Lowe's Companies에 대한 매도 수량은 투자자에게 Lowe's Companies의 주식 하락에 베팅하는 정도를 알려줍니다. 매도 수량 데이터는 2주마다 업데이트됩니다.

Lowe's Companies (NYSE:LOW) 주식, 공매도 수량 보고

Lowe's Companies

Lowe's

Lowe's is the second-largest home improvement retailer in the world, operating more than 1,700 stores in the United States, after the 2023 divestiture of its Canadian locations (RONA, Lowe's Canada, Réno-Dépôt, and Dick's Lumber). The firm's stores offer products and services for home decorating, maintenance, repair, and remodeling, with maintenance and repair accounting for two thirds of products sold. Lowe's targets retail do-it-yourself (around 75% of sales) and do-it-for-me customers as well as commercial and professional business clients (around 25% of sales). We estimate Lowe's captures a high-single-digit share of the domestic home improvement market, based on US Census data and management's market size estimates.

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Equities

Markets

Trading Ideas

소매 투자업계 베테랑인 세스 골든(Seth Golden)이 최근 윌리엄스 %R(Williams %R)이라는 널리 사용되는 오실레이터에 따라 S&amp;P 500이 무려 1년 내내 과매수 상태에 있었다고 경고했다.

S&amp;P 500이 1년간 과매수 상태에 있었다고 경고하는 그가 주목하는 주식 3종목

News

GNRC

허리케인 헬렌(Helene)이 상륙한 후 3개 주에서 최소 28명이 사망한 것으로 알려졌다. 무슨 일이 (What Happened): 허리케인 헬렌은 목요일 밤 플로리다에 상륙했을 때 카테고리 4 태풍으로 분류되었다. 이는 시속 100마일 이상의 강풍과 폭우를 동반했다.

허리케인 헬렌 업데이트: 28명 사망, 전력 공급 중단, 보험 손해 및 그 외

Earnings Beats

Price Target

Reiteration

Analyst Ratings

로우스(NYSE:LOW)의 주가는 회사가 회계 2분기에 대해 엇갈린 결과를 발표한 후 수요일 오후 거래에서 소폭 상승했다. 이 회사는 흥미로운 실적 시즌 중에 결과를 발표했다. 다음은 몇 가지 주요 분석가들의 시사점이다.

로우스의 2분기 실적은 프로의 강점과 DIY의 약점을 반영한다고 분석가들이 주장

Lowe's Companies Inc

Loser Coin

Lowell Farms Inc

AB Active ETFs, Inc. AB US Low Volatility Equity ETF

SPDR SP 500 LV ETF

LOWE'S COMPANIES ORD

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Piper Sandler boosted The Trade Desk, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>) price target from $110 to $140. Piper Sandler analyst Matt Farrell reiterated an Overweight rating. Trade Desk shares closed at $132.53 on Wednesday. See how other analysts view this stock.</li>
<li>Scotiabank raised the price target for Cloudflare, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NET#NYSE">NET</a>) from $85 to $87. Scotiabank analyst Patrick Colville maintained a Sector Perform rating. Cloudflare shares closed at $95.66 on Thursday. <a href="https://www.benzinga.com/quote/NET/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Wells Fargo raised the price target for Doximity, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOCS#NYSE">DOCS</a>) from $19 to $41. Wells Fargo analyst Stan Berenshteyn upgraded the stock from Underweight to Equal-Weight. Doximity shares closed at $43.42 on Thursday. <a href="https://www.benzinga.com/quote/DOCS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Baird cut Yelp Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YELP#NYSE">YELP</a>) price target from $39 to $37. Baird analyst Colin Sebastian maintained a Neutral rating. Yelp shares settled at $36.37 on Thursday. <a href="https://www.benzinga.com/quote/YELP/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Telsey Advisory Group raised Lowe&#8217;s Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) price target from $275 to $305. Telsey Advisory Group analyst Joseph Feldman upgraded the stock from Market Perform to Outperform. Lowe&#8217;s shares closed at $266.30 on Thursday. <a href="https://www.benzinga.com/quote/LOW/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird boosted Fortinet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) price target from $80 to $88. Baird analyst Shrenik Kothari maintained an Outperform rating. Fortinet shares closed at $83.68 on Thursday. <a href="https://www.benzinga.com/quote/FTNT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Citigroup raised the price target for Chewy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>) from $28 to $40. Citigroup analyst Steven Zaccone upgraded the stock from Neutral to Buy. Chewy shares settled at $30.79 on Thursday. <a href="https://www.benzinga.com/quote/CHWY/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Piper Sandler raised Veeva Systems Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VEEV#NYSE">VEEV</a>) price target from $230 to $280. Piper Sandler analyst Brent Bracelin maintained an Overweight rating. Veeva shares closed at $223.39 on Thursday. <a href="https://www.benzinga.com/quote/VEEV/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Stifel raised the price target for Orthofix Medical Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OFIX#NASDAQ">OFIX</a>) from $18 to $24. Stifel analyst Mathew Blackman upgraded the stock from Hold to Buy. Orthofix Medical shares closed at $18.22 on Thursday. <a href="https://www.benzinga.com/quote/OFUX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Baird increased Under Armour, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UAA#NYSE">UAA</a>) price target from $8 to $10. Baird analyst Jonathan Komp maintained a Neutral rating. Under Armour shares closed at $11.13 on Thursday. <a href="https://www.benzinga.com/quote/UAA/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
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Pre-Market Outlook

CHWY

DOCS

FTNT

OFIX

VEEV

YELP

Lowe's To Rally Around 15%? Here Are 10 Top Analyst Forecasts For Friday

Telsey Advisory Group analyst Joseph Feldman upgrades Lowe's Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) from Market Perform to Outperform and raises the price target from $275 to $305.

