Evercore ISI Cuts Lowe's Companies (NYSE:LOW) Price Target to $245.00

Key Points

• Evercore ISI has decreased its price target for Lowe's Companies from $250.00 to $245.00, while maintaining an "in-line" rating on the stock, indicating a potential upside of 4.15% from the previous close.
• Multiple analysts have raised their price targets for Lowe's, with Royal Bank of Canada setting it at $260.00 and Wells Fargo increasing theirs to $300.00, highlighting varied outlooks on the retailer.
• Lowe's reported $4.33 EPS for the recent quarter, surpassing estimates, and set its FY 2025 guidance at 12.200-12.450 EPS, indicating positive growth expectations.

Lowe's Companies (NYSE:LOW - Get Free Report) had its price target lowered by research analysts at Evercore ISI from $250.00 to $245.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an "in-line" rating on the home improvement retailer's stock. Evercore ISI's price objective points to a potential upside of 4.15% from the company's previous close.

Other analysts have also recently issued research reports about the stock. Royal Bank Of Canada boosted their target price on shares of Lowe's Companies from $243.00 to $260.00 and gave the company a "sector perform" rating in a report on Thursday, August 21st. DA Davidson boosted their target price on shares of Lowe's Companies from $240.00 to $266.00 and gave the company a "neutral" rating in a report on Thursday, August 21st. Wells Fargo & Company boosted their target price on shares of Lowe's Companies from $260.00 to $300.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Barclays set a $267.00 target price on shares of Lowe's Companies in a report on Thursday, August 21st. Finally, Wolfe Research initiated coverage on shares of Lowe's Companies in a research note on Wednesday, September 17th. They issued an "outperform" rating on the stock. Sixteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $282.91.

Lowe's Companies Stock Up 0.3%

LOW opened at $235.23 on Tuesday. The company has a market capitalization of $131.93 billion, a price-to-earnings ratio of 19.26, a PEG ratio of 2.15 and a beta of 0.88. The firm has a 50-day moving average price of $254.92 and a 200-day moving average price of $234.46. Lowe's Companies has a twelve month low of $206.38 and a twelve month high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, beating analysts' consensus estimates of $4.24 by $0.09. Lowe's Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The company had revenue of $23.96 billion during the quarter, compared to analyst estimates of $23.99 billion. During the same period last year, the business earned $4.10 earnings per share. Lowe's Companies's revenue was up 1.6% compared to the same quarter last year. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, sell-side analysts expect that Lowe's Companies will post 11.9 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Marvin R. Ellison sold 40,000 shares of Lowe's Companies stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $264.10, for a total transaction of $10,564,000.00. Following the transaction, the chief executive officer owned 249,043 shares in the company, valued at $65,772,256.30. The trade was a 13.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the company's stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $272.60, for a total value of $11,942,606.00. Following the transaction, the executive vice president owned 66,566 shares in the company, valued at $18,145,891.60. This trade represents a 39.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 92,931 shares of company stock worth $24,945,752. Corporate insiders own 0.27% of the company's stock.

Hedge Funds Weigh In On Lowe's Companies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LOW. Howard Hughes Medical Institute purchased a new position in shares of Lowe's Companies during the second quarter worth about $27,000. Solstein Capital LLC raised its stake in shares of Lowe's Companies by 627.8% during the second quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer's stock worth $29,000 after purchasing an additional 113 shares during the last quarter. Traub Capital Management LLC purchased a new stake in shares of Lowe's Companies during the second quarter worth approximately $30,000. Vermillion & White Wealth Management Group LLC raised its stake in shares of Lowe's Companies by 128.8% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 135 shares of the home improvement retailer's stock worth $30,000 after purchasing an additional 76 shares during the last quarter. Finally, Fairway Wealth LLC purchased a new stake in shares of Lowe's Companies during the first quarter worth approximately $32,000. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe's Companies Company Profile

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.

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