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4-Traders Homepage  >  Equities  >  Nyse  >  Lowe's Companies, Inc.    LOW

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Lowe's Companies, Inc. : Lowe’s Files Proposal to Open Store in Dennis, Ma

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02/04/2013 | 11:02pm CET

- State-of-the-art home improvement store would be smallest Lowe's in New England -

- Store would create 130 to 170 full- and part-time jobs -

WHO: Lowe's Companies, Inc., announced today it has proposed to bring a store to Dennis, Mass.

WHAT:  The Lowe's of Dennis would create 130 to 170 full- and part-time jobs and bring approximately $100,000 in property tax revenue to the Town of Dennis annually

For more information, visit www.LowesofDennis.com

ABOUT THE STORE: 

The home improvement store would include less than 100,000 square feet with an adjacent garden center of approximately 28,000 square feet. 

Smaller than Lowe's standard prototype, the proposed Dennis store reflects Lowe's efforts to deliver a design that best serves Dennis and Cape Cod customers and also fits within the community character of the area. 

In fact, the proposed Lowe's of Dennis would be the smallest Lowe's store in New England.

The Lowe's of Dennis would stock 40,000 different items to help customers build, improve and beautify their homes.  A store of this size represents an average investment in the community of more than $16.5 million and will create 130 to 170 full- and part-time jobs. 

ABOUT LOWE'S:  

With fiscal year 2011 sales of $50.2 billion, Lowe's Companies, Inc. is a FORTUNE® 100 company that serves approximately 15 million customers a week at more than 1,745 home improvement stores in the United States, Canada and Mexico. Founded in 1946 and based in Mooresville, N.C., Lowe's is the second-largest home improvement retailer in the world. For more information, visit Lowes.com.

##

Contact:

Natalie Turner
Lowe's Companies, Inc.
(704) 758-5966or  Natalie.h.turner@lowes.com

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Financials ($)
Sales 2017 64 594 M
EBIT 2017 6 162 M
Net income 2017 3 182 M
Debt 2017 14 184 M
Yield 2017 1,70%
P/E ratio 2017 21,58
P/E ratio 2018 17,05
EV / Sales 2017 1,25x
EV / Sales 2018 1,20x
Capitalization 66 752 M
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Number of Analysts 31
Average target price 81,2 $
Spread / Average Target 5,8%
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Robert A. Niblock Chairman, President & Chief Executive Officer
Ricky D. Damron Chief Operating Officer
Robert F. Hull Chief Financial Officer & Executive Vice President
Paul D. Ramsay Chief Information Officer
Marshall O. Larsen Independent Director
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