NYSE:LOW

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: $206.96
▼
$234.99
52-Week Range: $176.50
▼
$237.21

Volume: 2.77 million shs
Average Volume: 2.94 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: 0.53
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

46th out of 208 stocks

Lumber & Other Building Materials Industry

2nd out of 5 stocks

3.2

Analyst's Opinion

Consensus Rating
Lowe's Companies has received a consensus rating of Hold. The company's average rating score is 2.39, and is based on 13 buy ratings, 13 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $237.90, Lowe's Companies has a forecasted upside of 14.9% from its current price of $206.96.
Amount of Analyst Coverage
Lowe's Companies has been the subject of 19 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0

Short Interest

Percentage of Shares Shorted
1.74% of the float of Lowe's Companies has been sold short.
Short Interest Ratio / Days to Cover
Lowe's Companies has a short interest ratio ("days to cover") of 4.
Change versus previous month
Short interest in Lowe's Companies has recently increased by 8.88%, indicating that investor sentiment is decreasing significantly.

4.2

Dividend Strength

Dividend Yield
Lowe's Companies pays a meaningful dividend of 2.09%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Lowe's Companies has been increasing its dividend for 50 years.
Dividend Coverage
The dividend payout ratio of Lowe's Companies is 43.31%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Lowe's Companies will have a dividend payout ratio of 30.20% next year. This indicates that Lowe's Companies will be able to sustain or increase its dividend.

1.6

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Lowe's Companies has received a -18.36% net impact score from Upright. The largest negative impact of Lowe's in category "GHG emissions" seems to be driven mostly by its "Physical retail of construction materials at a home improvement store", "Physical retail of outdoor roof, facade, wall, and floor elements at a home improvement store", "Painting works", and "Roofing works" products. See details.
Environmental Sustainability
The Environmental Impact score for Lowe's Companies is -2.74.

2.5

News and Social Media Coverage

News Sentiment
Lowe's Companies has a news sentiment score of 0.53. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Retail/Wholesale companies.
News Coverage This Week
MarketBeat has tracked 21 news articles for Lowe's Companies this week, compared to 18 articles on an average week.
Search Interest
Only 35 people have searched for LOW on MarketBeat in the last 30 days. This is a decrease of -36% compared to the previous 30 days.
MarketBeat Follows
52 people have added Lowe's Companies to their MarketBeat watchlist in the last 30 days. This is an increase of 63% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Lowe's Companies insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,245,671.00 in company stock.
Percentage Held by Insiders
Only 0.24% of the stock of Lowe's Companies is held by insiders.
Percentage Held by Institutions
71.88% of the stock of Lowe's Companies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Lowe's Companies are expected to grow by 8.41% in the coming year, from $13.44 to $14.57 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Lowe's Companies is 20.37, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 122.40.
Price to Earnings Ratio vs. Sector
The P/E ratio of Lowe's Companies is 20.37, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 22.03.
Price to Earnings Growth Ratio
Lowe's Companies has a PEG Ratio of 1.38. PEG Ratios above 1 indicate that a company could be overvalued.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

LOW Stock News Headlines

September 11, 2023 | marketbeat.com

These are the Top 3 Sectors for 3rd Quarter Profit Growth (LOW)

The Q3 earnings reporting is approaching quickly and the news will not all be good; These are the top sectors to watch for growth.

September 11, 2023 | marketbeat.com

5 Undervalued Dow Stocks to Buy After the August Selloff (LOW)

The Dow 30 stocks frequently serve as a barometer of investor sentiment; here are five undervalued Dow stocks that may power higher in the last part of 2023

September 28, 2023 | Micro-Cap Stock Trader (Ad)

U.S. drive to onshore battery supply chains could create big winners in lithium

Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons

September 8, 2023 | marketbeat.com

3 Dividend Kings Poised to Outperform the Market (LOW)

Wall Street expects these three Dividend Kings who have raised their dividend payments for 50 or more consecutive years to keep delivering dividend gold.

September 6, 2023 | marketbeat.com

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.

August 30, 2023 | marketbeat.com

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.

August 29, 2023 | marketbeat.com

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.

September 27, 2023 | americanbankingnews.com

Investors Buy High Volume of Lowe's Companies Put Options (NYSE:LOW)

September 28, 2023 | Wall Street Fundamentals (Ad)

Would Buffett Approve of This Growth Strategy?

Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.

