Lowe's Companies (NYSE:LOW) Sets New 1-Year Low - Time to Sell?

Key Points

• Lowe’s shares fell to a new 52-week low of $186.30, trading below their 50-day and 200-day moving averages. The stock has a market capitalization of approximately $105.7 billion and a P/E ratio of 15.95.
• Despite recent price-target reductions, analysts remain broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $255.97. Thirty-four analysts rate the stock Buy or Hold, compared with two Sell ratings.
• The company exceeded quarterly EPS expectations, reporting $4.40 versus $4.22, while revenue rose 8.3% year over year to $25.96 billion. Lowe’s also declared a $1.25 quarterly dividend, equivalent to a 2.7% yield.

Shares of Lowe's Companies, Inc. (NYSE:LOW - Get Free Report) hit a new 52-week low on Monday. The company traded as low as $186.30 and last traded at $187.7970, with a volume of 83938 shares traded. The stock had previously closed at $189.28.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. decreased their target price on Lowe's Companies from $279.00 to $252.00 and set an "overweight" rating for the company in a report on Friday, July 31st. KeyCorp reiterated an "overweight" rating and issued a $275.00 price target on shares of Lowe's Companies in a report on Thursday, August 20th. UBS Group reduced their price objective on shares of Lowe's Companies from $285.00 to $275.00 and set a "buy" rating on the stock in a research report on Thursday, August 20th. Piper Sandler dropped their target price on shares of Lowe's Companies from $276.00 to $274.00 and set an "overweight" rating for the company in a research report on Thursday, August 13th. Finally, Sanford C. Bernstein reduced their target price on Lowe's Companies from $261.00 to $254.00 and set an "outperform" rating on the stock in a report on Wednesday, September 9th. Twenty-two equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Lowe's Companies has a consensus rating of "Moderate Buy" and a consensus price target of $255.97.

Lowe's Companies Trading Down 0.5%

The company has a market cap of $105.69 billion, a PE ratio of 15.95, a P/E/G ratio of 2.52 and a beta of 0.85. The firm has a 50 day moving average of $207.03 and a two-hundred day moving average of $219.97.

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

Lowe's Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 4th. Stockholders of record on Wednesday, October 21st will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Wednesday, October 21st. Lowe's Companies's payout ratio is currently 42.27%.

Institutional Trading of Lowe's Companies

Institutional investors have recently bought and sold shares of the company. BlackRock Inc. lifted its stake in shares of Lowe's Companies by 1.8% in the second quarter. BlackRock Inc. now owns 40,545,728 shares of the home improvement retailer's stock worth $8,939,928,000 after buying an additional 714,092 shares in the last quarter. State Street Corp grew its holdings in shares of Lowe's Companies by 3.6% during the second quarter. State Street Corp now owns 25,329,373 shares of the home improvement retailer's stock valued at $5,584,873,000 after buying an additional 880,815 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Lowe's Companies by 8.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,029,665 shares of the home improvement retailer's stock worth $1,212,954,000 after acquiring an additional 411,154 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Lowe's Companies by 1.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,104,782 shares of the home improvement retailer's stock worth $905,063,000 after acquiring an additional 57,167 shares during the last quarter. Finally, Amundi lifted its position in Lowe's Companies by 57.3% in the 2nd quarter. Amundi now owns 2,892,868 shares of the home improvement retailer's stock valued at $637,848,000 after acquiring an additional 1,053,237 shares in the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe's Companies Company Profile

Lowe's Companies, Inc is a home improvement retailer that serves homeowners, renters, and professional contractors primarily through stores and digital platforms in the United States. The company sells a broad selection of products for maintenance, repair, remodeling, and construction projects.

Its merchandise includes appliances, tools, hardware, lumber, building materials, plumbing and electrical supplies, paint, flooring, lighting, kitchen and bathroom products, outdoor living items, lawn and garden products, 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.