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

25 Wall Street 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 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.
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25 Wall Street analysts 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 anticipate the company's stock price to reach $222.23 in the next twelve months. This suggests a possible upside of 7.6% 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 3.7% and is now trading at $206.52.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 16th 2023.
View our LOW earnings forecast.

Lowe's Companies, Inc. (NYSE:LOW) posted its earnings results on Tuesday, May, 23rd. The home improvement retailer reported $3.67 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 company's quarterly revenue was down 5.5% compared to the same quarter last year. During the same period in the prior year, the company posted $3.51 earnings per share.
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Lowe's Companies declared 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 dividend yield of 2.13%. The ex-dividend date of this dividend is Tuesday, July 25th. This is an increase from the stock's previous quarterly dividend of $1.05.
Read our dividend analysis for LOW.

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

Lowe's Companies (NYSE:LOW) pays an annual dividend of $4.20 per share and currently has a dividend yield of 2.03%. 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.

Lowe's Companies declared that its board has authorized a stock buyback plan on Wednesday, December 15th 2021, which allows the company to buyback $13,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to buy up to 7.6% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's management believes its stock is undervalued.

Lowe's Companies updated its FY 2023 earnings guidance on Friday, May, 26th. The company provided EPS guidance of $13.20-$13.60 for the period, compared to the consensus EPS 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.

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

Lowe's Companies' stock is owned by a number of retail and institutional investors. Top institutional shareholders 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.
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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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One share of LOW stock can currently be purchased for approximately $206.52.

Lowe's Companies (NYSE:LOW) has a market capitalization of $123.17 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.

The company employs 307,000 workers across the globe.

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.