores will create approximately 125 jobs.

U.S. District Court for the Middle District of Pennsylvania Grants in Part and Denies in Part the Motion to Dismiss the Breach of Warranty Claims Filed Against Shop-Vac Corp. and Lowe's Home Centers Inc

The U.S. District Court for the Middle District of Pennsylvania concluded the plaintiffs in a lawsuit against the manufacturer and seller of vacuums plausibly pleaded consumer fraud claims based on alleged misrepresentations about the capacity of the vacuums. The complaint set out sufficient facts to state breach of warranty claims for the plaintiffs who gave the requisite notice. Shop-Vac Corp. manufactures a line of vacuums sold at Lowe's Home Centers Inc. Numerous consumers filed class action lawsuits, alleging that Shop-Vac and Lowe's made false and misleading representations about the peak horsepower of the vacuums. According to the plaintiffs, Shop-Vac misrepresented that its vacuums were capable of reaching a peak horsepower that was impossible to attain in actual use by consumers. The complaint also alleged Lowe's made identical misrepresentations in its advertisements. The defendants moved to dismiss the complaint. The district court found the plaintiffs pleaded a viable breach of express warranty claim. The complaint alleged the plaintiffs purchased vacuums that made specific representations as to peak horsepower, the representations were false and the plaintiffs would not have purchased the vacuums if not for the false representations. The defendants argued dismissal was justified because the representations regarding peak horsepower were technically true. The term "peak horsepower," according to the defendants, refers to horsepower levels reached for a brief time in laboratory conditions. The district court observed that the defendants' argument relied on information outside the pleadings that could not be considered. Plaintiffs Harbut and Reid adequately alleged they provided notice of the breach prior to filing suit. Whether that notice was sufficient was a question of fact. McMichael could not maintain a claim for breach of express warranty because he failed to allege that he gave notice of the breach. The district court declined to dismiss Harbut's and Reid's breach of implied warranty of merchantability claims. The complaint sufficiently alleged the vacuums were not fit for their ordinary purpose because the suction was not enough to pick up most debris. McMichael's claim failed for lack of proper notice. The defendants contended the consumer fraud claims should be dismissed because no reasonable consumer would have been misled by the alleged misrepresentations. At the motion to dismiss stage, the court could not conclude that a reasonable consumer would not understand the term "peak horsepower" to mean horsepower achieved in actual use of the vacuum rather than in laboratory testing. The allegations in support of the consumer fraud claims were facially plausible. The district court granted in part and denied in part the motion to dismiss the breach of warranty claims.

 

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Industry Analysis

LOW

Industry Average

Valuation LOW Industry Range
Price/Earnings 25.1x
Price/Sales 1.1x
Price/Book 5.8x
Price/Cash Flow 15.2x
TEV/Sales 0.9x
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