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Last week Lowe's (#LOW) announced their Q4 earnings and beat analyst expectations! The company reported Q4 Non-GAAP EPS of $1.33 (beat by $0.12) and revenue of $20.31B (+26.7% Y/Y).
Revenue has been growing at Lowe's since 2010 and the company projects that they'll continue capturing market share as they head into 2021. Share holders of Lowe's have also been rewarded by dividend growth for the past 57 years. As of now the company is paying out a 1.50% dividend yield, but they have a lot of room to continue to grow it and to repurchase shares. Since reporting earnings the company's stock has dipped from $170 to $159 (-6.45%). Is now a good buy on dip opportunity for investors that want to add Lowe's to their portfolio?