Upgrades

Telsey Advisory Group Upgrades Lowe's Companies to Outperform, Raises Price Target to $305

Truist Securities analyst Scot Ciccarelli maintains Lowe's Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) with a Buy and raises the price target from $306 to $307.

Truist Securities Maintains Buy on Lowe's Companies, Raises Price Target to $307

Hurricane Rafael made landfall in Cuba as a Category 3 storm on Wednesday. Here's a look at what stocks could be affected as the hurricane takes <a href="https://www.benzinga.com/markets/equities/24/10/41240852/back-to-back-hurricanes-batter-floridas-insurance-market-stocks-to-watch">aim at the Gulf of Mexico. </a>
What To Know: According to <a href="https://www.foxweather.com/weather-news/tracking-hurricane-rafael-us-gulf-of-mexico-caribbean">a report</a> from Fox Weather, Hurricane Rafael made landfall in the Cuban province of Artemisa with sustained winds of 115 miles per hour, making it a Category 3 hurricane. The storm is expected to enter the Gulf of Mexico on Wednesday night and residents along the coast from Florida to Texas will be watching the storm's path.&nbsp;
Read Next: <a href="https://www.benzinga.com/news/24/11/41781921/what-does-trumps-victory-mean-for-ev-giant-tesla-and-the-big-3-automakers">What Does Trump&#8217;s Victory Mean For EV Giant Tesla And The Big 3 Automakers?</a>
What To Watch: Hurricanes affect people, homes and companies in their paths and spread wide-reaching effects on various sectors and industries. Insurance companies see an influx of claims resulting from damage to property and vehicles. Homes will have to be repaired and rebuilt driving sales of lumber, windows and sheetrock higher. Power outages cause consumers to seek portable generators as an alternative way to power their homes.&nbsp;
Home improvement stores like Home Depot Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) and Lowe&#8217;s Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) could see a pop in sales as people rush to secure their homes before the storm and repair damage after. 
Generac Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNRC#NYSE">GNRC</a>) designs and manufactures standby generators and portable generators and often sees its shares rise before and after major weather events. 
Shares of insurance companies tend to drop after natural disasters and investors may want to keep an eye on Allstate Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>), Travelers Companies, Inc.(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>) and Chubb Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>) in the days and weeks following a potential landfall from Hurricane Rafael. 
Power companies including Duke Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUK#NYSE">DUK</a>) and Southern Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SO#NYSE">SO</a>) could face increased labor costs and additional costs to repair infrastructure after the storm.
Read More:&nbsp;
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<li><a href="https://www.benzinga.com/news/large-cap/24/11/41774549/trumps-big-tech-policies-what-gop-victory-means-for-apple-google-microsoft">Trump&#8217;s Big Tech Policies: What GOP Victory Means For Apple, Google, Microsoft</a></li>
</ul>
Photo: Hurricane Rafael as a tropical storm, 11.5.2024. Courtesy the NOAA/Public Domain

General

Hurricane Rafael Hits Cuba As Category 3 Storm: Stocks To Watch As Storm Heads Into Gulf Of Mexico

Wells Fargo analyst Zachary Fadem maintains Lowe's Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) with a Overweight and raises the price target from $280 to $295.

Wells Fargo Maintains Overweight on Lowe's Companies, Raises Price Target to $295

TD Cowen analyst Max Rakhlenko maintains Lowe's Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) with a Hold and raises the price target from $270 to $290.

TD Cowen Maintains Hold on Lowe's Companies, Raises Price Target to $290

Lowe's Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) has outperformed the market over the past 15 years by 7.01% on an annualized basis producing an average annual return of 18.98%. Currently, Lowe's Companies has a market capitalization of $153.61 billion. 
Buying $100 In LOW: If an investor had bought $100 of LOW stock 15 years ago, it would be worth $1,388.61 today based on a price of $270.78 for LOW at the time of writing.
<h3>Lowe's Companies's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729695624_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $100 Invested In Lowe's Companies 15 Years Ago Would Be Worth Today

Bernstein analyst Dean Rosenblum initiates coverage on Lowe's Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) with a Outperform rating and announces Price Target of $323.

Initiation

Bernstein Initiates Coverage On Lowe's Companies with Outperform Rating, Announces Price Target of $323

High-rolling investors have positioned themselves bearish on Lowe's Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in LOW often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 13 options trades for Lowe's Companies. This is not a typical pattern.
The sentiment among these major traders is split, with 23% bullish and 76% bearish. Among all the options we identified, there was one put, amounting to $107,900, and 12 calls, totaling $827,556.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $250.0 to $390.0 for Lowe's Companies over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Lowe's Companies's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Lowe's Companies's whale trades within a strike price range from $250.0 to $390.0 in the last 30 days. 
<h3>Lowe's Companies Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729183039_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>LOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$8.1</td>
<td>$7.85</td>
<td>$7.85</td>
<td>$310.00</td>
<td>$179.7K</td>
<td>79</td>
<td style="text-align: right;">229</td>
</tr>
<tr>
<td>LOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$33.4</td>
<td>$32.75</td>
<td>$32.75</td>
<td>$250.00</td>
<td>$108.0K</td>
<td>2.9K</td>
<td style="text-align: right;">131</td>
</tr>
<tr>
<td>LOW</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$109.45</td>
<td>$107.9</td>
<td>$107.9</td>
<td>$390.00</td>
<td>$107.9K</td>
<td>10</td>
<td style="text-align: right;">10</td>
</tr>
<tr>
<td>LOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$32.65</td>
<td>$32.6</td>
<td>$32.6</td>
<td>$250.00</td>
<td>$94.5K</td>
<td>2.9K</td>
<td style="text-align: right;">73</td>
</tr>
<tr>
<td>LOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$33.4</td>
<td>$32.7</td>
<td>$32.7</td>
<td>$250.00</td>
<td>$85.0K</td>
<td>2.9K</td>
<td style="text-align: right;">157</td>
</tr>
</tbody>
</table>

