AMI Investment Management Inc. has sold its shares in Lowe's Companies, Inc. (NYSE:LOW). The company missed its sales forecasts and cut its full-year outlook, expecting weaker home improvement sales despite Q2 earnings surpassing estimates. In the past three months, the stock has experienced a 10% dip. Analysts recommend a hold now and propose buying when the price dips further.
Q1 earnings placed Lowe's in the context of other home furnishing and improvement retail stocks. Despite this, investors are heavily searching the company. It's been up 17% since 2023, and insiders have sold US$1.5m in stock, possibly indicating potential weakness.
Meanwhile, Lowe's dividends have increased to $1.15 and the stock has suffered a slight fall due to a soft home-improvement outlook. The Lowe's Company has released FY25 earnings guidance and has been compared with Home Depot in terms of investment worthiness. Even though it's down year-to-date, it is seen as a pivotal dividend stock to buy.
Lowe's performance is compared to other retail stocks and despite being under pressure and downgraded, it has increased its dividend, making it a possible smart investment choice.
Lowes Stocks LOW News Analytics from Tue, 26 Dec 2023 08:00:00 GMT to Sun, 25 Aug 2024 20:17:51 GMT - Rating -5 - Innovation 1 - Information 7 - Rumor 6
