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

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.
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25 analysts have issued 1 year target prices for Lowe's Companies' shares. Their LOW share price forecasts range from $159.00 to $275.00. On average, they predict the company's stock price to reach $222.65 in the next twelve months. This suggests a possible upside of 7.7% from the stock's current price.
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Lowe's Companies' stock was trading at $199.24 at the beginning of 2023. Since then, LOW shares have increased by 3.8% and is now trading at $206.78.
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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) announced its quarterly earnings results on Tuesday, May, 23rd. The home improvement retailer reported $3.67 EPS for the quarter, beating the consensus estimate of $3.48 by $0.19. The home improvement retailer had revenue of $22.35 billion for the quarter, compared to analyst estimates of $21.68 billion. Lowe's Companies had a negative trailing twelve-month return on equity of 68.42% and a net margin of 6.65%. The business's quarterly revenue was down 5.5% compared to the same quarter last year. During the same period last year, the business posted $3.51 EPS.
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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 dividend yield of 2.13%. The ex-dividend date 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 2.00%. 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 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 of Directors has approved a stock buyback program on Wednesday, December 15th 2021, which permits the company to buyback $13,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy up to 7.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's leadership believes its shares are undervalued.

Lowe's Companies updated 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 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 variety of institutional and retail 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 $206.78.

Lowe's Companies (NYSE:LOW) has a market capitalization of $123.32 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.