Lowe’s Companies (LOW) – Investment Analysts’ Recent Ratings Updates

Several analysts have recently updated their ratings and price targets for Lowe’s Companies (NYSE: LOW):

• 11/20/2024 – Lowe’s Companies had its price target raised by analysts at Royal Bank of Canada from $290.00 to $291.00. They now have a “sector perform” rating on the stock.
• 11/20/2024 – Lowe’s Companies had its price target lowered by analysts at Sanford C. Bernstein from $306.00 to $301.00. They now have an “outperform” rating on the stock.
• 11/20/2024 – Lowe’s Companies had its price target raised by analysts at Mizuho from $280.00 to $282.00. They now have an “outperform” rating on the stock.
• 11/20/2024 – Lowe’s Companies had its price target raised by analysts at DA Davidson from $240.00 to $270.00. They now have a “neutral” rating on the stock.
• 11/20/2024 – Lowe’s Companies had its price target raised by analysts at Evercore ISI from $255.00 to $270.00. They now have an “in-line” rating on the stock.
• 11/20/2024 – Lowe’s Companies had its price target raised by analysts at Barclays PLC from $229.00 to $245.00. They now have an “equal weight” rating on the stock.
• 11/20/2024 – Lowe’s Companies had its price target raised by analysts at Truist Financial Co. from $307.00 to $310.00. They now have a “buy” rating on the stock.
• 11/19/2024 – Lowe’s Companies had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $305.00 price target on the stock.
• 11/11/2024 – Lowe’s Companies had its price target raised by analysts at Stifel Nicolaus from $250.00 to $260.00. They now have a “hold” rating on the stock.
• 11/8/2024 – Lowe’s Companies was upgraded by analysts at Telsey Advisory Group from a “market perform” rating to an “outperform” rating. They now have a $305.00 price target on the stock, up previously from $275.00.
• 11/7/2024 – Lowe’s Companies had its price target raised by analysts at Truist Financial Co. from $306.00 to $307.00. They now have a “buy” rating on the stock.
• 11/6/2024 – Lowe’s Companies had its price target raised by analysts at Wells Fargo & Company from $280.00 to $295.00. They now have an “overweight” rating on the stock.
• 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.

Lowe’s Companies Price Performance

Lowe’s Companies stock traded down $0.77 during trading hours on Friday, hitting $264.45. The stock had a trading volume of 758,268 shares, compared to its average volume of 2,440,323. Lowe’s Companies, Inc. has a 1-year low of $196.23 and a 1-year high of $287.01. The stock has a market capitalization of $150.02 billion, a price-to-earnings ratio of 22.06, a PEG ratio of 2.15 and a beta of 1.10. The stock’s fifty day moving average is $268.56 and its two-hundred day moving average is $244.50.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $4.10 EPS for the quarter, beating analysts’ consensus estimates of $3.96 by $0.14. The firm had revenue of $23.59 billion for the quarter, compared to analysts’ expectations of $23.93 billion. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The firm’s revenue was down 5.5% on a year-over-year basis. During the same period in the prior year, the company earned $4.56 EPS. As a group, sell-side analysts anticipate that Lowe’s Companies, Inc. will post 11.82 EPS for the current year.

Lowe’s Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd were paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.74%. This is a boost from Lowe’s Companies’s previous quarterly dividend of $0.15. The ex-dividend date was Wednesday, October 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is 38.37%.

Insider Buying and Selling

In other Lowe’s Companies news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $2,334,678.06. This trade represents a 41.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Margrethe R. Vagell sold 5,730 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $271.45, for a total transaction of $1,555,408.50. Following the completion of the transaction, the executive vice president now directly owns 13,214 shares of the company’s stock, valued at approximately $3,586,940.30. This represents a 30.25 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.

Hedge Funds Weigh In On Lowe’s Companies

Hedge funds have recently made changes to their positions in the stock. Stonebridge Capital Advisors LLC boosted its holdings in Lowe’s Companies by 18.6% in the first quarter. Stonebridge Capital Advisors LLC now owns 1,410 shares of the home improvement retailer’s stock valued at $359,000 after acquiring an additional 221 shares during the last quarter. Quadrature Capital Ltd acquired a new position in shares of Lowe’s Companies in the 1st quarter valued at about $2,769,000. Truvestments Capital LLC grew its holdings in shares of Lowe’s Companies by 14.5% during the 1st quarter. Truvestments Capital LLC now owns 931 shares of the home improvement retailer’s stock worth $237,000 after purchasing an additional 118 shares during the period. LRI Investments LLC acquired a new stake in Lowe’s Companies during the 1st quarter worth approximately $468,000. Finally, Kestra Advisory Services LLC increased its position in Lowe’s Companies by 6.5% during the 1st quarter. Kestra Advisory Services LLC now owns 65,131 shares of the home improvement retailer’s stock worth $16,591,000 after purchasing an additional 3,963 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

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.