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

$200.88
+0.83 (+0.41%)
(As of 01:33 PM ET)
Compare
Today's Range
$199.90
$201.67
50-Day Range
$183.60
$214.91
52-Week Range
$181.85
$237.21
Volume
896,116 shs
Average Volume
2.79 million shs
Market Capitalization
$115.93 billion
P/E Ratio
15.49
Dividend Yield
2.19%
Price Target
$236.40

Lowe's Companies MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
17.6% Upside
$236.40 Price Target
Short Interest
Healthy
1.65% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.74
Upright™ Environmental Score
News Sentiment
-0.11mentions of Lowe
Based on 57 Articles This Week
Insider Trading
Selling Shares
$1.24 M Sold Last Quarter
Proj. Earnings Growth
2.84%
From $13.01 to $13.38 Per Share

Overall MarketRank

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

2.90 out of 5 stars

Retail/Wholesale Sector

12th out of 203 stocks

Lumber & Other Building Materials Industry

1st out of 5 stocks


LOW stock logo

About Lowe's Companies Stock (NYSE:LOW)

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 Stock Price History

LOW Stock News Headlines

Is Lowe’s still a better buy than Home Depot?
Lowe's or Home Depot depends on the time horizon; the longer you have, the more attractive Lowe's shares will be with its outlook for growth.
Renovating returns: Lowe's earnings and the DIY dilemma
Lowe's recent earnings report and market challenges spotlight how the company compares amid industry and economic changes
The Only Practical Solution to the World’s Looming Energy Crisis
There’s just one problem: There are more plans for new uses of nuclear than there is uranium to fuel the plants!
Williams-Sonoma is a steal for buy-and-hold investors (LOW)
Williams-Sonoma is a high-quality dividend-paying stock with a long trajectory for distribution increases and share repurchases
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
20 Best Places with the Least Natural Disasters in the US
Better Stock Buy: Lowe's vs. Home Depot
Bear of the Day: Lowe's (LOW)
See More Headlines
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Company Calendar

Ex-Dividend for 11/8 Dividend
10/24/2023
Dividend Payable
11/08/2023
Last Earnings
11/21/2023
Today
11/29/2023
Fiscal Year End
1/31/2024
Next Earnings (Estimated)
3/06/2024

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 Target
$236.40
High Stock Price Target
$289.00
Low Stock Price Target
$190.00
Potential Upside/Downside
+18.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
24 Analysts

Profitability

Net Income
$6.44 billion
Pretax Margin
11.33%

Debt

Sales & Book Value

Annual Sales
$97.06 billion
Cash Flow
$17.99 per share
Book Value
($26.25) per share

Miscellaneous

Free Float
575,730,000
Market Cap
$115.45 billion
Optionable
Optionable
Beta
1.07

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Should I Buy Lowe's Companies Stock? LOW Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Lowe's Companies was last updated on Thursday, November 16, 2023 at 12:00 AM.

Pros

Here are some ways that investors could benefit from investing in Lowe's Companies, Inc.:

  • Lowe's stock price has shown resilience, with recent gains offsetting previous declines.
  • Lowe's has a strong dividend history, being a Dividend Aristocrat and King with nearly 60 years of increases.
  • The company's manageable debt levels provide stability and flexibility.
  • Lowe's investments in its total home strategy, as mentioned by CEO Marvin Ellison, indicate a focus on long-term growth and innovation.
  • The company's ability to mitigate revenue pullbacks through dividends and leverage opportunities can provide stability and potential returns for long-term investors.

Cons

Investors should be bearish about investing in Lowe's Companies, Inc. for these reasons:

  • The macro headwinds and decreased discretionary spending on larger projects by consumers may impact Lowe's revenue growth.
  • The potential for a generational-quality pullback in blue-chip dividend payers, including Lowe's, as suggested by the charts.
  • There is a possibility that Lowe's may "right size" its dividend payment, similar to what V.F. Corporation chose to do.
  • While Lowe's has shown resilience, there is still uncertainty in the market, and stock prices can be volatile.
  • Investors should carefully monitor the company's financial performance and market conditions before making investment decisions.














LOW Stock Analysis - Frequently Asked Questions

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

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.
View LOW analyst ratings
or view top-rated stocks.

What is Lowe's Companies' stock price target for 2024?

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.
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 the year. Since then, LOW stock has increased by 0.9% and is now trading at $200.95.
View the best growth stocks for 2023 here
.

Are investors shorting Lowe's Companies?

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
.

When is Lowe's Companies' next earnings date?

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

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, 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
.

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 2.20%. 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.

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

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.

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

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.

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).

Who are Lowe's Companies' major shareholders?

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
.

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.

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
This page (NYSE:LOW) was last updated on 11/29/2023 by MarketBeat.com Staff

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