LOW - Should You Buy Lowe's Stock Hand Over Fist With $1000 Right Now?
2024-03-05 07:05:00 ET
Lowe's Companies (NYSE: LOW) recently reported results for its fiscal 2023 fourth quarter (ended Feb. 2). Net sales of $18.6 billion were 17% lower compared to the year-ago period, with diluted earnings per share (EPS) coming in at $1.77. The headline figures were better than what Wall Street analysts were expecting.
Like its larger peer, Home Depot , this business is dealing with ongoing headwinds that pressure demand for home improvement products. As of Feb. 27, the retail stock was 12% below its all-time high, even though it has soared 120% in the last five years.
Is it the right time to buy Lowe's hand over fist with $1,000?
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Should You Buy Lowe's Stock Hand Over Fist With $1,000 Right Now?