Retailer Lowe’s Companies (NYSE:LOW) is providing an update on its long-term targets and growth initiatives in its 2022 analyst and investor conference today.
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The company’s Total Home strategy is geared towards augmenting LOW’s omnichannel capabilities and positioning the company as a one-stop destination for its customers.
LOW’s has announced a new stock repurchase program worth $15 billion. This program adds to the company’s earlier program balance of $6.4 billion.
Further, the company has reiterated its outlook for 2022. It expects total sales to land between $97 billion and $98 billion. EPS is anticipated to hover between $13.65 and $13.80.
Analysts have a Moderate Buy consensus rating for the stock alongside an average price target of $235.78 at present.
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