Is Lowe's Stock a Buy?

Is Lowe's Stock a Buy?

Lowe's (NYSE: LOW) had a fantastic year, beating out rival and industry leader Home Depot (NYSE: HD) in sales growth. Just over a year ago, in the 2019 fourth quarter, Lowe's was struggling with an out-of-date digital program and only 3% digital growth. Lowe's sees a $900 billion home improvement market of which it has about 10%, and is working on several new initiatives to keep up the momentum in 2021 and beyond.