LOW - Lowe's: Track Record Is Good But Facing Near Term Challenges
2024-05-11 07:39:32 ET
Summary
- Lowe's is a US hardware retailer competing with Home Depot in the home improvement space.
- The company has a strong track record of dividend growth and has reduced its outstanding sharecount under CEO Marvin Ellison.
- The home improvement market is currently facing a downturn due to a slowdown in home sales, driven by higher interest and mortgage rates.
Introduction
Lowe's (NYSE: LOW ) is a US hardware retailer which competes in both the DIY and professional contractor space. Lowe's is the number two player in the home improvement space behind market leader Home Depot (NYSE:HD). Lowe's provides a wide range of home improvement products including plumbing, electrical equipment, garden products etc. The firm operates an omni-channel sales distribution model, offering products in-store, online or through a delivery service for professionals at their place of work....
Lowe's: Track Record Is Good But Facing Near Term Challenges