Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
$70 is the absolute floor if we enter another recession soon IMO. I've been holding a position in Lowe's since 2010. I always sell half on spikes and reload on dips. My position continues to grow. The dividend has also been increasing. Holding a position here has paid off very well. Marvin is making a lot of changes for Lowe's. Some good and some bad IMO. Hopefully the good outweighs the bad. We shall see soon enough. Marvin has been increasing his position and Lowe's has funds set aside for share buybacks. At least they are focusing on technology and growing our online presence. I would also like to see them put taking care of the customers in the stores as top priority again. Home Depot is beating them on this front. Business relies on word of mouth. If Lowe's customers don't get enough help in the stores they will spend their money at HD or with other competitors. Shareholders will oust Marvin if he doesn't perform for us.
My target is 50. No really, the money they wasted at JCpennies will be the same here. Maybe not this week or even year but there will be a slow death to Lowe's..
So much for holding people accountable for keeping the stores clean and also assembling things. While they can assume there is no liability there will always be. But they can't write the people they outsourced up like they used too.
We may hit your targets this week racer115.
doubt its going to $90
& on “thelayoff.com” says more cuts to come: unload crew is next, then more specialists.
I expected they would cut store employees to help pay for the new technology hub in Charlotte. Hopefully they can get some of the LowBots to replace the employees that they are eliminating lol.
http://www.lowesinnovationlabs.com/lowebot
Lowe’s Lays Off Thousands of Store Workers
Home-improvement chain will outsource maintenance, assembly jobs as retailers scrutinize labor costs
By Sarah Nassauer
Updated Aug. 1, 2019 5:52 pm ET
Lowe’s Co LOW -1.88%? s. told thousands of store workers this week their jobs were being eliminated as the company outsourced tasks such as assembling barbecue grills and janitorial services.
The home-improvement chain notified maintenance staff and assemblers that put together grills, wheelbarrows and other products that they were being laid off, according to the company and employees. Those roles will be taken over by third-party companies.
Each of Lowe’s roughly 1,800 U.S. stores has several staff members doing these jobs. Laid off employees, including full-time staff with years of service, aren’t being paid severance. Instead they are being offered “transition pay” totaling up to about two weeks for full-time workers, one employee said. All workers are able to reapply for open positions with the company, employees said, but aren’t guaranteed the same hourly pay.
Lowe’s employed 190,000 full-time and 110,000 part-time workers as of Feb. 1.
“We are moving to third-party assemblers and facility services to allow Lowe’s store associates to spend more time on the sales floor serving customers,” said a spokeswoman for Lowe’s.
The move is a sign that new CEO Marvin Ellison plans to continue to cut costs aggressively to improve profits at the chain. Earlier this year, the company lowered its profit targets for the year.
What staffing changes have you noticed at your local stores as the retail business evolves? Join the conversation below.
.
Traditional retailers are scrutinizing their labor costs as they face increasing competition and adapt to consumers making more of their purchases online. Retailers from Walmart Inc.to the smallest shops are under pressure as they increase starting hourly wages to attract workers in a tight U.S. job market. Walmart is testing a new store management structure that will thin middle-manager ranks. Lowe’s and rival Home Depot Inc.have added self-checkout counters to free workers for other roles.
Mr. Ellison—previously a senior executive for Home Depot and most recently CEO of struggling department store J.C. Penney Co. —took over at Lowe’s last summer and moved quickly to shuffle executive ranks, often giving top jobs to former colleagues from Home Depot. He closed 47 less-profitable U.S. and Canadian stores last year and shut down Orchard Supply Hardware stores, a small regional hardware chain that Lowe’s acquired five years previously.
In recent years, Lowe’s sales growth has lagged behind rival Home Depot. Investors largely cheered Mr. Ellison’s arrival at Lowe’s as an opportunity to boost performance. In the most recent quarter, Lowe’s sales growth outpaced Home Depot for the first time since 2016. But profit margins declined more than expected and Lowe’s cut its profit expectations for the year, leading to a 12% drop in the company’s stock that day.