<h3>About Lowe's Companies</h3>
Lowe's is the second-largest home improvement retailer in the world, operating more than 1,700 stores in the United States, after the 2023 divestiture of its Canadian locations (RONA, Lowe's Canada, Réno-Dépôt, and Dick's Lumber). The firm's stores offer products and services for home decorating, maintenance, repair, and remodeling, with maintenance and repair accounting for two thirds of products sold. Lowe's targets retail do-it-yourself (around 75% of sales) and do-it-for-me customers as well as commercial and professional business clients (around 25% of sales). We estimate Lowe's captures a high-single-digit share of the domestic home improvement market, based on US Census data and management's market size estimates.
Following our analysis of the options activities associated with Lowe's Companies, we pivot to a closer look at the company's own performance.
<h3>Present Market Standing of Lowe's Companies</h3>
<ul>
<li>With a trading volume of 530,534, the price of LOW is down by -0.8%, reaching $281.79.</li>
<li>Current RSI values indicate that the stock is may be overbought.</li>
<li>Next earnings report is scheduled for 33 days from now.</li>
</ul>
<h3>What The Experts Say On Lowe's Companies</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $293.2.
Turn $1000 into $1270 in just 20 days?
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&#x2A; Reflecting concerns, an analyst from Melius Research lowers its rating to Buy with a new price target of $290. 
&#x2A; An analyst from Truist Securities has decided to maintain their Buy rating on Lowe's Companies, which currently sits at a price target of $306. 
&#x2A; An analyst from Oppenheimer upgraded its action to Outperform with a price target of $305. 
&#x2A; Maintaining their stance, an analyst from TD Cowen continues to hold a Hold rating for Lowe's Companies, targeting a price of $265. 
&#x2A; An analyst from Loop Capital has elevated its stance to Buy, setting a new price target at $300. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Lowe's Companies with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Decoding Lowe's Companies's Options Activity: What's the Big Picture?

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock&#39;s price, but are they really important?
Let&#39;s take a look at what these Wall Street heavyweights have to say about Lowe&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/low#NYSE">LOW</a>) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.
Lowe&#39;s currently has an average brokerage recommendation of 1.89, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 32 brokerage firms. An ABR of 1.89 approximates between Strong Buy and Buy.
Of the 32 recommendations that derive the current ABR, 17 are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 53.1% and 3.1% of all recommendations.
<h2>Brokerage Recommendation Trends for LOW</h2>
<img alt="Broker Rating Breakdown Chart for LOW" class="chart" src="https://staticx-tuner.zacks.com/images/yesopchart/brokerage_bar/LOW_10152024.png" style="width:100%" title="" /> 
The ABR suggests buying Lowe&#39;s, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation.
Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five &quot;Strong Buy&quot; recommendations for every &quot;Strong Sell&quot; recommendation.
In other words, their interests aren&#39;t always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock&#39;s price movement.
With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock&#39;s near -term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision.
<h2>ABR Should Not Be Confused With Zacks Rank</h2>
Although both Zacks Rank and ABR are displayed in a range of 1-5, they are different measures altogether.
Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers&#39; vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.
On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks.
Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company&#39;s changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.
<h2>Should You Invest in LOW?</h2>
In terms of earnings estimate revisions for Lowe&#39;s, the Zacks Consensus Estimate for the current year has declined 0.1% over the past month to $11.91.
Analysts&#39; growing pessimism over the company&#39;s earnings prospects, as indicated by strong agreement among them in revising EPS estimates lower, could be a legitimate reason for the stock to plunge in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #4 (Sell) for Lowe&#39;s.
Therefore, it could be wise to take the Buy-equivalent ABR for Lowe&#39;s with a grain of salt.
<a href="https://www.zacks.com/stock/news/2350572/lowe-s-low-is-considered-a-good-investment-by-brokers-is-that-true?cid=CS-BENZ-FT-fundamental_analysis|average_broker_rating-2350572">To read this article on Zacks.com click here.</a>

Earnings

Large Cap

Retail Sales

Lowe's Is Considered a Good Investment by Brokers: Is That True?

WIIM

Lowe's shares are trading higher after Truist maintained its Buy rating on the stock and raised its price target from $269 to $306.

Truist Securities analyst Scot Ciccarelli maintains Lowe's Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) with a Buy and raises the price target from $269 to $306.

Truist Securities Maintains Buy on Lowe's Companies, Raises Price Target to $306

Lowe's Companies's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) short percent of float has fallen 12.78% since its last report. The company recently reported that it has 6.55 million shares sold short, which is 1.16% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.91 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Lowe's Companies Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728913513_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Lowe's Companies has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Lowe's Companies's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Lowe's Companies's peer group average for short interest as a percentage of float is 5.76%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Peering Into Lowe's Companies's Recent Short Interest

B of A Securities analyst Elizabeth Suzuki maintains Lowe's Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) with a Buy and raises the price target from $275 to $305.

