Here’s How Much a $1,000 Investment in Lowe’s Stock 10 Years Ago Would Be Worth Today
Written by
G. Brian Davis
Edited by
Cory Dudak
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Home improvement retailers saw a huge surge in sales and value during the pandemic. Combining more free time, less freedom to leave home, and skyrocketing home values created a perfect storm for home improvement projects.
But how has Lowe’s stock done since? Going back ten years, how has Lowe’s stock performed compared to the S&P 500?
$1,000 Invested in Lowe’s 10 Years Ago
A decade ago, Lowe’s stock traded at $46.37. As of this writing, it’s trading at $227.99.
That marks a 391.68% increase in price from ten years ago, or an average annual return of 39.17%. (Note that average annual return doesn’t consider compounding — you’d need to calculate the internal rate of return or IRR if you want perfect precision on compounding.)
Lowe’s stock also pays a dividend, currently at a yield of 1.93%. Over the last decade, the yield has hovered in the 1.5-2.2% range.
For context, Lowe’s has handily trounced the market at large. An index fund that tracks the S&P 500, SPY, has increased 166.54% over the same time period. It pays a similar dividend yield.
In other words, Lowe’s has more than doubled the returns delivered by the S&P 500 over the last decade.
Lowe’s Outlook
In the pandemic, Lowe’s peaked at around $260 in late 2021. Then it crashed down to around $180 by mid-2022, before rising again. It reached an all-time high of $262.49 in March 2024 before falling over 13% to today’s price.
You’ve heard it before: past performance does not guarantee future results. So, what does the future look like for Lowe’s?
The current consensus among 27 stock analysts ranges from “Hold” to “Strong Buy.” Between them, the average 12-month price target is $252.15, a 10.6% increase from today’s pricing.
Despite hiccups in the housing market over the last 18 months, the US still suffers from a housing shortage. That leaves plenty of demand for existing homes — which in turn need ongoing maintenance, repairs, and periodic renovations.
Which means the need for home improvement supplies isn’t going anywhere soon.
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