Lowe's CEO Marvin Ellison Shares Four Leadership Strategies
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 16h ago
0mins
Source: CNBC
- Frontline Leadership: Lowe's CEO Marvin Ellison emphasizes leading from the perspective of frontline employees, believing that understanding their needs enhances decision-making, a method shaped by his early work experiences that fosters effective communication and execution within the company.
- Opportunities in Pressure: During the COVID-19 pandemic, demand at Lowe's surged, prompting Ellison to swiftly eliminate bureaucratic hurdles, reducing capital approvals and tech processes from months to days, thereby enhancing the company's responsiveness and decision-making capabilities.
- Simplicity in Execution: Ellison points out that leaders often complicate plans, leading to execution failures; he focuses on core priorities to improve team execution, ensuring every employee clearly understands the company's strategic objectives.
- Rejecting Victim Mentality: Ellison stresses that personal background should not limit future potential, advocating for taking on challenging tasks and self-reflection to drive personal and team progress, promoting the idea of finding growth opportunities in adversity.
Analyst Views on LOW
Wall Street analysts forecast LOW stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LOW is 278.27 USD with a low forecast of 250.00 USD and a high forecast of 316.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
22 Analyst Rating
16 Buy
6 Hold
0 Sell
Moderate Buy
Current: 268.400
Low
250.00
Averages
278.27
High
316.00
Current: 268.400
Low
250.00
Averages
278.27
High
316.00
About LOW
Lowe's Companies, Inc. is a home improvement company. The Company offers a complete line of products for construction, maintenance, repair, remodeling, and decorating. It offers home improvement products in various categories, including appliances, seasonal and outdoor living, lumber, lawn and garden, kitchens and bath, hardware, building materials, millwork, paint, rough plumbing, tools, electrical, flooring, and decor. It is focused on offering a wide selection of national brand-name merchandise complemented by its selection of private brands. Its services include installed sales and Lowe's Protection Plans and Repair Services. The Company offers installation services through independent contractors in many of its product categories. It offers extended protection plans for certain products within the appliances, kitchens and bath, decor, millwork, rough plumbing, electrical, seasonal and outdoor living, tools, and hardware categories. It operates over 1,700 home improvement stores.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
