Lowe's stock pops, CEO says Americans will renovate homes instead of moving [Yahoo! Finance Canada]
Lowe's Companies, Inc. (LOW)
Last lowe's companies, inc. earnings: 2/26 06:00 am
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Source: Yahoo! Finance Canada
Lowe's ( LOW ) CEO expects home renovations to ramp up in lieu of homeowners taking on new homes because of still-high mortgage rates. Wall Street liked the message. In trading this afternoon, the home improvement chain's stock was up nearly 6%. Americans have "significant equity" of an "average of $400,000 in equity per home," Lowe's CEO Marvin Ellison told Yahoo Finance — a good formula for renovations. "We expect homeowners to start, at some point, to tap into these ... home equity lines of credit (HELOC) to start to finance larger, more discretionary home improvement projects, because they're going to be reluctant to give up those sub-4%, sub-3%, 30-year fixed mortgage rates," he said. Per Freddie Mac last week, the average 30-year fixed-rate mortgage rate is up two basis points to 6.24% Homeowners, Ellison said, have low mortgage rates but "hate their kitchen ... need an extra garage ... an extra bathroom, they need a modernized environment." Plus, the average age of
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News
- Lowe's Companies (NYSE:LOW) had its "hold (c)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Lowe's Companies (NYSE:LOW) had its price target lowered by analysts at Oppenheimer Holdings, Inc. from $320.00 to $315.00. They now have an "outperform" rating on the stock.MarketBeat
- Lowe's Companies (NYSE:LOW) had its price target lowered by analysts at Argus from $290.00 to $286.00. They now have a "buy" rating on the stock.MarketBeat
- Lowe's Companies (NYSE:LOW) had its price target raised by analysts at Stifel Nicolaus from $230.00 to $250.00. They now have a "hold" rating on the stock.MarketBeat
- What Catalysts Could Shift the Narrative for Lowe's Amid Mixed Analyst Sentiment? [Yahoo! Finance]Yahoo! Finance
LOW
Earnings
- 11/19/25 - Beat
LOW
Sec Filings
- 11/26/25 - Form 10-Q
- 11/25/25 - Form 4
- 11/19/25 - Form 8-K
- LOW's page on the SEC website