I agree. Nice timing on the sell. I came into LOW at 93 due to the short term upside back to 120s (I hope!). HD a superior company and I watch that for any chance to snag a deal also.
Lowe’s stock will never catch up to Home Depot, not in my lifetime. HD owns about 10-20 other successful companies within their stock it’s not just HD. Lowe’s stores are run so loosely, they throw $ in the garbage, let product walk out the door, if investors knew everything that goes on at the stores, they would be out so quick. Lowe’s is making a shit ton of $, but they could be making so much more, if the stores were run tighter/micromanaged. I sold my stock @ about 117.
Too funny! :) trading is a skill I have not mastered but doing well for quite some time now:). Glta!
Exactly. Watch I can do that too - first target 87, second 84. How easy is this??? LOL
no way that low
Decent drop this week. We're getting closer ;)
Nice, 1st target 93 2nd 90
I sold half of my position today. I'm just waiting for the next dip to reload.
News: $LOW Lowe's Canada presents a total of $1.3 million to the Charles-Bruneau Foundation
Lowe's Canada presents a total of $1.3 million to the Charles-Bruneau Foundation Canada NewsWire BOUCHERVILLE, QC, July 6, 2019 For its second year as a Diamond Partner of the Tour CIBC Charles-Bruneau, Lowe's Canada brings together a team of some 120 cyclists BO...
In case you are interested Lowe's Canada presents a total of $1.3 million to the Charles-Bruneau Foundation
Factor we live here. How I ask? Stores are crap today, morale low, then what is this technology hub thing they are doing??? They venturing into some other industry?? Many want to know. makes no sense. Seems City of Charlotte & State both kicking in $$$ to help them build this on South end of Charlotte. The new Chicago today, we don't even go there any longer. Already surpassed all murders for all of last year as of last week. Murder rate very high and increasing weekly... Charlotte a very different place than it once used to be...
Now the County Commissioners are wanting to enact a 3rd new major tax increase this year and many folks being hurt badly financially because of it.. All Democrat Commission, all major City job Heads are now black too so no need to go on about how black folks are being suppressed- they hold all top positions in City as well as County police today...
Hey all what about this mega $Million technology HQ center Lowes is going to build on South end of Charlotte now? Will be Charlotte's newest skyscraper building after the new Duke Energy skyscraper HQ bldg... telling locals average job pays over $128K !!! Who, where, how? Damn cashiers here still making 10.00/hour after even 10 years !!
I sold all my shares today:)
Lowe's is adding a new Technology hub in Charlotte NC. They will be employing over 1600 employees focused on Technology. I have a feeling the market may view this positively and the PPS may go a little higher.
New cash dividend! This is questionable! Margin is still low so my questions are why the hike?
I’ve been reading some message boards and people post charts in the past like they are pros. I’m definitely not a pro nor claim to be one! Please don’t do this!!! You are only fooling yourself and other people’s hard earned $$$$!
Nice! My car is parked. Will add more around $88 if it comes. Still have dry power:)
Nice! I just added as well.
Lowe's $LOW Master Bounce Level Revealed
Shares of Lowe's (LOW) continue to fall sharply after their latest earnings report was horrid. The stock is down from a 52 week high of over $118 in April 2019 to its current $93.00 price. The exodus from the stock is getting overdone, but a swing trade bounce won't come into the stock until it tags $90. Once at $90, there is a multi-factor support level that will pop the stock to almost $100. Pro traders are eyeing $90 as a sweet swing trade level.
Gareth Soloway
InTheMoneyStocks
Lowe's Cos Inc $LOW Keeps Falling And It Can Go Lower
Lowe's Companies, Inc. (Lowe's) is a leading home improvement company. The Company operates approximately 2,370 home improvement and hardware stores in the United States, Canada and Mexico. Recently, the stock plunged sharply lower after reporting earnings that disappointed the street. Traders and investors should note that the stock actually topped out on April 17, 2019 at $118.23 a share. Today, the stock is trading lower by $2.13 to $93.21 a share. The stock is now trading below it's important 200-day moving average which puts the stock in a weak technical position. In the near term, the stock could have some short term support around the $90.00 area. Unfortunately, the bigger time frame charts are suggesting lower prices are still in the cards for LOW stock. The next major support level for the stock will likely be around the $75.00 level. This important support area is where the stock was defended back in September 2017, it will likely be defended again at that level when retested.
