Just days after stepping into his new role as CEO of Lowe's (NYSE:LOW), Marvin Ellison is taking a sledgehammer to the home-improvement center.
He joined the retailer on July 2. A week after hanging his nameplate on his door, Ellison announced he was reorganizing the company's C-suite structure by eliminating the positions of chief operating officer, chief customer officer, corporate administration executive, and chief development officer.
The responsibilities of these jobs will be assumed by other executives -- including some newly-created EVP-level roles -- who will report directly to Ellison. Lowe's CFO is also retiring in October.
Fashion fixtures have always been a key differentiator between Lowe's and Home Depot. Image source: Lowe's.
No time to wasteTo keep Lowe's from slipping further behind Home Depot (NYSE:HD), Ellison said a shake-up was necessary. "We have taken a fresh look at our organizational structure and are realigning our leadership team to improve our focus, better leverage Lowe's omni-channel capabilities and deliver increased value for our customers, associates and shareholders."
Top Canadian Stocks To Buy For 2021: Rhino Resource Partners LP(RNO)
Rhino Resource Partners LP produces, processes, and sells coal of various steam and metallurgical grades in the United States. The company holds interests in various surface and underground coal mines located in Central Appalachia, Northern Appalachia, the Illinois Basin, and the Western Bituminous region. As of December 31, 2010, it operated 10 mines, including 5 underground and 5 surface mines located in Kentucky, Ohio, and West Virginia. The company markets its steam coal primarily to electric utility companies as fuel for their steam-powered generators; and metallurgical coal for steel and coke producers. It also engages in mining limestone from reserves located at its Sands Hill mining complex and sells it as aggregate to various construction companies and road builders. The company was founded in 2003 and is based in Lexington, Kentucky.
Advisors' Opinion:- [By Logan Wallace]
JPMorgan Chase & Co. set a €74.00 ($86.05) target price on Renault (EPA:RNO) in a research report report published on Thursday morning. The firm currently has a neutral rating on the stock.
- [By Logan Wallace]
Credit Suisse Group set a €73.00 ($84.88) price objective on Renault (EPA:RNO) in a research report sent to investors on Tuesday morning. The brokerage currently has a neutral rating on the stock.
- [By Ethan Ryder]
JPMorgan Chase & Co. set a €98.00 ($113.95) price target on Renault (EPA:RNO) in a research note released on Monday. The firm currently has a neutral rating on the stock.
Top Canadian Stocks To Buy For 2021: Transcananda Pipelines Ltd.(TRP)
Transcanada Corporation operates as an energy infrastructure company in North America. The company operates in three segments: Natural Gas Pipelines, Oil Pipelines, and Energy. The Natural Gas Pipelines segment develops and operates energy infrastructure, including natural gas pipelines and regulated gas storage facilities. Its network of natural gas pipelines extends approximately 60,000 km tapping into gas supply basins in North America. The Oil Pipelines segment operates Keystone crude oil pipeline system, which includes completed 3,467 km Wood River/Patoka and Cushing Extension phases, and the proposed 2,673 km U.S. Gulf Coast Expansion. The Energy segment engages in the acquisition, development, construction, ownership, and operation of electrical power generation plants; the purchase and marketing of electricity; the provision of electricity account services to energy and industrial customers; and the development, construction, ownership, and operation of non-regulat ed natural gas storage in Alberta. The company was founded in 1951 and is headquartered in Calgary, Canada.
Advisors' Opinion:- [By Matthew DiLallo]
(NasdaqOTH: ANNSF)
Industrials Spain Airports Enbridge (NYSE:ENB) Energy Canada Oil and natural-gas pipelines and natural-gas utilities NextEra Energy (NYSE:NEE) Utilities U.S. Electric and natural gas utilities, wind- and solar-power generation Atlantia (NASDAQOTH:ATASY) Industrials Italy Toll roads and airports Duke Energy (NYSE:DUK) Utilities U.S. Electric and natural gas utilities TransCanada (NYSE:TRP) Energy Canada Oil and natural gas pipelines Kinder Morgan (NYSE:KMI) Energy U.S. Oil and natural gas pipelines Iberdrola (NASDAQOTH:IBDRY) Utilities Spain Electric and natural gas utilities Getlink (NASDAQOTH:GRPTF) Industrials France RailroadsData source: S&P Global.
