Lowe's Companies (NYSE:LOW) Hits New 1-Year Low - Here's Why

Key Points

• Lowe’s shares hit a new 52-week low, trading as low as $178.45, well below their 50-day and 200-day moving averages of $205.05 and $217.90, respectively.
• Analysts have trimmed price targets, but sentiment remains generally positive: 22 analysts rate the stock a Buy, 12 a Hold, and two a Sell, for a consensus “Moderate Buy” rating and a $255.97 average target.
• The company reported quarterly EPS of $4.40, beating estimates, while revenue rose 8.3% year over year to $25.96 billion. Lowe’s also declared a $1.25 quarterly dividend, representing a 2.8% yield.

Shares of Lowe's Companies, Inc. (NYSE:LOW - Get Free Report) hit a new 52-week low on Monday. The stock traded as low as $178.45 and last traded at $179.1190, with a volume of 341334 shares trading hands. The stock had previously closed at $180.80.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Truist Financial decreased their target price on Lowe's Companies from $255.00 to $254.00 and set a "buy" rating for the company in a report on Thursday, August 20th. Weiss Ratings lowered shares of Lowe's Companies from a "hold (c)" rating to a "hold (c-)" rating in a report on Monday, August 17th. Wells Fargo & Company cut their price objective on shares of Lowe's Companies from $255.00 to $245.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 11th. Piper Sandler dropped their target price on shares of Lowe's Companies from $276.00 to $274.00 and set an "overweight" rating on the stock in a research report on Thursday, August 13th. Finally, Telsey Advisory Group reduced their price objective on Lowe's Companies from $280.00 to $260.00 and set an "outperform" rating for the company in a research report on Thursday, August 20th. Twenty-two investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $255.97.

Lowe's Companies Stock Performance

The company has a market cap of $100.79 billion, a P/E ratio of 15.18, a PEG ratio of 1.51 and a beta of 0.89. The firm's 50-day simple moving average is $205.05 and its 200 day simple moving average is $217.90.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its quarterly earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.22 by $0.18. The company had revenue of $25.96 billion during the quarter, compared to the consensus estimate of $26.13 billion. Lowe's Companies had a negative return on equity of 75.67% and a net margin of 7.34%.The company's revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the prior year, the company earned $4.33 earnings per share. Lowe's Companies has set its FY 2026 guidance at 12.250-12.250 EPS. As a group, research analysts forecast that Lowe's Companies, Inc. will post 12.26 earnings per share for the current year.

Lowe's Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Investors of record on Wednesday, October 21st will be issued a dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, October 21st. This represents a $5.00 annualized dividend and a dividend yield of 2.8%. Lowe's Companies's dividend payout ratio (DPR) is 42.27%.

Hedge Funds Weigh In On Lowe's Companies

Hedge funds have recently bought and sold shares of the company. Smithbridge Asset Management Inc. DE raised its position in shares of Lowe's Companies by 1.1% in the 4th quarter. Smithbridge Asset Management Inc. DE now owns 3,723 shares of the home improvement retailer's stock valued at $898,000 after purchasing an additional 39 shares in the last quarter. IMA Advisory Services Inc. grew its stake in shares of Lowe's Companies by 0.5% in the fourth quarter. IMA Advisory Services Inc. now owns 7,865 shares of the home improvement retailer's stock worth $1,897,000 after purchasing an additional 41 shares in the last quarter. Juno Financial Group LLC boosted its holdings in shares of Lowe's Companies by 0.4% in the first quarter. Juno Financial Group LLC now owns 11,889 shares of the home improvement retailer's stock valued at $2,809,000 after acquiring an additional 43 shares in the last quarter. TSG Advice Partners LLC raised its stake in shares of Lowe's Companies by 3.3% in the 1st quarter. TSG Advice Partners LLC now owns 1,373 shares of the home improvement retailer's stock worth $324,000 after buying an additional 44 shares in the last quarter. Finally, Foresight Global Investors Inc. grew its stake in shares of Lowe's Companies by 3.9% in the 4th quarter. Foresight Global Investors Inc. now owns 1,192 shares of the home improvement retailer's stock worth $287,000 after purchasing 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 is a home improvement retailer serving homeowners, renters, and professional contractors primarily in the United States. The company operates through a network of retail stores and digital channels, offering products and services for home repair, maintenance, remodeling, construction, and outdoor living.

Its merchandise includes appliances, tools, hardware, lumber, building materials, plumbing and electrical supplies, paint, flooring, kitchen and bath products, lighting, home décor, lawn and garden equipment, and seasonal goods.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.