Últimas noticias sobre Lowe's Companies (NYSE:LOW) Bolsa

Lowe's Companies

Lowe's is the second-largest home improvement retailer in the world, operating more than 1,700 stores in the United States, after the 2023 divestiture of its Canadian locations (RONA, Lowe's Canada, Réno-Dépôt, and Dick's Lumber). The firm's stores offer products and services for home decorating, maintenance, repair, and remodeling, with maintenance and repair accounting for two thirds of products sold. Lowe's primarily targets retail do-it-yourself (around 75% of sales) and do-it-for-me customers, but has expanded its commercial and professional business clients to 25% from less than 20% in the past six years. We estimate Lowe's captures a high-single-digit share of the domestic home improvement market, based on US Census data and management's market size estimates.

FLNT

PANW

Aquí tienes cinco acciones estadounidenses que podrían llamar la atención de los inversores este martes: LOW, PANW, MDT, FLNT y ALC.

5 acciones en el foco este martes: LOW, PANW, MDT, FLNT y ALC

Lowe's Companies Inc

Loser Coin

Lowell Farms Inc

AB Active ETFs, Inc. AB US Low Volatility Equity ETF

Lowe's Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) has outperformed the market over the past 10 years by 3.05% on an annualized basis producing an average annual return of 13.98%. Currently, Lowe's Companies has a market capitalization of $141.74 billion. 
Buying $100 In LOW: If an investor had bought $100 of LOW stock 10 years ago, it would be worth $367.69 today based on a price of $251.03 for LOW at the time of writing.
<h3>Lowe's Companies's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734616821_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

News

Trading Ideas

$100 Invested In This Stock 10 Years Ago Would Be Worth This Much Today

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$500.00</td>
<td>$54.6K</td>
<td>41.3K</td>
<td>79.9K</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$240.00</td>
<td>$170.0K</td>
<td>28.7K</td>
<td>7.1K</td>
</tr>
<tr>
<td>CVNA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$260.00</td>
<td>$40.3K</td>
<td>10.7K</td>
<td>4.8K</td>
</tr>
<tr>
<td>NKE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$85.00</td>
<td>$61.0K</td>
<td>13.5K</td>
<td>2.4K</td>
</tr>
<tr>
<td>DASH</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/10/25</td>
<td>$170.00</td>
<td>$245.2K</td>
<td>15.3K</td>
<td>1.9K</td>
</tr>
<tr>
<td>LEN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/10/25</td>
<td>$145.00</td>
<td>$26.1K</td>
<td>13</td>
<td>1.0K</td>
</tr>
<tr>
<td>F</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$9.82</td>
<td>$52.0K</td>
<td>54.7K</td>
<td>610</td>
</tr>
<tr>
<td>GM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/24/25</td>
<td>$55.00</td>
<td>$57.6K</td>
<td>46</td>
<td>601</td>
</tr>
<tr>
<td>LOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$257.50</td>
<td>$25.0K</td>
<td>149</td>
<td>334</td>
</tr>
<tr>
<td>CMG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$86.00</td>
<td>$74.4K</td>
<td>1.1K</td>
<td>266</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a call option trade that happens to be neutral, expiring in 2 day(s) on December 20, 2024. This event was a transfer of 91 contract(s) at a $500.00 strike. The total cost received by the writing party (or parties) was $54.6K, with a price of $600.0 per contract. There were 41326 open contracts at this strike prior to today, and today 79959 contract(s) were bought and sold. 
• Regarding AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we observe a call option sweep with bearish sentiment. It expires in 30 day(s) on January 17, 2025. Parties traded 500 contract(s) at a $240.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $170.0K, with a price of $340.0 per contract. There were 28750 open contracts at this strike prior to today, and today 7183 contract(s) were bought and sold. 
• For CVNA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>), we notice a call option trade that happens to be bearish, expiring in 2 day(s) on December 20, 2024. This event was a transfer of 475 contract(s) at a $260.00 strike. The total cost received by the writing party (or parties) was $40.3K, with a price of $85.0 per contract. There were 10739 open contracts at this strike prior to today, and today 4820 contract(s) were bought and sold. 
• For NKE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>), we notice a call option sweep that happens to be bearish, expiring in 2 day(s) on December 20, 2024. This event was a transfer of 496 contract(s) at a $85.00 strike. This particular call needed to be split into 58 different trades to become filled. The total cost received by the writing party (or parties) was $61.0K, with a price of $124.0 per contract. There were 13537 open contracts at this strike prior to today, and today 2449 contract(s) were bought and sold. 
• Regarding DASH (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NASDAQ">DASH</a>), we observe a put option sweep with bearish sentiment. It expires in 23 day(s) on January 10, 2025. Parties traded 500 contract(s) at a $170.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $245.2K, with a price of $494.0 per contract. There were 15340 open contracts at this strike prior to today, and today 1917 contract(s) were bought and sold. 
• Regarding LEN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>), we observe a put option sweep with bullish sentiment. It expires in 23 day(s) on January 10, 2025. Parties traded 77 contract(s) at a $145.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $26.1K, with a price of $340.0 per contract. There were 13 open contracts at this strike prior to today, and today 1011 contract(s) were bought and sold. 
• Regarding F (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), we observe a put option trade with bullish sentiment. It expires in 184 day(s) on June 20, 2025. Parties traded 605 contract(s) at a $9.82 strike. The total cost received by the writing party (or parties) was $52.0K, with a price of $86.0 per contract. There were 54738 open contracts at this strike prior to today, and today 610 contract(s) were bought and sold. 
• For GM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), we notice a call option sweep that happens to be bullish, expiring in 37 day(s) on January 24, 2025. This event was a transfer of 600 contract(s) at a $55.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $57.6K, with a price of $96.0 per contract. There were 46 open contracts at this strike prior to today, and today 601 contract(s) were bought and sold. 
• For LOW (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>), we notice a call option trade that happens to be bearish, expiring in 2 day(s) on December 20, 2024. This event was a transfer of 100 contract(s) at a $257.50 strike. The total cost received by the writing party (or parties) was $25.0K, with a price of $250.0 per contract. There were 149 open contracts at this strike prior to today, and today 334 contract(s) were bought and sold. 
• Regarding CMG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>), we observe a call option trade with bearish sentiment. It expires in 394 day(s) on January 16, 2026. Parties traded 266 contract(s) at a $86.00 strike. The total cost received by the writing party (or parties) was $74.4K, with a price of $280.0 per contract. There were 1155 open contracts at this strike prior to today, and today 266 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AMZN

