Mooresville, North Carolina-based Lowe's Companies, Inc. (LOW) operates as a home improvement retailer. With a market cap of $121.1 billion, the company offers tools, appliances, building supplies, carpet, bathroom, and lighting products. Shares of leading home improvement retailer have underperformed the broader market over the past year.
LOW has declined 14.9% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 20.6%. In 2026, LOW stock is down 9.5%, compared to the SPX's 13.9% rise on a YTD basis. Mark Cuban Says If You Win The Lottery, Don't Take The Lump Sum — And Tell People Who Ask for Money No, But 'Be Nice.
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Narrowing the focus, LOW's underperformance is also apparent compared to the State Street Consumer Discretionary Select Sector SPDR ETF (XLY). The exchange-traded fund has gained about 3.1% over the past year. Moreover, the ETF's marginal dip on a YTD basis outshines the stock's single-digit losses over the same time frame.
LOW has underperformed amid housing market headwinds and shifting consumer spending. In addition, multi-decade high mortgage rates have frozen home sales and cut demand for pre-sale and post-purchase renovations. At the same time, retail customers have pulled back on discretionary DIY projects, an area where Lowe's has more exposure than Pro-focused The Home Depot, Inc. (HD).
On May 20, LOW shares closed up more than 1% after reporting its Q1 results. Its adjusted EPS of $3.03 beat Wall Street expectations of $2.96. The company's revenue was $23.1 billion, beating Wall Street forecasts of $22.9 billion.
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