Lowe's Companies (NYSE:LOW) Price Target Raised to $294.00 at Piper Sandler

Key Points

• Piper Sandler has raised its price target for Lowe's Companies stock from $269 to $294, indicating a potential upside of 14.29% from its previous close.
• The consensus rating for Lowe's stock is currently a "Moderate Buy" with an average price target of $273.35, as 15 analysts have rated it as a Buy.
• Lowe's reported earnings per share of $4.33 for the last quarter, exceeding estimates by $0.09, while also raising its FY 2025 guidance.

Lowe's Companies (NYSE:LOW - Free Report) had its target price hoisted by Piper Sandler from $269.00 to $294.00 in a research report report published on Thursday,Benzinga reports. Piper Sandler currently has an overweight rating on the home improvement retailer's stock.

Other equities analysts also recently issued research reports about the stock. Telsey Advisory Group reiterated an "outperform" rating and set a $305.00 target price on shares of Lowe's Companies in a research note on Wednesday, May 21st. Royal Bank Of Canada reduced their price target on shares of Lowe's Companies from $244.00 to $242.00 and set a "sector perform" rating for the company in a research report on Thursday, May 22nd. Robert W. Baird reduced their price target on shares of Lowe's Companies from $295.00 to $285.00 and set an "outperform" rating for the company in a research report on Thursday, May 22nd. Guggenheim reissued a "buy" rating and issued a $300.00 price target on shares of Lowe's Companies in a research report on Tuesday, July 22nd. Finally, Sanford C. Bernstein set a $266.00 price target on shares of Lowe's Companies and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Sixteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $284.33.

Lowe's Companies Stock Up 3.1%

LOW stock traded up $7.9280 during midday trading on Thursday, hitting $263.5780. The company's stock had a trading volume of 3,795,959 shares, compared to its average volume of 3,175,845. Lowe's Companies has a 52-week low of $206.38 and a 52-week high of $287.01. The firm has a market capitalization of $147.72 billion, a P/E ratio of 21.66, a PEG ratio of 2.49 and a beta of 0.89. The firm has a 50-day simple moving average of $230.09 and a 200-day simple moving average of $230.20.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its quarterly earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, beating the consensus estimate of $4.24 by $0.09. The company had revenue of $23.96 billion during the quarter, compared to analysts' expectations of $23.99 billion. Lowe's Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The firm's revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the company posted $4.10 EPS. 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.

Lowe's Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd were issued a $1.20 dividend. The ex-dividend date of this dividend was Wednesday, July 23rd. This is a positive change from Lowe's Companies's previous quarterly dividend of $1.15. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.8%. Lowe's Companies's dividend payout ratio is currently 39.77%.

Insider Transactions at Lowe's Companies

In other news, CEO Marvin R. Ellison sold 40,000 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer directly owned 249,043 shares in the company, valued at $65,772,256.30. The trade was a 13.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Juliette Williams Pryor sold 1,130 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $227.50, for a total transaction of $257,075.00. Following the transaction, the executive vice president owned 31,898 shares in the company, valued at approximately $7,256,795. This trade represents a 3.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Gen Wealth Partners Inc increased its stake in shares of Lowe's Companies by 1.9% during the fourth quarter. Gen Wealth Partners Inc now owns 2,163 shares of the home improvement retailer's stock worth $534,000 after acquiring an additional 40 shares during the period. Waterloo Capital L.P. increased its stake 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 acquiring an additional 41 shares during the period. Second Line Capital LLC increased its stake in shares of Lowe's Companies by 0.9% during the fourth quarter. Second Line Capital LLC now owns 4,793 shares of the home improvement retailer's stock worth $1,183,000 after acquiring an additional 44 shares during the period. Vertex Planning Partners LLC increased its stake in shares of Lowe's Companies by 2.9% during the first quarter. Vertex Planning Partners LLC now owns 1,582 shares of the home improvement retailer's stock worth $369,000 after acquiring an additional 44 shares during the period. Finally, Operose Advisors LLC grew its position in Lowe's Companies by 1.4% during the second 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 period. 74.06% of the stock is currently 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.