B of A Securities Maintains Buy on Lowe's Companies, Raises Price Target to $305

Loop Capital analyst Laura Champine upgrades Lowe's Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) from Hold to Buy and raises the price target from $250 to $300.

Loop Capital Upgrades Lowe's Companies to Buy, Raises Price Target to $300

The second Category 5 storm of the 2024 <a href="https://www.benzinga.com/markets/24/10/41215820/hurricane-milton-is-floridas-second-storm-in-two-weeks-how-disney-theme-parks-insurance-companies-co">hurricane season named Hurricane Milton </a>is threatening large-scale destruction, as it quickly graduated from Category 1 status and is approaching the state of Florida. The storm is expected to lash over the Tampa Bay on Wednesday.
Milton Vs. Previous Hurricanes: Hurricane Milton gathered maximum sustained wind speeds of 180 miles per hour by Monday night, and in terms of wind speed it only trails a 1980 hurricane, which went by the name Allen and boasted a top wind speed of 190 mph before it made landfall in the U.S.-Mexican border,<a href="https://www.nytimes.com/2024/10/07/weather/hurricane-milton-forecast-path.html"> said</a> New York Times.
Going by pressure &#8211; which is another measure of a storm&#8217;s intensity, Milton is similar to Hurricane Wilma from the 2005 hurricane season that holds the record for the lowest pressure, the Times said.
The latest<a href="https://www.nhc.noaa.gov/text/refresh/MIATCPAT4+shtml/080541.shtml"> update</a> issued by the National Hurricane Center early Tuesday showed Milton weakening to a Category 4 storm with wind speed slowing to 155 mph. The hurricane was moving east at 9 mph and was located 585 miles southwest of Tampa.
Milton is expected to regain Category 5 strength Tuesday morning and maintain this strength through the day, CNN&#8217;s <a href="https://edition.cnn.com/weather/live-news/hurricane-milton-florida-10-08-24/index.html">update </a>showed. It would then fluctuate in intensity before making landfall on Wednesday as a Category 3 storm.
Certified Consulting Meteorologist and NBC 6 South Florida John Morales, while on air, was overwhelmed with emotion as he described the hurricane. &#8220;It&#8217;s just an incredible, incredible, incredible hurricane. It has dropped 50 millibars in 10 hours,&#8221; he said before pausing to suppress his emotion. &#8220;I apologize. This is just horrific,&#8221; he said. Sharing a video clip of this, CNN media analyst Brian Stelter said, &#8220;NBC6&#8217;s @JohnMoralesTV is the longest-tenured TV meteorologist in South Florida. When he gets this serious, this emotional, on the air, viewers pay attention.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">NBC6&#39;s <a href="https://twitter.com/JohnMoralesTV?ref_src=twsrc%5Etfw">@JohnMoralesTV</a> is the longest tenured TV meteorologist in south Florida. When he gets this serious, this emotional, on the air, viewers pay attention: <a href="https://t.co/iiECZ8KaHx">pic.twitter.com/iiECZ8KaHx</a>
&mdash; Brian Stelter (@brianstelter) <a href="https://twitter.com/brianstelter/status/1843362454321115138?ref_src=twsrc%5Etfw">October 7, 2024</a></blockquote>
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<figcaption class="wp-element-caption">See Also: <a href="https://www.benzinga.com/money/best-insurance-stocks">Best Insurance Stocks</a></figcaption></figure>
Florida&#8217;s Preparedness: The Sunshine State is on full alert with multiple teams coordinating to prepare ahead of Milton&#8217;s landfall. At a Monday briefing, Florida&#8217;s emergency management director, Kevin Guthrie called out to people to be prepared, ABC News <a href="https://abcnews.go.com/US/wireStory/ahead-hurricane-strike-floridians-plan-supply-kit-heed-114571554">said.</a> &#8220;If they have called an evacuation order, I beg you, I implore you to evacuate,&#8221; he reportedly said.
Jaime Hernandez, the emergency management director in Hollywood, Florida, reportedly asked people to be ready with a plan taking into account the changing forecasts, have an emergency kit and stay informed,
Writing on X, formerly Twitter, Florida Governor Ron DeSantis said, &#8220;Evacuations are underway, and we have suspended tolls and opened roadway shoulders to make it easier for Floridians to get to safety.&#8221; He directed people to take evacuate to pet-friendly shelters, special needs shelters, and other options that are safe from storm surges in their own counties.
Stocks To Keep Eye On: 
Insurers: Property and casualty insurance stocks have been under pressure since <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41145534/hurricane-helene-adds-to-most-active-quarter-for-power-outages-driving-back-up-gene">Hurricane Helene </a>that impacted Southeastern U.S. and they fell on Monday amid news concerning Milton. These stocks could be once again on the radar in Tuesday&#8217;s session. These include:
<ul>
