Lowe's Spring Demand Begins to Take Hold in May; Shares Fairly Valued
Like peer Home Depot, wide-moat Lowe’s struggled to stimulate spring sales in prolonged cold weather, putting up same-store sales growth of just 0.6% in the first quarter. But also like Home Depot, Lowe's assured investors that spring has sprung; since the turn of May, seasonal business (35%-40% of first-half sales) has rebounded with comps rising at a double-digit clip, pushing incremental sales into the second quarter rather than losing them altogether. Lowe's full-year outlook is largely unch...Lowe's Companies is a home improvement retailer. The company provides home improvement products in lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens categories. The company provides installation services through independent contractors in product categories, including appliances, flooring, kitchens, lumber and building materials, and millwork. The company also provides extended protection plans for various products within the appliances, kitchens, fashion fixtures, millwork, rough plumbing and electrical, seasonal and outdoor living, and tools and hardware categories.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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