Weiss Ratings Reaffirms "Buy (B-)" Rating for Lowe's Companies (NYSE:LOW)

Key Points

• Weiss Ratings has reaffirmed a "Buy (B-)" rating for Lowe's Companies (NYSE:LOW), indicating strong confidence in the stock despite recent price objective adjustments from other brokerages.
• As of now, 16 analysts have rated Lowe's stock as a Buy, while one has rated it a Sell, leading to a consensus rating of "Moderate Buy" with a target price of $283.13.
• Lowe's Companies reported EPS of $4.33 for the latest quarter, exceeding estimates, and its revenue increased by 1.6% year-over-year, highlighting solid financial performance amidst market fluctuations.

Lowe's Companies (NYSE:LOW - Get Free Report)'s stock had its "buy (b-)" rating reiterated by equities researchers at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Several other brokerages have also commented on LOW. Evercore ISI dropped their price objective on Lowe's Companies from $275.00 to $250.00 and set an "in-line" rating on the stock in a report on Tuesday. Wall Street Zen raised Lowe's Companies from a "hold" rating to a "buy" rating in a report on Friday, October 3rd. Guggenheim reissued a "buy" rating and issued a $300.00 price objective on shares of Lowe's Companies in a report on Thursday, August 21st. DA Davidson raised their price objective on Lowe's Companies from $240.00 to $266.00 and gave the company a "neutral" rating in a report on Thursday, August 21st. Finally, Wells Fargo & Company raised their price objective on Lowe's Companies from $260.00 to $300.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Sixteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $283.13.

Lowe's Companies Stock Down 0.9%

Lowe's Companies stock opened at $237.62 on Wednesday. The firm has a market cap of $133.26 billion, a price-to-earnings ratio of 19.53, a price-to-earnings-growth ratio of 2.22 and a beta of 0.88. Lowe's Companies has a 52 week low of $206.38 and a 52 week high of $287.01. The business's 50-day moving average price is $254.58 and its 200 day moving average price is $234.36.

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. The firm had revenue of $23.96 billion for the quarter, compared to analyst estimates of $23.99 billion. Lowe's Companies had a negative return on equity of 52.02% and a net margin of 8.20%.Lowe's Companies's revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period last year, the company earned $4.10 earnings per share. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Equities analysts expect that Lowe's Companies will post 11.9 EPS for the current year.

Insider Transactions at Lowe's Companies

In related news, EVP Brandon J. Sink sold 8,192 shares of Lowe's Companies stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $268.58, for a total transaction of $2,200,207.36. Following the transaction, the executive vice president owned 21,603 shares in the company, valued at approximately $5,802,133.74. This trade represents a 27.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Juliette Williams Pryor sold 929 shares of Lowe's Companies stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total value of $238,938.80. Following the transaction, the executive vice president owned 30,099 shares in the company, valued at approximately $7,741,462.80. The trade was a 2.99% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 92,931 shares of company stock valued at $24,945,752. Insiders own 0.27% of the company's stock.

Hedge Funds Weigh In On Lowe's Companies

Institutional investors have recently added to or reduced their stakes in the stock. SeaBridge Investment Advisors LLC lifted its position in Lowe's Companies by 3.7% during the second quarter. SeaBridge Investment Advisors LLC now owns 12,888 shares of the home improvement retailer's stock worth $2,859,000 after buying an additional 465 shares in the last quarter. State of Alaska Department of Revenue raised its position in Lowe's Companies by 1.2% in the first quarter. State of Alaska Department of Revenue now owns 125,299 shares of the home improvement retailer's stock valued at $29,223,000 after purchasing an additional 1,470 shares during the period. Larson Financial Group LLC raised its position in Lowe's Companies by 8.1% in the first quarter. Larson Financial Group LLC now owns 16,551 shares of the home improvement retailer's stock valued at $3,860,000 after purchasing an additional 1,242 shares during the period. Advent Capital Management DE raised its position in Lowe's Companies by 20.0% in the first quarter. Advent Capital Management DE now owns 18,000 shares of the home improvement retailer's stock valued at $4,198,000 after purchasing an additional 3,000 shares during the period. Finally, Cornerstone Wealth Group LLC raised its position in Lowe's Companies by 12.6% in the first quarter. Cornerstone Wealth Group LLC now owns 29,361 shares of the home improvement retailer's stock valued at $6,848,000 after purchasing an additional 3,295 shares during the period. Hedge funds and other institutional investors own 74.06% of the company's stock.

About Lowe's Companies

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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