<li>Progressive Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>)</li>
<li>Chubb Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>)</li>
<li>Travelers Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>)</li>
<li>Allstate Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>)</li>
<li>Hartford Financial Services Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIG#NYSE">HIG</a>)</li>
<li>Markel Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MKL#NYSE">MKL</a>)</li>
<li>Loews Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/L#NYSE">L</a>)</li>
</ul>
The steepest losses were recorded by Florida-based insurers such as Heritage Insurance Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRTG#NYSE">HRTG</a>) (down over 23%, American Coastal Insurance Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/acic#NASDAQ">ACIC</a>) (down over 15%), and HCI Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCI#NYSE">HCI</a>) (down over 17%).
Given the 2024 hurricane season has been very active, insurers would be left saddled with catastrophe-related claims, which will weigh down on their margins and bottom line.
Phosphate Miners: Phosphate mining stocks such as Mosaic Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOS#NYSE">MOS</a>) could be on the radar during a natural disaster. Florida&#8217;s phosphate industry is one of the major suppliers of the mineral internationally, and the U.S. ranks third in terms of phosphate production, after China and Morocco. In the U.S., phosphate mining takes place in Florida, North Carolina, Idaho and Utah, <a href="https://fipr.floridapoly.edu/about-us/phosphate-primer/other-phosphate-deposits.php#:~:text=Currently%20U.S.%20phosphate%20mining%20takes,it%20was%20not%20economically%20practical.">according</a> to the Florida Industrial and Phosphate Research Institute, FIPRI.
The phosphate mineral is a source of phosphorous, a key nutrient for plant growth.
Florida's phosphate is part of a deposit that stretches across the state and up the coast to the Chesapeake Bay.&nbsp;
Florida Phosphate Council <a href="https://floridaphosphate.com/our-industry/">states</a> that the phosphate industry in the state is a major economic driver and supports nearly 8,400 direct jobs. The industry accounts for an estimated $5.03 billion in annual economic output.
Josh Linville, Director of Fertilizer at integrated trading platform StoneX, said the phosphate market could be hurt. In an X post, he said, &#8220;FL is built to withstand hurricanes&#8230;to an extent. This looks bad. This looks really bad,&#8221; he said.
Even if production facilities withstand major damage, they need workers to run the plants, he added.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/phosphate?src=hash&amp;ref_src=twsrc%5Etfw">#phosphate</a> market, this could hurt. FL is built to withstand hurricanes&#8230;to an extent. This looks bad. This looks really bad. Even if production facilities do not withstand major damage, they need workers to run the plants&#8230;and homesteads may not fare as well. <a href="https://t.co/Qyutb60L95">pic.twitter.com/Qyutb60L95</a>
&mdash; Josh Linville (@JLinvilleFert) <a href="https://twitter.com/JLinvilleFert/status/1843302894009036810?ref_src=twsrc%5Etfw">October 7, 2024</a></blockquote>
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</figure>
Alico, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALCO#NASDAQ">ALCO</a>), which is a Florida-based agribusiness and land management company, also saw its shares sink over 8% on Monday. This stock was <a href="https://cupofcoffeecapital.substack.com/p/trade-idea-alert">flagged </a>by a substack writer who issues trading alerts. 
Potential Beneficiaries: Shares of Generac Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNRC#NYSE">GNRC</a>), a manufacturer of generators, soared on Monday, potentially due to surging demand for its products in the aftermath of the hurricane.
Batteries are also in great demand during hurricanes, with household battery manufacturers such as Energizer Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENR#NYSE">ENR</a>) reaping windfall.
Once the hurricane subsides and life returns to normalcy, the havoc caused by it can stimulate reconstruction demand, with home-improvement retailers Home Depot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) and Lowe&#8217;s Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) among the potential beneficiaries.
Building products and equipment companies such as Masco Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAS#NYSE">MAS</a>) and used-car retailers such as Carvana Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>) and Carmax Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMX#NYSE">KMX</a>) also stand to gain.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41216625/generac-stock-powers-up-ahead-of-hurricane-milton">Generac Stock Powers Up Ahead Of Hurricane Milton</a></li>
</ul>
Photo via Shutterstock

