Brokerages Set Lowe's Companies, Inc. (NYSE:LOW) PT at $284.13

Key Points

• Lowe's Companies, Inc. has received a consensus rating of "Moderate Buy" from 26 analysts, with 16 buy recommendations and one sell recommendation.
• The average twelve-month price target for Lowe's stock is $284.13, with varying target prices from different brokerages, including a high of $325.00 from UBS Group.
• The company recently reported quarterly earnings of $4.33 EPS, exceeding estimates and showing a revenue growth of 1.6% compared to the same quarter last year.

Lowe's Companies, Inc. (NYSE:LOW - Get Free Report) has been given an average rating of "Moderate Buy" by the twenty-six brokerages that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and sixteen have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $284.1250.

LOW has been the subject of several research reports. Mizuho increased their price target on Lowe's Companies from $280.00 to $285.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. Stifel Nicolaus increased their price objective on Lowe's Companies from $240.00 to $265.00 and gave the company a "hold" rating in a research report on Monday, August 18th. Robert W. Baird increased their price objective on Lowe's Companies from $285.00 to $295.00 and gave the company an "outperform" rating in a research report on Thursday, August 21st. Wells Fargo & Company raised their price target on Lowe's Companies from $260.00 to $300.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Finally, Piper Sandler lifted their price objective on Lowe's Companies from $269.00 to $294.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st.

Lowe's Companies Trading Up 1.0%

Lowe's Companies stock traded up $2.56 during trading on Monday, hitting $263.24. 683,607 shares of the company were exchanged, compared to its average volume of 2,690,591. The business's 50 day moving average is $237.06 and its 200 day moving average is $230.63. Lowe's Companies has a 52 week low of $206.38 and a 52 week high of $287.01. The company has a market capitalization of $147.63 billion, a P/E ratio of 21.64, a PEG ratio of 2.39 and a beta of 0.87.

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. The firm had revenue of $23.96 billion during the quarter, compared to the consensus estimate of $23.99 billion. Lowe's Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The business's revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.10 EPS. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Equities analysts expect that Lowe's Companies will post 11.9 EPS for the current year.

Lowe's Companies Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd will be paid a $0.012 dividend. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date is Wednesday, October 22nd. Lowe's Companies's dividend payout ratio (DPR) is presently 39.44%.

Insiders Place Their Bets

In other Lowe's Companies 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 completion of the transaction, the chief executive officer owned 249,043 shares in the company, valued at approximately $65,772,256.30. The trade was a 13.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Juliette Williams Pryor sold 929 shares of Lowe's Companies stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $257.20, for a total value of $238,938.80. Following the transaction, the executive vice president owned 30,099 shares of the company's stock, valued at $7,741,462.80. The trade was a 2.99% decrease in their position. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by insiders.

Institutional Trading of Lowe's Companies

Several hedge funds have recently bought and sold shares of LOW. Gen Wealth Partners Inc grew its stake in Lowe's Companies by 1.9% during the 4th quarter. Gen Wealth Partners Inc now owns 2,163 shares of the home improvement retailer's stock worth $534,000 after buying an additional 40 shares during the last quarter. Waterloo Capital L.P. grew its stake in Lowe's Companies by 1.2% during the 2nd quarter. Waterloo Capital L.P. now owns 3,455 shares of the home improvement retailer's stock worth $767,000 after buying an additional 41 shares during the last quarter. Second Line Capital LLC grew its stake in Lowe's Companies by 0.9% during the 4th quarter. Second Line Capital LLC now owns 4,793 shares of the home improvement retailer's stock worth $1,183,000 after buying an additional 44 shares during the last quarter. Vertex Planning Partners LLC grew its stake 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 worth $369,000 after buying an additional 44 shares during the last quarter. Finally, Operose Advisors LLC grew its stake 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 worth $739,000 after buying an additional 45 shares during the last quarter. Institutional investors own 74.06% of the company's stock.

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.