If You'd Put $1,000 Into Lowe's Stock 20 Years Ago, Here's What You'd Have Today

Closeup of Lowe's sign outside of storefront in Brooklyn, New York.

The moribund housing market has been a headwind for Lowe's (LOW) over the past few years, but truly long-term investors in the nation's second-largest home improvement retailer have enjoyed market-beating returns.

Lowe's and competitor Home Depot (HD) are both contending with higher interest rates, lower home sales and a decline in do-it-yourself (DIY) customers who flocked to their stores during the pandemic.