Last $53.85 USD
Change Today +0.15 / 0.28%
Volume 2.5M
LOW On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 12:33 PM 09/17/14 All times are local (Market data is delayed by at least 15 minutes).

lowe's cos inc (LOW) Snapshot

Open
$53.79
Previous Close
$53.70
Day High
$54.25
Day Low
$53.71
52 Week High
09/17/14 - $54.25
52 Week Low
05/15/14 - $44.13
Market Cap
53.2B
Average Volume 10 Days
5.0M
EPS TTM
$2.45
Shares Outstanding
987.1M
EX-Date
10/20/14
P/E TM
22.0x
Dividend
$0.92
Dividend Yield
1.43%
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 August 1, 2014, it operated 1,837 home improvement and hardware stores with 200.8 million square feet of retail selling space 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

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.

Lowe's Companies Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Lowe's Companies Inc. reported earnings results for the second quarter and six months ended June 30, 2014. For the quarter, net earnings of the company increased to $1.04 billion, compared with $941 million in the year ago period. During the reported quarter, the company's diluted EPS rose 18.2% to $1.04 from $0.88 reported last year. For the second quarter FY14, the company reported net sales of $16.60 billion, compared with $15.71 billion in the preceding year quarter. Comparable sales increased 4.4%. For the six months ended August 01, 2014, the company's net sales grew 4.2% to $30.0 billion from $28.8 billion in the same period a year ago, while the company's comparable sales increased 2.8%. For the six months ended August 01, 2014, Lowe's Cos. Inc.'s net earnings increased 12.2% from the same period a year ago to $1.66 billion, and diluted EPS rose 20.6% year on year to $1.64.

Lowe's Companies, Inc. Declares Quarterly Cash Dividend, Payable on November 5, 2014

Lowe's Companies Inc. board of directors has declared a quarterly cash dividend of twenty three cents per share, payable on November 5, 2014, to shareholders of record as of October 22, 2014.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
LOW:US $53.85 USD +0.15

LOW Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Costco Wholesale Corp $125.99 USD -0.44
Danaher Corp $78.73 USD +1.16
Seven & I Holdings Co Ltd ¥4,064 JPY -15.50
Target Corp $62.72 USD -0.14
Walgreen Co $63.97 USD +0.3301
View Industry Companies
 

Industry Analysis

LOW

Industry Average

Valuation LOW Industry Range
Price/Earnings 22.4x
Price/Sales 1.0x
Price/Book 4.7x
Price/Cash Flow 13.4x
TEV/Sales 0.8x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact LOWE'S COS INC, please visit www.lowes.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.