CVNA

DASH

TSLA

10 Consumer Discretionary Stocks Whale Activity In Today's Session

Bernstein analyst Zhihan Ma maintains Lowe's Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) with a Outperform and raises the price target from $301 to $304.

Price Target

Analyst Ratings

Bernstein Maintains Outperform on Lowe's Companies, Raises Price Target to $304

JP Morgan analyst Christopher Horvers maintained an Overweight rating for Lowe&#8217;s Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) <a target="_blank" href="https://www.benzinga.com/quote/LOW/analyst-ratings" rel="noreferrer noopener">with a price forecast of $300.</a>
Yesterday, the company highlighted its near-term and long-term financial targets at its 2024<a target="_blank" href="https://www.benzinga.com/24/12/42445818/lowes-targets-1-billion-in-annual-savings-and-expands-store-footprint-to-drive-future-growth" rel="noreferrer noopener"> Analyst and Investor Conference</a>.
Lowe&#8217;s reaffirmed its outlook, projecting total sales between $83 billion and $83.5 billion<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener"> (consensus estimate: $83.34 billion)</a>.
The company expects comparable sales to decline by 3.0% to 3.5% and adjusted EPS&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/42060077/lowes-q3-earnings-revenue-and-eps-beat-but-comp-sales-fall-amid-softness-in-bigger-ticket-diy-discretionary-demand" rel="noreferrer noopener">of $11.80 – $11.90 (consensus estimate: $11.89)</a>.
Lowe&#8217;s plans to unveil its next phase of Perpetual Productivity Improvement (PPI) initiatives, projected to deliver approximately $1 billion in annual cost savings.
The analyst writes that Lowe&#8217;s Analyst Day marked a subtle pivot, signaling that the infrastructure built since CEO Marvin Ellison&#8217;s 2018 arrival is now in place.
The analyst says they continue to favor LOW and write that with the shift to positive comps after three years of pullforward spending and housing headwinds, they believe a moderate 1% comp is reasonable.
The analyst views the 10 basis points of operating margin expansion per comp point and the $1 billion stock repurchase assumption as conservative.
Hoovers adds that Lowe&#8217;s is advancing self-help initiatives to boost top-line growth and margins, reducing the performance gap with Home Depot.
The industry&#8217;s duopoly and resistance to Amazon, along with a strong housing-driven long-term outlook, justify its premium valuation, adds the analyst.
Additionally, the recent decline in long-term rates is expected to boost demand, especially as existing home sales remain at 40-year lows, with potential upside from a Fed rate cut, per the analyst.
As the housing market improves, Horvers expects the company to further re-rate, especially with the 2025 guidance uncertainty cleared.
Investors can gain exposure to the stock via&nbsp;IShares U.S. Home Construction ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITB#BATS">ITB</a>) and&nbsp;VanEck Retail ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RTH#NASDAQ">RTH</a>).
Price Action: LOW shares are down 1.41% at $264.11 at the last check Thursday.
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Lowe's Positioned For Growth Amid Cost Savings And Housing Recovery: JP Morgan Analyst

Truist Securities analyst Scot Ciccarelli maintains Lowe's Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) with a Buy and lowers the price target from $310 to $307.

Truist Securities Maintains Buy on Lowe's Companies, Lowers Price Target to $307

RBC Capital analyst Steven Shemesh maintains Lowe's Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) with a Sector Perform and raises the price target from $291 to $292.

RBC Capital Maintains Sector Perform on Lowe's Companies, Raises Price Target to $292

Evercore ISI Group analyst Greg Melich maintains Lowe's Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) with a In-Line and raises the price target from $270 to $290.

Evercore ISI Group Maintains In-Line on Lowe's Companies, Raises Price Target to $290

Guggenheim analyst Steven Forbes reiterates Lowe's Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) with a Buy and maintains $300 price target.

