Lowe's Companies (NYSE:LOW) Stock Price Expected to Rise, Oppenheimer Analyst Says

Key Points

• Oppenheimer has raised its target price for Lowe's Companies from $305 to $320, suggesting a potential upside of 24.85% from the current price.
• Despite a recent stock dip of 0.4%, both Piper Sandler and UBS Group have also increased their price targets for Lowe's, indicating strong analyst support with 16 Buy ratings among analysts.
• Lowe's reported $4.33 EPS for the last quarter, surpassing estimates and reflecting a 1.6% year-over-year revenue increase, while FY 2025 guidance is set at 12.200-12.450 EPS.

Lowe's Companies (NYSE:LOW - Get Free Report) had its target price lifted by Oppenheimer from $305.00 to $320.00 in a research report issued to clients and investors on Thursday,MarketScreener reports. The firm presently has an "outperform" rating on the home improvement retailer's stock. Oppenheimer's target price would suggest a potential upside of 24.85% from the company's current price.

Several other research firms have also recently weighed in on LOW. Barclays set a $267.00 price objective on shares of Lowe's Companies in a research report on Thursday, August 21st. Piper Sandler raised their price target on shares of Lowe's Companies from $269.00 to $294.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. JPMorgan Chase & Co. raised their price target on shares of Lowe's Companies from $280.00 to $283.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. KeyCorp lifted their target price on shares of Lowe's Companies from $266.00 to $300.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Finally, UBS Group lifted their target price on shares of Lowe's Companies from $300.00 to $325.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. Sixteen 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 company has a consensus rating of "Moderate Buy" and a consensus target price of $285.50.

Lowe's Companies Stock Down 0.4%

Shares of NYSE:LOW opened at $256.31 on Thursday. Lowe's Companies has a twelve month low of $206.38 and a twelve month high of $287.01. The stock's 50 day moving average is $250.11 and its 200-day moving average is $232.98. The firm has a market capitalization of $143.75 billion, a price-to-earnings ratio of 21.06, a PEG ratio of 2.40 and a beta of 0.87.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $23.99 billion. During the same period in the previous year, the firm posted $4.10 earnings per share. The firm's revenue for the quarter 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. Equities research analysts anticipate that Lowe's Companies will post 11.9 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Marvin R. Ellison sold 40,000 shares of the firm's stock in a transaction 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 transaction, the chief executive officer directly owned 249,043 shares of the company's stock, valued at approximately $65,772,256.30. This trade represents a 13.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Juliette Williams Pryor sold 929 shares of Lowe's Companies stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total transaction of $238,938.80. Following the completion of the transaction, the executive vice president directly owned 30,099 shares of the company's stock, valued at $7,741,462.80. The trade was a 2.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 92,931 shares of company stock valued at $24,945,752. 0.27% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Lowe's Companies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its stake in Lowe's Companies by 119.7% during the 4th quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer's stock valued at $7,889,000 after acquiring an additional 17,413 shares during the period. Revolve Wealth Partners LLC raised its position in Lowe's Companies by 31.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer's stock worth $266,000 after acquiring an additional 259 shares during the period. Park Square Financial Group LLC purchased a new stake in shares of Lowe's Companies during the fourth quarter worth $45,000. Wood Tarver Financial Group LLC purchased a new stake in shares of Lowe's Companies during the fourth quarter worth $25,000. Finally, Mascagni Wealth Management Inc. purchased a new stake in shares of Lowe's Companies during the fourth quarter worth $67,000. 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.

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