1 Number That Makes Lowe's Stock an Obvious Buy Before Aug. 19

Lowe's stock is trading at a discount with a forward P/E ratio of 17.4, the lowest since end of 2023, making it attractive ahead of Q2 earnings on Aug. 19. The company recently increased its dividend to $1.25 per share (2.28% yield), marking 55 consecutive years of dividend increases as a Dividend King. With five straight earnings beats and expected revenue growth of 13% quarter-over-quarter, investors should monitor comparable-store sales targets and online sales momentum.