Guggenheim Reiterates Buy on Lowe's Companies, Maintains $300 Price Target

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Deutsche Bank increased the price target for PepsiCo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) from $179 to $184. Deutsche Bank analyst Steve Powers upgraded the stock from Hold to Buy. PepsiCo shares closed at $156.77 on Wednesday. See how other analysts view this stock.</li>
<li>Wells Fargo raised the price target for The Kroger Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) from $70 to $73. Wells Fargo analyst Edward Kelly maintained an Overweight rating. Kroger shares closed at $61.33 on Wednesday. <a href="https://www.benzinga.com/quote/KR/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Oppenheimer boosted the price target for KKR &amp; Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) from $153 to $175. Oppenheimer analyst Chris Kotowski maintained an Outperform rating. KKR shares closed at $157.39 on Wednesday. <a href="https://www.benzinga.com/quote/KKR/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Mizuho raised Lowe&#8217;s Companies, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) price target from $282 to $305. Mizuho analyst David Bellinger maintained an Outperform rating. Lowe&#8217;s shares settled at $267.90 on Wednesday. <a href="https://www.benzinga.com/quote/LO/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Jefferies slashed Adobe Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) price target from $700 to $650. Jefferies analyst Brent Thill maintained a Buy rating. Adobe shares closed at $549.93 on Wednesday. <a href="https://www.benzinga.com/quote/ADBE/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Roth MKM raised United Natural Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNFI#NYSE">UNFI</a>) price target from $20 to $26. Roth MKM analyst Bill Kirk maintained a Neutral rating. United Natural Foods shares closed at $28.08 on Wednesday.  <a href="https://www.benzinga.com/quote/UNFI/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Stifel cut Match Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTCH#NASDAQ">MTCH</a>) price target from $39 to $36. Stifel analyst Mark Kelley maintained a Hold rating on the stock. Match Group shares closed at $61.48 on Wednesday. See how other analysts view this stock.</li>
<li>UBS cut the price target for Commercial Metals Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMC#NYSE">CMC</a>) from $62 to $56. UBS analyst Curt Woodworth downgraded the stock from Buy to Sell. Commercial Metals shares settled at $61.60 on Wednesday. <a href="https://www.benzinga.com/quote/CMC/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Deutsche Bank boosted Keurig Dr Pepper Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KDP#NASDAQ">KDP</a>) price target from $37 to $39. Deutsche Bank analyst Steve Powers upgraded the stock from Hold to Buy. Keurig Dr Pepper shares closed at $33.26 on Wednesday. <a href="https://www.benzinga.com/quote/KDP/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Needham raised Stryker Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYK#NYSE">SYK</a>) price target from $409 to $442. Needham analyst Mike Matson maintained a Buy rating. Stryker shares closed at $376.16 on Wednesday. <a href="https://www.benzinga.com/quote/SYK/analyst-ratings">See how other analysts view this stock</a>.</li>
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Mizuho analyst David Bellinger maintains Lowe's Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) with a Outperform and raises the price target from $282 to $305.

Mizuho Maintains Outperform on Lowe's Companies, Raises Price Target to $305

Wedbush analyst Seth Basham reiterates Lowe's Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) with a Neutral and maintains $250 price target.

Wedbush Reiterates Neutral on Lowe's Companies, Maintains $250 Price Target

Telsey Advisory Group analyst Joseph Feldman maintains Lowe's Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) with a Outperform and maintains $305 price target.

Telsey Advisory Group Maintains Outperform on Lowe's Companies, Maintains $305 Price Target

Lowe&#8217;s Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) highlighted its near-term and long-term financial targets at its 2024 <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/n42432122/lowes-unveils-2025-total-home-strategy-to-drive-long-term-growth-and-market-share" rel="noreferrer noopener">Analyst and Investor Conference today</a>.
The company has introduced a standardized framework to harness generative AI, aimed at improving customer experiences and boosting productivity.
Also, the company launched the U.S. home improvement industry&#8217;s first product marketplace, partnering with new sellers and existing suppliers to expand its online assortment. This initiative strengthens Lowe&#8217;s position as a one-stop shop for all home needs.
Apart from this, in early 2025, Lowe&#8217;s will relaunch MyLowe&#8217;s Pro Rewards, a streamlined loyalty program for small-to-medium Pros.
The program will simplify earning and redeeming rewards, with Pro customers saving 5% daily on eligible purchases when using their MyLowe&#8217;s Pro Rewards Credit Card.
Moreover, Lowe&#8217;s is streamlining large Pro orders with direct supplier system integration, aiming to boost close rates and capture more Pro spend, while relying on suppliers for jobsite delivery.
FY24 Outlook: Lowe&#8217;s reaffirmed its outlook, projecting total sales between $83 billion and $83.5 billion<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener"> (consensus estimate: $83.34 billion)</a>.
The company expects comparable sales to decline by 3.0% to 3.5% and adjusted EPS <a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/42060077/lowes-q3-earnings-revenue-and-eps-beat-but-comp-sales-fall-amid-softness-in-bigger-ticket-diy-discretionary-demand" rel="noreferrer noopener">of $11.80 &#8211; $11.90 (consensus estimate: $11.89)</a>.
Lowe&#8217;s plans to unveil its next phase of Perpetual Productivity Improvement (PPI) initiatives, projected to deliver approximately $1 billion in annual cost savings.
To drive growth, Lowe&#8217;s plans to open 10-15 stores annually in fast-growing U.S. markets, building on recent successes and enhanced space productivity.
The company will also expand its rural assortments to 150 more stores, offering a one-stop shop with enhanced selections in pet, workwear, automotive, and utility vehicles.
Marvin R. Ellison, Lowe&#8217;s chairman, president and CEO, said, &#8220;As we look ahead to the expected recovery in home improvement, we are making investments to position the company for long-term growth. We are evolving our Total Home strategy to help solve our customers&#8217; total home improvement needs with more value and exceptional service,&#8221;&nbsp;&nbsp;
&#8220;At the same time, we&#8217;re building on our momentum with Pros now that we&#8217;ve reached 30% Pro penetration.&#8221;
Goldman Sachs analyst rated the company a Buy rating, <a target="_blank" href="https://www.benzinga.com/quote/LOW/analyst-ratings" rel="noreferrer noopener">with a price target of $276.</a>
The analyst estimates FY24 sales of $83.3 billion, comparable sales of -3.3%, and adjusted EPS of $11.87.
Investors can gain exposure to the stock via&nbsp;IShares U.S. Home Construction ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITB#BATS">ITB</a>) and VanEck Retail ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RTH#NASDAQ">RTH</a>).
Price Action: LOW shares are down 0.31% at $269.28 at the last check Wednesday.
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Photo via Shutterstock.

Guidance

Lowe's Targets $1 Billion In Annual Savings And Expands Store Footprint To Drive Future Growth

Stifel analyst W. Andrew Carter maintains Lowe's Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) with a Hold and raises the price target from $265 to $270.