Small Cap

Media

ACIC

ALCO

CVNA

HRTG

As Florida Prepares For One Of Deadliest Hurricanes, Here Are Some Potential Stock Winners And Losers From Milton Threat

Lowe's Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) has outperformed the market over the past 15 years by 6.58% on an annualized basis producing an average annual return of 18.35%. Currently, Lowe's Companies has a market capitalization of $152.27 billion. 
Buying $100 In LOW: If an investor had bought $100 of LOW stock 15 years ago, it would be worth $1,277.58 today based on a price of $268.42 for LOW at the time of writing.
<h3>Lowe's Companies's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728320416_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In This Stock 15 Years Ago Would Be Worth $1,300 Today

Florida is bracing for another hurricane to make landfall this week, less than two weeks after <a href="https://www.benzinga.com/news/24/09/41073069/hurricane-helene-update-28-dead-power-outages-insurance-damages-and-more">Hurricane Helene.</a>
Here's a look at the forecast and stocks to watch.
Hurricane Milton Intensifies: Less than two weeks after Hurricane Helene hit Florida, Hurricane Milton is intensifying into a potential Category 4 or Category 5 storm, <a href="https://www.benzinga.com/news/24/10/41198558/after-helene-florida-gears-up-for-another-devastating-hurricane">set to make landfall</a> in the state on Wednesday.
CNN <a href="https://www.cnn.com/weather/live-news/hurricane-milton-florida-10-07-2024/index.html">reported </a>that the storm has grown in size and is now considered a Category 3 hurricane. According to the report, the storm's growing size could affect a larger area of Florida than the last hurricane.
Milton is expected to hit the Gulf Coast of Florida, with the state already declaring a state of emergency and working on evacuations. Hillsborough County, which includes Tampa, is among the areas expected to call for evacuations Monday.
Several school districts in the state closed school Monday.
Florida Division of Emergency Management director Kevin Guthrie said Sunday the storm could result in the state's largest evacuation since 2017.
"I urge Floridians to finalize your storm preparations now, enact your plan," Guthrie said Sunday.
Florida Gov. Ron DeSantis cautioned residents on the potential for more power outages in the state than with Helene.
The timing of Milton could create a double whammy for the state of Florida and surrounding regions that are still recovering from Helene. 
"You get hit with a major hurricane, what's going to happen to that debris? It's going to increase the damage dramatically," DeSantis said. 
The existing and additional debris could also make pathways tough for emergency personnel.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41145534/hurricane-helene-adds-to-most-active-quarter-for-power-outages-driving-back-up-gene">Hurricane Helene Adds To &#8216;Most Active Quarter&#8217; For Power Outages, Driving Back-Up Generator Demand</a>
Stocks to Watch: While Florida theme parks mostly avoided closures from Helene, the newest hurricane in the region could significantly impact the sector.
Orange County, home to Orlando, is one of the counties in a state of emergency ahead of Hurricane Milton&#8217;s landfall.
Walt Disney World, owned by The Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>), is among the theme parks that could face closures due to weather, missed revenue opportunities, and refunds. The theme park is open Monday but, as of Sunday, had shut down the ability to make reservations for Tuesday and Wednesday, as <a href="https://www.floridatoday.com/story/news/2024/10/07/hurricane-milton-disney-orlando-florida-theme-parks-universal-busch/75543794007/">reported </a>by Florida Today.
Disney World has closed for several hurricanes in the past, most recently for Hurricane Ian in 2022. The theme park was able to escape Helene with minimal impact on some outdoor activities and night entertainment events that were canceled.
Universal Studios in Orlando, which is owned by Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>), could also face closures and cancellations due to the storm's current path.
Power companies like Duke Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUK#NYSE">DUK</a>) and Southern Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SO#NYSE">SO</a>) are among utilities that could see large numbers of customer outages. The companies could face increased labor costs and additional costs to repair infrastructure after the storm.
While theme park stocks could see a negative impact from Hurricane Milton, several other stocks and sectors could benefit from the storm and the pending damage.
Home improvement retailers like Home Depot (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) and Lowe's Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) traditionally gain from hurricane restoration efforts. With the potential for increased damage due to the back-to-back hurricanes, home improvement retailers could see a surge in demand in the regions hit by the storm.
Generac Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNRC#NYSE">GNRC</a>) is another company that could benefit from the hurricanes as demand for generators increases. On Monday, Generac shares hit new 52-week highs in anticipation of Hurricane Milton.
One sector facing uncertainty is insurance, as severe damage from the hurricane could hurt profits, but a weaker impact could boost earnings with fewer claims. Companies like Berkshire Hathaway (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>), Allstate Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>) and Travelers Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>) are among the publicly traded companies that could be impacted by insurance claims from the hurricane.
When Hurricane Helene initially struck, insurance companies expected minimal impact. However, as damage estimates rise, concerns grow. After a relatively mild hurricane season, the successive blows from Helene and Milton could pose challenges for insurers offering home, hurricane, and flood coverage.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41195370/elon-musk-said-his-blood-was-boiling-after-fema-allegedly-didnt-allow-spacex-engineers-to-deliver-st">Elon Musk Said His Blood Was &#8216;Boiling&#8217; After FEMA Allegedly Didn&#8217;t Allow SpaceX Engineers To Deliver Starlink Terminals And Supplies To Hurricane Helene Victims, But Now They&#8217;ve Received Approval</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

Insurance

CMCSA

Hurricane Milton Is Florida's Second Storm In Two Weeks: How Disney, Theme Parks, Insurance Companies Could Be Impacted