Nicholas Santiago
InTheMoneyStocks
$LOW HAS HOME DEPOT LOWERED EXPECTATIONS FOR LOWE'S?
Dependant on your perspective the chart of NYSE:LOW could be interpreted as bullish or bearish . Many of the indicators are positive but that may be offset by market sentiment in the retail sector. Home depot reported today and it was not exactly a blowout quarter, with as expected weather issues interfering with sales. Lumber prices were also an issue and that will be no different for Lowes. It is indeed difficult to make any trading decisions in the current market with such volatility but we believe that the correction in NYSE:LOW has a little further to go.
We have no position and will not make any call either way until after earnings but there is plenty of time to get involved.
$LOW HAS HOME DEPOT LOWERED EXPECTATIONS FOR LOWE'S?
Dependant on your perspective the chart of NYSE:LOW could be interpreted as bullish or bearish . Many of the indicators are positive but that may be offset by market sentiment in the retail sector. Home depot reported today and it was not exactly a blowout quarter, with as expected weather issues interfering with sales. Lumber prices were also an issue and that will be no different for Lowes. It is indeed difficult to make any trading decisions in the current market with such volatility but we believe that the correction in NYSE:LOW has a little further to go.
We have no position and will not make any call either way until after earnings but there is plenty of time to get involved.
I think tides are changing, look at the volume in the last 2 days! 2.6 million sell and 2.4 million buy. Big boys hard at work. Usually a good indication. Looking forward to Wednesday next week to confirm.
I bought a handful just now in after hours
I hope so. I've still got half my funds set aside from LOW stock I sold on the spike. I love building my position without having to add additional funds.
This is going lower. May take a couple weeks but 91 is looking good!
Lowes does offer tool rental at a few select locations buy nowhere near the scale that Home Depot offers it.
If Marvin doesn't perform for shareholders, I'm sure Lowes won't keep him.
One of the biggest things that lowes is lacking that Home Depot provides their customers is tool rental. I just read that Home Depot made the smart move and is adding to their tool rental program. I believe that adding tool rental to the stores would bring in customers. All of the sales that they ran last quarter with no employees in the stores to help customers did not help numbers any. Customers remember those shopping experiences where they could not find any help in the store, and then had to wait a long period of time in line to be checked out. They end up shopping with the competitor next time. Lowes needs to put the customers needs first and the numbers will improve IMO.
Bad earnings report now... You can thank Marvin Ellison. Look at JCP and see what his self-serving did there. Only good thing is JCP's new CEO and her top retail industry management team have merit-based comp plans now in place which is what other Corps should be doing! They only get future comp plans/bonuses in 3 years if they are successful for Shareholder invested amounts which is how it should be everywhere !
Getting close!
Thanks racer115. I may have been a little early though. We may hit at least you first target. If it drops to your second target, I'll be adding more as well.
Nice buy! Same store comp is better than expected. + a beat on hd
I just added at 98.35
Financials are coming soon! Always a gamble. My chips are off the table. Trend is my friend:)
Getting closer ;)
Followers
|
29
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
582
|
Created
|
12/20/04
|
Type
|
Free
|
Moderators |
Lowe’s Companies, Inc. is a home improvement retailer, with specific emphasis on retail do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers, who utilize its installation services, and commercial business customers. The Company offers a line of products and services for home decorating, maintenance, repair, remodeling and property maintenance. As of February 1, 2008, it operated 1,534 stores in 50 states and Canada, with 174 million square feet of retail selling space. Lowe’s Companies, Inc. serves homeowners, renters and commercial business customers. Homeowners and renters primarily consist of do-it-yourselfers, and others buying for personal and family use. Commercial business customers include repair and remodeling contractors, electricians, landscapers, painters, plumbers, and commercial and residential property maintenance professionals, among others. |
https://twitter.com/lowes http://www.lowes.com/l/company-information.html
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |