Lowe’s Companies, Inc. (NYSE:LOW) shares are trading higher Tuesday in what appears to be a sympathy move with Home Depot, Inc. (NYSE:HD), which reported second quarter earnings today before the market opened.
What Happened With HD: The company reported adjusted earnings per share of $4.68, missing the consensus estimate of $4.71. In addition, it reported sales of $45.27 billion, missing the consensus estimate of $45.35 billion.
Comparable sales rose 1.0% in the quarter, including 1.4% growth in the U.S., while net earnings held steady at $4.6 billion. CEO Ted Decker says momentum from late last year has carried through the first half of 2025 as customers take on smaller home projects.
Why It Matters For LOW: Lowe’s and Home Depot are the two largest home improvement retailers in the world. Lowe’s is due to report second-quarter earnings on Wednesday before the market opens. Analysts estimate earnings per share of $4.25 and revenue of $23.96 billion.
For the first quarter, the company reported revenue of $20.93 billion, missing the consensus estimate of $20.94 billion and earnings per share of $2.92, beating the consensus estimate of $2.88.
In recent quarters, the company has a mixed track record of meeting earnings per share and revenue estimates.
Analyst Changes: Ahead of Lowe’s earnings report, multiple analysts issued price target adjustments.
- Stifel analyst W. Andrew Carter maintained a Hold rating on Lowe’s and raised the price target from $240 to $265.
- Citigroup analyst Steven Zaccone maintained a Neutral rating on Lowe’s and lowered the price target from $253 to $242.
How To Buy Lowe’s Stock
Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
For example, in Lowe’s case, it is in the Consumer Discretionary sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
See Also: Why Anheuser-Busch Stock Is Gaining Today
LOW Price Action: At the time of writing, Lowe’s shares are trading 2.09% higher at $256.13, according to data from Benzinga Pro.
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