Retail industry veteran Seth Golden recently warned that, according to a widely used oscillator Williams %R, the <a href="https://www.benzinga.com/topic/s-p-500">S&amp;P 500</a> has been overbought for an entire year.
Golden, a hedge fund consultant who previously worked for household names such as Target and now-defunct Bed Bath &amp; Beyond, pointed out that this is just the 23rd time in history that this has occurred.
Based on historical data he shared in a post on <a href="https://x.com/SethCL/status/1841808020705075700">X</a>, he pointed out that when this happened, it continued the same trend for the rest of the year — posting a fourth-quarter median return of 5.29%.
<a href="https://www.benzinga.com/11/04/1035270/pros-and-cons-of-williams-r-indicator">Williams %R</a>, often dubbed the Williams percent range, is a momentum indicator. It measures the overbought and oversold levels on a scale from 0 to 100. A reading above -20 is overbought and a reading below -80 is oversold.
Golden used a 28-month parameter, an industry standard for this indicator.
See Also: <a href="https://www.benzinga.com/general/travel/24/10/41172625/will-airlines-soar-or-stall-what-insider-trades-say-about-airline-industrys-future">Will Airlines Soar Or Stall? What Insider Trades Say About Industry&#8217;s Future</a>
Looking deeper into the list of overbought stocks brings an interesting mix of domestic and foreign catalysts.
Lockheed Martin's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) presence on this list is unsurprising. The leading aerospace and defense manufacturer&#8217;s stock hit a fresh all-time high, reaching $609 and giving it a market cap of over $144B. The firm benefits from increased defense spending during <a href="https://www.benzinga.com/news/global/24/10/41126038/iran-attacks-israel-with-missiles-middle-east-tensions-escalates-s-p-500-stocks-bitcoin-fall-as-oil">escalating global conflicts</a> and with a <a href="https://www.benzinga.com/news/earnings/24/10/41164528/lockheed-wins-2-1b-contract-to-aid-trident-ii-d5-missile-program">new multi-billion U.S. Navy contract</a> it landed last Thursday. Despite a hefty $19.26B debt, the firm has the balance sheet to easily manage it, plus pay a reliable 2.1% dividend. Its Williams %R overbought score is currently -11.41.
Next on the list is Lowe's Companies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>), a North Carolina-based retailer specializing in home improvement. It recently hit a new all-time high of $274.16. Along with other home improvement stocks, Lowe <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/41008424/lowes-set-for-delayed-benefits-from-macro-demand-improvements-says-optimistic-analy">experienced a surge</a> following the FED's rate cut. Still, this strong performance is surprising, given the firm's revenue decline of nearly 10% year over year and dimmed future growth projections. Its Williams %R overbought score is currently -5.71.
Entergy Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETR#NYSE">ETR</a>) has been a utility industry standout, delivering an almost 30% return year-to-date. Despite such numbers, the stock trades at a reasonable P/E ratio of 15.9x, below some of its peers like Exelon or FirstEnergy.
Entergy provides electric power to the southern U.S. states, benefiting from rapid energy growth in states such as Texas. Investors expect the company to scale with its target market, with a booming population and increased industrial activity prompting higher energy consumption. The stock's Williams %R overbought score currently stands at -7.41.
Read Next: <a href="https://www.benzinga.com/government/24/10/41172781/oil-prices-rally-biden-confirms-us-discussions-with-israel-about-striking-iran-facilities"> •&nbsp;Oil Prices Rally: Biden Confirms US &#8216;Discussions&#8217; With Israel About Striking Iran Facilities</a>
Photo: Shutterstock

Why S&P 500's Year-Long Overbought Signal Has This Expert Talking, Plus 3 Stocks To Watch

Loop Capital analyst Laura Champine maintains Lowe's Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) with a Hold and raises the price target from $230 to $250.

Loop Capital Maintains Hold on Lowe's Companies, Raises Price Target to $250

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Lowe's introduces the Lowe's Digital Home Platform

JPMorgan analyst Christopher Horvers raised the firm's price target on Lowe's (LOW) to $300 from $270 and keeps an Overweight rating on the shares ...

Lowe's price target raised to $300 from $270 at JPMorgan

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Wells Fargo Remains a Buy on Lowe's (LOW)