- [By Matthew DiLallo]
TransCanada (NYSE:TRP) has a long history of growing shareholder value. Overall, the Canadian pipeline giant has increased its dividend in each of the past 19 years -- including an 8.7% raise for 2019 -- which has helped fuel 12% total annual returns over that time frame. As a result of that steady diet of dividend increases, TransCanada currently offers an attractive 4.7% yield.
- [By Matthew DiLallo]
TransCanada (NYSE:TRP) recently closed the books on a record year by delivering strong fourth-quarter results. The Canadian energy infrastructure giant placed 4 billion Canadian dollars ($3 billion) of expansion projects into service, which helped drive full-year earnings and cash flow up by 16%. Meanwhile, with another CA$9 billion ($6.8 billion) of capital projects nearing completion and several billion more in the pipeline, the company expects to continue growing at a healthy rate for the next several years.
Top Canadian Stocks To Buy For 2021: Prestige Brand Holdings Inc.(PBH)
Prestige Brands Holdings, Inc., together with its subsidiaries, engages in marketing, selling, and distributing over-the-counter healthcare and household cleaning products primarily in North America. The company?s Over-The-Counter Healthcare segment offers a portfolio of OTC products under nine core OTC brands, including Chloraseptic sore throat remedies, Clear Eyes eye drops, Compound W wart removers, Dramamine motion sickness products, Efferdent and Effergrip denture products, Little Remedies pediatric healthcare products, Luden's cough drops, PediaCare pediatric healthcare products, and The Doctor?s brand of oral care products. This segment also provides other significant brands that include Dermoplast first-aid products, Murine eye and ear care products, NasalCrom allergy relief product, New-Skin liquid bandage, and Wartner wart removers. Its Household Cleaning segment markets household cleaning products, such as abrasive and non-abrasive tub and tile cleaner, scrubb ing pads and sponges, dilutables, anti-bacterial hard surface spray for counter tops, and glass cleaners under the Comet, Chore Boy, and Spic and Span brands. Prestige Brands Holdings distributes its products through various retail channels, including drug, food, dollar, and club stores, as well as supermarkets and mass merchandisers. The company was founded in 1996 and is headquartered in Irvington, New York.
Advisors' Opinion:- [By Logan Wallace]
Get a free copy of the Zacks research report on Prestige Consumer Healthcare (PBH)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Joseph Griffin]
Prestige Consumer Healthcare Inc (NYSE:PBH) – Stock analysts at William Blair cut their Q4 2019 earnings estimates for shares of Prestige Consumer Healthcare in a report released on Thursday, February 7th. William Blair analyst J. Andersen now forecasts that the company will post earnings of $0.69 per share for the quarter, down from their previous forecast of $0.70. William Blair also issued estimates for Prestige Consumer Healthcare’s FY2020 earnings at $2.80 EPS.
- [By Motley Fool Transcribers]
Prestige Brands Holdings Inc (NYSE:PBH)Q3 2019 Earnings Conference CallFeb. 07, 2019, 8:30 a.m. ET
Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks:Operator
- [By Logan Wallace]
Shares of Prestige Brands Holdings, Inc. (NYSE:PBH) have been assigned a consensus recommendation of “Hold” from the nine research firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $71.40.
Top Canadian Stocks To Buy For 2021: Chipotle Mexican Grill Inc.(CMG)
Chipotle Mexican Grill, Inc. develops and operates fast-casual, fresh Mexican food restaurants in the United States, Canada, and England. Its restaurants primarily offer burritos, tacos, burrito bowls, and salads. As of December 31, 2011, it operated 1,230 restaurants, which includes 1 ShopHouse Southeast Asian Kitchen. Chipotle Mexican Grill, Inc. was founded in 1993 and is based in Denver, Colorado.
Advisors' Opinion:- [By Motley Fool Transcribers]
Chipotle Mexican Grill Inc (NYSE:CMG)Q1 2019 Earnings CallApril 24, 2019, 4:30 p.m. ET
Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks:Operator
- [By Adam Levine-Weinberg]
I have been bullish about Chipotle Mexican Grill (NYSE:CMG) for several years, believing that Chipotle would eventually recover from its food safety problems. During 2018 in particular, the fast-casual pioneer made a lot of progress in accelerating its comp sales growth and returning to margin expansion (excluding one-time costs).
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