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Lowe's Companies (LOW) Stock Forecast, Price & News

$206.96
-1.58 (-0.76%)
(As of 09/27/2023 ET)
Compare
Today's Range
$206.27
$210.26
50-Day Range
$208.65
$234.99
52-Week Range
$176.50
$237.21
Volume
2.77 million shs
Average Volume
2.84 million shs
Market Capitalization
$119.44 billion
P/E Ratio
20.37
Dividend Yield
2.13%
Price Target
$237.90

Lowe's Companies MarketRank™ Forecast

Analyst Rating
Hold
2.39 Rating Score
Upside/​Downside
14.9% Upside
$237.90 Price Target
Short Interest
Bearish
1.74% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.74
Upright™ Environmental Score
News Sentiment
0.53mentions of Lowe
Based on 21 Articles This Week
Insider Trading
Selling Shares
$2.25 M Sold Last Quarter
Proj. Earnings Growth
8.41%
From $13.44 to $14.57 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.74 out of 5 stars

Retail/Wholesale Sector

48th out of 214 stocks

Lumber & Other Building Materials Industry

2nd out of 5 stocks


LOW stock logo

About Lowe's Companies (NYSE:LOW) Stock

Founded in 1921, Lowe's Companies Inc. is one of the largest chains of home improvement stores in the United States and the second-largest hardware chain in the world. Operating 1,971 stores in the U.S. and 210 in Canada and Mexico, Lowe's Companies Inc. offers a wide range of products for use in residential and commercial construction, repair, property maintenance, remodeling and decorating. 

The company also provides a variety of in-house and third-party installation services, offered through partnerships with independent local contractors and extended protection plans purchased through Assurant Inc., an insurance company located in New York. Lowe's Companies Inc. also offers subcontracted in-warranty and out-of-warranty repair services under its privately labeled Lowe's Protection Plan. 

Lowe's Companies Inc. is known for competitive pricing and customer service. It has made strategic acquisitions and investments to strengthen its position in the market, contributing to steady revenue growth over the past decade. Additionally, it has embraced new technologies, investing in online ordering, artificial intelligence-enabled customer service and virtual design services to stay ahead of competitors. Lowe's Companies Inc. has also implemented various sustainability initiatives to reduce its environmental impact, including increasing energy efficiency at retail stores and using more renewable energy throughout its logistical systems. 

Lowe's Companies Inc. has many competitive advantages, including a strong balance sheet and commitment to customer satisfaction, helping it remain a leader in the home improvement retail space. Its financials are strong, revenue has grown steadily over the past decade, and it provides shareholder returns that routinely outpace the industry average. 

With over six million shareholders, its financially sound decisions have enabled it to grow its earnings by over 22% in the past decade while increasing shareholder earnings per share to 16% in the same period. 

LOW Price History

LOW Stock News Headlines

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Wall Street expects these three Dividend Kings who have raised their dividend payments for 50 or more consecutive years to keep delivering dividend gold.
These Quality Dividend Kings Grow their Dividends the Fastest
Dividend Kings are among the highest quality stocks for income investors, and these are growing their distribution fastest and can sustain high growth.
How to Pick the Best Dividend Stocks (LOW)
A stock’s dividend yield is a key metric for investors, so what is a good dividend yield? We’ll explore the answer in this article.
3 Winning Retail Stocks Income Investors Can Rely On (LOW)
These retailers are outperforming and driving solid returns for shareholders. Secular trends support each, and they pay healthy dividends.
Investors Buy High Volume of Lowe's Companies Put Options (NYSE:LOW)
The Real Reason They Murdered JFK?
Some people believe JFK was murdered because of his executive order 11110 that would have reduced the power of the Federal Reserve. Regardless if that’s true or not… The Fed is now involved in a new controversy that could have drastic consequences for the US dollar.
Lowe's: Hold Onto This Long-Term Compounder
Lowe's: Seizing Downturns For Future Fortunes
Lowe's Companies (NYSE:LOW) Now Covered by HSBC
Lowe's (LOW) Stock Moves -0.06%: What You Should Know
New Lowe's coming to St. Johns County
See More Headlines
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LOW Company Calendar

