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

$201.23
+0.10 (+0.05%)
(As of 11:28 AM ET)
Compare
Today's Range
$197.48
$201.66
50-Day Range
$189.46
$211.04
52-Week Range
$170.12
$223.31
Volume
717,438 shs
Average Volume
2.97 million shs
Market Capitalization
$120.01 billion
P/E Ratio
19.59
Dividend Yield
2.09%
Price Target
$222.65

Lowe's Companies MarketRank™ Forecast

Analyst Rating
Hold
2.36 Rating Score
Upside/​Downside
11.9% Upside
$222.65 Price Target
Short Interest
Healthy
1.64% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.74
Upright™ Environmental Score
News Sentiment
-0.04mentions of Lowe
Based on 54 Articles This Week
Insider Trading
Selling Shares
$4.52 M Sold Last Quarter
Proj. Earnings Growth
9.17%
From $13.42 to $14.65 Per Share

Overall MarketRank

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

2.45 out of 5 stars

Retail/Wholesale Sector

65th out of 213 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. 

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LOW Stock News Headlines

Can Lowe’s Lead Discretionary Stocks Lower In 2023?
Lowe's report echoes those of Home Depot and Foot Locker, which point to accelerated slowing in consumer discretionary spending.
Dick’s Sporting Goods Deserves A Higher Price Multiple  (LOW)
Dick's Sporting Goods is an undervalued name that could see a multiple expansion take it to new all-time highs over the next few quarters.
AI is Unstoppable. Now Is The Time!
AI, or Artificial Intelligence, is all the rage right now. AI technologies are empowering users in every industry to increase sales, efficiency, and productivity. It's truly a case of adapt or fail.
Is PulteGroup Overbought After Double-Digit Gains? (LOW)
PulteGroup has posted the biggest price gains among homebuilders as the entire industry thrives, but could the stock be approaching overbought status?
3 Home Improvement Stocks to Renovate Your Portfolio
Are home improvement stocks the way forward? Learn more about whether or not home improvement stocks make sense for your portfolio with MarketBeat.
Realty Income Trades At Decade Low Valuations, Worth The Yield? (LOW)
Realty Income is trading at decade low valuations, with management increasing investment budgets at these cap rates investors may see new highs in the stock
Graphite Shortage Could Derail the $7 Trillion EV Transition
Graphite (not lithium) is expected to see the largest increase in demand of all battery metals over the next decade. But projections warn of an 8 million ton shortfall of graphite by 2040. That's why 97 more graphite mines are needed just to keep up with battery production for the $7 trillion transition to electric vehicles.
Lowe's Raises Dividend by Nearly 5%
See More Headlines

LOW Price History

LOW Company Calendar

Ex-Dividend for 5/10 Dividend
4/25/2023
Dividend Payable
5/10/2023
Last Earnings
5/23/2023
Today
6/01/2023
Next Earnings (Estimated)
8/16/2023
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
$222.65
High Stock Price Forecast
$275.00
Low Stock Price Forecast
$159.00
Forecasted Upside/Downside
+10.8%
Consensus Rating
Hold
Rating Score (0-4)
2.36
Research Coverage
25 Analysts

Profitability

Net Income
$6.44 billion
Pretax Margin
9.31%

Debt

Sales & Book Value

Annual Sales
$97.06 billion
Cash Flow
$16.85 per share
Book Value
($24.67) per share

Miscellaneous

Free Float
594,849,000
Market Cap
$119.82 billion
Optionable
Optionable
Beta
1.09

Social Links


Key Executives

  • Marvin R. EllisonMarvin R. Ellison
    Chairman, President & Chief Executive Officer
  • Brandon J. Sink
    Chief Financial Officer & Executive Vice President
  • Seemantini GodboleSeemantini Godbole
    Chief Digital & Information Officer & Executive VP
  • Neelima V Sharma
    Senior VP-Digital Commerce & Technology
  • Jeff R. Vining
    Chief Compliance Officer & Senior Vice President













LOW Stock - Frequently Asked Questions

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

25 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Lowe's Companies in the last twelve months. There are currently 2 sell ratings, 12 hold ratings and 11 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?

25 brokers have issued 1 year price targets for Lowe's Companies' shares. Their LOW share price forecasts range from $159.00 to $275.00. On average, they expect the company's share price to reach $222.65 in the next twelve months. This suggests a possible upside of 10.6% 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 1.1% and is now trading at $201.34.
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, August 16th 2023.
View our LOW earnings forecast
.

How were Lowe's Companies' earnings last quarter?

Lowe's Companies, Inc. (NYSE:LOW) released its earnings results on Tuesday, May, 23rd. The home improvement retailer reported $3.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.48 by $0.19. The home improvement retailer had revenue of $22.35 billion for the quarter, compared to the consensus estimate of $21.68 billion. Lowe's Companies had a net margin of 6.65% and a negative trailing twelve-month return on equity of 68.42%. The firm's revenue was down 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $3.51 earnings per share.
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, May 26th. Stockholders of record on Wednesday, July 26th will be paid a dividend of $1.10 per share on Wednesday, August 9th. This represents a $4.40 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend is Tuesday, July 25th. This is a boost from the stock's previous quarterly dividend of $1.05.
Read our dividend analysis for LOW
.

Is Lowe's Companies a good dividend stock?

Lowe's Companies (NYSE:LOW) pays an annual dividend of $4.20 per share and currently has a dividend yield of 2.04%. The company has been increasing its dividend for 49 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 40.90%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LOW will have a dividend payout ratio of 28.67% 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 of Directors has approved a stock buyback program on Wednesday, December 15th 2021, which authorizes the company to repurchase $13,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 7.6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its shares are 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 Friday, May, 26th. The company provided earnings per share guidance of $13.20-$13.60 for the period, compared to the consensus estimate of $13.60. The company issued revenue guidance of $87.00 billion-$89.00 billion, compared to the consensus revenue estimate of $88.45 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 many different retail and institutional investors. Top institutional investors include State Street Corp (4.17%), FMR LLC (3.73%), Geode Capital Management LLC (1.82%), Bank of New York Mellon Corp (0.85%), Providence Capital Advisors LLC (0.76%) and Ameriprise Financial Inc. (0.63%). Insiders that own company stock include David H Batchelder, Donald Frieson, 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 $201.34.

How much money does Lowe's Companies make?

Lowe's Companies (NYSE:LOW) has a market capitalization of $120.08 billion and generates $97.06 billion in revenue each year. The home improvement retailer earns $6.44 billion in net income (profit) each year or $10.27 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 6/1/2023 by MarketBeat.com Staff

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