Stifel Maintains Hold on Lowe's Companies, Raises Price Target to $270

Lowe's Affirms FY24 Outlook For Total Sales Of $83B - $83.5B (Est $83.34B), Comparable Sales To Be Down -3.0% To -3.5%, Adjusted EPS Of $11.80 - $11.90 (Est $11.89)

To fuel long-term growth, expand its footprint and attract new DIY and Pro customers to the brand, Lowe's plans to open 10-15 stores per year over the next several years in fast-growing markets in the U.S.
Lowe's is planning to extend its rural assortments to 150 more stores, bringing everything needed for farm and home under one roof.
The company is providing scenario planning details for its 2025 financial performance to offer increased transparency in a macroeconomic environment that remains uncertain.&nbsp; It will also outline the next set of enterprise-wide Perpetual Productivity Improvement or PPI initiatives, which are expected to generate approximately $1 billion in annual cost savings.
 &nbsp;

Lowe's Companies Affirms Outlook For Full Year 2024; Updates On Its Key Growth And Productivity Initiatives And Near-term And Long-term Financial Targets

Lowe's Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) has outperformed the market over the past 15 years by 5.72% on an annualized basis producing an average annual return of 17.65%. Currently, Lowe's Companies has a market capitalization of $154.43 billion. 
Buying $100 In LOW: If an investor had bought $100 of LOW stock 15 years ago, it would be worth $1,130.50 today based on a price of $273.50 for LOW at the time of writing.
<h3>Lowe's Companies's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733848223_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $100 Invested In Lowe's Companies 15 Years Ago Would Be Worth Today

Lowe's Companies's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) short percent of float has fallen 19.51% since its last report. The company recently reported that it has 5.57 million shares sold short, which is 0.99% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.41 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Lowe's Companies Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733318117_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Lowe's Companies has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Lowe's Companies's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Lowe's Companies's peer group average for short interest as a percentage of float is 6.14%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Peering Into Lowe's Companies's Recent Short Interest

A new investment fund, the Azoria Meritocracy ETF, is set to launch in early 2025, positioning itself as an &#8220;S&amp;P 500 fund without<a href="https://www.benzinga.com/24/11/42000168/pro-bitcoin-argentina-president-javier-milei-becomes-first-foreign-leader-to-meet-trumplauds-elon-musk-for-free-speech-support"> the woke s&#8212;.&#8221;</a>
What To Know: The fund, created by 29-year-old James Fishback, will exclude companies that use diversity quotas in promotion or hiring decisions.&nbsp;
"The country just wholeheartedly rejected DEI affirmative action," FIshback said in an interview with Semafor. "We're going to deliver that mandate to the private sector. These practices are not just unethical but bad business."
Read More: <a href="https://www.benzinga.com/general/biotech/24/11/41822473/trumps-potential-health-czar-robert-f-kennedy-jr-rattles-vaccine-stocks-shoot-first-reaction">Trump&#8217;s Potential &#8216;Health Czar&#8217; Robert F. Kennedy Jr. Rattles Vaccine Stocks: &#8216;Shoot First Reaction&#8217;</a>
Last week, Walmart Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) became the latest major corporation to roll back its diversity, equity and inclusion — DEI — policies. Walmart joins other companies like Tractor Supply Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSCO#NASDAQ">TSCO</a>) and Lowe's Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>), all of which ended their participation in Human Rights Campaign surveys and removed supplier diversity spending goals. 
Fishback estimates the Meritocracy fund's criteria will eliminate approximately two dozen companies from being eligible for inclusion in the fund. He also intends to pressure excluded companies to drop their DEI policies through public campaigns and behind-the-scenes engagement.&nbsp;
According to <a href="https://www.semafor.com/article/11/26/2024/the-sp-500-without-the-woke-sht-here-come-the-maga-funds">a report</a> from Semafor, Azoria is finalizing a roughly $25 million venture round that Fishback said is sourced from "two prominent conservative-minded California venture capitalists" and family offices.&nbsp;
The firm is also planning more funds in the future. One of the planned future ETFs would trade under the ticker "BTFD" and would "buy the dip" when stocks fall sharply.&nbsp;
Politically Conservative ETFs: The Azoria Meritocracy ETF will join the broader trend of conservative-oriented investment vehicles gaining momentum following Trump&#8217;s election to a second term. 
The Point Bridge America First ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/MAGA#BATS">MAGA</a>) is a currently traded ETF composed of 150 companies from the S&amp;P 500 Index whose employees and political action committees have shown support for Republican candidates and ideals. The fund's top three holdings are ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>), Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) and Vistra Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>).&nbsp;
Other Republican-oriented ETFs available to investors include the American Conservative Values ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACVF#NYSE">ACVF</a>), which avoids companies deemed &#8220;hostile&#8221; to conservative views while investing in firms that meet its conservative criteria. The Unusual Whales Subversive Republican Trading ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/KRUZ#BATS">KRUZ</a>) invests in stocks <a href="https://www.benzinga.com/content/41476008/4-quirky-etfs-with-big-potential-for-impressive-gains">purchased or sold</a> by Republican members of Congress based on STOCK Act filings.
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New ETFs

Politics

ETFs

ACVF

HOOD

KRUZ

MAGA

TSCO

New Conservative ETF Aims To Invest In S&P 500 Without DEI: 'We're Going To Deliver That Mandate'

