Zacks Research Lifts Earnings Estimates for Lowe's Companies

Lowe's Companies, Inc. (NYSE:LOW - Free Report) - Stock analysts at Zacks Research upped their FY2027 EPS estimates for shares of Lowe's Companies in a research note issued to investors on Wednesday, June 4th. Zacks Research analyst S. Singh now forecasts that the home improvement retailer will post earnings per share of $13.54 for the year, up from their prior forecast of $13.49. The consensus estimate for Lowe's Companies' current full-year earnings is $11.90 per share.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share for the quarter, topping the consensus estimate of $2.88 by $0.04. The business had revenue of $20.93 billion during the quarter, compared to the consensus estimate of $21.09 billion. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The business's revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period last year, the company earned $3.06 earnings per share.

A number of other equities analysts have also recently commented on the company. Citigroup restated a "neutral" rating and set a $253.00 target price (down from $269.00) on shares of Lowe's Companies in a report on Wednesday, May 14th. Royal Bank of Canada cut their price objective on shares of Lowe's Companies from $244.00 to $242.00 and set a "sector perform" rating on the stock in a report on Thursday, May 22nd. Wall Street Zen upgraded shares of Lowe's Companies from a "hold" rating to a "buy" rating in a research note on Tuesday, April 15th. JPMorgan Chase & Co. reduced their price target on shares of Lowe's Companies from $300.00 to $263.00 and set an "overweight" rating for the company in a report on Tuesday, May 6th. Finally, Stifel Nicolaus lowered their target price on Lowe's Companies from $250.00 to $240.00 and set a "hold" rating on the stock in a report on Tuesday, May 27th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have assigned a buy rating to the company's stock. According to MarketBeat.com, Lowe's Companies currently has an average rating of "Moderate Buy" and a consensus target price of $271.12.

Lowe's Companies Trading Down 0.7%

Lowe's Companies stock traded down $1.68 during mid-day trading on Friday, hitting $223.59. The company had a trading volume of 2,522,758 shares, compared to its average volume of 2,524,014. Lowe's Companies has a 12-month low of $206.39 and a 12-month high of $287.01. The company has a market capitalization of $125.31 billion, a price-to-earnings ratio of 18.65, a P/E/G ratio of 1.96 and a beta of 0.92. The company's fifty day moving average is $223.72 and its 200-day moving average is $241.40.

Lowe's Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd will be issued a dividend of $1.20 per share. The ex-dividend date is Wednesday, July 23rd. This is a boost from Lowe's Companies's previous quarterly dividend of $1.15. This represents a $4.80 annualized dividend and a dividend yield of 2.15%. Lowe's Companies's dividend payout ratio (DPR) is currently 39.77%.

Insider Activity

In other news, EVP Juliette Williams Pryor sold 1,130 shares of the company'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 sale, the executive vice president now directly owns 31,898 shares in the company, valued at $7,256,795. This represents a 3.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.27% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in LOW. Brighton Jones LLC lifted its stake in shares of Lowe's Companies by 119.7% in the 4th quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer's stock worth $7,889,000 after purchasing an additional 17,413 shares during the period. Revolve Wealth Partners LLC boosted its position in Lowe's Companies by 31.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer's stock worth $266,000 after purchasing an additional 259 shares in the last quarter. Confluence Wealth Services Inc. raised its stake in Lowe's Companies by 7.6% in the 4th quarter. Confluence Wealth Services Inc. now owns 4,258 shares of the home improvement retailer's stock valued at $1,113,000 after purchasing an additional 299 shares during the last quarter. Absher Wealth Management LLC grew its holdings in Lowe's Companies by 0.4% in the 4th quarter. Absher Wealth Management LLC now owns 17,185 shares of the home improvement retailer's stock valued at $4,241,000 after buying an additional 70 shares in the last quarter. Finally, Tyche Wealth Partners LLC lifted its position in Lowe's Companies by 8.1% in the fourth quarter. Tyche Wealth Partners LLC now owns 6,729 shares of the home improvement retailer's stock valued at $1,661,000 after buying an additional 502 shares during 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, 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.