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MarketScreener Homepage  >  Equities  >  Nyse  >  Lowe's Companies, Inc.    LOW

LOWE'S COMPANIES, INC.

(LOW)
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Lowe : More Than Doubles Small-Business Grant Program to $55 Million

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07/16/2020 | 09:35am EDT

By Colin Kellaher

 

Lowe's Cos. on Thursday said it is more than doubling its small-business grant program to $55 million in response to the economic fallout from the coronavirus pandemic.

The Mooresville, N.C., home-improvement retailer said it is increasing its grants to small businesses owned by minorities to $30 million from $25 million and committing another $25 million to small businesses in rural areas.

Lowe's said small businesses owned by minorities are being disproportionately impacted by the pandemic, while those in hard-hit rural communities often face more hurdles than their urban counterparts due to limited access to bank credit, capital and other support services.

Lowe's said the grants will provide immediate relief for critical needs such as rent, payroll and operational expenses to keep small businesses running. The company noted that a recent survey by Main Street America found that 7.5 million small businesses around the country may be at risk of closing permanently.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

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Financials (USD)
Sales 2021 77 216 M - -
Net income 2021 5 247 M - -
Net Debt 2021 17 580 M - -
P/E ratio 2021 21,8x
Yield 2021 1,54%
Capitalization 113 B 113 B -
EV / Sales 2021 1,70x
EV / Sales 2022 1,69x
Nbr of Employees 260 000
Free-Float 99,9%
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Technical analysis trends LOWE'S COMPANIES, INC.
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 30
Average target price 148,48 $
Last Close Price 150,27 $
Spread / Highest target 13,1%
Spread / Average Target -1,19%
Spread / Lowest Target -26,1%
EPS Revisions
Managers
NameTitle
Marvin R. Ellison President, Chief Executive Officer & Director
Richard W. Dreiling Independent Chairman
David M. Denton Chief Financial Officer & Executive Vice President
Seemantini Godbole Chief Information Officer & Executive VP
Ralph Alvarez Independent Director
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