Ex-Dividend for 8/9 Dividend
7/25/2023
Dividend Payable
8/09/2023
Last Earnings
8/22/2023
Today
9/27/2023
Ex-Dividend for 11/8 Dividend
10/24/2023
Dividend Payable
11/08/2023
Next Earnings (Estimated)
11/15/2023
Fiscal Year End
1/31/2024

Industry, Sector and Symbol

Industry
Lumber & other building materials
Sub-Industry
Home Improvement Retail
CUSIP
54866110
Employees
307,000
Year Founded
1921

Price Target and Rating

Average Stock Price Forecast
$237.90
High Stock Price Forecast
$289.00
Low Stock Price Forecast
$159.00
Forecasted Upside/Downside
+14.7%
Consensus Rating
Hold
Rating Score (0-4)
2.39
Research Coverage
28 Analysts

Profitability

Net Income
$6.44 billion
Pretax Margin
9.11%

Debt

Sales & Book Value

Annual Sales
$93.23 billion
Cash Flow
$17.54 per share
Book Value
($25.53) per share

Miscellaneous

Free Float
575,730,000
Market Cap
$119.75 billion
Optionable
Optionable
Beta
1.09

Social Links

A Guide To High-Short-Interest Stocks Cover

MarketBeat's analysts have just released their top five short plays for October 2023. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.

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Key Executives

  • Mr. Marvin R. EllisonMr. Marvin R. Ellison (Age 58)
    Pres, CEO & Chairman
    Comp: $5.2M
  • Mr. Brandon J. Sink (Age 47)
    Exec. VP & CFO
    Comp: $1.46M
  • Ms. Seemantini  GodboleMs. Seemantini Godbole (Age 53)
    Exec. VP and Chief Information & Digital Officer
    Comp: $1.8M
  • Mr. William P. Boltz (Age 60)
    Exec. VP of Merchandising
    Comp: $1.93M
  • Mr. Joseph Michael McFarland IIIMr. Joseph Michael McFarland III (Age 53)
    Exec. VP of Stores
    Comp: $1.93M
  • Mr. Dan Clayton Griggs Jr. (Age 45)
    Sr. VP of Tax & Chief Accounting Officer
  • Ms. Kate Pearlman
    VP of Investor Relations
  • Mr. Jeff R. Vining
    Sr. VP, Chief Compliance Officer & Deputy Gen. Counsel
  • Ms. Juliette Williams Pryor (Age 58)
    Exec. VP, Chief Legal Officer & Corp. Sec.
  • Ms. Janice M. DupreMs. Janice M. Dupre (Age 58)
    Exec. VP of HR













LOW Stock - Frequently Asked Questions

Should I buy or sell Lowe's Companies stock right now?

28 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Lowe's Companies in the last year. There are currently 2 sell ratings, 13 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" LOW shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LOW, but not buy additional shares or sell existing shares.
View LOW analyst ratings
or view top-rated stocks.

What is Lowe's Companies' stock price forecast for 2023?

28 analysts have issued 1 year target prices for Lowe's Companies' stock. Their LOW share price forecasts range from $159.00 to $289.00. On average, they expect the company's stock price to reach $237.90 in the next twelve months. This suggests a possible upside of 14.7% from the stock's current price.
View analysts price targets for LOW
or view top-rated stocks among Wall Street analysts.

How have LOW shares performed in 2023?

Lowe's Companies' stock was trading at $199.24 at the beginning of 2023. Since then, LOW shares have increased by 4.1% and is now trading at $207.50.
View the best growth stocks for 2023 here
.

When is Lowe's Companies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 15th 2023.
View our LOW earnings forecast
.

How were Lowe's Companies' earnings last quarter?

Lowe's Companies, Inc. (NYSE:LOW) issued its quarterly earnings results on Tuesday, August, 22nd. The home improvement retailer reported $4.56 EPS for the quarter, topping the consensus estimate of $4.49 by $0.07. The home improvement retailer earned $24.96 billion during the quarter, compared to analyst estimates of $24.97 billion. Lowe's Companies had a negative trailing twelve-month return on equity of 58.56% and a net margin of 6.48%. The company's quarterly revenue was down 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.67 EPS.
Read the conference call transcript
.