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The retail industry's long-term growth is fueled by resilient sales and rapid technological expansion. Amid this, it could be ideal to buy fundamentally solid consumer discretionary stocks: Lowe's Companies (LOW), TJX Companies (TJX), and Target Corporation (TGT) with holiday sales surge. Keep reading... Amidst evolving customer behavior, robust economic growth, and rising personal expenditure, the consumer discretionary industry is experiencing robust growth. It will further diversify and expand with the upcoming holiday sales surge.
Amid this backdrop, investors could consider investing in sound consumer discretionary stocks: Lowe's Companies, Inc. (<a href="https://stocknews.com/stock/LOW/">LOW</a>), The TJX Companies, Inc. (<a href="https://stocknews.com/stock/TJX/">TJX</a>), and Target Corporation (<a href="https://stocknews.com/stock/TGT/">TGT</a>) as the holiday season nears.
During the holiday season, market demand for personal commodities, items of daily use, and luxury goods surges strongly, and 2024 is expected to be no different. As per the <a href="https://www.supermarketperimeter.com/articles/11925-nrf-reports-predictions-for-2024-holiday-spending#:~:text=According%20to%20the%20National%20Retail,decorations%20and%20other%20seasonal%20items.">National Retail Federation's latest consumer survey</a>, this holiday season, consumer spending is projected to set a new record of $902 per person on average across gifts, food, decorations, and other seasonal items.
The amount is nearly $25 per person higher compared to last year's figure and $16 higher than the previous record set in 2019. NRF vice president of industry and consumer insights Katherine Cullen said, "The winter holidays are a treasured time for Americans, and they are prioritizing spending on family this holiday season."
Also, the recent <a href="https://www.cnbc.com/2024/09/18/fed-cuts-rates-september-2024-.html">Federal Reserve rate cut</a> will encourage higher short-term borrowing with lower mortgage, auto loan, and credit card costs. The central bank's Federal Open Market Committee lowered its key overnight borrowing rate by a half percentage point, or 50 basis points, amid an improving job market and inflation easing inflation.
Therefore, amid rising disposable income and a surge in personal expenditure, investors could consider adding sound consumer discretionary stocks to their portfolios. Consumer discretionary includes goods that are not of an essential nature but are desirable for a consumer.
Given these favorable market trends, let's look at the fundamentals of the top retail stocks such as LOW, TJX, and TGT.
Lowe's Companies, Inc. (<a href="https://stocknews.com/stock/LOW/">LOW</a>)
LOW operates as a home improvement retailer. The company provides a line of products for construction, maintenance, repair, remodeling, and decorating. It also offers home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens, and baths.
On June 3, LOW became the first home improvement retailer to offer customers an in-store, Apple Vision Pro-powered experience. With the technology, customers can try Lowe's Style Studio&#x2122; for Apple Vision Pro firsthand, enabling them to envision and design their dream kitchens using spatial computing and the help of a Lowe's associate.
This breakthrough launch bodes well with LOW's operations that immerse users in a high-fidelity 3D kitchen environment and enable them to explore, imagine, and bring their unique project to life in minutes.
For the second quarter that ended August 2, 2024, LOW reported net sales of $23.59 billion, and its operating income came in at $3.45 billion. The company's net earnings and <a href="https://www.investopedia.com/terms/e/eps.asp">EPS</a> totaled $2.38 billion and $4.17 for the quarter, respectively.
In addition, the company's cash and cash equivalents were $4.36 billion as of August 2, 2024, compared to $3.49 billion as of August 4, 2023.
Street expects LOW's revenue and EPS for the first quarter (ending April 2025) to increase marginally and 2.8% year-over-year to $21.38 billion and $3.15, respectively. Moreover, the company surpassed the consensus EPS estimates in all four trailing quarters, which is impressive.
LOW's stock has increased 37.4% over the past year to close the last trading session at $261.83.
LOW's bright prospects are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
The stock has a B grade for Sentiment and Quality. Within the B-rated <a href="https://stocknews.com/category/home-improvement-goods/">Home Improvement &amp; Goods</a> industry, LOW is ranked #14 out of 57 stocks.
<a href="https://stocknews.com/stock/LOW/">Click here</a> to access additional ratings of LOW for Momentum, Growth, Value, and Stability.
The TJX Companies, Inc. (<a href="https://stocknews.com/stock/TJX/">TJX</a>)
TJX operates as an off-price apparel and home fashion retailer internationally. The company operates through four segments: Marmaxx; HomeGoods; TJX Canada; and TJX International.
On June 7, TJX entered into a definitive agreement for a joint venture with Grupo Axo, S.A.P.I. de C.V., an operator of global brands in Mexico and South America. Under the agreement, TJX owns 49% of the joint venture. The agreement would comprise Axo's off-price physical store business in Mexico, which includes over 200 stores.
The strategic collaboration with Axo expanded TJX's operations in Mexico and gave the opportunity to grow and enhance that country's leading off-price retailer.
During the second quarter that ended August 3, 2024, TJX's net sales rose 5.6% year-over-year to $13.47 billion. Its income before income taxes grew 10.6% from the year-ago value to $1.47 billion. The company's net income and EPS came in at $1.10 billion and $0.96, up 11.1% and 12.9% year-over-year, respectively.
According to the company's guidance for fiscal year 2025, the company's EPS is projected to be between $4.09 and $4.13.
Street expects TJX's EPS for the third quarter (ended October 2024) to increase 6.6% year-over-year to $1.10. For the same quarter, the company's revenue is expected to grow 5.3% year-over-year to $13.97 billion. Also, the company surpassed the consensus revenue and EPS estimates in all four trailing quarters.
TJX's shares have gained 28.3% over the past year to close the last trading session at $113.03.
TJX's POWR Ratings reflect its robust outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
TJX has a B grade for Sentiment and Quality. It is ranked #15 out of 60 stocks in the B-rated <a href="https://stocknews.com/category/fashion-luxury/">Fashion &amp; Luxury</a> industry.
In addition to the POWR Ratings we've stated above, we also have other ratings of TJX for Growth, Value, Momentum, and Stability. Get all TJX ratings <a href="https://stocknews.com/stock/TJX/">here</a>.
Target Corporation (<a href="https://stocknews.com/stock/TGT/">TGT</a>)
TGT operates as a general merchandise retailer. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, and jewelry, accessories, and shoes, and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.
On September 18, TGT's board of directors declared a quarterly dividend of $1.12 per common share.  The dividend will be paid on December 10, 2024 to shareholders of record at the close of business November 20, 2024.
TGT pays an annual dividend of $4.48, which translates to a yield of 2.99% at the current share price. Its four-year average dividend yield is 2.28%. Moreover, the company's dividend payouts have increased at a CAGR of 14.6% over the past three years. Target has raised its dividends for 55 consecutive years.
During the second quarter 2024, which ended August 3, TGT's total revenue increased 2.7% year-over-year to $25.45 billion. Its operating income rose 36.6% from the year-ago value to $1.64 billion. The company's net earnings and EPS of $1.19 billion and $2.57 indicate growth of 42.7% and 42.8% from the prior year's quarter, respectively.
Street expects TGT's revenue and EPS for the third quarter (ended October 2024) to increase 2.2% and 9.4% year-over-year to $25.96 billion and $2.30, respectively. Also, the company has topped the consensus revenue and EPS estimates in three of the trailing quarters.
Shares of TGT have surged 38.6% over the past year to close the last trading session at $151.77.
TGT's POWR Ratings reflect its sound fundamentals. The stock has an overall rating of B, which equates to a Buy in our proprietary rating system.
TGT has a B grade for Quality and Value. It is ranked #10 out of 37 stocks in the A-rated <a href="https://stocknews.com/category/grocery-big-box-retailers/">Grocery/Big Box Retailers</a> industry.
In addition to the POWR Ratings we've stated above, we also have TGT ratings for Momentum, Sentiment, Growth, and Stability. Get all TGT ratings <a href="https://stocknews.com/stock/TGT/">here</a>.
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LOW shares were unchanged in after-hours trading Friday. Year-to-date, LOW has gained 19.94%, versus a 21.27% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/low-tjx-tgt-3-consumer-discretionary-stocks-to-buy-as-holiday-sales-soar/>3 Consumer Discretionary Stocks to Buy as Holiday Sales Soar</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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