Financial giants have made a conspicuous bullish move on Lowe's Companies. Our analysis of options history for Lowe's Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) revealed 9 unusual trades.
Delving into the details, we found 66% of traders were bullish, while 33% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $359,168, and 2 were calls, valued at $55,000.
<h3>What's The Price Target?</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $250.0 to $270.0 for Lowe's Companies over the recent three months. 
<h3>Volume &amp; Open Interest Development</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Lowe's Companies's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Lowe's Companies's substantial trades, within a strike price spectrum from $250.0 to $270.0 over the preceding 30 days.
<h3>Lowe's Companies Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733156133_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>LOW</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$7.2</td>
<td>$7.15</td>
<td>$7.15</td>
<td>$270.00</td>
<td>$128.7K</td>
<td>1.9K</td>
<td align="right">646</td>
</tr>
<tr>
<td>LOW</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$7.45</td>
<td>$6.95</td>
<td>$7.15</td>
<td>$270.00</td>
<td>$39.3K</td>
<td>1.9K</td>
<td align="right">356</td>
</tr>
<tr>
<td>LOW</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$7.7</td>
<td>$6.9</td>
<td>$7.15</td>
<td>$270.00</td>
<td>$39.3K</td>
<td>1.9K</td>
<td align="right">301</td>
</tr>
<tr>
<td>LOW</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$7.4</td>
<td>$6.65</td>
<td>$6.9</td>
<td>$270.00</td>
<td>$37.9K</td>
<td>1.9K</td>
<td align="right">221</td>
</tr>
<tr>
<td>LOW</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$6.9</td>
<td>$6.75</td>
<td>$6.9</td>
<td>$270.00</td>
<td>$37.9K</td>
<td>1.9K</td>
<td align="right">221</td>
</tr>
</tbody>
</table>

<h3>About Lowe's Companies</h3>
Lowe's is the second-largest home improvement retailer in the world, operating more than 1,700 stores in the United States, after the 2023 divestiture of its Canadian locations (RONA, Lowe's Canada, Réno-Dépôt, and Dick's Lumber). The firm's stores offer products and services for home decorating, maintenance, repair, and remodeling, with maintenance and repair accounting for two thirds of products sold. Lowe's primarily targets retail do-it-yourself (around 75% of sales) and do-it-for-me customers, but has expanded its commercial and professional business clients to 25% from less than 20% in the past six years. We estimate Lowe's captures a high-single-digit share of the domestic home improvement market, based on US Census data and management's market size estimates.
After a thorough review of the options trading surrounding Lowe's Companies, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Current Position of Lowe's Companies</h3>
<ul>
<li>Currently trading with a volume of 541,140, the LOW's price is down by -0.45%, now at $271.2. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 85 days.</li>
</ul>
<h3>Expert Opinions on Lowe's Companies</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $293.6.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Telsey Advisory Group persists with their Outperform rating on Lowe's Companies, maintaining a target price of $305. 
&#x2A; Maintaining their stance, an analyst from Mizuho continues to hold a Outperform rating for Lowe's Companies, targeting a price of $282. 
&#x2A; Consistent in their evaluation, an analyst from Bernstein keeps a Outperform rating on Lowe's Companies with a target price of $301. 
&#x2A; An analyst from Truist Securities persists with their Buy rating on Lowe's Companies, maintaining a target price of $310. 
&#x2A; Consistent in their evaluation, an analyst from DA Davidson keeps a Neutral rating on Lowe's Companies with a target price of $270. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Lowe's Companies options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

