Lowe's Companies, Inc. News

Loading the latest news for Lowe's Companies, Inc.

1. 5/15/2013 12:00:00 AM Rona willing to present takeover offer to board; But it's 'not our objective' right now
   published by National Post
   Rona willing to present takeover offer to board But its not our objective right now National Post BOUCHERVILLE QUE Rona Inc s executive chairman says he would present a takeover offer for the hardware chain to shareholders even as questions linger over whether the company is untouchable in the eyes of the Quebec governmentIf somebody said they absolutely wanted to buy us our duty would be to present the offer to the board and then the board would present it to shareholders Robert Chevrier told reporters Tuesday after the companys annual meeting hereBut thats not our objective Its not our mandate And its not what the board wants right now My recommendation would be not to sell because wed be selling at a low point Wait until we prove ourselves and then well seeRona stock fell 48 to 1012 Tuesday on the back of an unadjusted first quarter loss of 40 million or 33 per shareThe company has tallied six straight years of earnings declines Management said more fixes will be needed over coming quarters before it starts growing net income again on a sustained basisUS home improvement retailer Lowes Cos disclosed last summer it made a non binding 1450 per share offer for Rona valuing the company at 18 billion Ronas board rejected the bid without taking it to shareholders That triggered a wave of anger among big investors including Invesco Canada which saw a takeover as a chance to exit their positions Quebecs former Liberal government vowed to help block a sale if needed calling Rona a strategic asset that cant.
   
2. 5/15/2013 12:00:00 AM Rona open to presenting offers to board; But it's 'not our objective' right now
   published by National Post
   Rona open to presenting offers to board But its not our objective right now National Post BOUCHERVILLE QUE Rona Incs executive chairman says he would present a take over offer for the hardware chain to shareholders even as questions linger over whether the company is untouchable in the eyes of the Quebec governmentIf somebody said they absolutely wanted to buy us our duty would be to present the offer to the board and then the board would present it to shareholders Robert Chevrier told reporters Tuesday after the companys annual meeting hereBut thats not our objective Its not our mandate And its not what the board wants right now My recommendation would be not to sell because wed be selling at a low point Wait until we prove ourselves and then well seeRona stock fell 48 to 1012 Tuesday on the back of an unadjusted first quarter loss of 40 million or 33 per share The company has tallied six straight years of earnings declines Management said more fixes will be needed over coming quarters before it starts growing net income again on a sustained basisUS home improvement retailer Lowes Cos disclosed last summer it made a nonbinding 1450 per share offer for Rona valuing the company at 18 billion Ronas board rejected the bid without taking it to shareholders That triggered a wave of anger among big investors including Invesco Canada which saw a takeover as a chance to exit their positions Quebecs former Liberal government vowed to help block a sale if needed calling Rona a strategic asset that cant be.
   
3. 5/14/2013 6:57:00 PM Lowe’s PT Raised to $46.00 (LOW)
   published by American Banking News
   Equities researchers at Goldman Sachs upped their target price on shares of Lowe's (NYSE: LOW) Lowe's (NYSE: LOW) traded up 1.64% on Tuesday, hitting $42.78. Lowe's has a 52-week low of $24.76 and a 52-week high of $42.40. The stock's 50-day moving average is ...
   
4. 5/14/2013 5:53:00 PM Equities Research Analysts’ Price Target Changes for May, 14th (AGM, ANA, ATK, ATL, AXP, BRKS, CAM, CGV, CKEC, CMA)
   published by American Banking News
   Equities Research Analysts? price target changes for Tuesday, May 14th: Federal Agricultural (NYSE: AGM) Acciona SA (MCE: ANA) Alliant Techsystems (NYSE: ATK) Atlantia SpA (BIT: ATL) American Express (NYSE: AXP) Brooks Automation (NASDAQ: BRKS) ...
   
5. 5/14/2013 2:11:00 PM Midday Glance: Specialty Retail companies
   published by Associated Press
   Autozone Inc. rose $2.16 or. 5 percent, to $417.92. Bed Bath& Beyond Inc. fell$. 44 or. 6 percent, to $68.60. Best Buy rose $1.38 or 5.5 percent, to $26.69.
   
6. 5/14/2013 1:38:00 PM Rona posts bigger loss, promises better future
   published by 4 Traders
   (Reuters) - Rona Inc (>> RONA Inc.) reported a bigger-than-expected quarterly loss on Tuesday as it struggled with tough competition and hefty restructuring charges, but Canada's top home improvement retailer said its turnaround plan would deliver better ...
   
7. 5/14/2013 1:14:00 PM RONA's blames wider Q1 loss on reluctant consumers & high product costs
   published by Proactive Investors USA
   RONA missed analyst expectations by eight cents. Home renovation retail chain RONA (TSE: RON) continues to struggle amid increasing competition and the high cost of goods weighing on its bottom line. The Boucherville, Quebec-based company says its ...
   
