Lowe’s (NYSE:LOW) is a U.S. home improvement retailer founded in 1946. The company is known for its stability, operating over 1,700 stores across North America. LOW stock is viewed as a stable, long-term choice in the consumer discretionary sector, given its revenue and cash flow consistency, dividend growth attributes, and share buybacks. Nonetheless, I am neutral on the stock due to its valuation.
LOW Stock’s Recent Performance
Over the past year, LOW has seen its stock price decline by about 13%. Like many stocks in the consumer discretionary sector, as the broader market and the sector struggle, LOW has moved lower and is currently about 24% away from its all-time high.
However, on a longer-term basis, things…