What the Options Market Tells Us About Lowe's Companies

Winners and losers from the November retail sales report

In times of market volatility, driven by geopolitical risks and political uncertainty, dividend growth stocks offer stability and reliable income. Hence, investing in Home Depot (HD), AbbVie (ABBV), and Lowe's Companies (LOW) stocks could be a wise choice for investors seeking long-term growth and consistent cash flow. Read more… Uncertainties all over the world have been contributing to a growing expectation of a volatile market structure for the next year. Volatility caused by geopolitical risks, political uncertainty, and persistently increasing rates of inflation calls for a stable mode of investment away from all this variability.
Amid this backdrop, investors could focus on dividend stocks, The Home Depot, Inc. (<a href="https://stocknews.com/stock/HD/">HD</a>), AbbVie Inc. (<a href="https://stocknews.com/stock/ABBV/">ABBV</a>), and  Lowe's Companies, Inc. (<a href="https://stocknews.com/stock/LOW/">LOW</a>), which are offering steady income and high potential for growth in 2024.
With the world riddled with disruptions caused by a surge in inflation, fraying geopolitics and war, climate disasters, and rapidly evolving technologies, a consistent theme of market volatility has been present for a long time. The future seems unpredictable, and that only <a href="https://www.imf.org/en/Blogs/Articles/2024/10/15/how-high-economic-uncertainty-may-threaten-global-financial-stability">amplifies the financial instability</a> lurking around every corner.
According to the International Monetary Fund (IMF), near-term global financial risks may be contained. However, easing monetary policies could fuel asset price bubbles, and markets might be dangerously underestimating the risks posed by military conflicts and upcoming elections.
A concerning "<a href="https://www.reuters.com/markets/global-markets-might-be-underestimating-geopolitical-risks-imf-says-2024-10-22/">widening disconnect</a>" between heightened geopolitical uncertainty and unusually low market volatility could lead to a market shock. This scenario echoes the chaotic market movements in August, triggered by a Bank of Japan interest rate hike that led to massive de-leveraging.
In these turbulent conditions, dividend growth stocks emerge as a beacon of stability. Offering a <a href="https://www.ssga.com/us/en/intermediary/resources/education/what-is-dividend-investing-understanding-how-it-works">consistent and growing income stream</a>, they are a perfect choice for investors seeking passive income. These stocks provide more than just returns. They offer resilience, weathering the market storms while ensuring a steady flow of dividends.
So, let us dive deep into the fundamentals of three dividend growth stocks, starting with #3.
Stock #3: The Home Depot, Inc. (<a href="https://stocknews.com/stock/HD/">HD</a>)
HD is a home improvement retailer that sells various building materials, home improvement products, lawn and garden products, décor products, facilities maintenance, repair, and operations products. It also offers installation services for flooring, water heaters, bath, garage doors, cabinets, and more.
On June 18, HD <a href="https://ir.homedepot.com/news-releases/2024/06-18-2024-153031934">completed the acquisition</a> of SRS Distribution, Inc., a residential specialty trade distribution company, for a total enterprise value of approximately $18.25 billion. The acquisition could enhance HD's customer service, capabilities, and expertise in specialty trade verticals.
On November 14, HD's declared a <a href="https://ir.homedepot.com/news-releases/2024/11-14-2024-211029079">third-quarter cash dividend</a> of $2.25 per share. The dividend was payable on December 12, 2024, to shareholders of record on the close of business on November 27, 2024. The commitment to returning value may attract long-term investors, potentially supporting stock demand. It also signals a healthy cash flow, reinforcing the company's positive market image.
HD has increased its dividends for 15 consecutive years. It pays an annual dividend of $9, which translates to a 2.16% yield at the current price level. The stock's dividend payouts have increased at a CAGR of 10.9% over the past three years. Moreover, its four-year average dividend yield is 2.31%.
For the third quarter of fiscal 2024, which ended October 27, 2024, HD's net sales increased 6.6% year-over-year to $40.22 billion. Its <a href="https://www.investopedia.com/terms/g/grossprofit.asp">gross profit</a> grew 5.4% from the year-ago value to $13.43 billion. Moreover, the company's adjusted operating income rose 1.9% from the prior year's quarter to $5.56 billion.
In addition, HD's net earnings and adjusted EPS came in at $3.65 billion and $3.78, respectively.
Analysts expect HD's revenue and EPS for the fiscal fourth quarter ending January 2025 to increase 11.2% and 6.9% year-over-year to $38.69 billion and $3.01, respectively. In addition, the company surpassed the consensus EPS estimates in all of the four trailing quarters.
Shares of HD have surged 7.5% over the past three months and 16% over the past year, closing the last trading session at $410.71.
HD's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> mirror its fundamentals. HD has a B grade for Stability, Sentiment, and Quality. The POWR Ratings are calculated by taking into account 118 different factors, with each factor weighted to an optimal degree.
Within the <a href="https://stocknews.com/category/home-improvement-goods/">Home Improvement &amp; Goods industry</a>, HD is ranked #24 out of 57 stocks. In addition to the POWR Ratings highlighted above, you can check HD's ratings for Momentum, Value, and Growth <a href="https://stocknews.com/stock/HD/">here</a>.
Stock #2: AbbVie Inc. (<a href="https://stocknews.com/stock/ABBV/">ABBV</a>)
ABBV discovers, develops, manufactures, and sells pharmaceuticals. Its product portfolio covers a wide range of conditions, such as Immunology, Oncology, Neuroscience, Eye Care, and others. The company also offers facial injectables, plastics and regenerative medicine, body contouring, and skincare products, and more.
On December 13, ABBV <a href="https://news.abbvie.com/2024-12-13-AbbVie-to-Acquire-Nimble-Therapeutics,-Further-Strengthening-Immunology-Pipeline">announced a definitive agreement</a> to acquire Nimble Therapeutics, a biotechnology company offering oral peptide therapeutics. The acquisition enhances ABBV's drug pipeline by integrating Nimble's oral peptide IL23R inhibitor, peptide synthesis, screening, and optimization platform, boosting its ability to expand future therapeutic offerings.
