Lowe's Companies Stock Price, News & Analysis (NYSE:LOW)

24 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Lowe's Companies in the last year. There are currently 12 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" LOW shares.
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24 equities research analysts have issued 1 year target prices for Lowe's Companies' stock. Their LOW share price targets range from $190.00 to $289.00. On average, they expect the company's stock price to reach $236.40 in the next twelve months. This suggests a possible upside of 17.6% from the stock's current price.
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Lowe's Companies' stock was trading at $199.24 at the beginning of the year. Since then, LOW stock has increased by 0.9% and is now trading at $200.95.
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Lowe's Companies saw a drop in short interest during the month of October. As of October 31st, there was short interest totaling 10,790,000 shares, a drop of 15.4% from the October 15th total of 12,750,000 shares. Based on an average trading volume of 2,610,000 shares, the short-interest ratio is presently 4.1 days. Currently, 1.9% of the shares of the company are short sold.
View Lowe's Companies' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 6th 2024.
View our LOW earnings forecast.

Lowe's Companies, Inc. (NYSE:LOW) released its earnings results on Tuesday, November, 21st. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.03 by $0.03. The home improvement retailer earned $20.74 billion during the quarter, compared to the consensus estimate of $20.87 billion. Lowe's Companies had a net margin of 8.49% and a negative trailing twelve-month return on equity of 54.56%. The business's revenue was down 11.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.27 earnings per share.
Read the conference call transcript.

Lowe's Companies announced a quarterly dividend on Friday, November 10th. Stockholders of record on Wednesday, January 24th will be given a dividend of $1.10 per share on Tuesday, February 7th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend is Tuesday, January 23rd.
Read our dividend analysis for LOW.

Lowe's Companies (NYSE:LOW) pays an annual dividend of $4.40 per share and currently has a dividend yield of 2.20%. The company has been increasing its dividend for 51 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 33.92%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LOW will have a dividend payout ratio of 32.88% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LOW.

ETFs with the largest weight of Lowe's Companies (NYSE:LOW) stock in their portfolio include Pacer BioThreat Strategy ETF (VIRS), VanEck Retail ETF (RTH), iShares U.S. Home Construction ETF (ITB), Consumer Discretionary Select Sector SPDR Fund (XLY), 2ndVote Life Neutral Plus ETF (LYFE), WBI BullBear Value 3000 ETF (WBIF), iShares U.S. Consumer Focused ETF (IEDI) and Invesco BuyBack Achievers ETF (PKW).

Lowe's Companies announced that its Board of Directors has authorized a stock repurchase program on Wednesday, December 15th 2021, which permits the company to repurchase $13,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to buy up to 7.6% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's leadership believes its stock is undervalued.

Lowe's Companies updated its FY24 earnings guidance on Tuesday, November, 21st. The company provided earnings per share guidance of $13.00 for the period, compared to the consensus EPS estimate of $13.25. The company issued revenue guidance of $86 billion, compared to the consensus revenue estimate of $87.48 billion.

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.

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).

Lowe's Companies' stock is owned by a number of institutional and retail investors. Top institutional shareholders include FMR LLC (3.75%), Morgan Stanley (1.89%), Massachusetts Financial Services Co. MA (1.40%), Northern Trust Corp (1.24%), Bank of New York Mellon Corp (0.82%) and Invesco Ltd. (0.79%). 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.

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.
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