Lowe's Companies (NYSE:LOW) Issues Quarterly Earnings Results

Lowe's Companies (NYSE:LOW - Get Free Report) issued its earnings results on Wednesday. The home improvement retailer reported $2.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.88 by $0.04, Zacks reports. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The company's revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the previous year, the company posted $3.06 earnings per share. Lowe's Companies updated its FY 2025 guidance to 12.150-12.400 EPS.

Lowe's Companies Stock Performance

LOW stock traded down $2.63 during mid-day trading on Wednesday, reaching $228.62. The company had a trading volume of 950,829 shares, compared to its average volume of 2,510,245. Lowe's Companies has a fifty-two week low of $206.39 and a fifty-two week high of $287.01. The company has a market capitalization of $127.96 billion, a price-to-earnings ratio of 19.12, a price-to-earnings-growth ratio of 1.96 and a beta of 1.00. The firm has a fifty day simple moving average of $224.64 and a 200 day simple moving average of $245.42.

Lowe's Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd were given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend was Wednesday, April 23rd. Lowe's Companies's dividend payout ratio is currently 37.67%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Lowe's Companies stock. Brighton Jones LLC increased its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 119.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 31,965 shares of the home improvement retailer's stock after buying an additional 17,413 shares during the quarter. Brighton Jones LLC's holdings in Lowe's Companies were worth $7,889,000 as of its most recent SEC filing. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on LOW shares. DA Davidson restated a "neutral" rating and issued a $270.00 target price on shares of Lowe's Companies in a report on Wednesday, April 16th. JPMorgan Chase & Co. decreased their price target on Lowe's Companies from $300.00 to $263.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. Mizuho decreased their price target on Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating on the stock in a research note on Thursday, February 27th. Piper Sandler decreased their price target on Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating on the stock in a research note on Monday, March 24th. Finally, Citigroup reaffirmed a "neutral" rating and issued a $253.00 price target (down previously from $269.00) on shares of Lowe's Companies in a research note on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $276.17.

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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