On December 11, ABBV completed the <a href="https://news.abbvie.com/2024-12-11-AbbVie-Completes-Acquisition-of-Aliada-Therapeutics">acquisition of Aliada Therapeutics</a>, a biotechnology company advancing therapies using a novel blood-brain barrier (BBB)-crossing technology to address challenging central nervous system (CNS) diseases.
The acquisition could enhance ABBV's pipeline for the treatment of Alzheimer's disease through Aliada's lead investigational asset is ALIA-1758 and bolster its neuroscience discovery and development.
On October 30, ABBV <a href="https://investors.abbvie.com/news-releases/news-release-details/abbvie-reports-third-quarter-2024-financial-results">announced a 5.8% increase</a> in its quarterly cash dividend, raising it from $1.55 per share to $1.64 per share. The dividend is payable on February 14, 2025, to shareholders of record as of January 15, 2025, rewarding investors with higher returns.
ABBV pays an annual dividend of $6.56, which translates to a 3.78% yield at the current price level. Its dividend payouts have grown at a CAGR of 7.7% over the past five years, while its four-year average dividend yield is 3.91%. ABBV has raised its dividends for 11 consecutive years.
For the fiscal 2024 third quarter that ended September 30, ABBV's net revenues increased 3.8% year-over-year to $14.46 billion. Its operating earnings rose 68% from the year-ago value to $3.83 billion. Additionally, the company's adjusted earnings and adjusted EPS grew 1.5% and 1.7% from the prior year's quarter to $5.33 billion and $3.00, respectively.
For the fiscal fourth quarter ending December 2024, Street expects ABBV's revenue and EPS to increase 3.6% and 6.7% year-over-year to $14.81 billion and $2.98, respectively. Additionally, the company topped the consensus revenue estimates in all four trailing quarters.
ABBV's shares have surged 1.8% over the past six months and 11.4% over the past year to close the last trading session at $171.63.
ABBV's strong prospects are reflected in its POWR Ratings. The stock has an overall rating of A, which translates to a Strong Buy in our proprietary rating system.
ABBV has a B grade for Growth, Sentiment, and Quality. It is ranked #7 out of 153 stocks within the <a href="https://stocknews.com/stock/ABBV/">Medical - Pharmaceuticals</a> industry.
To access ABBV's Momentum, Value and Stability ratings, <a href="https://stocknews.com/stock/ABBV/">click here</a>.
Stock #1: Lowe's Companies, Inc. (<a href="https://stocknews.com/stock/LOW/">LOW</a>)
LOW offers products for construction, maintenance, repair, remodeling, and decorating. The company also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and baths, tools, and more.
On December 11, LOW <a href="https://corporate.lowes.com/newsroom/press-releases/lowes-unveils-2025-total-home-strategy-drive-long-term-growth-and-market-share-12-11-24">introduced new initiatives</a> to drive growth in its Total Home strategy. The company launched AI-driven frameworks to enhance customer experience and boost productivity, providing more personalized service. Additionally, LOW revealed its first product marketplace, offering customers access to a broader range of home improvement items.
The company also announced plans to expand its store presence and increase offerings in rural areas. These initiatives aim to provide customers with greater value, meeting their total home improvement needs with exceptional service. By diversifying product offerings and improving accessibility, LOW seeks to strengthen its market position and foster customer growth.
On November 4, LOW <a href="https://corporate.lowes.com/newsroom/press-releases/lowes-introduces-new-lowes-digital-home-platform-giving-its-loyalty-members-personalized-home-maintenance-support-11-04-24">announced the introduction</a> of Lowe's Digital Home Platform, which will be exclusively available to MyLowe's Rewards members. Through this platform, LOW members have access to free, personalized information about products in their homes, including warranties and manuals, maintenance suggestions, and more.
The exclusive offering can drive repeat business, increase membership, and enhance data collection for targeted marketing, ultimately supporting growth and improving financial performance through higher sales and customer retention.
On November 15, LOW's board of directors announced a <a href="https://corporate.lowes.com/newsroom/press-releases/lowes-companies-inc-declares-cash-dividend-11-15-24">quarterly cash dividend</a> of $1.15 per share. The dividend is payable on February 5, 2025, to shareholders of record as of January 22, 2025.
LOW has raised its dividends for 61 consecutive years, currently offering an annual dividend of $4.60, which equates to a 1.75% yield at the current price level. Furthermore, its dividend payouts have grown at a CAGR of 17.1% over the past three years, with a four-year average dividend yield of 1.67%.
For the third quarter that ended November 1, 2024, LOW's net sales came in at $20.17 billion. Its operating income was reported to be $2.54 billion. Additionally, the company's net earnings and earnings per common share came in at $1.70 billion and $2.99, respectively.
The consensus revenue and EPS estimates of $84.53 billion and $12.51 for the fiscal year ending January 2025 exhibit a year-over-year rise of 1.4% and 5.1%, respectively. Moreover, the company topped the consensus EPS estimates in all four trailing quarters, which is impressive.
The stock has surged 6.3% over the past nine months and 15.3% over the past year to close the last trading session at $260.10.
LOW's POWR Ratings reflect its robust prospects. The stock has an overall rating of B, equating to a Buy in our proprietary rating system.
LOW has a B grade for Quality. Within the Home Improvement &amp; Goods industry, it is ranked #12 out of 57 stocks.
<a href="https://stocknews.com/stock/LOW/">Click here</a> to access LOW's ratings for Stability, Sentiment, Growth, Value, and Momentum.
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<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>
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HD shares were unchanged in premarket trading Tuesday. Year-to-date, HD has gained 21.42%, versus a 28.87% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aanchal Sugandh</h2> <img src='https:/wp-content/uploads/2022/12/Aanchal-Sugandh_Headshot.jpg' style="float:left; padding:5px;width:125px;">Aanchal's passion for financial markets drives her work as an investment analyst and journalist. She earned her bachelor's degree in finance and is pursuing the CFA program.

