Are Lowe’s and Home Depot the same company?
Home Depot and Lowe’s dominate the home improvement industry. Each operates more than 100,000 square feet of retail space and operates more than 2,000 stores.
But are Lowe’s and Home Depot the same company? Everyone is dying to know the answer.
Are Lowe’s and Home Depot the same company?
No, one company doesn’t own both Home Depot and Lowe’s. They all belong to different listed companies. Home Depot and Lowe’s do not share ownership. Anyone who wants to buy stock in either company can do so, as both companies’ shares are publicly traded.
All questions about Home Depot and Lowe’s ownership are answered in this article. Let’s keep it as a whole.
What company owns The Home Depot?
Vanguard Group, Inc. holds 8.9% of its shares and is the largest shareholder.
Currently, CEO Craig Menear and his executive team and senior leadership staff run publicly traded Home Depot.
Home Depot, Inc. (HD) is a well-known retailer of home improvement products, founded in 1978 by two enthusiastic do-it-yourselfers, Bernie Marcus and Arthur Blank. They envisioned a supermarket with a wide assortment of goods at affordable prices and a staff trained to guide customers through most home repair and improvement projects.
In Atlanta, Home Depot opened its first two stores in 1979. Since going public in 1981, the company has grown to become the world’s largest retailer of home improvement products, with nearly 2,300 stores in the US, Canada and Mexico. Additionally, it offers over a million items online.
Read: Can you work at Lowe’s and Home Depot at the same time?
Are Lowe’s and Home Depot the same company?
In 1981, Home Depot went public at $12 a share. top five shareholders;
- 8% belong to the Vanguard Group.
- 4.52% SSgA Fund Management Company
- BlackRock Fund Advisor 4.36%
- 3.67% belonged to Capital Research and Management Company.
- 1.68% belonged to Fidelity Management and Research Company.
No company on this list owns more than 50% of Home Depot, meaning it operates independently rather than as a subsidiary.
In 1961, Lowe’s went public, selling stock at $12.25 per share. These are its top five stakeholders:
- 7.96% belong to Vanguard Group
- 4.44% SSgA Fund Management Company
- BlackRock Fund Advisor 4.35%
- Fidelity Management & Research 3.11%
- 1.89% JP Morgan Investment Management
Lowe’s and Home Depot have the same top three shareholders, but they are all members of minority groups. Therefore, they lack majority control.
Read: When Does Home Depot Pay?
Is Lowe’s owned by Walmart?
No. Lowe’s and WalmArt has nothing to do with it.The two businesses are independent, notNo ownership interest is shared. However, both businesses are important retailers.
Walmart focuses on general retail but also has a home improvement division, while Lowe’s focuses its services on home improvement.
Lowe’s is not owned by Walmart, which has no equity in the business. A company needs to own more than 50% of its outstanding shares and incorporate 100% of another company’s assets and liabilities on its balance sheet to have a full ownership interest in that company.
That’s not the case for Lowe’s and Walmart. The two businesses are independent of each other, with each shareholder holding its own shares. Not to mention, their businesses operate completely independently of each other.
The companies that own Lowe’s and Walmart are independent. Both stocks are publicly traded on the stock market but are not equivalent. If a company owns both Walmart and Lowe’s, it must be a majority-owned holding company. However, Wal-Mart and Lowe’s are separate businesses with no such holding company.
Read: How does Home Depot curbside pickup work?
Is Lowe’s or Home Depot a bigger company?
In the US, Home Depot and Lowe’s are both larger players. The company generated more than $151 billion in revenue in 2021 and employed 490,600 people.
Lowe’s is the second largest hardware retailer in the United States after Home Depot. Lowe’s owns and operates more than 2,100 retail locations in all 50 states and Canada.
Home improvement retailers The Home Depot and Lowe’s Companies, Inc. were founded in 1978 and 1946, respectively. They both offer a variety of merchandise, from flooring to electronics. As of 2021, Home Depot operates more than 2,300 stores worldwide, while Lowe’s Companies, Inc. has 1,971 stores. Most of Home Depot’s stores are in the United States.
Home Depot has annual sales of more than $151 billion in 2021, compared with archrival Lowe’s of more than $96 billion.
Average consumer spending on home improvement products has increased over the past year. Home Depot ranked No. 4 among the top 100 U.S. retailers in a survey by the National Retail Federation, with projected retail sales of more than $121 billion in 2020. In the same survey, Lowe’s Companies, Inc. came in ninth, with estimated retail sales of just under $83 billion.
Read: How much does The Home Depot charge for toilet installation?
What companies does The Home Depot own?
Although Home Depot’s main business is operating brick-and-mortar stores, it has grown by acquiring an online business known for its intense customer focus.
We examine six of Home Depot’s most significant acquisitions below.
compact power equipment co.
- Equipment repair and rental services are business types.
- Purchase cost: $265 million
- Acquisition date: July 6, 2017
company store
- Business Type: Online Retailer of Textiles and Home Goods
- Purchase price: Terms of the agreement were not disclosed
- Acquisition date: December 19, 2017
Intermodal Brands
- Business Type: Building Products Distributor and Dropshipper
- Purchase price: $1.6 billion
- Acquisition date: August 24, 2015
shutter net
- Business Type: Curtain Online Retailer
- Purchase price: Terms of the agreement were not disclosed
- Acquisition date: January 23, 2014
red lighthouse
- Home Improvement Online Services.
- Acquisition costs: The terms of the agreement are confidential.
- Acquisition date: January 20, 2012
HD supply
- Type of Business: Wholesale Distributor of Maintenance, Repair and Operations (MRO) Products
- Acquisition cost: about $8 billion
- Acquisition date: December 24, 2020
Home Depot also owns Interline Brands, an MRO business that has 70 distribution centers across the country and is now called The Home Depot Pro.
Which company is responsible for Lowe’s and Home Depot?
Home Depot trades on the open market. So is Lowe’s. Both stores are publicly traded on the U.S. stock market, so neither is privately owned.
Shareholders own both companies, and the boards and their CEOs manage them.
Which is bigger, Home Depot or Lowe’s?
Home Depot has annual sales of more than $151 billion in 2021, compared with archrival Lowe’s of more than $96 billion.
Who is Home Depot’s biggest competitor?
Lowe’s, Ace Hardware, Menards, Home Hardware, Best Buy and Amazon are some of the home improvement retailers that compete with Home Depot.
What makes The Home Depot different?
They pride themselves on being the largest home improvement retailer in the world today. They strive to provide exceptional service to customers, employees, communities and shareholders at their 2,300 stores across North America. To them, leadership is what it is. The difference at The Home Depot is.
Who are Lowe’s’ main competitors?
Lowe’s Home Improvement competes with Home Depot, Best Buy, Sam’s Club and Bed Bath & Beyond.
Read: Can You Return a Home Depot Truck to Any Store?
in conclusion…
Home Depot is Lowe’s primary competitor, not its owner. Even the companies that own Home Depot and Lowe’s are independent. So, in this article, we have come to this conclusion.
Shares in both companies are available for purchase on the stock market, and those looking to buy can take advantage of financing options. So, we hope this article helped you learn more about Lowe’s and Home Depot.
