Weekly Research Analysts’ Ratings Changes for Lowe’s Companies (LOW)

A number of firms have modified their ratings and price targets on shares of Lowe’s Companies (NYSE: LOW) recently:

• 10/28/2024 – Lowe’s Companies had its price target raised by analysts at TD Cowen from $270.00 to $290.00. They now have a “hold” rating on the stock.
• 10/22/2024 – Lowe’s Companies is now covered by analysts at Sanford C. Bernstein. They set an “outperform” rating and a $323.00 price target on the stock.
• 10/14/2024 – Lowe’s Companies had its price target raised by analysts at Truist Financial Co. from $269.00 to $306.00. They now have a “buy” rating on the stock.
• 10/11/2024 – Lowe’s Companies had its price target raised by analysts at Bank of America Co. from $275.00 to $305.00. They now have a “buy” rating on the stock.
• 10/9/2024 – Lowe’s Companies was upgraded by analysts at Loop Capital from a “hold” rating to a “buy” rating. They now have a $300.00 price target on the stock, up previously from $250.00.
• 10/2/2024 – Lowe’s Companies had its price target raised by analysts at Telsey Advisory Group from $230.00 to $275.00. They now have a “market perform” rating on the stock.
• 10/2/2024 – Lowe’s Companies had its price target raised by analysts at Loop Capital from $230.00 to $250.00. They now have a “hold” rating on the stock.
• 9/30/2024 – Lowe’s Companies had its price target raised by analysts at Piper Sandler from $262.00 to $307.00. They now have an “overweight” rating on the stock.
• 9/24/2024 – Lowe’s Companies was upgraded by analysts at Oppenheimer Holdings Inc. from a “market perform” rating to an “outperform” rating. They now have a $305.00 price target on the stock, up previously from $230.00.
• 9/23/2024 – Lowe’s Companies is now covered by analysts at Melius Research. They set a “buy” rating and a $290.00 price target on the stock.
• 9/19/2024 – Lowe’s Companies had its price target raised by analysts at TD Cowen from $240.00 to $265.00. They now have a “hold” rating on the stock.
• 9/18/2024 – Lowe’s Companies was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.

Lowe’s Companies Stock Up 0.3 %

Shares of LOW traded up $0.82 during mid-day trading on Friday, hitting $262.65. 1,332,908 shares of the company’s stock were exchanged, compared to its average volume of 2,441,298. The firm has a market cap of $149.00 billion, a price-to-earnings ratio of 21.78, a price-to-earnings-growth ratio of 2.15 and a beta of 1.10. The stock’s 50-day simple moving average is $262.57 and its 200-day simple moving average is $240.60. Lowe’s Companies, Inc. has a 52 week low of $189.05 and a 52 week high of $287.01.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share for the quarter, beating the consensus estimate of $3.96 by $0.14. Lowe’s Companies had a negative return on equity of 47.07% and a net margin of 8.25%. The firm had revenue of $23.59 billion during the quarter, compared to analysts’ expectations of $23.93 billion. During the same period in the previous year, the firm earned $4.56 EPS. The company’s quarterly revenue was down 5.5% compared to the same quarter last year. Analysts forecast that Lowe’s Companies, Inc. will post 11.91 earnings per share for the current fiscal year.

Lowe’s Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date is Wednesday, October 23rd. This is an increase from Lowe’s Companies’s previous quarterly dividend of $0.15. Lowe’s Companies’s dividend payout ratio is 38.14%.

Insider Buying and Selling

In other Lowe’s Companies news, EVP Margrethe R. Vagell sold 5,730 shares of the company’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $271.45, for a total transaction of $1,555,408.50. Following the completion of the sale, the executive vice president now directly owns 13,214 shares in the company, valued at $3,586,940.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Margrethe R. Vagell sold 5,730 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $271.45, for a total value of $1,555,408.50. Following the completion of the transaction, the executive vice president now owns 13,214 shares of the company’s stock, valued at approximately $3,586,940.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of Lowe’s Companies stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $248.82, for a total transaction of $1,684,262.58. Following the sale, the chief accounting officer now directly owns 9,383 shares in the company, valued at $2,334,678.06. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. JNBA Financial Advisors raised its position in Lowe’s Companies by 555.6% in the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 100 shares during the last quarter. MFA Wealth Advisors LLC increased its stake in shares of Lowe’s Companies by 118.6% in the third quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock valued at $35,000 after buying an additional 70 shares during the period. Keener Financial Planning LLC bought a new position in Lowe’s Companies in the 1st quarter valued at approximately $35,000. Stephens Consulting LLC boosted its position in Lowe’s Companies by 93.3% during the 2nd quarter. Stephens Consulting LLC now owns 145 shares of the home improvement retailer’s stock worth $32,000 after buying an additional 70 shares during the period. Finally, Kimelman & Baird LLC bought a new stake in Lowe’s Companies during the 2nd quarter worth approximately $37,000. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.