She is proficient at assessing the long-term prospects of stocks with her fundamental analysis skills. Her goal is to help investors build portfolios with sustainable returns.<a href="https://stocknews.com/authors/?author=aanchal-sugandh">More...</a>The post <a href=https://stocknews.com/news/hd-abbv-low-3-high-potential-dividend-growth-stocks-for-2024/>3 High-Potential Dividend Growth Stocks for 2024</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 High-Potential Dividend Growth Stocks for 2024

The consumer discretionary industry is well-positioned for significant growth due to increasing consumer spending and evolving consumer priorities. Given this backdrop, it could be wise to buy top consumer discretionary stocks Booking Holdings (BKNG), Lowe's Companies (LOW), and The TJX Companies (TJX). Read more... Investors are attracted to consumer discretionary stocks because they offer the potential for substantial returns, driven by heightened spending on nonessential goods and services during periods of economic expansion.
Given the industry's tailwinds, investors could consider buying fundamentally sound consumer discretionary stocks: Booking Holdings Inc. (<a href="https://stocknews.com/stock/BKNG/">BKNG</a>), Lowe's Companies, Inc. (<a href="https://stocknews.com/stock/LOW/">LOW</a>), and The TJX Companies, Inc. (<a href="https://stocknews.com/stock/TJX/">TJX</a>).
As per the reports by McKinsey, in the third quarter of 2024, <a href="https://www.mckinsey.com/industries/consumer-packaged-goods/our-insights/the-state-of-the-us-consumer">optimism regarding the U.S. economy</a> reached its highest point in a year. Consumer Spending in the United States increased to <a href="https://tradingeconomics.com/united-states/consumer-spending">$16.11 trillion in the third quarter of 2024</a> from $15.97 trillion in the second quarter of 2024.
In addition, U.S. retail sales increased 0.4% month-over-month in October 2024, following an upwardly revised <a href="https://tradingeconomics.com/united-states/retail-sales">0.8% gain in September</a> and above market forecasts of 0.3%. Also, the National Retail Federation forecasts a 2.5% to <a href="https://nrf.com/media-center/press-releases/nrf-forecasts-retail-sales-reach-least-523-trillion-2024">3.5% rise in 2024</a> retail sales, reaching up to $5.28 trillion. 
Considering these encouraging trends, let's take a look at the fundamentals of the three best consumer discretionary stocks.
Booking Holdings Inc. (<a href="https://stocknews.com/stock/BKNG/">BKNG</a>)
BKNG provides online and traditional travel and restaurant reservations and related services internationally. The company operates Booking.com, which offers online accommodation reservations, and Priceline, which provides online travel reservation services.
BKNG's trailing-12-month gross profit and EBIT margins of 84.67% and 28.70% are 124.6% and 254% higher than the respective industry averages of 37.71% and 8.11%. Likewise, the stock's trailing-12-month net income margin of 21.85% is significantly higher than the industry average of 4.08%.
BKNG's total revenues for the third quarter that ended September 30, 2024, increased 8.9% year-over-year to $7.99 billion. Its operating income came in at $3.18 billion, up 2.4% from the year-ago quarter. The company reported net income of $2.52 billion and $74.34 per common share, both up marginally from the prior-year quarter, respectively.
Analysts expect BKNG's revenue for the fiscal fourth quarter ending December 2024 to increase 8.3% year-over-year to $5.18 billion. For the same quarter, Street expects its EPS to increase 12.6% year-over-year to $36.02. The company surpassed its revenue and EPS estimates in each of the trailing four quarters, which is promising.
BKNG's stock has soared 48.8% over the past nine months to close the last trading session at $5185.33.
BKNG's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its positive outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
The stock has an A grade for Quality and a B for Sentiment. It is ranked #15 in the 52-stock A-rated <a href="https://stocknews.com/category/internet/">Internet</a> industry.
Beyond what is stated above, we've also rated BKNG for Growth, Momentum, Stability, and Value. Get all BKNG ratings <a href="https://stocknews.com/stock/BKNG/">here</a>.
Lowe's Companies, Inc. (<a href="https://stocknews.com/stock/LOW/">LOW</a>)
LOW operates as a home improvement retailer that offers a line of products for construction, maintenance, repair, remodeling, and decorating, as well as home improvement appliances.
LOW's trailing-12-month net income margin of 8.19% is 100.4% higher than the industry average of 4.08%. Its trailing-12-month EBIT margin of 12.33% is 52% higher than the 8.11% industry average. Also, the stock's trailing-12-month EBITDA margin of 14.66% is 28.3% higher than the 11.43% industry average.
During the fiscal third quarter, which ended November 1, 2024, LOW's net sales were reported at $20.17 billion. The company reported net earnings and earnings per common share of $1.70 billion and $2.99, respectively.
Analysts expect LOW's revenue to increase 1.5% year-over-year to $84.56 billion, accompanied by a projected 5.8% year-over-year rise in EPS to $12.59 for the fiscal year ending January 2026. Moreover, the company has surpassed consensus EPS estimates in each of the trailing four quarters, which is impressive.
Shares of LOW have gained 30% over the past year to close the last trading session at $270.11.
LOW's POWR Ratings reflect bright prospects. The stock has an overall rating of B, which equates to Buy in our proprietary rating system.
LOW has a B grade for Quality. It is ranked #13 out of 57 stocks in the <a href="https://stocknews.com/category/home-improvement-goods/">Home Improvement &amp; Goods</a> industry.
In addition to the POWR Ratings highlighted above, one can access LOW's ratings for Growth, Value, Momentum, Sentiment, and Stability <a href="https://stocknews.com/stock/LOW/">here</a>.
The TJX Companies, Inc. (<a href="https://stocknews.com/stock/TJX/">TJX</a>)
TJX operates internationally as an off-price apparel and home fashion retailer. The company operates through four segments: Marmaxx; HomeGoods; TJX Canada; and TJX International.
On June 7, TJX entered into a definitive agreement for a joint venture with Grupo Axo, S.A.P.I. de C.V., an operator of global brands in Mexico and South America. Under the agreement, TJX owns 49% of the joint venture, and Axo owns 51% of the joint venture. The agreement comprises Axo's off-price physical store business in Mexico, which includes over 200 stores.
The strategic collaboration with Axo expands TJX's operations in Mexico and offers opportunities to grow and enhance the country's leading off-price retailer.
During the third quarter that ended November 2, 2024, TJX's <a href="https://www.investopedia.com/terms/n/netsales.asp">net sales</a> rose 6% year-over-year to $14.06 billion, and its total segment profit grew 10.2% year-over-year to $1.84 billion. The company's income before income taxes rose 9.3% from the year-ago value to $1.74 billion.
Furthermore, the company's net income and EPS came in at $1.30 billion and $1.14, up 8.9% and 10.7% year-over-year, respectively.
Street expects TJX's revenue and EPS for the first quarter (ending April 2025) to increase 5.7% and 6.8% year-over-year to $13.19 billion and $0.99, respectively. Moreover, the company topped the consensus EPS and revenue estimates in all four trailing quarters, which is impressive.
TJX's stock has increased 32.6% over the past nine months and 42.7% over the past year to close the last trading session at $127.20.
TJX's strong fundamentals are reflected in its POWR Ratings. It has an overall rating of B, which equates to Buy in our proprietary rating system.
TJX has a B grade for Momentum, Sentiment, Stability, and Quality. It is ranked #20 out of 60 stocks in the B-rated <a href="https://stocknews.com/category/fashion-luxury/">Fashion &amp; Luxury</a> industry.
<a href="https://stocknews.com/stock/TJX/">Click here</a> to access the additional TJX ratings (Growth and Value).
What To Do Next?
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BKNG shares were trading at $5,276.98 per share on Wednesday afternoon, up $91.65 (+1.77%). Year-to-date, BKNG has gained 50.08%, versus a 29.14% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Nidhi Agarwal</h2> <img src='https:/wp-content/uploads/2023/03/Nidhi-Agarwal_Headshot-3.jpg' style="float:left; padding:5px;width:125px;">Nidhi is passionate about the capital market and wealth management, which led her to pursue a career as an investment analyst. She holds a bachelor's degree in finance and marketing and is pursuing the CFA program.

Her fundamental approach to analyzing stocks helps investors identify the best investment opportunities.<a href="https://stocknews.com/authors/?author=nidhi-agarwal">More...</a>The post <a href=https://stocknews.com/news/bkng-low-tjx-3-consumer-discretionary-stocks-riding-the-spending-wave/>3 Consumer Discretionary Stocks Riding the Spending Wave</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Consumer Discretionary Stocks Riding the Spending Wave

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