How often does Lowe's Companies pay dividends? What is the dividend yield for Lowe's Companies?

Lowe's Companies announced a quarterly dividend on Friday, August 18th. Stockholders of record on Wednesday, October 25th will be paid a dividend of $1.10 per share on Wednesday, November 8th. This represents a $4.40 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend is Tuesday, October 24th.
Read our dividend analysis for LOW
.

Is Lowe's Companies a good dividend stock?

Lowe's Companies (NYSE:LOW) pays an annual dividend of $4.40 per share and currently has a dividend yield of 2.09%. The company has been increasing its dividend for 50 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 43.31%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LOW will have a dividend payout ratio of 30.20% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LOW.

How will Lowe's Companies' stock buyback program work?

Lowe's Companies declared that its board has initiated a stock repurchase program on Wednesday, December 15th 2021, which allows the company to repurchase $13,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 7.6% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its stock is undervalued.

What guidance has Lowe's Companies issued on next quarter's earnings?

Lowe's Companies issued an update on its FY 2023 earnings guidance on Wednesday, August, 23rd. The company provided EPS guidance of $13.20-$13.60 for the period, compared to the consensus earnings per share estimate of $13.37. The company issued revenue guidance of $87.00 billion-$89.00 billion, compared to the consensus revenue estimate of $88.08 billion.

What is Marvin Ellison's approval rating as Lowe's Companies' CEO?

2,818 employees have rated Lowe's Companies Chief Executive Officer Marvin Ellison on Glassdoor.com. Marvin Ellison has an approval rating of 62% among the company's employees. This puts Marvin Ellison in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Lowe's Companies own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Lowe's Companies investors own include Home Depot (HD), NVIDIA (NVDA), Visa (V), Walt Disney (DIS), Johnson & Johnson (JNJ), AT&T (T), JPMorgan Chase & Co. (JPM), Walmart (WMT), Intel (INTC) and AbbVie (ABBV).

What is Lowe's Companies' stock symbol?

Lowe's Companies trades on the New York Stock Exchange (NYSE) under the ticker symbol "LOW."

Who are Lowe's Companies' major shareholders?

Lowe's Companies' stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.07%), State Street Corp (4.30%), Geode Capital Management LLC (1.88%), Northern Trust Corp (1.20%), Bank of New York Mellon Corp (0.84%) and Nuveen Asset Management LLC (0.76%). Insiders that own company stock include David H Batchelder, Donald Frieson, Janice Dupre, Joseph Michael Mcfarland, Ross W Mccanless and Seemantini Godbole.
View institutional ownership trends
.

How do I buy shares of Lowe's Companies?

Shares of LOW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Lowe's Companies' stock price today?

One share of LOW stock can currently be purchased for approximately $207.50.

How much money does Lowe's Companies make?

Lowe's Companies (NYSE:LOW) has a market capitalization of $119.75 billion and generates $93.23 billion in revenue each year. The home improvement retailer earns $6.44 billion in net income (profit) each year or $10.16 on an earnings per share basis.

How many employees does Lowe's Companies have?

The company employs 307,000 workers across the globe.

Does Lowe's Companies have any subsidiaries?
The following companies are subsidiares of Lowe's Companies: ATG, Atlas Pipeline Partners L.P., Boomerang Commerce, Lowe’s Companies Canada ULC, Lowe’s Home Centers LLC, Maintenance Supply Headquarters, Orchard Supply Hardware, RONA, RONA Inc., Retail Analytics platform of Boomerang Commerce, and StainMaster.
Read More
How can I contact Lowe's Companies?

Lowe's Companies' mailing address is 1000 LOWE`S BLVD, MOORESVILLE NC, 28117. The official website for the company is www.lowes.com. The home improvement retailer can be reached via phone at (704) 758-1000, via email at investorrelations@lowes.com, or via fax at 704-757-0576.

This page (NYSE:LOW) was last updated on 9/27/2023 by MarketBeat.com Staff

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