LOW - Lowe's Companies, Inc. (NYSE Stock) - Stock Market Forum, Penny Stocks, FOREX, NASDAQ, AMEX, NYSE, Live Chat

**BadThad** · #1 08-17-2009, 03:55 PM

Down today from earnings report. Might be worth watching for a bounce.

Lowe's Companies, Inc. - Google Finance

Current stock price: $20.47

**BadThad** · #2 08-17-2009, 05:02 PM

Stock closed at $20.47, down $2.36/10.34%.

teenwolf41 · #3 08-17-2009, 10:57 PM

I love Home Depot a lot better and it has a better yield. If HD reports bad numbers tomorrow that could be worth a look. But LOW and HD are two good ways to play the housing recovery.

**BadThad** · #4 08-18-2009, 11:13 AM

LOW looks to be leveling off, down only -0.10 to $20.37 this morning.....could be bottom?

**BadThad** · #5 08-18-2009, 02:05 PM

$19.97....I'm watching closely!

teenwolf41 · #6 08-18-2009, 07:51 PM

HD completely ate LOW's lunch today. Would be much safer in HD

**BadThad** · #7 08-19-2009, 12:42 PM

Stock flat today, 19.68-19.99, currently at 19.92....should be a bottom.

**BadThad** · #8 02-22-2010, 11:10 AM

Earnings:

Quote:

Lowe’s Cos. Inc., which operates 18 Lowe’s home improvement stores in the 13-county Triangle area, on Monday reported increased earnings for its fourth quarter, ended Jan. 29. But results for the full year were down.

In another announcement Monday, Lowe’s (NYSE:LOW) said it has authorized a $5 billion share-buyback program. The company expects to purchase the stock over the next three years.

Lowe’s shares have traded between $13 and $24.50 over the last year. The stock closed Friday at $23.13 per share.

The earnings report Monday morning showed that Lowe’s earned $205 million, or 14 cents per diluted share, in the latest quarter, up from $162 million, or 11 cents per diluted share, in the fourth quarter of 2008.

Lowe’s exceeded analysts’ consensus estimate of 12 cents per share.

Sales grew 1.8 percent, to $10.2 billion. Sales at stores in operation for more than a year dropped 1.6 percent, but that improved on the downward trend earlier in the year.

“While the psychological impact of falling home prices and an uncertain employment picture continue to weigh on consumers, improving comparable-store sales trends, including improvement in many bigger-ticket, project categories, provides an encouraging sign that consumers are gaining the confidence to take on more discretionary projects,” Chief Executive Robert Niblock said in a statement Monday morning.

For the full year, Lowe’s earnings fell 18.8 percent to $1.78 billion, or $1.21 per diluted share, from nearly $2.2 billion, or $1.49 per diluted share, the previous year.

On average, analysts had forecast that the company would earn $1.23 per share in fiscal 2009.

Revenue declined 2.1 percent, to $47.2 billion.

For its first quarter ending April 30, Lowe’s expects earnings to range between 27 cents and 29 cents per diluted share. Lowe’s earned 32 cents per diluted share in the first quarter of 2009.

Lowe’s operates more than 1,700 stores in North America. On Feb. 8, it opened its first two stores in Mexico — both in Monterrey. The company expanded into Canada in 2007 and now has 16 stores there

Current stock price: $23.22

**greencat** · #9 12-02-2010, 08:15 PM

Low had a nice move today and running into resistance but it looks like it make the cop pattern.

LOW Chart

RogerLoomis · #10 12-10-2010, 03:53 PM

Well, it's at 24+ right now so I think investors are pushing it up despite weaker job numbers this morning. Overall, I think it's going to rise steadily over the next couple of years. Management is working on increasing margins by cutting costs where they can. Americans are bound to release pent-up demand for renovations, especially once home sales start to pick up again in 2011 / 2012. Good long term bet, I think.