September 26, 2023 | msn.com

Jamison Children’s Center selected as recipient of Lowe’s Community Impact Project

September 25, 2023 | finance.yahoo.com

Navigating Market Uncertainty: Intrinsic Value of Lowe's Companies Inc

September 25, 2023 | msn.com

Lowe's: Hold Onto This Long-Term Compounder

September 24, 2023 | seekingalpha.com

Lowe's: Seizing Downturns For Future Fortunes

September 24, 2023 | americanbankingnews.com

Lowe's Companies (NYSE:LOW) Now Covered by HSBC

September 23, 2023 | msn.com

Costco, Lowe's, Best Buy, and Tractor Supply are winning the battle against retail theft in a strikingly similar way

September 23, 2023 | msn.com

Lowe's has an answer for Target and Walmart's theft problems

September 22, 2023 | msn.com

Lowe’s Hometown comes out to support The Gil Carter Initiative

September 22, 2023 | finance.yahoo.com

Lowe's (LOW) Stock Moves -0.06%: What You Should Know

September 21, 2023 | msn.com

3 wrongful death lawsuits and allegations of pocketing state funds hit Utah-based private prison company

September 21, 2023 | finance.yahoo.com

Beyond Market Price: Uncovering Lowe's Companies Inc's Intrinsic Value

September 21, 2023 | finance.yahoo.com

Lowe's (LOW) Down 5.4% Since Last Earnings Report: Can It Rebound?

September 20, 2023 | stocknews.com

Lowe's Companies (LOW), Sherwin-Williams (SHW) and WD-40 Company (WDFC): Ranking Home Improvement Stocks

September 20, 2023 | bizjournals.com

New Lowe's coming to St. Johns County

September 19, 2023 | abcnews.go.com

Instacart's IPO surges as the grocery delivery company goes from the supermarket to the stock market

September 19, 2023 | finance.yahoo.com

Unveiling the Investment Potential of Lowe's Companies Inc (LOW): A Comprehensive Analysis

September 19, 2023 | finance.yahoo.com

September 18, 2023 | msn.com

‘She didn’t even know my name’: Lowe’s worker says her entire department of 50 was just fired by a manager who called her ‘Josh’

See More Headlines

Receive LOW Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Lowe's Companies and its competitors with MarketBeat's FREE daily newsletter.

LOW Company Calendar

Ex-Dividend for 8/9 Dividend: 7/25/2023
Dividend Payable: 8/09/2023
Last Earnings: 8/22/2023
Today: 9/28/2023
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

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Lumber & other building materials
Sub-Industry: Home Improvement Retail
Sector: Retail/Wholesale
Current Symbol: NYSE:LOW
CUSIP: 54866110
CIK: 60667
Web: www.lowes.com
Phone: (704) 758-1000
Fax: 704-757-0576
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: +14.9%
Consensus Rating: Hold
Rating Score (0-4): 2.39
Research Coverage: 28 Analysts

Profitability

EPS (Most Recent Fiscal Year): $10.16
Trailing P/E Ratio: 20.37
Forward P/E Ratio: 15.40
P/E Growth: 1.38
Net Income: $6.44 billion
Net Margins: 6.48%
Pretax Margin: 9.11%
Return on Equity: -58.56%
Return on Assets: 18.29%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.26
Quick Ratio: 0.27

Sales & Book Value

Annual Sales: $93.23 billion
Price / Sales: 1.28
Cash Flow: $17.49 per share
Price / Cash Flow: 11.83
Book Value: ($25.53) per share
Price / Book: -8.11

Miscellaneous

Outstanding Shares: 577,115,000
Free Float: 575,730,000
Market Cap: $119.44 billion
Optionable: Optionable
Beta: 1.09

Social Links

Beginners Guide To Retirement Stocks

Click the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.

Get This Free Report

Key Executives

Mr. 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 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 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. Dupre (Age 58)
Exec. VP of HR

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

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' shares. Their LOW share price forecasts range from $159.00 to $289.00. On average, they predict the company's stock price to reach $237.90 in the next year. This suggests a possible upside of 14.9% 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 3.9% and is now trading at $206.96.
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) released its quarterly earnings data 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 had revenue of $24.96 billion for the quarter, compared to the consensus estimate of $24.97 billion. Lowe's Companies had a net margin of 6.48% and a negative trailing twelve-month return on equity of 58.56%. The firm's quarterly revenue was down 9.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.67 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 declared 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 2.13%. The ex-dividend date is Tuesday, October 24th.
Read our dividend analysis for LOW.
What ETFs hold Lowe's Companies' stock?: 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).
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 announced that its board has approved a share buyback plan 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 repurchase up to 7.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board 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 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 many different 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 $206.96.
How much money does Lowe's Companies make?: Lowe's Companies (NYSE:LOW) has a market capitalization of $119.44 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 9/28/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial