From The Motley Fool · Dave Kovaleski · · 50s
Lowe's Stock Buy Opportunity
Lowe's stock offers a buy-the-dip chance with 55-year dividend history and 36% upside potential.
In brief
Lowe's stock offers a buy-the-dip chance with 55-year dividend history and 36% upside potential. Lowe's stock is a buy-the-dip opportunity with 55 consecutive dividend increases and 36% upside potential. Originally reported by The Motley Fool.
Lowe's stock decline
Lowe's stock down 23% year-to-date, trading near 52-week low of $186 per share.
Housing market impact
High mortgage rates and inflation hurt home improvement retailers as consumers pull back.
Dividend history
Lowe's has increased dividends for 55 consecutive years with a 38% payout ratio.
Stock valuation
Lowe's price/earnings ratio dropped to 16, its lowest in three years with 36% upside potential.
Analyst outlook
72% of Wall Street analysts rate Lowe's a buy with a median price target of $254 per share.
The essence
Lowe's stock is a buy-the-dip opportunity with 55 consecutive dividend increases and 36% upside potential.
