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 owned by the same company? Everyone is eager to learn the answer to that.
Are Lowe’s and Home Depot Owned by the Same Company?
No, a single company does not own both Home Depot and Lowe’s. Both of them are owned by different publicly traded companies. Home Depot and Lowe’s do not share ownership. Anyone who wants to purchase stock in either company may do so because both companies’ shares are publicly traded.
All of the queries regarding Home Depot and Lowe’s ownership are addressed in this article. Let’s remain a unit.
What Company Owns Home Depot?
The Vanguard Group, Inc. holds 8.9% of its shares, making it the largest shareholder.
At the moment, CEO Craig Menear and his group of executive and senior leadership employees are in charge of the publicly traded Home Depot.
The Home Depot, Inc. (HD), a well-known retailer of home improvement products, was established in 1978 by two ardent do-it-yourselfers, Bernie Marcus and Arthur Blank. They envisioned a superstore with a wide selection of goods, affordable prices, and a well-trained staff that could guide customers through most home repair and improvement projects.
In Atlanta, the first two Home Depot locations were inaugurated in 1979. Since going public in 1981, the business has expanded into the world’s largest retailer of home improvement products, with nearly 2,300 locations across the United States, Canada, and Mexico. Additionally, it provides more than a million items online.
Read: Can You Work at Lowe’s and Home Depot at the Same Time?
Does The Same Company Own Lowe’s And Home Depot?
In 1981, Home Depot went public and offered its shares for $12 each. The top five shareholders;
- 8% belongs to The Vanguard Group.
- 4.52% SSgA Funds Management Inc.
- 4.36% for BlackRock Fund Advisors
- 3.67% belongs to Capital Research and Management Company.
- 1.68% belongs to Fidelity Management and Research Company.
No company on this list holds more than 50% of Home Depot’s stock, meaning it runs independently and not as a subsidiary.
In 1961, Lowe’s went public, selling shares for $12.25 each. These are its top five stakeholders:
- 7.96% belongs to The Vanguard Group
- 4.44% SSgA Funds Management Inc.
- 4.35% for BlackRock Fund Advisors
- 3.11% for Fidelity Management and Research Company
- 1.89% JPMorgan Investment Management
Lowe’s and Home Depot share the same top three shareholders, but they are all members of a minority group. They lack majority control as a result.
Read: When Does Home Depot Pay?
Is Lowe’s Owned by Walmart?
No. Lowe’s and Walmart are not associated in any way. The two businesses are independent and do not share any ownership interests. However, both businesses are significant retailers.
Walmart focuses on general retail but also has a home improvement department, in contrast to Lowe’s, which focuses its services on home improvement.
Lowe’s is not owned by Walmart, which has no equity in the business. A company would need to own more than 50% of its outstanding shares and consolidate 100% of the other company’s assets and liabilities on its balance sheet to have a full ownership interest in it.
With Lowe’s and Walmart, that is not the case. The two businesses are independent of one another, and various shareholders own the respective stocks of each. Not to mention, their businesses operate completely independently of one another.
The companies that own Lowe’s and Walmart are separate. Both stocks are traded openly on the stock market but are not equivalent. It would have to be a holding company with a majority stake if one company owned both Walmart and Lowe’s. However, Walmart and Lowe’s are independent businesses, and there is 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 businesses. The company generated more than $151 billion in revenue and employed 490,600 people in 2021.
Lowe’s is the country’s second-largest hardware retailer after Home Depot. In all 50 states and Canada, Lowe’s owns and runs more than 2,100 retail locations.
Home improvement retailers The Home Depot and Lowe’s Companies, Inc. were established in 1978 and 1946, respectively. They both provide a variety of goods, from flooring to electrical goods. The Home Depot operated more than 2,300 stores worldwide as of 2021, compared to Lowe’s Companies, Inc., which had 1,971 locations. Most of The Home Depot’s stores were in the United States.
Home Depot had annual sales of more than 151 billion dollars in 2021, while Lowe’s, its main rival, had sales of more than 96 billion dollars.
Consumer spending on products for home improvement has increased on average over the past year. The Home Depot was ranked fourth among the top 100 American retailers in a National Retail Federation survey, with anticipated retail sales of over 121 billion in 2020. In this same survey, Lowe’s Companies, Inc. came in ninth place with estimated retail sales of close to 83 billion dollars.
Read: How Much Does Home Depot Charge for Toilet Installation?
What Companies Does Home Depot Own?
Even though its primary business is operating brick-and-mortar stores, Home Depot has expanded by buying online businesses with a reputation for having a strong customer focus.
We examine six of Home Depot’s most significant acquisitions below.
Compact Power Equipment, Inc.
- Equipment maintenance and rental services are the types of businesses.
- Purchase cost: $265 million
- Date of acquisition: July 6, 2017
The Company Store
- Business type: Online retailer of textiles and home furnishings
- Purchase Price: Terms of the Agreement are Undisclosed
- Date of acquisition: December 19, 2017
Interline Brands, Inc.
- Type of Business: Building Products Distributor and Direct Marketer
- Price of acquisition: $1.6 billion
- Date of acquisition: August 24, 2015
Blinds.com
- Business Type: Online retailer of window coverings
- Purchase Price: Terms of the Agreement are Undisclosed
- Date of acquisition: January 23, 2014
Redbeacon
- Online services for home improvement.
- Cost of acquisition: The agreement’s terms are confidential.
- Date of acquisition: January 20, 2012
HD Supply
- Business type: Wholesale distributor of products for maintenance, repair, and operations (MRO)
- Cost of acquisition: about $8 billion
- Date of acquisition: December 24, 2020
The Home Depot also owns the MRO business Interline Brands, which has 70 distribution centers nationwide and is now known as The Home Depot Pro.
Which Corporation Is In Charge of Lowe’s and Home Depot?
Home Depot trades on the open market. The same is true of Lowe’s. Both of these shops are publicly traded on the American stock market, so neither is privately owned.
Shareholders own them both, and a Board of Directors and their CEOs are in charge of them.
Home Depot or Lowe’s, Which Is Larger?
Home Depot had annual sales of more than 151 billion dollars in 2021, while Lowe’s, its main rival, had sales of more than 96 billion dollars.
Who Is the Biggest Rival of Home Depot?
Lowe’s, Ace Hardware, Menards, Home Hardware, Best Buy, and Amazon are home improvement retailers competing with Home Depot.
What Distinguishes Home Depot?
They take pride in being the world’s biggest retailer of home improvements today. They strive to provide exceptional service to their patrons, employees, communities, and shareholders in 2,300 stores across North America. To them, leadership entails just that. The difference at The Home Depot is that.
Who Is Lowe’s Principal Rival?
Lowe’s Home Improvement’s competitors are Home Depot, Best Buy, Sam’s Club, and Bed Bath & Beyond.
Read: Can You Return Home Depot Truck To Any Store?
Conclusion…
Home Depot is Lowe’s main rival rather than its owner. Even the companies that own Home Depot and Lowe’s are separate. So, in this article, we come to this conclusion.
Stock in both companies is available for purchase on the stock market, and those who want to do so can take advantage of financing options. Therefore, we hope this article will help you learn more about Lowe’s and Home Depot.