Banco Santander S.A. has increased its stock holdings in
Lowe's Companies, Inc. (NYSE: LOW), prompting mixed market reactions. While some insiders at Lowe's sold stocks worth US$1.5m, projecting potential weakness in the company's performance, StockNews.com has upgraded the
investor rating of Lowe’s stocks. Despite a 10% dip in the stock value over the past three months, several analysts have continued to hold, buy or upgrade LOW stocks. Some see the 5% increase of
Lowe's quarterly cash dividends and LOWE'S Companies' declaration of a
cash dividend as reasons to invest. However, Lowe’s shares have witnessed a drop due to a softer outlook on home-improvements. Q1 earnings beat expectations despite decreasing 4.1% Y/Y, and the resultant slump in DIY sales. Despite stock performances on specific days suggesting hesitancy,
Lowe’s Companies, Inc. continues to trend and attract investor attention. However, LOW's management predicts sales and profit drops in 2024, prompting condition-based
buy recommendations from analysts. Shareholder hesitation has been noted in connection to the current Lowe's CEO’s pay package.
Lowes Stocks LOW News Analytics from Fri, 17 Nov 2023 08:00:00 GMT to Sun, 21 Jul 2024 15:09:13 GMT -
Rating -3
- Innovation 6
- Information 7
- Rumor -8
