Evercore ISI Lowers Lowe's Companies (NYSE:LOW) Price Target to $250.00

Key Points

• Evercore ISI has reduced its price target for Lowe's Companies from $275.00 to $250.00, while maintaining an "in-line" rating, indicating potential upside of 5.00%.
• Other analysts, including Wells Fargo and Truist Financial, have raised their price targets for Lowe's, with consensus reaching $283.83.
• Lowe's reported earnings per share of $4.33 for the most recent quarter, surpassing estimates, and has set guidance for FY 2025 at 12.200-12.450 EPS.

Lowe's Companies (NYSE:LOW - Get Free Report) had its price objective cut by stock analysts at Evercore ISI from $275.00 to $250.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has an "in-line" rating on the home improvement retailer's stock. Evercore ISI's price objective indicates a potential upside of 5.00% from the stock's current price.

Other equities research analysts have also issued research reports about the stock. Wells Fargo & Company upped their target price on shares of Lowe's Companies from $260.00 to $300.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Truist Financial upped their target price on shares of Lowe's Companies from $264.00 to $283.00 and gave the stock a "buy" rating in a report on Thursday, August 21st. Barclays set a $267.00 price objective on shares of Lowe's Companies in a report on Thursday, August 21st. Gordon Haskett raised shares of Lowe's Companies to a "hold" rating in a report on Wednesday, August 13th. Finally, Citigroup decreased their price objective on shares of Lowe's Companies from $253.00 to $242.00 and set a "neutral" rating on the stock in a report on Thursday, July 31st. Seventeen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $283.83.

Lowe's Companies Stock Performance

Shares of LOW stock traded down $3.58 during mid-day trading on Tuesday, reaching $238.10. The company's stock had a trading volume of 928,467 shares, compared to its average volume of 2,715,394. Lowe's Companies has a 1-year low of $206.38 and a 1-year high of $287.01. The company has a market cap of $133.53 billion, a P/E ratio of 19.58, a PEG ratio of 2.28 and a beta of 0.88. The firm's 50-day moving average is $254.18 and its two-hundred day moving average is $234.30.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (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 analysts' expectations of $23.99 billion. During the same quarter in the prior year, the company posted $4.10 EPS. The business's revenue was up 1.6% on a year-over-year basis. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Sell-side analysts anticipate that Lowe's Companies will post 11.9 EPS for the current year.

Insider Activity at Lowe's Companies

In other Lowe's Companies news, EVP Brandon J. Sink sold 8,192 shares of the firm's stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $268.58, for a total transaction of $2,200,207.36. Following the sale, the executive vice president directly owned 21,603 shares in the company, valued at approximately $5,802,133.74. This trade represents a 27.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Marvin R. Ellison sold 40,000 shares of Lowe's Companies stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $264.10, for a total transaction of $10,564,000.00. Following the completion of the sale, the chief executive officer owned 249,043 shares in the company, valued at $65,772,256.30. This trade represents a 13.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 92,931 shares of company stock valued at $24,945,752. Corporate insiders own 0.27% of the company's stock.

Institutional Trading of Lowe's Companies

A number of hedge funds and other institutional investors have recently made changes to their positions in LOW. Waterloo Capital L.P. grew its position in shares of Lowe's Companies by 1.2% during the second quarter. Waterloo Capital L.P. now owns 3,455 shares of the home improvement retailer's stock worth $767,000 after purchasing an additional 41 shares in the last quarter. TruWealth Advisors LLC grew its holdings in Lowe's Companies by 2.7% during the 3rd quarter. TruWealth Advisors LLC now owns 1,580 shares of the home improvement retailer's stock valued at $397,000 after buying an additional 42 shares in the last quarter. Vertex Planning Partners LLC grew its holdings in Lowe's Companies by 2.9% during the 1st quarter. Vertex Planning Partners LLC now owns 1,582 shares of the home improvement retailer's stock valued at $369,000 after buying an additional 44 shares in the last quarter. Operose Advisors LLC grew its holdings in Lowe's Companies by 1.4% during the 2nd quarter. Operose Advisors LLC now owns 3,331 shares of the home improvement retailer's stock valued at $739,000 after buying an additional 45 shares in the last quarter. Finally, Watts Gwilliam & Co. LLC grew its holdings in Lowe's Companies by 4.3% during the 2nd quarter. Watts Gwilliam & Co. LLC now owns 1,094 shares of the home improvement retailer's stock valued at $243,000 after buying an additional 45 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

About Lowe's Companies

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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