8. 5/14/2013 12:14:00 PM Valspar Beats Q2 EPS Estimates, Reaffirms Guidance
   published by Benzinga.com
   The Valspar Corporation (NYSE: VAL) is riding high on Tuesday after beating second-quarter EPS estimates. The Minneapolis-based firm's EPS rose 8.3 percent year-over-year to $0.91, edging estimates of $0.90. Revenue remained roughly flat at $1.03 billion, ...
   
9. 5/14/2013 10:37:00 AM Early Glance: Specialty Retail companies
   published by Associated Press
   Autozone Inc. rose $3.49 or. 8 percent, to $419.25. Bed Bath& Beyond Inc. fell$. 29 or. 4 percent, to $68.75. Best Buy rose$. 16 or. 6 percent, to $25.47.
   
10. 5/13/2013 6:02:00 PM Final Glance: Specialty Retail companies
    published by Associated Press
    Autozone Inc. fell $5.19 or 1.2 percent, to $415.76. Lowe's Cos. rose$. 02 or percent, to $42.09. OfficeMax fell$. 11 or. 9 percent, to $11.49.
    
11. 5/13/2013 5:04:00 PM Retail stocks close flat after April sales report surprise
    published by Proactive Investors USA
    U.S. retail stocks closed flat on Monday. U.S. retail stocks closed flat on Monday after a report showed retail sales climbed higher in April. According to the U.S. Commerce Department, retail sales rose 0.1 per cent from the prior month, while analysts ...
    
12. 5/13/2013 4:03:00 PM A Great Company In A Thriving Sector, Just Too Expensive!
    published by Motley Fool
    Matthew is a member of The Motley Fool Blog Network -- entries represent the personal opinion of the blogger and are not formally edited. The rise of Home Depot’s (NYSE: HD) Home Depot has expanded its footprint rapidly over the past two decades or so, and I ...
    
13. 5/13/2013 3:25:00 PM Stock Analysts’ Ratings Reiterations for May, 13th (ABT, AKS, AMCC, APEI, APTS, ATML, BBA, BLND, CBB, CEY)
    published by American Banking News
    Stock Analysts? ratings reiterations for Monday, May 13th: Abbott Laboratories (NYSE: ABT) AK Steel Holding (NYSE: AKS) Applied Micro Circuits Corp (NASDAQ: AMCC) American Public Education (NASDAQ: APEI) Preferred Apt. Communities (NASDAQ: APTS) ...
    
14. 5/13/2013 1:18:00 PM Midday Glance: Specialty Retail companies
    published by Associated Press
    Autozone Inc. fell $6.46 or 1.5 percent, to $414.49. Bed Bath& Beyond Inc. fell$. 73 or 1.0 percent, to $69.10. Lowe's Cos. rose$. 03 or. 1 percent, to $42.10.
    
15. 5/13/2013 11:02:00 AM Investment Analysts’ Ratings Reiterations for May, 13th (AAL, ABGOY, ABI, ACA, ACM, ADP, ADSK, AFLYY, AMAT, AML)
    published by American Banking News
    Investment Analysts? ratings reiterations for Monday, May 13th: Anglo American (LON: AAL) Abengoa SA (PINK: ABGOY) Anheuser-Busch InBev NV (EBR: ABI) Credit Agricole SA (EPA: ACA) Accumuli Plc (LON: ACM) Automatic Data Processing Incorporated ...
    
16. 5/13/2013 10:22:00 AM Early Glance: Specialty Retail companies
    published by Associated Press
    Autozone Inc. fell $9.75 or 2.3 percent, to $411.20. Bed Bath& Beyond Inc. fell$. 44 or. 6 percent, to $69.39. OfficeMax fell$. 03 or. 3 percent, to $11.57.
    
17. 5/12/2013 2:17:00 PM Valspar Faces a Huge Test This Week
    published by Motley Fool Discussion Boards
    Watch stocks you care about The single, easiest way to keep track of all the stocks that matter... Your own personalized stock watchlist! It's a 100% FREE Motley Fool service... On Tuesday, Valspar (NYSE: VAL ) will release its latest quarterly ...
    
18. 5/12/2013 2:11:00 PM Valspar Faces a Huge Test This Week
    published by Motley Fool
    Keep track of the stocks that matter to you. Help yourself with the Fool's FREE and easy new watchlist service today. Valspar is a major paint producer, and with the big rebound in housing prices, the company's stock has risen toward all-time record highs. ...
    
19. 5/12/2013 2:01:00 PM Lowe’s Given “Neutral” Rating at Piper Jaffray (LOW)
    published by American Banking News
    Lowe's (NYSE: LOW) Other equities research analysts have also recently issued reports about the stock. Analysts at Janney Montgomery Scott reiterated a ?neutral? rating on shares of Lowe's in a research note to investors on Monday, April 22nd. They now have ...
    
20. 5/11/2013 3:01:00 PM Lowe’s Upgraded to Buy by ISI Group (LOW)
    published by American Banking News
    Lowe's (NYSE: LOW) The analysts wrote, ?Margins can hit 10% vs 7%, if productivity grows 20% to $300/ft. It may take several years, but if the industry remains rational, margin expansion & buybacks should take earnings to $2.85 by 2014. ~50% of the market ...